Outdoor surveillance cameras to be biggest IoT 5G sector until 2023

#News(General) [ via IoTGroup ]

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Urban intruders
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Gartner predicts that in the longer term, connected cars will be the single biggest 5G-enabled, IoT market for network operators.
In 2020 outdoor surveillance cameras will account for 70% of the global base of IoT endpoints in 2020, but their market share will fall to 32% by 2023 as they are overtaken by connected cars in 2023.
Gartner’s Market Trends: 5G Opportunities in IoT for Communications Service Providers predicts that 5G IoT installed endpoints for outdoor surveillance cameras will reach 2.5 million in 2020, 6.2 million units in 2021 and 11.2 million units in 2022, but will be surpassed by connected cars in 2023.
“Cameras deployed by city operators or used to ensure building security and provide intruder detection offer the largest addressable market as they are located outdoors, often across cities, and require cellular connectivity,” said Stephanie Baghdassarian, Senior Research Director at Gartner.
Gartner predicts that the 5G IoT endpoint installed base will more than triple between 2020 and 2021, from 3.5 million units in 2020 to 11.3 million units in 2021.
By 2023, the 5G IoT endpoint installed base will approach 49 million units (see Table 1).
5G capabilities open up new enterprise market opportunities, so communications service providers must assess many use cases so that they can prioritise investment for IoT solutions.
In 2023, the automotive industry will become the largest market opportunity for 5G IoT solutions.
Within the automotive sector, embedded connected-car modules are the major use case for 5G.
Embedded endpoints in connected cars for commercial and consumer markets will represent an installed base of 19.1 million units out of a total of 25.9 million 5G endpoints in the automotive sector in 2023.
“The addressable market for embedded 5G connections in connected cars is growing faster than the overall growth in the 5G IoT sector,” said Baghdassarian

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