Internet of Things in Smart Cities Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast

 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 Global Internet of Things in Smart Cities Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Internet of Things in Smart Cities market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Internet of Things in Smart Cities industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Internet of Things in Smart Cities market.

 

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 The leading market contenders listed in the report are:

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

Key reasons to buy the Global Internet of Things in Smart Cities Market report:

  1. The latest report comprehensively studies the global Internet of Things in Smart Cities market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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 Market Segmentations of the Internet of Things in Smart Cities Market

  • Offering Outlook (Revenue, USD Billion; 2019–2032)

    • Solutions
      1. Remote Monitoring
      2. Real-Time Location System
      3. Network Management
      4. Security
      5. Data Management
      6. Reporting & Analytics
    • Services
      1. Professional Services
      2. Consulting
      3. Deployment & System Integration
      4. Support & Maintenance
      5. Managed Services

  • Application Outlook (Revenue, USD Billion; 2019–2032)

    • Smart Transportation
    • Smart Building
    • Smart Utilities
    • Smart Citizen Services
      1. Education
      2. Healthcare
      3. Public Safety

  • Regional Outlook (Revenue, USD Billion, 2019–2032)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest Of MEA

 

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 Regional Outlook of the Internet of Things in Smart Cities Market

The global Internet of Things in Smart Cities market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Internet of Things in Smart Cities market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key reasons to buy the Global Internet of Things in Smart Cities Market report:

  1. The latest report comprehensively studies the global Internet of Things in Smart Cities market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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