Internet of Things in Smart Cities Market: A Look at the Industry's Current and Future State

A Global Internet of Things in Smart Cities Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Internet of Things in Smart Cities industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Internet of Things in Smart Cities market, this study covers qualitative and quantitative aspects of the Internet of Things in Smart Cities market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.

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.

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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Internet of Things in Smart Cities industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Internet of Things in Smart Cities industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Internet of Things in Smart Cities industry.

Radical Highlights of the Internet of Things in Smart Cities Market Report:

Comprehensive overview of the Internet of Things in Smart Cities market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Internet of Things in Smart Cities market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Internet of Things in Smart Cities market expected to boost the growth of the industry in the coming years.

Internet of Things in Smart Cities Market Segmentation:

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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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Internet of Things in Smart Cities market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled 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

Regional Landscape section of the Internet of Things in Smart Cities report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Additional information offered by the report:

Along with a complete overview of the global Internet of Things in Smart Cities market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Internet of Things in Smart Cities market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

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Highlights of Table of Contents (TOC):

Overview of Global Internet of Things in Smart Cities Market
Competitive analysis of the Internet of Things in Smart Cities market
Regional analysis of Global Internet of Things in Smart Cities market production and revenue
Regional analysis of Global Internet of Things in Smart Cities market supply, consumption, and export & import
Type-based market analysis of global Internet of Things in Smart Cities production, revenue, and price trends
Application-based analysis of the global Internet of Things in Smart Cities market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Internet of Things in Smart Cities market
Conclusion of the research report
Appendix

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