The 400 largest mobile operator IoT deployments together account for 279 million units, according to Berg Insight, representing perhaps 23 percent of the total number of mobile operator IoT connections worldwide at the end of 2018.
The 400 projects will add an additional 652 million units by 2023, representing an overall compound annual growth rate of 18.5 percent, according to Berg Insight.
Fleet management and mobile resource management is the largest vertical in terms of the number of projects, followed by retail applications, aftermarket automotive, utilities and OEM automotive as well as smart homes and buildings.
OEM automotive is the largest vertical in terms of units, featuring 77 million units, ahead of utilities at about 44 million units and fleet management/MRMrepresenting 40 million units, Berg estimates.
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