The surveillance cameras are everywhere, for manufacturing and operation industry surveillance cameras have become an integral part for enhanced security. The growing trend suggests the outdoor surveillance cameras will be the biggest market for the Internet of Things (IoT) with 5G internet speed.
Within the next three years, the whole market is expected to reach a new height as per the report by Garner Inc. These surveillance cameras will represent 70 percent of the 5G internet by the end of 2020.
The surveillance cameras are used to ensure building security, to locate indoor and outdoor activities, to secure connectivity, etc. those require continuous cellular connectivity for The car operations. By the end of 2023, the IoT endpoint will reach 49 million units as the automotive industry will become the largest market opportunity with 5G IoT solution.
The market is growing bigger and bigger day by day. The car industry is going to incorporate path-breaking automatic transmission technologies to enable the clutch and gear free driving; this can be possible with IoT embedded sensor devices. Automatic will be the preferred drive mode for new digital India.
A report by the market research agency shows 5G IoT endpoint installed base will increase to triple by the end of 2021. It will reach 11.3 million units in 2021 from 3.5 million units in 2020.
The use of embedded 5G IoT connections will be increased rapidly in the cars. Both commercial and consumer cars will start using embedded 5G endpoints, and this will represent 11 percent of the entire 5G endpoints installed by the end of 2020.
In the very same year, 15 percent IoT market will be consumed by the 5G connected cars, and it will be 74 percent by the end of 2023.
Sudipto is a Senior Content Developer at IoT Avenue who helped to build the content of the site along with several other sites with his compassionate SEO driven content. He is also a HubSpot, certified Content Marketer. He brings five years of experience to his current role, where he is dedicated to developing the content of different websites.
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