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IoT in Smart Cities Market Size will Reach $1,315.4 Billion by 2030, Rising by 20.4%

IoT in Smart Cities Market

This 178-page report, “IoT in Smart Cities: Global Market 2020-2030 by Offering (Hardware, Software, Services), Product Type, Technology, Application (Citizen Service, Transportation, Utilities, Home & Building), and Region,” is highlighted by 85 tables and 90 figures and is based on an in-depth analysis of the entire global smart cities IoT market and all of its sub-segments. Premium primary and secondary information sources are used to create in-depth research and evaluation, with input coming from business specialists working throughout the value chain.

5G and the Internet of Things (IoT) are key enablers for smart cities. Due to new technical developments and an increase in government efforts for smart cities, the global IoT market for smart cities will reach $1,315.4 billion by 2030, rising by 20.4% annually between 2020–2030.

The study uses 2019 as the foundation year for forecasts from 2020 to 2030 and is based on research from 2016 to 2019. (Please note that the report will be updated before to delivery to ensure that the forecast includes at least 5 years beyond the base year and the most recent historical year serves as the base year.)

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The following elements are identified and examined in-depth qualitative analyses:

Porter’s Five Forces: Market Structure, Growth Drivers, Obstacles and Challenges, Emerging Product Trends and Market Opportunities

By taking COVID-19 into consideration, the trend and prognosis for the global market are predicted with an upbeat, fair-minded, and cautious viewpoint. The worldwide IoT market for smart cities is estimated using the balanced (likely) forecast from the angles of offering, product type, technology, application, and region.

Based on Offering, the worldwide market is divided into the following sub-markets, each of which includes annual revenue ($ mn) for 2019–2030.

Hardware
Software
Services
• Professional Services
• Managed Services

Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Remote Monitoring
• Network & Application Security
• Data Management
• Real-Time Streaming Analytics
• Network Management
• Network Security
• Other Product Types

Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Satellite Network
• Cellular Network
• Radio Frequency Identification
• Near Field Communication
• Wi-Fi

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

Smart Transportation
Smart Utilities
Smart Home & Building
Smart Citizen Service
• Smart Education
• Smart Healthcare
• Emergency Response System
• Public Safety System
• Assisted Living Solution
• Other Citizen Services
Environmental Monitoring
Other Applications

Geographically, the following regions together with the listed national/local markets are fully investigated:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further split into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
In Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• America, North (U.S., Canada, and Mexico)
Latin America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Detailed analysis and statistics for yearly revenue ($ mn) for each of the aforementioned regions and nations are provided for the years 2019 through 2030. There is also a breakdown of the major national markets by Offering, Product Type, and Application during the anticipated years, as well as a breakdown of the regional markets by country.

The study also analyses the present competition landscape, the anticipated trend, and it provides profiles of major suppliers, including both established market leaders and significant up-and-coming companies.

Through AMR’s Risk Assessment System, possible risks related to investing in the global IoT market for smart cities are evaluated both statistically and subjectively. Critical Success Factors (CSFs) are developed based on the risk analysis and assessment as a guide to assist investors and shareholders in identifying new possibilities, managing and minimising risks, developing suitable business models, and making informed strategies and choices.

Key Players (this list may not be exhaustive; other businesses may be included upon request):

Bosch Software Innovation Gmbh
Cisco Systems, Inc.
Hitachi Ltd
Honeywell International Inc.
Huawei Technologies Co., Ltd
IBM Corporation
Intel Corporation
Quantela
Sap Se
Schneider Electric Software, LLC
Siemens AG
Sierra Wireless
Tech Mahindra