Connected cars is projected to become the largest segment of the global 5G Internet of Things (IoT) endpoint market, with an installed base market share of 39 percent by 2023, the equivalent to 19 million endpoints. The overall 5G IoT endpoint installed base is forecast to grow from 3.5 million in 2020 to around 49 million in 2023 worldwide.
Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment
Characteristic
Connected cars — embedded (consumer and commercial)
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Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment
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Gartner. (October 17, 2019). Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment [Graph]. In Statista. Retrieved April 20, 2025, from https://www.statista.com/statistics/1061207/5g-iot-endpoint-installed-base-by-segment-worldwide/
Gartner. "Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment." Chart. October 17, 2019. Statista. Accessed April 20, 2025. https://www.statista.com/statistics/1061207/5g-iot-endpoint-installed-base-by-segment-worldwide/
Gartner. (2019). Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment. Statista. Statista Inc.. Accessed: April 20, 2025. https://www.statista.com/statistics/1061207/5g-iot-endpoint-installed-base-by-segment-worldwide/
Gartner. "Market Share of 5g Internet of Things (Iot) Endpoint Installed Base Forecast Worldwide in 2020 and 2023, by Segment." Statista, Statista Inc., 17 Oct 2019, https://www.statista.com/statistics/1061207/5g-iot-endpoint-installed-base-by-segment-worldwide/
Gartner, Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment Statista, https://www.statista.com/statistics/1061207/5g-iot-endpoint-installed-base-by-segment-worldwide/ (last visited April 20, 2025)
Market share of 5G Internet of Things (IoT) endpoint installed base forecast worldwide in 2020 and 2023, by segment [Graph], Gartner, October 17, 2019. [Online]. Available: https://www.statista.com/statistics/1061207/5g-iot-endpoint-installed-base-by-segment-worldwide/
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