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IoT in Smart Cities Market by Offerings Solutions (Remote Monitoring, Real-time Location System, Data Management, Reporting and analytics, Security, Network Management) by Services (Professional Services (Consulting, System Integration and Deployment, Support and Maintenance) Managed Services) by Application (Smart Transportation, Smart Building, Smart Utilities, Smart Citizen Services, Education, Healthcare, Public Safety)- Growth, Future Prospects And Competitive Analysis, 2016 – 2028

Summary
Table Of Content

IoT in Smart Cities Market Analysis

The worldwide IoT in the smart cities market is expected to proliferate over the next decade. Various factors will be driving this trend. This includes the increased deployment of IoT for managing infrastructure and monitoring cities. Also, the rapid increase in the population of urban areas is projected to increase the use of IoT for smart cities.

The covid-19 epidemic has had a significant impact on all walks of life. It has changed markets as well as customer behavior. Moreover, it continues to impact economies and societies. Governments, utilities, media, telecommunications, and healthcare are working to restore economies and organizations so things can return to normal. In particular, the global telecom industry is endeavoring to support and expand the digital infrastructure across various countries during the pandemic.

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Global IoT in the Smart Cities market is expected to witness a CAGR of 13.86% during the forecast period. The global IoT in Smart Cities market in 2021 was over USD 130.56 million and is expected to generate revenue worth USD 355.53 million in 2028. The incremental growth opportunity offered by the global IoT in Smart Cities is estimated to be USD 1.75 trillion between 2022 and 2028.

Interesting Facts about IoT in Smart Cities Industry
At present, there are more than 250 innovative city projects undergoing around the world.
5G implementation is poised to play a significant role in the growth of IoT in the Smart Cities industry
Currently, there are more than 4.3 billion internet users, which makes IoT in Smart Cities the most attractive industry
IoT is all set to transform intelligent buildings and transportation in Smart Cities.
However, cyber security is a significant threat to the growth of IoT in Smart Cities.

Growing Demand for Connected Smart Cities

According to surveys, offline organizations had to endure more losses than online organizations owing to the pandemic. On the other hand, online organizations saw increased online demand, which boosted their revenue. A large percentage of business executives belonging to online organizations have said that their business revenue has improved following the covid-19 outbreak. On the other hand, over half of the offline organizations said that they experienced declining revenue. There is a significant demand for IoT-based intelligent city solutions from different sectors. Smart cities can leverage network connectivity, security, cloud, analytics, and big data using IoT-based solutions.

Wide-Ranging Applications of IoT in Smart Cities

IoT is now being utilized across different fields in smart city applications like intelligent citizen services and smart utilities. As a result, the growth of smart cities will increase during the outbreak. This is because regulatory authorities in different countries focus on their citizens’ living standards, safety, and health. Therefore, vendors of IoT solutions need to manage IoT devices deployed in different cities to be able to exploit the management features of their platforms.

Solutions to Dominate Global Market

Solutions and Services are significant segments of IoT in the Smart Cities market by offering. The solutions segment dominated the total revenue generation by IoT in the intelligent cities industry in 2021. Solutions can be further segmented as Remote Monitoring, Real-time Location systems, Data Management, Reporting and analytics, Security, and Network Management. In contrast, the services segment is segmented as Professional Services, Consulting, System Integration and Deployment, and Support and Maintenance.

Smart Building & Transportation to Lead

Smart Transportation, Smart Building, Smart Utilities, and Smart Citizen Services are some of the major application areas of IoT in smart cities. Smart Transportation and Smart Building collectively held over 35% share in 2021. The intelligent citizen services segment can be further subdivided into Education, Healthcare, and Public Safety.

Amalgamation Smart Cities with Various Technologies

The market dynamics are being shaped by the rise in smart technologies and connected solutions in smart city initiatives. The smart city environment is being managed with various technologies such as AI, data communications, mobility, cloud, and IoT, which are now critical components of city infrastructures. Furthermore, the increased deployment of such technologies in the past few years allows better connectivity. As a result, the smart city ecosystem is undergoing a radical transformation and continuous evolution.

