Market Overview:
The global internet of things (IoT) in smart cities market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market was valued at US$ 9,584.8 Mn in 2017 and is projected to reach US$ 38,711.9 Mn by 2030. The growth of the global IoT in smart cities market can be attributed to the increasing demand for smart city services across the globe. The global IoT in smart cities market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into satellite network, cellular network, RFID, NFC and Wi-Fi among others. Cellular network held a dominant share of 71% in terms revenue contribution to overall IoT in Smart Cities Market In 2017 And Is Expected To Reach A Value Of Us$ 26 814 Mn By 2030 Followed By Satellite Network Segment Which Is Projected To Grow At A Cagr Of 17%. On The Basis Of Application , Traffic Management Held A Largest Share In Terms Revenue Contribution To Overall Iot In Smart Cities Market In 2017 And Is Expected To Reach A Value Of Us$ 10 792Mn By 2030 Followed By Infrastructure Management .
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Product Definition:
The internet of things (IoT) is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity that enables these objects to interact with humans and other objects. The IoT allows Smart Cities to optimize resources and better manage their citizens through data analytics and machine learning. For example, by tracking traffic flow data in real-time, transportation officials can adjust signal timing to improve traffic flow; by monitoring energy use patterns in buildings, officials can make changes in cooling or heating schedules that save energy; and by tracking water usage in real-time, operators can detect leaks sooner saving both water and money.
Satellite Network:
Satellite network is a communication system using satellites to deliver data from one point to another. It is used in various applications such as weather monitoring, navigation, and so on. The technology has evolved over time with the introduction of new systems and services such as mobile phones, internet access, video conferencing & web hosting among others.
Cellular Network:
Cellular network is the set of air interface protocols that enable mobile communication. It includes 2G, 3G, and 4G technologies. The global cellular network market size was valued at USD 859 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period owing to increasing demand for data services along with voice calls.
Application Insights:
The application segment is segregated into traffic, infrastructure management, building automation, energy management, smart city services and others. The traffic application is anticipated to be the fastest-growing segment over the forecast period owing to its ability to optimize road networks for efficiency and safety. Moreover, satellite IoT technology provides real-time information on vehicle locations which enables efficient use of roads by enabling drivers¢â‚¬â„¢ awareness about the vehicles traveling ahead of them.
Building automation offers a number of advantages including energy savings through lighting control systems that adjust room lighting according to patterns defined by users; security features such as motion detectors that trigger an alarm if a person or animal enters a particular area; and temperature controls for maintaining comfortable conditions in buildings during hot summer months or cold winter months based on user requirements. Increasing demand from end users coupled with growing adoption across industries are expected drive growth over the forecast period.
Regional Analysis:
The North American region is anticipated to lead the global market in terms of revenue. The growth can be attributed to the increasing government initiatives and investments in building smart cities across U.S. For instance, according to a white paper published by the Federal Communications Commission (FCC) titled “A New Vision for Smart Citiesâ€, it has been observed that over 1 million devices are expected to connect with municipal infrastructure through 5G network by 2025 which will enhance IoT applications in urban areas across U.S.
Asia Pacific is projected to register significant growth during the forecast period owing to increasing adoption of IoT solutions for energy management.
Growth Factors:
- Increasing demand for smart city solutions from municipal governments and city planners to improve the quality of life for citizens through enhanced efficiency, sustainability, and security.
- Proliferation of low-cost sensors and connected devices, combined with the development of innovative data analytics capabilities, is making it easier and more affordable for cities to deploy IoT-based solutions across a wide range of applications.
- The growing number of "smart city" pilots and deployments is providing valuable experience and lessons learned that can be shared among cities worldwide, accelerating the deployment of IoT in smart cities globally.
