Wednesday, January 08, 2020 12:22 PM

AUTOMOTIVE INDUSTRY WILL BECOME BIGGEST MARKET FOR 5G IOT IN 2023 - CXOTODAY.COM

Outdoor surveillance cameras will be the largest market for 5GInternet of Things[1](IoT) solutions worldwide over the next three years, according to Gartner, Inc. These cameras will represent 70% of the 5G IoT endpoint installed base in 2020, before contracting to 32% by the end of 2023.

5G IoT installed endpoints for outdoor surveillance cameraswill 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. Camerasdeployed 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, saidStephanie Baghdassarian[2], 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).

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News source: GOOGLE NEWS

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