Oil and gas industry sees rapid growth in IoT devices

The oil and gas industry is experiencing a surge in the adoption of IoT devices, according to a new report from Berg Insight.

Berg Insight’s report forecasts that the installed base of wireless devices featuring cellular, satellite, or low-power wide-area (LPWA) connectivity in the industry will grow at a compound annual growth rate (CAGR) of 19.3 percent, increasing from 7.8 million units at the end of 2023 to 18.8 million connected devices by 2028.

The primary...

European smart gas meters penetration hit 45% in 2023

According to a new report from the IoT analyst firm Berg Insight, the installed base of smart gas meters in Europe reached 55.9 million units in 2023.

Equivalent to a penetration rate of 45 percent, this represents significant growth in the adoption of smart gas metering technology across the continent.

The report forecasts that the installed base will continue expanding at a compound annual growth rate (CAGR) of 6.8 percent between 2023 and 2028, reaching 77.6 million...

Fleet management systems in Australia and New Zealand to exceed 2.4M by 2027

IoT analyst firm Berg Insight predicts substantial growth in active fleet management systems deployed across commercial vehicle fleets in Australia and New Zealand.

As of Q4 2022, the number of active fleet management systems in the countries stands at approximately 1.4 million units. Berg Insight forecasts this figure to reach over 2.4 million units by 2027—driven by a robust compound annual growth rate (CAGR) of 11.5 percent.

The fleet management market in the region...

Global IoT connectivity revenues continue to surge

According to a report by IoT market research firm Berg Insight, global IoT connectivity revenues are continuing to surge.

The researchers note that revenues increased by 24 percent in 2022 to reach $13.9B (£9.37B) in 2022. The decline in global Average Revenue Per User (ARPU) also decelerated and dropped by just one percent to €0.49 (£0.33).

IoT connectivity revenues typically account for around two percent of the total revenues for the largest mobile operator...

Berg Insight: Global cellular IoT connections grew 22% in 2021

Berg Insight says that global cellular IoT connections grew an impressive 22 percent in 2021.

According to the company’s analysts, global cellular IoT connections reached 2.1 billion last year.

No particular region stood out for growth. The major regional markets of China, Western Europe, and North America grew similarly during the year as the world recovered from the COVID-19 pandemic.

However, China continues to lead the way for cellular IoT...

Berg Insight claims 8.6M Europeans were using connected healthcare in 2021

Research from Berg Insight suggests 8.6 million Europeans were using connected healthcare solutions in 2021.

The figure relates to the end of 2021 and consists of traditional telecare, next-generation telecare, and telehealth solutions in EU27+3 countries.

“As lockdowns and quarantines were imposed all around the world, healthcare providers were motivated to adopt remote patient monitoring and telehealth solutions,” said Samuel Andersson, IoT Analyst at Berg...

Berg Insight: The number of remotely-monitored patients hit 45.6M in 2020

Research from Berg Insight suggests the number of remotely-monitored patients hit 45.6 million in 2020.

The IoT market research giant analysed the growing number of patients enrolled in mHealth care programs where connected devices were used as part of the regimen.

Adoption is currently being driven by sleep therapy, diabetes monitoring, and implantable cardiac rhythm management (CRM) devices.

ResMed and Philips are the two brands dominating the sleep therapy...

Installed fleet management systems in Europe to hit 22.5M by 2025

Research from Berg Insight suggests the installed base of fleet management systems in Europe will hit 22.5 million by 2025.

The analysts forecast a compound annual growth rate (CAGR) of 14.4 percent, showing the growing interest in systems for monitoring fleets.

Berg Insight estimates the current number of management systems deployed for commercial vehicle fleets in Europe to have reached 11.5 million at the end of 2020.

Webfleet Solutions is named as the...

Embedded car telematics market to see 19% CAGR over the next 5 years

Embedded Telematics Vehicle

The number of telematics service subscribers using embedded systems is expected to grow at a compound annual growth rate (CAGR) of 19 percent from 133 million subscribers at the end of 2020 to 377 million by the end of 2026.

The latest research from IoT analyst firm Berg Insight, the report also forecasts that global shipments of embedded car OEM telematics systems will grow from 41 million to 77 million units in the same time period, which represents an attach rate of 91...

Berg Insight: Global satellite IoT subscriber base to hit 15.7M by 2025

Analysts from Berg Insight expect the global satellite IoT subscriber base to hit 15.7 million by 2025 after surpassing 3.4 million in 2020.

The researchers predict the number of subscribers will increase at the compound annual growth rate of 35.8 percent.

IoT devices continue to proliferate rapidly. Satellites aren’t heading into orbit at quite the same pace but launches have certainly increased in tempo as an increasing number of companies seek to secure their slice...