From the technological point of view, interest is growing in various emerging technologies. As a result, digital technologies like cybersecurity, IoT, data analytics, machine learning, and deep learning will significantly influence the development of smart city projects around the world in the next decade.

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5G is Poised to Play Major Role

The implementation of 5G technology, in particular, is poised to fuel the rise of smart cities. Thanks to IoT and 5G connectivity advancements, cities, and urban centers are now becoming autonomous and self-governing. The system gathers data from different sources for smart transportation and transmits it to a centralized system over the cloud. Such technologies will help enrich the lives of citizens residing in intelligent cities. AGT Group GmbH, Appyway, Arm Ltd., Cisco Systems Inc., Confidex Ltd., Deutsche Telekom AG, Enevo Inc., FlamencoTech Technology Solutions Pvt. Ltd, Hitachi Ltd., Honeywell International Inc., Huawei Technologies Co.Ltd, IBM Corporation, Intel Corporation, Microsoft Corporation, Optibus Ltd., PTC, Quantela, Robert Bosch GmbH, SAP SE, Schneider Electric, Siemens AG, Sierra Wireless, Signify Ltd., Takadu Ltd., Tech Mahindra Ltd., Verizon Communications and Youon Technology Co., Ltd. are some of the major players operating in IoT in Smart Cities market around the world.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global IoT in Smart Cities Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global IoT in Smart Cities Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Offering
3.3.2. Application
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Offerings
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global IoT in Smart Cities Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America IoT in Smart Cities Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Solutions
6.2.2.1. Remote Monitoring
6.2.2.2. Real-time Location System
6.2.2.3. Data Management
6.2.2.4. Reporting and analytics
6.2.2.5. Security
6.2.2.6. Network Management
6.2.3. Services
6.2.4. Professional Services
6.2.4.1. Consulting
6.2.4.2. System Integration and Deployment
6.2.4.3. Support and Maintenance
6.2.5. Managed Services
6.3. North America IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Smart Transportation
6.3.3. Smart Building
6.3.4. Smart Utilities
6.3.5. Smart Citizen Services
6.3.5.1. Education
6.3.5.2. Healthcare
6.3.5.3. Public Safety

7. Europe
7.1. Europe IoT in Smart Cities Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Spain
7.1.7. Belgium
7.1.8. Netherland
7.1.9. Austria
7.1.10. Sweden
7.1.11. Poland
7.1.12. Denmark
7.1.13. Switzerland
7.1.14. Rest of Europe
7.2. Europe IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Solutions
7.2.2.1. Remote Monitoring
7.2.2.2. Real-time Location System
7.2.2.3. Data Management
7.2.2.4. Reporting and analytics
7.2.2.5. Security
7.2.2.6. Network Management
7.2.3. Services
7.2.4. Professional Services
7.2.4.1. Consulting
7.2.4.2. System Integration and Deployment
7.2.4.3. Support and Maintenance
7.2.5. Managed Services
7.3. Europe IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Smart Transportation
7.3.3. Smart Building
7.3.4. Smart Utilities
7.3.5. Smart Citizen Services
7.3.5.1. Education
7.3.5.2. Healthcare
7.3.5.3. Public Safety

8. Asia Pacific
8.1. Asia Pacific IoT in Smart Cities Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Solutions
8.2.2.1. Remote Monitoring
8.2.2.2. Real-time Location System
8.2.2.3. Data Management
8.2.2.4. Reporting and analytics
8.2.2.5. Security
8.2.2.6. Network Management
8.2.3. Services
8.2.4. Professional Services
8.2.4.1. Consulting
8.2.4.2. System Integration and Deployment
8.2.4.3. Support and Maintenance
8.2.5. Managed Services
8.3. Asia Pacific IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Smart Transportation
8.3.3. Smart Building
8.3.4. Smart Utilities
8.3.5. Smart Citizen Services
8.3.5.1. Education
8.3.5.2. Healthcare
8.3.5.3. Public Safety

