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Exploring New 5G Opportunities for IoT Applications

Outdoor surveillance cameras will be the largest market for 5G wireless Internet of Things (IoT) solutions worldwide over the next three years, according to the latest global market study by Gartner.

The municipal deployed surveillance camera market will represent 70 percent of the 5G IoT endpoint installed base in 2020, before contracting to 32 percent by the end of 2023.

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.

5G IoT Applications Market Development

"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.

According to the Gartner assessment, 5G capabilities open up new enterprise market opportunities, so communications service providers (CSPs) must assess the use cases to prioritize investment in IoT solutions development.

In 2023, the automotive industry will become the largest market opportunity for 5G IoT solutions. It will represent 53 percent of the overall 5G IoT endpoint opportunity in that year.

Within the automotive sector, embedded connected-car modules are the largest use case. 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 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 Ms. Baghdassarian.

Commercial and consumer connected-car embedded 5G endpoints will represent 11 percent of all 5G endpoints installed in 2020, and this will reach 39 percent by the end of 2023. In addition, the share of connected cars actively connected to a 5G service will grow from 15 percent in 2020 to 74 percent in 2023.

This growth will reach 94 percent in 2028, when 5G technology will be used for Cellular V2X communications that enable messaging within vehicles and between vehicles, infrastructure, pedestrians, cyclists and more.

Outlook for 5G IoT Use Case Demand Growth

Ultimately, automobiles that are actively connected to a 5G wireless service will help to keep traffic moving and improve road safety.

"As the automotive industry will be the largest sector for IoT endpoints and 5G IoT use cases in the long term, we recommend that CSPs that want to be relevant in the 5G IoT market put this industry at the forefront of their investments. They should do this in terms of personnel who understand the sector and of partnerships that will move the market forward," concluded Ms. Baghdassarian.

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