Surveillance Cameras Will Be Largest Market for 5G IoT Solutions: Report

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  • Outdoor surveillance cameras will represent 70 per cent of the 5G IoT endpoint installed base in 2020
  • 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
  • By 2023, the 5G IoT endpoint installed base will approach 49 million units
  • 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

 

According to a report published by Gartner, outdoor surveillance cameras will be the largest market for 5G Internet of Things (IoT) solutions worldwide over the next three years. These cameras will represent 70 per cent of the 5G IoT endpoint installed base in 2020, before contracting to 32 per cent by the end of 2023.

The report stated 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.

The report predicted 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.

Largest addressable market

“Cameras deployed by city operators or used to ensure building security and provide intruder detection offers the largest addressable market as they are located outdoors, often across cities, and require cellular connectivity,” said Stephanie Baghdassarian, senior research director at Gartner.

He added, “5G capabilities open up new enterprise market opportunities, so communications service providers (CSPs) need to assess the many use cases with a view to prioritizing investment in the building of IoT solutions. Their investments should focus on outdoor surveillance cameras, connected cars, and government and physical security.”

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