"The IOT in smart cities market report describes the scenario of competition among industry players and provides a detailed look at the market of the future for aspiring and emerging industry players. The top key players in IOT in smart cities market are IBM, Cisco, Intel, Huawei, Microsoft, Tech Mahindra, Siemens, Bosch, PTC., Schneider Electric, ARM, Quantela, Hitachi & Moreover."
The global IoT in smart cities market size is projected to reach nearly USD 385.7 billion by 2028. Besides, it is projected to gather a CAGR of above 15% over the forecast years 2018-2028.
Analytics-based Administration in Agile Smart Cities Architecture Fuels IoT Integration
Smart cities are being aggressively planned and built to set at ease complex functionalities related to municipality operations and overall administration within cities for maximum dwelling ease. Cities across matured economies are increasingly incorporating smart city infrastructure to fast-track efficient decision making for longer sustainability backed by business analytics.
Advances smart city architecture is directing large scale reliance on IoT applications for seamless enablement. Attributes such as smart utilities, smart transportation, smart homes and the like are being efficiently maneuvered by IoT integration, thus cementing sustainable growth in global IoT in smart cities market.
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Smart city infrastructure is a highly agile affair with ample scope for high-speed networking, cloud integration. As IoT remains the backbone of smart cities architecture, end-user investments towards IoT device ownership is growing manifold, furthering growth in global IoT in smart cities market.
Emerging Nations Across APAC to Serve Ideal Growth Hotspots amidst Digital Transformation
Rapid digital transformation seeping into emerging nations across APAC is a significant torch bearer for growth capitalization of IoT in smart cities infrastructure. Digital transformation is offering quick fillip towards cementing sustainability in smart cities development backed by IoT adoption. IoT based smart cities development is growing as interests in low carbon-based model townships are being preferred. IoT based city administration is gaining mainstream as administrative bodies are relying on smart data generation to support environmental sustainability as urban population is rising at alarming rates. Rapidly growing urban population requires sophisticated administrative approaches for improved outcome. Factors as such are nurturing faster deployment of IoT in smart cities architecture.
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The major players of the global IoT in the smart cities market are IBM, Cisco, Intel, Huawei, Microsoft, Tech Mahindra, Siemens, Bosch, and PTC. Moreover, the market comprises several other prominent players in the IoT in the Smart Cities market that are Schneider Electric, ARM, Quantela, and Hitachi. The IoT in the smart cities market consists of well-established global as well as local players. Besides, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Segment Overview of Global IoT in smart cities Market
Offering Overview, 2018-2028 (USD Million)
Solution Overview, 2018-2028 (USD Million)
Real-Time Location System
Reporting and Analytics
Service Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
Smart Citizen Services
Regional Overview, 2018-2028 (USD Million)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
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What does the report include?
The study on the global IoT in smart cities market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the IoT in Smart Cities industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on solution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global IoT in the smart cities market. The report will benefit every stakeholder involved in the IoT in the smart cities market.
Managers within the IoT in the smart cities industry looking to publish recent and forecasted statistics about the global IoT in the smart cities market.
Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global IoT in the smart cities market.
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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Major Points from Table of Contents:
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.2 Value Chain Analysis
4.3 Market Dynamics
126.96.36.199 Growing number of government programmes
188.8.131.52 Growing acceptance of connected and smart technology
184.108.40.206 Lack of innovations in communications technologies
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 IoT in Smart Cities Market by Offering
Chapter 6 IoT in Smart Cities Market by Solutions
6.1.1 Remote Monitoring
6.1.2 Real-Time Location System
6.1.3 Network Management
6.1.5 Data Management
6.1.6 Reporting and Analytics
Chapter 7 IoT in Smart Cities Market by Services
7.1.1 Professional Services
7.1.2 Managed Services
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