9. Latin America
9.1. Latin America IoT in Smart Cities Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Solutions
9.2.2.1. Remote Monitoring
9.2.2.2. Real-time Location System
9.2.2.3. Data Management
9.2.2.4. Reporting and analytics
9.2.2.5. Security
9.2.2.6. Network Management
9.2.3. Services
9.2.4. Professional Services
9.2.4.1. Consulting
9.2.4.2. System Integration and Deployment
9.2.4.3. Support and Maintenance
9.2.5. Managed Services
9.3. Latin America IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Smart Transportation
9.3.3. Smart Building
9.3.4. Smart Utilities
9.3.5. Smart Citizen Services
9.3.5.1. Education
9.3.5.2. Healthcare
9.3.5.3. Public Safety

10. Middle East
10.1. Middle East IoT in Smart Cities Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Solutions
10.2.2.1. Remote Monitoring
10.2.2.2. Real-time Location System
10.2.2.3. Data Management
10.2.2.4. Reporting and analytics
10.2.2.5. Security
10.2.2.6. Network Management
10.2.3. Services
10.2.4. Professional Services
10.2.4.1. Consulting
10.2.4.2. System Integration and Deployment
10.2.4.3. Support and Maintenance
10.2.5. Managed Services
10.3. Middle East IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Smart Transportation
10.3.3. Smart Building
10.3.4. Smart Utilities
10.3.5. Smart Citizen Services
10.3.5.1. Education
10.3.5.2. Healthcare
10.3.5.3. Public Safety

11. Africa
11.1. Africa IoT in Smart Cities Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Solutions
11.2.2.1. Remote Monitoring
11.2.2.2. Real-time Location System
11.2.2.3. Data Management
11.2.2.4. Reporting and analytics
11.2.2.5. Security
11.2.2.6. Network Management
11.2.3. Services
11.2.4. Professional Services
11.2.4.1. Consulting
11.2.4.2. System Integration and Deployment
11.2.4.3. Support and Maintenance
11.2.5. Managed Services
11.3. Africa IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Smart Transportation
11.3.3. Smart Building
11.3.4. Smart Utilities
11.3.5. Smart Citizen Services
11.3.5.1. Education
11.3.5.2. Healthcare
11.3.5.3. Public Safety

12. Global
12.1. Global IoT in Smart Cities Market, by Offering, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Solutions
12.1.2.1. Remote Monitoring
12.1.2.2. Real-time Location System
12.1.2.3. Data Management
12.1.2.4. Reporting and analytics
12.1.2.5. Security
12.1.2.6. Network Management
12.1.3. Services
12.1.4. Professional Services
12.1.4.1. Consulting
12.1.4.2. System Integration and Deployment
12.1.4.3. Support and Maintenance
12.1.5. Managed Services
12.2. Global IoT in Smart Cities Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Smart Transportation
12.2.3. Smart Building
12.2.4. Smart Utilities
12.2.5. Smart Citizen Services
12.2.5.1. Education
12.2.5.2. Healthcare
12.2.5.3. Public Safety

13. Company Profiles
13.1. AGT Group GmbH
13.2. Appyway
13.3. Arm Ltd.
13.4. Cisco Systems Inc.
13.5. Confidex Ltd.
13.6. Deutsche Telekom AG
13.7. Enevo Inc.
13.8. FlamencoTech Technology Solutions Pvt. Ltd
13.9. Hitachi Ltd.
13.10. Honeywell International Inc.
13.11. Huawei Technologies Co.Ltd
13.12. IBM Corporation
13.13. Intel Corporation
13.14. Microsoft Corporation
13.15. Optibus Ltd.
13.16. PTC
13.17. Quantela
13.18. Robert Bosch GmbH
13.19. SAP SE
13.20. Schneider Electric
13.21. Siemens AG
13.22. Sierra Wireless
13.23. Signify Ltd.
13.24. Takadu Ltd.
13.25. Tech Mahindra Ltd.
13.26. Verizon Communications
13.27. Youon Technology Co., Ltd.
13.28. Others

