Product Code: r7478
“IoT in Smart Cities Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on iot in smart cities market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for iot in smart cities ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The iot in smart cities market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 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
- Companies Mentioned: Cisco Systems Inc.; Intel Corporation; The International Business Machines Corporation; Huawei Technologies Co; Tech Mahindra Limited.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the IoT in smart cities market are Cisco Systems Inc., Intel Corporation, The International Business Machines Corporation, Huawei Technologies Co, Tech Mahindra Limited., Microsoft Corporation, Honeywell International Inc., Bosch Global Software Technologies Private Limited., Siemens Incorporation., PTC Inc., ARM Inc. ., Schneider Electric SE, Deutsche Telekom AG, Hitachi Ltd., and SAP SE.
The global IoT in smart cities market 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 IoT in smart cities market is expected to reach $402.48 billion in 2027 at a CAGR of 20.4%.
The IoT in smart cities market consists of revenue earned by entities IoT services such as infrastructure management, transportation, energy management, and building automation. The market value includes the value of related goods sold by the service provider or included within the service offering. IoT in the smart cities market also includes the sale of sensors, lights, and meters to monitor and analyze data. The IoT in smart cities market also includes sales of processors, smart meters, streetlights and microcontrollers equipment which are used in providing IoT in smart cities services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The IT market is segmented into IT services; computer hardware; telecom and software products.
The Internet of Things (IoT) in smart cities refers to a network of physical devices, vehicles, buildings, and other objects that are embedded with sensors, software, and network connectivity, which enables them to collect and exchange data, within the region of a smart city. It is used to connect various components of the urban infrastructure and create a seamless, efficient, and smart sustainable environment.
Asia-Pacific was the largest region in the IoT in smart cities market in 2022. The regions covered in IoT in smart cities report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main IoT in smart cities component types are solutions, and services. IoT (Internet of Things) solutions in smart cities refer to the employment of connected devices and sensors to gather and analyze data to improve the efficiency, sustainability, and livability of urban environments. The various technologies includes Bluetooth, cellular network, rfid, and others applied in smart building, smart healthcare, smart energy, smart transportation, public safety, smart infrastructure, and others.
The growing implementation of 5G technology is expected to propel the growth of the IoT in the smart cities market going forward. The 5G technology is the fifth generation of cellular technology used for making wireless services faster, less abrupt, and more flexible. 5G technology will act as a key propeller of IoT in smart cities, offering a platform to link an enormous range of sensors and actuators with strict energy efficiency and data transmission. Thus, the growing implementation of 5G technology will propel the growth of the IoT in the smart cities market. For instance, in March 2023, according to the 5G subscribers data published by Mobile Suppliers Association, a UK-based, non-profit organization associated with the mobile communication industry, 1.15 billion 5G subscribers were recorded as of December 2022, up from 619 million as the same time in December 2021, representing 85.9% year on year growth. Therefore, the growing implementation of 5G technology will drive the development of the IoT in the smart cities market.
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.
In January 2022, Marston Holdings Ltd., a United Kingdom-based company providing integrated technology-enabled solutions, acquired Vortex IoT Limited for an undisclosed amount. With this acquisition, Marston will be more capable of providing complementary air quality and acoustic monitoring solutions that raise awareness, locate regions of excessive pollution, and improve public health by adding Vortex to its portfolio. Vortex IoT Limited is a UK-based company that offers a platform as a Service, air quality monitoring, air pollution, sensing as a service, and vehicle-to-infrastructure IoT solutions within smart city premises and network.
The countries covered in the IoT in smart cities market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resale along the supply chain, either further along the supply chain or as part of other products.
The IoT in smart cities market research report is one of a series of new reports from The Business Research Company that provides iot in smart cities market statistics, including iot in smart cities industry global market size, regional shares, competitors with a iot in smart cities market share, detailed iot in smart cities market segments, market trends and opportunities, and any further data you may need to thrive in the iot in smart cities industry. This iot in smart cities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. IoT in Smart Cities Market Characteristics
3. IoT in Smart Cities Market Trends And Strategies
4. IoT in Smart Cities Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On IoT in Smart Cities Market
- 4.2. Ukraine-Russia War Impact On IoT in Smart Cities Market
- 4.3. Impact Of High Inflation On IoT in Smart Cities Market
5. IoT in Smart Cities Market Size And Growth
- 5.1. Global IoT in Smart Cities Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global IoT in Smart Cities Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. IoT in Smart Cities Market Segmentation
- 6.1. Global IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solutions
- Services
- 6.2. Global IoT in Smart Cities Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Bluetooth
- Cellular Network
- RFID
- Other Technologies
- 6.3. Global IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Smart Building
- Smart Healthcare
- Smart Energy
- Smart Transportation
- Public Safety
- Smart Infrastructure
- Other Applications
7. IoT in Smart Cities Market Regional And Country Analysis
- 7.1. Global IoT in Smart Cities Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global IoT in Smart Cities Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific IoT in Smart Cities Market
- 8.1. Asia-Pacific IoT in Smart Cities Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China IoT in Smart Cities Market
- 9.1. China IoT in Smart Cities Market Overview
- 9.2. China IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India IoT in Smart Cities Market
- 10.1. India IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan IoT in Smart Cities Market
- 11.1. Japan IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia IoT in Smart Cities Market
- 12.1. Australia IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia IoT in Smart Cities Market
- 13.1. Indonesia IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea IoT in Smart Cities Market
- 14.1. South Korea IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe IoT in Smart Cities Market
- 15.1. Western Europe IoT in Smart Cities Market Overview
- 15.2. Western Europe IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK IoT in Smart Cities Market
- 16.1. UK IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany IoT in Smart Cities Market
- 17.1. Germany IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France IoT in Smart Cities Market
- 18.1. France IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe IoT in Smart Cities Market
- 19.1. Eastern Europe IoT in Smart Cities Market Overview
- 19.2. Eastern Europe IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia IoT in Smart Cities Market
- 20.1. Russia IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America IoT in Smart Cities Market
- 21.1. North America IoT in Smart Cities Market Overview
- 21.2. North America IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA IoT in Smart Cities Market
- 22.1. USA IoT in Smart Cities Market Overview
- 22.2. USA IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America IoT in Smart Cities Market
- 23.1. South America IoT in Smart Cities Market Overview
- 23.2. South America IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil IoT in Smart Cities Market
- 24.1. Brazil IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East IoT in Smart Cities Market
- 25.1. Middle East IoT in Smart Cities Market Overview
- 25.2. Middle East IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa IoT in Smart Cities Market
- 26.1. Africa IoT in Smart Cities Market Overview
- 26.2. Africa IoT in Smart Cities Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa IoT in Smart Cities Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. IoT in Smart Cities Market Competitive Landscape And Company Profiles
- 27.1. IoT in Smart Cities Market Competitive Landscape
- 27.2. IoT in Smart Cities Market Company Profiles
- 27.2.1. Cisco Systems Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Intel Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. The International Business Machines Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Huawei Technologies Co
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Tech Mahindra Limited.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The IoT in Smart Cities Market
29. IoT in Smart Cities Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer