New Berg Insight database details 300 emerging cellular IoT deployments worldwide
Berg Insight presents for the first time a database comprising 300 emerging cellular M2M/IoT deployments identified as part of the company’s on-going world-class IoT market research activities. The extensive list includes various types of projects and product categories deployed across vertical markets ranging from aftermarket automotive, transport & logistics, utilities and infrastructure to retail, industrial, consumer electronics and healthcare. The new list of emerging projects identifies both start-ups and incumbents which are all yet to reach massive scale but may in many cases very well do so in the upcoming years. The database includes project size and geographical distribution by the end of 2020 as well as a 5-year forecast for each individual project.
The projects covered in the list of 300 emerging cellular IoT projects together account for approximately 4.7 million active units. They include a diversified mix of initiatives ranging from promising young start-ups to products from incumbents that have been around for years, and the projects share one common trait – they are all yet to surpass 50,000 cellular IoT connections worldwide. While some of the projects may never become large, others are expected to grow into the hundreds of thousands of units already during the 5-year forecast period. The projects on the list are together forecasted to reach 10.3 million units by 2025. This corresponds to an overall compound annual growth rate (CAGR) of 17.0 percent.
The emergence of Machine-to-Machine (M2M) communications and the Internet of Things (IoT) has impacted virtually all industry sectors. The impact has in many cases been profound, and while a few niches may have been left largely untouched so far, a fair share of the vertical markets have on the contrary been truly disrupted by M2M/IoT technology over the past decades. This development shows no signs of wearing off any time soon, as the pace of innovation within IoT-enabled businesses is continuously high and even growing in many sectors. Stories of how entrepreneurs are connecting the world with IoT are thus likely to continue dominating the tech newsfeed for the foreseeable future.
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