List of Figures

FIG. 1 Global IoT in Smart Cities Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global IoT in Smart Cities Market Segmentation
FIG. 4 Global IoT in Smart Cities Market, by Offering, 2019 (US$ Bn)
FIG. 5 Global IoT in Smart Cities Market, by Application, 2021 (US$ Bn)
FIG. 6 Global IoT in Smart Cities Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key IoT in Smart Cities Market Manufacturers, 2019
FIG. 9 Global IoT in Smart Cities Market Value Contribution, By Offering, 2021 & 2028 (Value %)
FIG. 10 Global IoT in Smart Cities Market, by Solutions, Value, 2016-2028 (US$ Bn)
FIG. 11 Global IoT in Smart Cities Market, by Services, Value, 2016-2028 (US$ Bn)
FIG. 12 Global IoT in Smart Cities Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 13 Global IoT in Smart Cities Market, by Smart Transportation, Value, 2016-2028 (US$ Bn)
FIG. 14 Global IoT in Smart Cities Market, by Smart Building, Value, 2016-2028 (US$ Bn)
FIG. 15 Global IoT in Smart Cities Market, by Smart Utilities, Value, 2016-2028 (US$ Bn)
FIG. 16 Global IoT in Smart Cities Market, by Smart Citizen Services, Value, 2016-2028 (US$ Bn)
FIG. 17 U.S. IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 18 Rest of North America IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 19 U.K. IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 20 Germany IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 21 France IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 22 Italy IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 23 Spain IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 24 Russia IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 25 BENELUX IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 26 Poland IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 27 Austria IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 28 Rest of Europe IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 29 Japan IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 30 China IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 31 India IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 32 South Korea IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 33 Australia IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 34 Southeast Asia IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 35 Rest of Asia Pacific IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 36 Middle East & Africa IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 37 South Africa IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 38 Nigeria IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 39 Egypt IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 40 GCC IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 41 Israel IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 42 Latin America IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 43 Mechanicalzil IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 44 Argentina IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 45 Colombia IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 46 Peru IoT in Smart Cities Market, 2016-2028 (US$ Bn)
FIG. 47 Chile IoT in Smart Cities Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (IoT in Smart Cities) Market
TABLE 2 Global IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 3 Global IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global IoT in Smart Cities Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 6 North America IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 North America IoT in Smart Cities Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 9 Europe IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 Europe IoT in Smart Cities Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific IoT in Smart Cities Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 15 Latin America IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 16 Latin America IoT in Smart Cities Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 18 Middle East IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Middle East IoT in Smart Cities Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa IoT in Smart Cities Market, by Offering, 2016-2028 (US$ Bn)
TABLE 21 Africa IoT in Smart Cities Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 Africa IoT in Smart Cities Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently asked questions

How COVID 19 Impacted IoT in Smart Cities Market?

Likewise other industries, COVID 19 also taken a toll on IoT in Smart Cities market with around -18.54% decline in its revenue in 2020 as compare to 2019

Which is the leading regional market for IoT in Smart Cities?

North America is the largest regional market with highest share in the total revenue generation of IoT in Smart Cities consumed in 2021

What is the major growth driving factors for global IoT in Smart Cities market?

Ever increasing smart city projects coupled with rising usage of connected technology and IoT in smart city projects is primarily fuelling the demand for IoT in Smart Cities

Which is major segment in IoT in Smart Cities market by Offering?

Solutions segment dominated the IoT in Smart Cities market in 2021 with over 60% share

Which is major segment in IoT in Smart Cities market by application?

Smart Buildings and Smart Transportation was the largest application of IoT in Smart Cities in 2021 with over 35% share

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