IoT in Smart Cities Market by Solution (Remote Monitoring, Network Management, Analytics, RTLS, Security), Service, Application (Smart Transportation, Buildings, Utilities, Healthcare and Public Safety), and Region - Global Forecast to 2023

IoT in Smart Cities Market by Solution (Remote Monitoring, Network Management, Analytics, RTLS, Security), Service, Application (Smart Transportation, Buildings, Utilities, Healthcare and Public Safety), and Region - Global Forecast to 2023

Increasing number of government initiatives and PPP models for smart cities is expected to drive the overall growth of the IoT in smart cities market across the globe
The Internet of Things (IoT) in smart cities market is projected to grow from USD 79.5 billion in 2018 to USD 219.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.5% from 2018 to 2023. The major factors driving the growth of the IoT in smart cities market are the increasing number of government initiatives and PPP models for smart cities, improvements in the communication infrastructure that are brought by IoT and rising adoption of connected and smart technologies in smart cities initiatives. However, lack of knowledge among people about IoT and huge initial investments required for the setup are hindering the market growth.

Among solutions, the reporting and analytics segment is expected to grow at the highest rate during the forecast period
The reporting and analytics segment is expected to be the segment with the highest CAGR among solutions during the forecast period, owing to the rising adoption of connected and smart technologies involved in the implementation of IoT in smart cities solutions. These services help in driving the productivity and efficiency of government services, thereby enabling governments to build a time-efficient system and take informed decisions.

The APAC region is expected to grow at the highest CAGR in the IoT in smart cities market during the forecast period
The Asia Pacific (APAC) region is projected to have the highest CAGR among all the regions covered, during the forecast period. This growth is primarily driven by the favorable government initiatives taken in the region to adopt the latest technologies and the increasing focus on efficient government services. There has also been an enormous growth in the number of PPP models for smart cities in the region, leading to increase in smart city projects in the region. Moreover, the rising adoption of connected and smart technologies in the cities is also leading to the growth of the APAC market for IoT in smart cities market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IoT in smart cities market.

• By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
• By Designation: C-level – 45%, Directors – 30%, and Others – 25%
• By Region: North America – 30%, Europe – 35%, Asia Pacific – 20%, and RoW – 15%

The major vendors of IoT in smart cities solutions and services include Cisco (US), IBM (US), Intel (US), Huawei (China), Microsoft (US), Tech Mahindra (India), Honeywell (US), Siemens (Germany), Bosch Software Innovations (Germany), PTC (US), Schneider Electric (US), ARM (UK), Quantela (US), Sierra Wireless (Canada), and Hitachi (Japan). The study included an in-depth competitive analysis of these key players with their company profiles, recent developments, and key growth strategies adopted by them.

