The IoT in Smart Cities Global Market Report 2023, provides comprehensive information on the IoT in smart cities market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s IoT in Smart Cities Global Market Report 2023, the global IoT in smart cities market size is expected to grow from $159.21 billion in 2022 to $191.76 billion in 2023 at a compound annual growth rate (CAGR) of 20.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IoT in smart cities market size is expected to reach $402.48 billion in 2027 at a CAGR of 20.4%.

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The emergence of innovative solutions and services in IoT is a key trend in IoT in the smart cities market. The companies operating in the IoT in the smart cities market are focusing on innovative solutions and services in IoT to sustain their position in the market. For instance, in February 2020, Clovity, a US-based IT services company engaged in providing Internet of Things (IoT), Big Data, Artificial Intelligence (AI) & Machine Learning (ML) solutions, launched the CSensorNet Smart City Platform to deliver in Qualcomm Smart City Accelerator Program. The CSensorNet IoT platform from Clovity can enable "Smart Classrooms" with linked gadgets to promote interactive learning and development and "Digital Students" by linking to buildings, facilities, and online shopping. The Clovity IoT platform provides cutting-edge IoT solutions that use Qualcomm Technologies' technology. The program aims to hasten the adoption of new technologies that expanding cities require to succeed. Further promoting "Smart Administration," Clovity's platform will enable improved facility management, student engagement, transportation, and housing safety.

The IoT in smart cities market is segmented:

1) By Component: Solutions, Services

2) By Technology: Bluetooth, Cellular Network, RFID, Other Technologies

3) By Application: Smart Building, Smart Healthcare, Smart Energy, Smart Transportation, Public Safety, Smart Infrastructure, Other Applications

Asia-Pacific was the largest region in the IoT in smart cities market in 2022.

The table of contents in TBRC’s IoT in smart cities market report includes:

Executive Summary
IoT in Smart Cities Market Characteristics
IoT in Smart Cities Market Trends And Strategies
IoT in Smart Cities Market - Macro Economic Scenario
IoT in Smart Cities Market Size And Growth
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Africa IoT in Smart Cities Market
IoT in Smart Cities Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The IoT in Smart Cities Market
IoT in Smart Cities Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:

Cisco Systems Inc
Intel Corporation
The International Business Machines Corporation
Huawei Technologies Co
Tech Mahindra Limited
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