Internet of Things in Smart Cities Market Share, Key Market Players, Trends & Forecast, 2021–2032

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The global Internet of Things (IoT) in smart cities market size is expected to reach USD 874.03 Billion in 2032, and register a steady revenue CAGR of 19.0% during the forecast period, according to latest analysis by Emergen Research. Exponential rise in urban population resulting in need for smart management is a major factor driving IoT in smart cities market revenue growth. For instance, 3.42 billion individuals reside in rural areas of the world as of 2021, compared to 4.46 billion who live in urban areas. From 751 million in 1950 to 4.46 billion in 2021, the global urban population has increased quickly. By 2050, it is expected to reach 6.68 billion, with an additional 2.22 billion individuals living in urban areas. Asia and Africa are expected to account for 90% of the increase in the global urban population between 2021 and 2050. Since 1950, the global rural population has been slowly increasing, and it is predicted to reach a peak in 2021. By 2050, there will be 3.1 billion fewer individuals living in rural areas across the globe.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Internet of Things in Smart Cities market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Internet of Things in Smart Cities market landscape.

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Key companies operating in the Internet of Things in Smart Cities market include:

Cisco Systems, Inc., IBM, Microsoft, Huawei Technologies Co., Ltd., Intel Corporation, Siemens, Hitachi, Ltd., Schneider Electric, Tech Mahindra Limited, Honeywell International Inc

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Internet of Things in Smart Cities market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Internet of Things in Smart Cities Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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Internet of Things in Smart Cities Market Segmentation:

Offering Outlook (Revenue, USD Billion; 2019–2032)
Solutions
Remote Monitoring
Real-Time Location System
Network Management
Security
Data Management
Reporting & Analytics
Services
Professional Services
Consulting
Deployment & System Integration
Support & Maintenance
Managed Services
Application Outlook (Revenue, USD Billion; 2019–2032)
Smart Transportation
Smart Building
Smart Utilities
Smart Citizen Services
Education
Healthcare
Public Safety
Regional Outlook (Revenue, USD Billion, 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest Of MEA
 

Internet of Things in Smart Cities Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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