IoT News | The installed base of connected tanks to reach 22.2 million in 2025

IoT News | The installed base of connected tanks to reach 22.2 million in 2025

The installed base of connected tanks to reach 22.2 million in 2025

IoT News | The installed base of connected tanks to reach 22.2 million in 2025

The global installed base of active remote tank monitoring (RTM) solutions reached 4.8 million units at the end of 2020, according to a new research report from the IoT analyst firm Berg Insight.

Growing at a compound annual growth rate (CAGR) of 35.5 percent, the active installed base is estimated to reach 22.2 million units worldwide in 2025.

Berg Insight estimates that the European market accounted for more than 1.3 million active RTM systems at the end of 2020.

The North American market is estimated to be larger than the European at around 1.6 million active units.

The Asia-Pacific market is moreover estimated to represent an installed base of about 1.4 million RTM systems.



Continue reading