5G IoT endpoint to triple between 2020-21

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.

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, Gartner.

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,” said Baghdassarian.

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

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.

“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,” added Baghdassarian.

In addition, the share of 5G-connected cars actively connected to a 5G service will grow from 15% in 2020 to 74% in 2023. This figure will reach 94% in 2028, when 5G technology will be used for Cellular V2X communications that enable messages to be sent and received within vehicles and between vehicles, infrastructure, pedestrians, cyclists and more.

 

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