Our connected future: Smart building market & predictions

Increasing government initiatives, growing energy concerns, consumer demands, and various environmental, social and governance (ESG) factors are driving the growth of the smart building market, which is expected to register a compound annual growth rate (CAGR) of over 23% between the period of 2020 – 2025.

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IoT in healthcare is expected to flourish at nearly 18.0% CAGR

According to Future Market Insights, the worldwide IoT in Healthcare market is expected to reach US$181.4 billion (€172.29 billion) in 2022, growing at an 18.0% CAGR to US$952.3 billion (€904.49 billion) by 2032 over the forecast period. Furthermore, a dollar opportunity worth US$770.9 billion (€732.20 billion) is anticipated for the market in the forthcoming decade.

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Cellular IoT MVNOs to manage 670mn connections by 2026

London, UK. 26 April 2022 – Kaleido Intelligence, a connectivity market intelligence and consulting firm, has found that cellular IoT connections managed by MVNOs will reach 670 million in 2026, growing at a CAGR of 24% between 2022 and 2026. Notably, with many IoT MVNOs now specialising in eSIM solutions, Kaleido predicts that eSIM connection growth

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ML & deep learning technology to flourish at a 5.7% CAGR in the global AI in IoT market

The global market for AI in IoT is estimated at US$ 6.2 Billion (€5.69 billion) in 2022 and is projected to reach US$ 142.4 Billion (€130.59 billion) by 2032. The market is expected to reach a CAGR of 6.2% during the forecast period from 2022 to 2032. This market is projected to grow steadily over

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Industrial IoT market to reach US$1.3tn by 2032: Market expected to grow at 12.2% CAGR, says FMI

The industrial Internet of Things (IoT) market is projected to reach a valuation of US$1.3 trillion (€1.20 trillion) by 2032, advancing at a compound annual growth rate (CAGR) of 12.2% throughout the forecast period.

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The installed base of fleet management systems to reach 31mn units by 2025

Gothenburg, Sweden. 22 October 2021 – According to a new report from the IoT market research provider Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 12.3 million at the end of 2020. Growing at a compound annual growth rate (CAGR) of 14.0%, this number is

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How IoT security translates from buzzword to opportunity

More and more companies looking for turnkey managed solutions for their IoT technologies, to not only secure their applications but also comply with data security regulations, says Adam Weinberg, co-founder & CTO, FirstPoint Mobile Guard.

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Smart transportation market is predicted to grow as enabling 5G network & COVID-19 impact

The global smart transportation market was valued at US$57.9 billion (€49.50 billion) in 2018 and is expected to reach US$191.3 billion (€163.55 billion) in 2026, growing at a CAGR of 16.4% during the forecast period. Rising population demands, increased safety and convenience, are some of major benefits offered by smart transportation which are driving the growth of the smart transportation market globally. 

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Global container handling equipment demand influenced by electric and hybrid vehicles

According to a new market intelligence study by an ESOMAR-certified market research and consulting firm, the global market for container handling equipment is expected to increase at a value CAGR of 4.2% over the forecast period, to reach a market surpass US$2 billion (€1.70 billion) by 2031.

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Air quality monitoring now one of the fast-growing smart city applications

According to a new research report from the IoT analyst firm, Berg Insight, the installed base of urban air quality monitoring devices reached 73,000 units in 2020 and will grow at a CAGR of 34% to reach 315,000 units in 2025.

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LiDAR sensor market to expand 300% by 2031, backed by adoption of IoT

The global automotive industry is experiencing revolutionising changes with integration of IoT devices. Self-driving and connected cars are boosting demand for LiDAR sensors, as these helps self-driving vehicles identify obstacles in their path.

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Global public carsharing fleet will reach almost 1mn vehicles worldwide in 2025

According to a new research report by IoT analyst firm, Berg Insight, the number of users of carsharing services worldwide is forecasted to grow from 71.9 million people in 2020 at a compound annual growth rate (CAGR) of 21.5% to reach 190.3 million people in 2025.

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Connected building automation to total 34.4mn systems in North America and Europe in 2024

According to a new research report from IoT analyst firm Berg Insight, the installed base of connected building automation systems in Europe and North America reached an estimated 20.5 million systems in 2019. This include building systems that are connected to the Internet and can send data to a backoffice platform.

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Cellular IoT devices in global retail industry to reach 116.6mn by 2024

The number of cellular Internet of Things (IoT) connections in the retail industry reached 72.4 million worldwide in 2019, according to a new research report from Berg Insight.

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ADTRAN enables IoT market to scale for network operators

ADTRAN, Inc, a provider of innovative business and residential connectivity solutions, announced at its 2020 Virtual CONNECT Press & Analyst Event that it is leveraging its expertise in carrier-grade broadband access network reliability to address specific Internet of Things (IoT) scale challenges.

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Managed smart metering to thrive as utilities max the value of smart grid investments

Berg Insight has found that the installed base of smart electricity and gas meters in Europe was 168.3 million in 2019. The installed base is forecast to grow at a compound annual growth rate (CAGR) of 8.9% to reach 280.4 million units in 2025.

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