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2018-04-18
The installed base of connected vending machines worldwide will reach 5.4 million by 2022
Berg Insight, the world’s leading IoT market research provider, today released a new market report covering the connected vending machine market. The global installed base of connected vending machines reached an estimated 2.6 million units in 2017. North America represents the largest share of around 1.3 million of these machines, whereas the corresponding number for the European market is 0.6 million. The number of connected vending machines in other parts of the world totalled an estimated 0.7 million units at the end of 2017, mainly in Japan and Australia. Berg Insight forecasts that the number of connected machines worldwide will grow at a compound annual growth rate (CAGR) of 16.2 percent to reach 5.4 million units by 2022. As a result, the global penetration rate will reach 32.2 percent at the end of the forecast period. The global market for connected vending solutions is served by a variety of players. Many of the leading providers are specialised technology companies offering connected vending telemetry and cashless payment solutions. “USA Technologies is following the acquisition of Cantaloupe Systems in 2017 clearly number one in terms of installed base”, said Rickard Andersson, Senior Analyst, Berg Insight. He adds that other leading technology suppliers include Ingenico Group, Nayax and Televend (INTIS). Vianet Group, Vendon and Vendwatch Telematics are additional examples of technology players with relatively significant installed bases. Numerous vending machine manufacturers are also active in the connected vending space, either directly by developing proprietary solutions in-house, or by partnering with established vending telemetry and cashless payment solution providers. “The manufacturer Crane even holds one of the leading positions from a global perspective through Crane Connectivity Solutions with a total of 400,000 connected machines”, continued Mr. Andersson. In line with developments observed on other M2M/IoT markets which have reached a higher level of maturity, Berg Insight estimates that this space also will be dominated by a few multinational players having global installed bases of hundreds of thousands of connected vending machines. “The milestone of one million connected vending machines on the same platform is expected to be surpassed already in 2020”, concluded Mr. Andersson.

2018-04-17
Free floating carsharing services are gaining in popularity
A new report from the IoT analyst firm Berg Insight has found that most carsharing organizations today use station-based networks with roundtrip rental which requires users to return a vehicle to the same designated station from which it was accessed. Another operational model that is rapidly gaining in popularity is free floating carsharing, which enables members to pick up and drop off cars anywhere within a designated area where parking is allowed. Free floating carsharing services reached 40,000 cars on the streets serving 5.6 million members in 2017. Free floating carsharing membership is forecasted to reach 14.3 million using roughly 102,000 vehicles by year-end 2022. The ability to access available cars instantly without prior booking or need to schedule return time make free floating carsharing attractive. This operational model poses at the same time challenges for carsharing operators such as car fleet rebalancing across operating areas to guarantee availability, higher capital investments in car fleets as well as parking management. “Free floating carsharing is now available in about 20 countries and roughly 55 cities worldwide”, said Martin Svegander IoT analyst at Berg Insight. Europe and North America so far represent the vast majority of free floating carsharing members worldwide. “In Europe, free floating services accounted for more than 65 percent of the carsharing membership at year-end 2017”, continued Mr. Svegander. Examples of additional markets that have introduced free floating carsharing services include Russia, China, New Zealand and Brazil. Besides free floating carsharing schemes backed by the major carmakers BMW (DriveNow) and Daimler (Car2go), some specialist CarSharing Organisations (CSOs) in Europe and North America have also started to offer this operational model. Examples of CSOs that offer free floating services include Enjoy in Italy, GreenMobility in Denmark and Evo Car Share in Canada. Recently, BMW and Daimler announced the merger of their mobility service businesses that is anticipated to create a leading venture that includes free floating carsharing services and other shared mobility services. “Daimler’s Car2go was at year-end 2017 the clear market leader with close to 3.0 million members and BMW’s DriveNow had at the same time more than 1.0 million members”, concluded Mr. Svegander.

