Surveillance cameras installed outside of business offices, homes, In-vehicles, toll devices, streets and other public places including rural and urban areas, people are adopting high-tech security surveillance and the demand continuously increasing day day-by-day. According to Gartner’s prediction, Outdoor surveillance cameras market for 5G IoT will be on top over the next three years.
Stephanie Baghdassarian, senior research director at Gartner, said 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 offers the largest addressable market as they are located outdoors, often across cities, and require cellular connectivity.
5G technology exploring new market opportunities for communications service providers (CSPs), there is a need to assess the many use cases with a view to prioritizing investment towards the development of IoT solutions.
5G IoT Endpoint Installed Base, Worldwide, 2020 and 2023 (Thousands of Units)
| Segment | 2020 Volume | 2020 Market Share (%) | 2023 Volume | 2023 Market Share (%) |
| Connected cars — embedded (consumer and commercial) | 393 | 11 | 19,087 | 39 |
| Outdoor surveillance cameras | 2,482 | 70 | 15,762 | 32 |
| Fleet telematics devices | 135 | 4 | 5,146 | 11 |
| In-vehicle toll devices | 50 | 1 | 1,552 | 3 |
| Emergency services | 61 | 2 | 1,181 | 2 |
| Others | 400 | 11 | 5,863 | 12 |
| Total | 3,522 | 100 | 48,590 | 100 |
Data Source: Gartner (October 2019)
These outdoor security surveillance is like built-in baby sitter, it gives you real-time monitoring access, if you are away from the live feed device, you can replay saved video files to get important insights.
Indian market exploring further business opportunities, there is a high demand for security surveillance cameras from hospitals, hotels, call centers, retails stores, government offices, public transports, and offices.
Full Report: “Market Trends: 5G Opportunities in IoT for Communications Service Providers.”
Read More:
- Present-day scenario of surveillance industry in India [Interview]
- Latest Advancement In The Field of IP Surveillance, How Business Are Taking Advantage of It? [Interview]
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