Thursday 22 August 2019

156m units in 300 cellular IoT deployments

GOTHENBURG, Sweden, June 18, 2017

The projects included in the top-300 cellular IoT deployments account for approximately 156 million active cellular IoT subscriptions, said an industry expert.

This corresponds to as much as 39.2 percent of the total number of cellular IoT connections worldwide at the end of 2016, added Rickard Andersson, senior analyst, Berg Insight, a leading M2M/IoT market research firm based in Sweden.

The 300 projects on the list are in the coming years forecasted to grow to 344.5 million units by 2021, corresponding to an overall compound annual growth rate (CAGR) of 17.2 percent.

“More than 30 deployments on the list have surpassed 1 million subscriptions and the top-10 projects alone account for over 60 million units,” added Andersson.

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.

When comparing the number of active subscriptions represented by each vertical for the entries in the top-300 list, OEM automotive is instead the largest vertical, accounting for 30 million units, ahead of utilities at close to 27.6 million units and aftermarket automotive representing 24.1 million units.

The extensive list of IoT deployments 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 2016 as well as a five-year forecast for each individual project. - TradeArabia News Service

Tags: Berg insight | IoT |

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