Berg Insight is an independent industry analyst and consulting firm specializing in the Internet of Things (IoT) and digital technologies. Founded in 2004 and based in Sweden, the firm provides research reports, data sets, and advisory services, covering IoT product categories and vertical markets like fleet management, automotive telematics, and smart metering. While not directly involved in space activities, their research touches upon space-related applications such as satellite IoT communications, commercial drones, and asset tracking, analyzing the impact of connectivity on various industries. Key clients include mobile operators, technology companies, and investment firms.
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Berg Insight estimates that global shipments of OEM telematics hardware for passenger cars, light trucks and commercial vehicles reached close to 68.4 million units in 2023.
Berg Insight estimates the OEM telematics hardware market value at €8.6 billion in 2023.
Berg Insight released findings that more than 47.3 million aftermarket telematics devices were shipped globally during 2023.
Berg Insight forecasts that annual shipments of aftermarket telematics hardware will grow at a compound annual growth rate of 8.0 percent until 2028 to reach 69.3 million units.
Berg Insight forecasts that the number of telecare users in Europe and North America will grow at a compound annual growth rate (CAGR) of 7.8 percent until 2028 to reach 20.6 million users.
Berg Insight found that around 5.2 million people in North America were using telecare or medical alert solutions at the end of 2023.
Berg Insight found that around 9.0 million people in Europe were using telecare or medical alert solutions at the end of 2023.
Berg Insight expects the European telecare market value to grow at a CAGR of 8.4 percent over the next five years to reach €5.2 billion at the end of the forecast period.
Berg Insight analysts forecast that the number of IoT devices demanding satellite-based connectivity will grow from around five million in 2022 to 21 million worldwide by 2026.
Berg Insight forecasts the global market for precision agriculture solutions to grow from €3.1 billion in 2022 at a compound annual growth rate of 11.4 percent to about €5.2 billion in 2027.
Berg Insight projects that the number of satellite IoT subscribers will reach 23.9 million units in 2027 for an estimated revenue of 1,250,000,000 EUR.
Berg Insight projects the number of satellite IoT subscribers will increase at a compound annual growth rate of 39.6 percent to reach 23.9 million units in 2027.
Berg Insight’s research report finds the global satellite IoT subscriber base grew to surpass 4.5 million in 2022.
Berg Insight reports that the global satellite IoT subscriber base grew to surpass 3.4 million in 2020.
Berg Insight projects the number of satellite IoT subscribers will increase at a compound annual growth rate of 35.8 percent to reach 15.7 million units in 2025.