IoT market will be dominated by CCTV in the next three years

Date

CCTV using 5G will be the most dominant technology in the IoT solutions market over the next three years, ICT analyst Gartner has predicted

However, the firm also believes that after the year 2023, connected cars will be the most prevalent in the Internet of Things market.

The figures

Next year, CCTV will account for 70% of the 5G IoT endpoint installed bases. This said it’s thought the number will drop by over half to just 32% by 2023. It also implies that the number of CCTV cameras installed across the world will grow from 2.5 million in 2020 to 6.2 million in 2021 which will rise to 11.2 million in 2022.

The results are also a comment on the increased use of CCTV and security issues that may occur due to this.

Stephanie Badhdassarian, senior research director at Gartner, comments on the use of 5G in CCTV. She 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 impact on the IoT market

Connected cars are forecast to have 19 million installations in the next three years and will account for just over a third of the IoT sales.

“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 researcher added.

Other technologies that Gartner feels will play a part in the IoT markets, is fleet telematics devices which will total 5.1 million and is part of the 11% previously mentioned.

 

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