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Installed base of smart waste sensors to reach 1.5m units globally in 2023

  The installed base of smart waste sensors is expected to reach 1.5 million worldwide in 2023, compared to 379,000 in 2018, according to a recent study by IoT research firm Berg Insight. The Swedish firm highlighted that the smart waste sensors market is forecast to...

Installed base of smart street lights to reach 31.2 million by 2023: Study

  The installed base of smart street lights is forecasted to surpass 31.2 million at a global level by 2013, according to a new research report from the IoT analyst firm Berg Insight. The Swedish firm said that the installed base of smart street lights was...

Annual sales of cellular IoT gateways spiral 18.5%; US vendors dominate forecast

Annual shipments of cellular IoT gateways will reach eight million in 2023, with compound growth (CAGR) of 18.5 per cent per annum in the intervening period, according to IoT analyst house Berg Insight. Global shipments stood at around 3.4 million units in 2018, worth...

400 largest cellular IoT deployments account for 279m units, says study

  The 400 largest cellular IoT deployments at a global level together account for 279 million units, according to a recent study by Swedish consultancy firm Berg Insight. The study includes various types of projects deployed across all types of vertical markets, including aftermarket automotive, fleet...

Asia’s largest markets to reach 966 million smart electricity meters in 2024

The installed base of smart electricity meters in Asia’s four main markets will reach almost 966 million in 2024, up from 613.4 million last year, according to a new a research report from Sweden-based IoT analyst firm Berg Insight. The study revealed that the installed base of smart electricity...

5G will hit the IoT market in late 2020 and struggle for years, claims report

Next-generation 5G technology will only appear in the internet-of-things (IoT) market in late 2020, and struggle to find its mark in the space for years afterwards, according to a new report from analyst firm Berg Insight. As late as 2023, just three per cent...

China has 63% of all cellular IoT connections, claims study

China accounted for 63% of the global installed base of cellular IoT connections at the end of  last year, according to a new research by Swedish IoT analyst firm Berg Insight. The report highlighted that the global number of cellular IoT subscribers increased by 70% during 2018 to...

Wireless IoT devices in the oil and gas industry reach 1.3mn in 2018: Study

The installed base of wireless internet of things devices in the global oil and gas industry reached 1.3 million in 2018, according to a new research report from Swedish machine-to-machine/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 6.8%, this number...

Global IoT spending to reach $1.2 trillion in 2022, IDC finds

The consumer sector will lead IoT spending followed by insurance and healthcare Global internet of things (IoT) spending will experience a compound annual growth rate of 13.6% between 2017-2022 and reach $1.2 trillion in 2022, according to a recent study by research firm IDC. "The IoT...

Precision agriculture global market to reach $4.9 billion in 2021

The market is expected to expand at a CAGR of 13.6% during the 2016-2021 period, consultancy finds The global market for precision agriculture solutions is forecasted to reach about 4.2 billion euros ($4.9 billion) in 2021, up from 2.2 million euros in 2016, according to...

Projections support fleet management as key IoT use case

 According to Berg Insight, the number of active fleet management systems in the region had reached 6.7 million at end-2016 The number of active fleet management systems deployed in commercial vehicle fleets in North America was 6.7 million at the end of the 2016, according...

IoT startup Evrythng secures nearly $25 million in financing

The funding round was led by U.S. investor Sway Ventures. London-based internet of things company Evrythng said it raised $24.8 million in a Series B funding round led by San Francisco-based investor Sway Ventures, with additional funding from Toronto-based Generation Ventures and U.K.-based...

5 IoT market predictions

IoT market is growing daily in 2016 Make no mistake, the “internet of things” is already here. From fitness wearables to medical applications to smart farming and smart cities, millions of devices already are connected to cellular, Wi-Fi, Bluetooth and other wireless technologies. Millions more...

Huawei signs AI research agreement with UC Berkeley

The Chinese vendor will provide funding for AI research through its Noah’s Ark Lab Chinese ICT services provider Huawei has entered a strategic partnership with the University of California--Berkeley to carry out basic research into artificial intelligence (AI). Under the partnership, Huawei will provide a $1...

Autonomous car sales will hit 24 million units in 2030

Berg Insight estimates the autonomous car market will grow at a CAGR of 62% during the 2020-2030 period The total number of new registrations of autonomous cars is expected to reach 24 million in 2030 compared to 200,000 in 2020, which will represent a compound...

IBM invests $200 million in Watson IoT business in Germany

As part of its strategy to become a leader in the Internet of Things market, IBM announced a $200 million investment in its Watson IoT business in Munich, Germany. IBM announced it will invest more than $200 million in its global Watson IoT headquarters in Munich,...

Global IoT platform revenues to reach $3.3 billion by 2021

Global IoT platform revenues are expected to continue to grow fast and reach $3.3 billion by 2021. We discuss IoT platform trends with Berg Insight. Berg Insight expects global IoT platform revenues to grow at a compound annual growth rate (CAGR) of 30.8 percent between 2015...

Analysts expect strong growth in 5G and Industrial IoT

Bolstered by the continued development of next-generation "5G" mobile networks, industrial automation is expected to see strong adoption as the "internet of things" takes shape. In a pair of new reports, analysts detail expectations for strong market growth in 5G and industrial IoT. 5G technology...

IoT operator Sigfox: No one can match our offering

IoT operator Sigfox is confident that competing LPWAN technologies are no match to its own offering at this point. An exclusive interview with Thomas Nicholls, executive vice president of communication at Sigfox. We can count the days without an announcement on Low-Power Wide-Area Network (LPWAN), a...

Study: U.S. IoT investment will hit $232 billion this year

Driven by strong IoT investment, revenues projected to grow at 16.1% CAGR from 2015 to 2019 U.S. investment into the "internet of things," including hardware, software, services and connectivity spending is expected to hit $232 billion this year, according to a recent study by IDC....

Study: U.S. IoT investment will hit $232 billion this year

Driven by strong IoT investment, revenues projected to grow at 16.1% CAGR from 2015 to 2019 U.S. investment into the "internet of things," including hardware, software, services and connectivity spending is expected to hit $232 billion this year, according to a recent study by IDC....

Stockholm tops Ericsson’s global smart city index

Stockholm tops Ericsson’s Networked Society City Index 2016, a global smart city index measuring both sustainable urban development and ICT maturity in 41 cities around the world. Ericsson’s global smart city league table, the Networked Society City Index 2016, ranked Stockholm as the leading...

EMEA: Berg Insight – M2M at global tipping point

Machine-to-machine technology will soon be available around the globe, according to market research firm Berg Insight. The spread of M2M, which allows devices to communicate without human intervention, is being driven – quite literally – by connected cars. M2M has been a long-term evolutionary trend coming for many...