Research coverage
The market study covers the IoT in smart cities market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on offerings (solutions and services), applications, and region. In addition, the study also includes key use cases, industry trends, key influencing factors such as drivers, restraints, opportunities, and challenges. Furthermore, the study also highlights the competitive landscape and in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall IoT in smart cities market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
      • MARKET SEGMENTATION
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015–2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • BREAKUP OF PRIMARY PROFILES
      • KEY INDUSTRY INSIGHTS
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
    • MARKET FORECAST
      • Table FACTORS ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT IN SMART CITIES MARKET
    • IOT IN SMART CITIES MARKET, BY OFFERING, 2018–2023
    • IOT IN SMART CITIES MARKET, BY SOLUTION, 2018–2023
    • IOT IN SMART CITIES MARKET, BY SERVICE, 2018–2023
    • IOT IN SMART CITIES MARKET, BY APPLICATION, 2018–2023
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • USE CASES
    • ECOSYSTEM ANALYSIS
      • SMART TRANSPORTATION
      • SMART BUILDINGS
      • SMART UTILITIES
      • SMART CITIZEN SERVICES
  • IOT IN SMART CITIES MARKET, BY OFFERING
    • INTRODUCTION
      • Table IOT IN SMART CITIES MARKET SIZE, BY OFFERING, 2016–2023 (USD BILLION)
    • SOLUTIONS
      • RAPID DIGITALIZATION TO INCREASE THE DEMAND FOR IOT SOLUTIONS
        • Table SOLUTIONS: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • SERVICES
      • REQUIREMENT OF HIGHLY CUSTOMIZED SOLUTIONS AND NEED TO FOCUS ON CORE OPERATIONS TO DRIVE THE MARKET OF SERVICES SEGMENT
        • Table SERVICES: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • IOT IN SMART CITIES MARKET, BY SOLUTION
    • INTRODUCTION
      • Table IOT IN SMART CITIES MARKET SIZE, BY SOLUTION, 2016–2023 (USD BILLION)
    • REMOTE MONITORING
      • NEED FOR MONITORING DIVERSE FACILITIES TO INCREASE THE DEMAND FOR REMOTE MONITORING SOLUTION
        • Table REMOTE MONITORING: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • REAL-TIME LOCATION SYSTEM
      • MEA TO SHOW HIGH GROWTH FOR REAL-TIME LOCATION SYSTEM
        • Table REAL-TIME LOCATION SYSTEM: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • NETWORK MANAGEMENT
      • DEMAND FOR NETWORK MANAGEMENT SOLUTION TO BE HIGH IN NORTH AMERICA
        • Table NETWORK MANAGEMENT: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • SECURITY
      • CYBER-ATTACKS ON SMART CITIES INFRASTRUCTURE TO RAISE THE DEMAND FOR SECURITY SOLUTION
        • Table SECURITY: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • DATA MANAGEMENT
      • NEED TO MANAGE DATA FROM VARIOUS APPLICATIONS TO DRIVE THE MARKET OF DATA MANAGEMENT
        • Table DATA MANAGEMENT: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • REPORTING AND ANALYTICS
      • NEED TO TRANSLATE RAW DATA INTO USEFUL INFORMATION INCREASED THE DEMAND FOR REPORTING AND ANALYTICS SOLUTION
        • Table REPORTING AND ANALYTICS: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • IOT IN SMART CITIES MARKET, BY SERVICE
    • INTRODUCTION
      • Table IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
    • PROFESSIONAL SERVICES
      • Table PROFESSIONAL SERVICES: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • Table IOT IN SMART CITIES MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD BILLION)
      • CONSULTING
        • Table CONSULTING: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • DEPLOYMENT AND SYSTEM INTEGRATION
        • Table DEPLOYMENT AND SYSTEM INTEGRATION: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • MANAGED SERVICES
      • INCREASING ADOPTION OF OUTSOURCED IOT SERVICES TO DRIVE THE MANAGED SERVICES MARKET
        • Table MANAGED SERVICES: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • IOT IN SMART CITIES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table IOT IN SMART CITIES MARKET SIZE, BY APPLICATION, 2016–2023 (USD BILLION)
    • SMART TRANSPORTATION
      • RAPID INCREASE IN TRAFFIC CONGESTION TO CREATE A DEMAND FOR IOT
        • Table SMART TRANSPORTATION: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • SMART BUILDING
      • COMMERCIAL BUILDINGS TO RAPIDLY IMPLEMENT IOT SOLUTIONS FOR OPTIMIZING THEIR ENERGY CONSUMPTION
        • Table SMART BUILDING: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • SMART UTILITIES
      • INCREASING FOCUS ON OPTIMIZING RESOURCES WITH MINIMAL DOWNTIME AND WASTAGE TO INCREASE THE DEMAND FOR IOT SOLUTIONS
        • Table SMART UTILITIES: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • SMART CITIZEN SERVICES
      • Table SMART CITIZEN SERVICES: IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • Table SMART CITIZEN SERVICES: IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
      • EDUCATION
        • Table EDUCATION MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • HEALTHCARE
        • Table HEALTHCARE MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • PUBLIC SAFETY
        • Table PUBLIC SAFETY MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • IOT IN SMART CITIES MARKET, BY REGION
    • INTRODUCTION
      • Table IOT IN SMART CITIES MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY OFFERING, 2016–2023 (USD BILLION)
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY SOLUTION, 2016–2023 (USD BILLION)
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD BILLION)
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY APPLICATION, 2016–2023 (USD BILLION)
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY SMART CITIZEN SERVICE, 2016–2023 (USD BILLION)
      • Table NORTH AMERICA: IOT IN SMART CITIES MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY OFFERING, 2016–2023 (USD BILLION)
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY SOLUTION, 2016–2023 (USD BILLION)
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY PROFESSIONAL SERVICE 2016–2023 (USD BILLION)
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY APPLICATION, 2016–2023 (USD BILLION)
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY SMART CITIZEN SERVICE, 2016–2023 (USD BILLION)
      • Table EUROPE: IOT IN SMART CITIES MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: IOT IN SMART CITIES MARKET SIZE, BY OFFERING, 2016–2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT IN SMART CITIES MARKET SIZE, BY SOLUTION, 2016–2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT IN SMART CITIES MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT IN SMART CITIES MARKET SIZE, BY SMART CITIZEN SERVICE, 2016–2023 (USD BILLION)
      • Table ASIA PACIFIC: IOT IN SMART CITIES MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • CHINA
      • JAPAN
      • SINGAPORE
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY OFFERING, 2016–2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY SOLUTION, 2016–2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY APPLICATION, 2016–2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY SMART CITIZEN SERVICE, 2016–2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: IOT IN SMART CITIES MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • KINGDOM OF SAUDI ARABIA
      • ISRAEL
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY OFFERING, 2016–2023 (USD BILLION)
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY SOLUTION, 2016–2023 (USD BILLION)
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY SERVICE, 2016–2023 (USD BILLION)
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD BILLION)
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY APPLICATION, 2016–2023 (USD BILLION)
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY SMART CITIZEN SERVICE, 2016–2023 (USD BILLION)
      • Table LATIN AMERICA: IOT IN SMART CITIES MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS FOR THE IOT IN SMART CITIES MARKET
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2016–2018
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2017–2018
      • AGREEMENTS/PARTNERSHIPS
        • Table AGREEMENTS/PARTNERSHIPS, 2016–2018
  • COMPANY PROFILES
    • IBM
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CISCO
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTEL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HUAWEI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TECH MAHINDRA
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • HONEYWELL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • BOSCH SOFTWARE INNOVATIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • PTC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SCHNEIDER ELECTRIC
    • ARM
    • QUANTELA
    • SIERRA WIRELESS
    • HITACHI
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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