The 350 largest cellular IoT deployments together account for 214 million units, says Berg Insight’s Principal Analyst Rickard Andersson
Sweden-based M2M/IoT market research firm, Berg Insight, has come out with a unique database covering the 350 largest cellular IoT deployments identified as part of the company’s world-class IoT market research activities since 2004.
Berg Insight’s extensive list includes various types of projects and product categories deployed across all types of vertical markets including aftermarket automotive, fleet management & MRM, healthcare, OEM automotive, retail applications, smart homes and buildings, utilities, wearables & consumer electronics as well as industrial M2M and other.
The database includes project size and geographical distribution by the end of 2017 as well as a 5-year forecast for each individual project.
The 350 projects are estimated to grow to 521 million units by 2022
“The projects included in the top-350 list together account for approximately 214 million active cellular IoT subscriptions”, said Rickard Andersson, Principal Analyst, Berg Insight.
He added that this corresponds to as much as 33.0 percent of the total number of cellular IoT connections worldwide at the end of 2017.
Berg Insight predicted that the 350 projects on the list will grow to 521 million units by 2022, corresponding to an overall compound annual growth rate (CAGR) of 19.5 percent.
“More than 40 deployments on the list have surpassed 1 million subscriptions and the top-10 projects alone account for over 80 million units,” continued Andersson.
Fleet management & MRM lead in terms of project number
Fleet management & MRM is the largest vertical in terms of the number of projects that made the top list, followed by retail applications, aftermarket automotive and OEM automotive as well as smart homes and buildings.
In terms of the number of active subscriptions represented by each vertical for the entries in the top-350 list, OEM automotive is the largest vertical, accounting for 46 million units, ahead of utilities at about 34 million units and fleet management & MRM representing 31 million units.
North American and European markets account for largest units
The North American and European markets represent 70.1 million units and 55.8 million units respectively of the active M2M/IoT units across all verticals on the top list. The Rest of World furthermore accounts for 78.3 million units.
This in-depth research will give valuable insights to various sectors, including telecom operator, platform provider, hardware manufacturer, investor, consultant, or government agency.