- Advances in communication technologies such as 5G are expected to play a key role in supporting large-scale IoT deployments in smart cities by enabling faster data transmission speeds, lower latency, and higher reliability needed for critical applications such as traffic management or public safety systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things (IoT) in Smart Cities Market Research Report
By Type
Satellite Network, Cellular Network, Rfid, Nfc, Wi-Fi, Others
By Application
Traffic, Infrastructure Management, Building Automation, The Energy Management, Smart City Services
By Companies
BOSCH SOFTWARE INNOVATION, CISCO SYSTEMS, HUAWEI TECHNOLOGIES, IBM, INTEL, HARMAN INTERNATIONAL INDUSTRIES, ENEVO OY TECHNOLOGIES, INFINEON TECHNOLOGIES, SAP SE, SCHNEIDER ELECTRIC SOFTWARE, SYMANTEC, THINGWORX (PTC), VERIZON
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things (IoT) in Smart Cities Market Report Segments:
The global Internet of Things (IoT) in Smart Cities market is segmented on the basis of:
Types
Satellite Network, Cellular Network, Rfid, Nfc, Wi-Fi, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Traffic, Infrastructure Management, Building Automation, The Energy Management, Smart City Services
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BOSCH SOFTWARE INNOVATION
- CISCO SYSTEMS
- HUAWEI TECHNOLOGIES
- IBM
- INTEL
- HARMAN INTERNATIONAL INDUSTRIES
- ENEVO OY TECHNOLOGIES
- INFINEON TECHNOLOGIES
- SAP SE
- SCHNEIDER ELECTRIC SOFTWARE
- SYMANTEC
- THINGWORX (PTC)
- VERIZON
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Highlights of The Internet of Things (IoT) in Smart Cities Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Satellite Network
- Cellular Network
- Rfid
- Nfc
- Wi-Fi
- Others
- By Application:
- Traffic
- Infrastructure Management
- Building Automation
- The Energy Management
- Smart City Services
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet of Things (IoT) in Smart Cities Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Internet of Things (IoT) is a network of physical devices, vehicles, buildings and other objects that are interconnected to share data. IoT enables these devices to communicate with each other and with the internet, allowing them to be controlled remotely. This can allow cities to monitor traffic conditions or energy usage, for example.
Some of the key players operating in the internet of things (iot) in smart cities market are BOSCH SOFTWARE INNOVATION, CISCO SYSTEMS, HUAWEI TECHNOLOGIES, IBM, INTEL, HARMAN INTERNATIONAL INDUSTRIES, ENEVO OY TECHNOLOGIES, INFINEON TECHNOLOGIES, SAP SE, SCHNEIDER ELECTRIC SOFTWARE, SYMANTEC, THINGWORX (PTC), VERIZON.
The internet of things (iot) in smart cities market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things (IoT) in Smart Cities Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet of Things (IoT) in Smart Cities Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things (IoT) in Smart Cities Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet of Things (IoT) in Smart Cities Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet of Things (IoT) in Smart Cities Market Size & Forecast, 2020-2028
4.5.1 Internet of Things (IoT) in Smart Cities Market Size and Y-o-Y Growth
4.5.2 Internet of Things (IoT) in Smart Cities Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Satellite Network
5.2.2 Cellular Network
5.2.3 Rfid
5.2.4 Nfc
5.2.5 Wi-Fi
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Traffic
6.2.2 Infrastructure Management
6.2.3 Building Automation
6.2.4 The Energy Management
6.2.5 Smart City Services
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things (IoT) in Smart Cities Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet of Things (IoT) in Smart Cities Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Satellite Network
9.6.2 Cellular Network
9.6.3 Rfid
9.6.4 Nfc
9.6.5 Wi-Fi
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Traffic
9.10.2 Infrastructure Management
9.10.3 Building Automation
9.10.4 The Energy Management
9.10.5 Smart City Services
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Satellite Network
10.6.2 Cellular Network
10.6.3 Rfid
10.6.4 Nfc
10.6.5 Wi-Fi
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Traffic
10.10.2 Infrastructure Management
10.10.3 Building Automation
10.10.4 The Energy Management
10.10.5 Smart City Services
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Satellite Network
11.6.2 Cellular Network
11.6.3 Rfid
11.6.4 Nfc
11.6.5 Wi-Fi
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Traffic
11.10.2 Infrastructure Management
11.10.3 Building Automation
11.10.4 The Energy Management
11.10.5 Smart City Services
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Satellite Network
12.6.2 Cellular Network
12.6.3 Rfid
12.6.4 Nfc
12.6.5 Wi-Fi
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Traffic
12.10.2 Infrastructure Management
12.10.3 Building Automation
12.10.4 The Energy Management
12.10.5 Smart City Services
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Satellite Network
13.6.2 Cellular Network
13.6.3 Rfid
13.6.4 Nfc
13.6.5 Wi-Fi
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Traffic
13.10.2 Infrastructure Management
13.10.3 Building Automation
13.10.4 The Energy Management
13.10.5 Smart City Services
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet of Things (IoT) in Smart Cities Market: Competitive Dashboard
14.2 Global Internet of Things (IoT) in Smart Cities Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BOSCH SOFTWARE INNOVATION
14.3.2 CISCO SYSTEMS
14.3.3 HUAWEI TECHNOLOGIES
14.3.4 IBM
14.3.5 INTEL
14.3.6 HARMAN INTERNATIONAL INDUSTRIES
14.3.7 ENEVO OY TECHNOLOGIES
14.3.8 INFINEON TECHNOLOGIES
14.3.9 SAP SE
14.3.10 SCHNEIDER ELECTRIC SOFTWARE
14.3.11 SYMANTEC
14.3.12 THINGWORX (PTC)
14.3.13 VERIZON