2018-04-13
Carsharing service membership reached 23.8 million worldwide in 2017
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 23.8 million people in 2017 at a compound annual growth rate (CAGR) of 20.6 percent to reach 60.8 million people in 2022. Berg Insight forecasts that the number of cars used for carsharing services will grow at a CAGR of 26.9 percent from 214,000 at the end of 2017 to 705,000 at the end of 2022. Carsharing is one of many car-based mobility services that have become available for people that want to complement other modes of transportation with car-based mobility occasionally. Examples of other car-based mobility services include traditional car rental, carpooling, ridesharing, taxi and ridesourcing services. Carsharing is a decentralised car rental service focusing on short term rentals. CarSharing Organisations (CSOs) offer members access to a fleet of shared cars 24/7 from unattended self-service locations. Usage is billed by the minute/hour and by distance driven, with rates that include fuel, insurance and maintenance. Today, most CSOs use station-based networks with roundtrip rental. This operational model requires members to return a vehicle to the same designated station from which it was accessed. Some CSOs have also started to offer one-way carsharing that enables users to return the car to any station operated by the CSO. Another model that is rapidly gaining in popularity is free floating carsharing, which enables members to pick up and drop off cars anywhere within a designated area. New technologies in the form of telematics systems and smartphones are key enablers of carsharing services. Leading vendors of hardware and software platforms enabling carsharing services include INVERS, Convadis, Omoove, Good Travel Software, Vulog, Ridecell, Targa Telematics and OpenFleet. Several carsharing technology vendors are also targeting the emerging corporate carsharing market which can be used by corporations to increase corporate car pool availability and reduce mobility costs. “Carsharing services are offered by specialist carsharing companies, car rental companies, carmakers, as well as other players such as public transport operators”, said Martin Svegander, IoT analyst at Berg Insight. Examples of leading CSOs backed by carmakers include Car2go (owned by Daimler), DriveNow (owned by BMW) and Maven (owned by GM). Car rental CSOs include Ubeeqo (owned by Europcar) as well as Zipcar (owned by Avis Budget Group). Examples of specialised CSOs are Times Car Plus (owned by the Japanese parking lot operator Park 24), Socar in South Korea, Pand-Auto and EvCard in China, Enjoy (owned by the Italian energy company Eni), Mobility Carsharing in Switzerland, Stadtmobil and Flinkster in Germany, Communauto in Canada and GoGet in Australia. “There are more than 500 providers of public carsharing services globally and the top-25 of these held about 85 percent market share in terms of the number of members and managed close to 60 percent of the car fleet worldwide at the end of 2017”, concluded Mr. Svegander.

2018-02-07
Berg Insight is hiring
We are expanding our office in Gothenburg and are looking for two additional analysts. Find out more about the available positions on the link below.
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2018-01-11
Berg Insight says top ten mobile operators have 76 percent market share in cellular IoT
A new report from the IoT analyst firm Berg Insight says that the ten leading global mobile operator groups have a combined market share of 76 percent in cellular IoT. The top players reported a combined active base of 407 million cellular IoT connections at the end of H1-2017. China Mobile was number one with 150 million IoT connections in the period. Vodafone ranked second, with a reported 59 million connections, ahead of China Unicom with 50 million IoT connections. AT&T and China Telecom ranked fourth and fifth with 36 million and 28 million IoT connections respectively. Deutsche Telecom, Softbank/Sprint, Verizon and Telefónica currently had in the range of 15–20 million cellular IoT subscribers, which are growing at yearly rates of 15–30 percent. Telenor was the last player in the top ten with approximately 12 million cellular IoT subscribers. “The Chinese mobile operators achieved tremendous volume growth in 2017, driven by accelerating uptake of cellular IoT in the domestic market”, says Tobias Ryberg, Senior Analyst at Berg Insight and author of the report. “China Mobile is believed to have reached 200 million cellular IoT connections at the end of 2017”. Vodafone and AT&T are consolidating their positions as regional market leaders in Europe and North America respectively, serving multinational clients on a global basis. “In 2017, Vodafone extended its lead in the European market”, says Mr Ryberg. “The competitors are however also gaining momentum and the expanding market has room for multiple players”. In terms of revenues, the Western mobile operators are ahead of their Chinese counterparts. Berg Insight expects that at least three operator groups – AT&T, Verizon and Vodafone – will generate more than US$ 1 billion in revenues from IoT in 2018. “The main strategy for growing IoT revenues is vertical plays in major application areas,” says Mr Ryberg. “Verizon, Vodafone and others have made significant acquisitions in the connected vehicle space to extend their product portfolios. AT&T and Deutsche Telekom develop dedicated practices for smart cities and many operators seek to play leading roles in national projects in areas like smart metering and electronic road charging”.

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