OEM automotive is instead the largest vertical, accounting for 96 million units, ahead of transport & logistics at 76 million units and utilities representing 68 million units
Berg Insight has published its annual database covering the 450 largest cellular IoT deployments identified as part of the company’s IoT market research activities since 2004. The list includes various types of projects and product categories deployed across all IoT verticals including OEM automotive, aftermarket automotive, transport & logistics, utilities, infrastructure, buildings & security, retail, industrial, consumer electronics, healthcare and other. The database includes project size and geographical distribution by the end of 2019 as well as a 5-year forecast for each individual project.
“The projects included in the top-450 list together account for approximately 349 million active cellular IoT subscriptions”, said Rickard Andersson, Principal Analyst, Berg Insight. He added that this corresponds to as much as 22.3 percent of the total number of cellular IoT connections worldwide at the end of 2019. The 450 projects on the list are in the coming years forecasted to grow to 752 million units by 2024, corresponding to an overall compound annual growth rate (CAGR) of 16.6 percent.
“More than 70 deployments on the list have surpassed 1 million subscriptions and the top-10 projects alone account for over 118 million units”, continued Mr. Andersson. Transport & logistics is the largest vertical in terms of the number of projects that made the top list, followed by retail, aftermarket automotive, utilities, buildings & security, OEM automotive, healthcare and industrial.
When comparing the number of active subscriptions represented by each vertical for the entries in the top-450 list, Berg’s numbers say that OEM automotive is instead the largest vertical, accounting for 96 million units, ahead of transport & logistics at 76 million units and utilities representing 68 million units.
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