ICT analyst Gartner has predicted that outdoor surveillance cameras will provide the largest market for internet of things (IoT) solutions using 5G worldwide over the next three years.
But it will be surpassed by connected cars from 2023.
The company’s assessment of the market says that CCTV will account for 70% of the 5G IoT endpoint installed base in 2020, then contract to 32% by 2023.
Worldwide the number of installations will grow from 2.5 million in 2020 to 6.2 million in 2021 and 11.2 million in 2022; but their share of the total will decline with growth in other areas.
Stephanie Badhdassarian, senior research director at Gartner, said: “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.”
Connected cars will increase their share to account 19 million installation and account for 39% of the total by 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. “Commercial and consumer connected car embedded 5G endpoints will represent 11% of all 5G endpoints installed in 2020, and this figure will reach 39% by the end of 2023.”
The only other technology with a share in double figures will be fleet telematics devices, totalling 5.1 million and accounting for 11% of the total by the end of the period.
Image: Otto Normalverbraucher, public domain via Wikimedia Commons