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IoT in Smart Cities Market: By Offering By Solution By Services By Application and Region Forecast 2019-2030
IoT in Smart Cities Market: By Offering By Solution By Services By Application and Region Forecast 2019-2030
IoT in Smart Cities Market size is valued at US$ 138.2 billion in 2023 and is poised to grow at a CAGR of 18.7% from 2024 to 2030. The global market provides a detailed overview of the IoT in the smart cities market and that can be segmented by offering, solution, services, and application. By offering, the IoT in the smart cities market has been segmented into solutions and services. The solutions segment is likely to be the largest and fastest-growing segment in terms of solutions. Based on the solution, the IoT in the smart cities market is segmented into data management, network management, real-time location system, remote monitoring, reporting and analytics and security. Among these, the data management segment is expected to have the fastest-growing market during the forecast period 2022-2028. By services, the market is segregated into managed services and professional services. Managed services are likely to be the fastest-growing segment in the market.
In addition, professional services are further segmented into consulting, support and maintenance, and system integration and deployment. Based on application, the market is segmented into smart buildings, smart citizen services, smart transportation, and smart utilities. The smart building is expected to hold the largest market share during the estimated period.
Study Period
2024-2030Base Year
2023CAGR
18.7%Largest Market
N/AFastest Growing Market
Asia-Pacific
The demand for smart security systems, such as PIDS, is growing in tandem with the rapid expansion of IoT and smart city programs (Perimeter Intrusion Detection System). Furthermore, to ensure correct metering and avoid waste, a great emphasis is placed on effective energy management solutions. Suppliers of IoT technology are being urged to contribute to smart city transportation infrastructure to enable proper monitoring and management, cut carbon emissions, and improve route planning and optimization.
Asia Pacific market is expected to witness the highest market share during the forecast period. The expansion of the IoT in smart cities market in this area has been propelled by fast digitization across many verticals, increasing usage of smart connected devices, and rising technological advancements. The economies of the United States and Canada are both stable and well-established, allowing them to invest heavily in R&D and so contribute to the development of new technology. Network operators in this region are consistently investing in expanding and upgrading their telecom networks, as well as transitioning to 5G infrastructure using technologies like cloud edge computing and network slicing, accelerating the adoption of IoT in smart cities for low-cost, strategic urban management.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 138.2 billion |
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Market CAGR |
18.7% |
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By Offering |
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By Solution |
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By Services |
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By Application |
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By Region |
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The iot in smart cities market size was valued at US$ 138.2 billion in 2023 and is set to grow at a significant CAGR of 18.7% from 2024-2030.
The major players in the global market are AGT International (Zurich, Switzerland), Cisco Systems, Inc. (California, United States), Hitachi High-Tech Corporation (Tokyo, Japan), Huawei Technologies Co., Ltd. (Shenzhen, China), IBM Corporation (New York, United States), Intel Corporation (California, United States), Microsoft Corporation (Washington, United States), Qualcomm Technologies, Inc. (California, United States), Quantela Inc. (California, United States), Robert Bosch GbmH (Gerlingen, Germany), SAP SE (Walldorf, Germany) and Schneider Electric Infrastructure Ltd. (Rueil-Malmaison, France).etc.
The Asia Pacific is the fastest-growing region for market
| 1. Executive Summary |
| 2. Global IoT in Smart Cities Market Introduction |
| 2.1. Global IoT in Smart Cities Market - Taxonomy |
| 2.2. Global IoT in Smart Cities Market -Definitions |
| 2.2.1. Offering |
| 2.2.2. Solution |
| 2.2.3. Services |
| 2.2.4. Application |
| 3. Global IoT in Smart Cities Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global IoT in Smart Cities Market Dynamic Factors - Impact Analysis |
| 3.6. Global IoT in Smart Cities Market - Competition Landscape |
| 4. Global IoT in Smart Cities Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global IoT in Smart Cities Market, By Offering, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 5.1. Solutions |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Services |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global IoT in Smart Cities Market, By Solution, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 6.1. Data Management |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Network Management |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Real-Time Location System |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Remote Monitoring |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Reporting and Analytics |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Security |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global IoT in Smart Cities Market Forecast, By Services, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 7.1. Managed Services |
| 7.1.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Professional Services |
| 7.2.1. Consulting |
| 7.2.1.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.1.3. Market Opportunity Analysis |
| 7.2.2. Support and Maintenance |
| 7.2.2.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.2.3. Market Opportunity Analysis |
| 7.2.3. System Integration and Deployment |
| 7.2.3.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3.3. Market Opportunity Analysis |
| 8. Global IoT in Smart Cities Market Forecast, By Application, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 8.1. Smart Building |
| 8.1.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Smart Citizen Services |
| 8.2.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Smart Transportation |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Smart Utilities |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Global IoT in Smart Cities Market Forecast, By Region, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global IoT in Smart Cities Market - Opportunity Analysis Index, By Offering, Solution, Services, Application and Region, 2024 - 2030 |
| 10. North America IoT in Smart Cities Market Analysis, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 10.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Solutions |
| 10.1.2. Services |
| 10.2. Solution Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Data Management |
| 10.2.2. Network Management |
| 10.2.3. Real-Time Location System |
| 10.2.4. Remote Monitoring |
| 10.2.5. Reporting and Analytics |
| 10.2.6. Security |
| 10.3. Services Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Managed Services |
| 10.3.2. Professional Services |
| 10.3.2.1. Consulting |
| 10.3.2.2. Support and Maintenance |
| 10.3.2.3. System Integration and Deployment |
| 10.4. Application Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Smart Building |
| 10.4.2. Smart Citizen Services |
| 10.4.3. Smart Transportation |
| 10.4.4. Smart Utilities |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. U.S. |
| 10.5.2. Canada |
| 10.6. North America IoT in Smart Cities Market - Opportunity Analysis Index, By Offering, Solution, Services, Application and Country, 2024 - 2030 |
| 10.7. North America IoT in Smart Cities Market Dynamics - Trends |
| 11. Europe IoT in Smart Cities Market Analysis, 2019 - 2023 and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 11.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Solutions |
| 11.1.2. Services |
| 11.2. Solution Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Data Management |
| 11.2.2. Network Management |
| 11.2.3. Real-Time Location System |
| 11.2.4. Remote Monitoring |
| 11.2.5. Reporting and Analytics |
| 11.2.6. Security |
| 11.3. Services Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Managed Services |
| 11.3.2. Professional Services |
| 11.3.2.1. Consulting |
| 11.3.2.2. Support and Maintenance |
| 11.3.2.3. System Integration and Deployment |
| 11.4. Application Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Smart Building |
| 11.4.2. Smart Citizen Services |
| 11.4.3. Smart Transportation |
| 11.4.4. Smart Utilities |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Poland |
| 11.5.8. Rest of Europe |
| 11.6. Europe IoT in Smart Cities Market - Opportunity Analysis Index, By Offering, Solution, Services, Application and Country, 2024 - 2030 |
| 11.7. Europe IoT in Smart Cities Market Dynamics - Trends |
| 12. Asia-Pacific IoT in Smart Cities Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 12.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Solutions |
| 12.1.2. Services |
| 12.2. Solution Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Data Management |
| 12.2.2. Network Management |
| 12.2.3. Real-Time Location System |
| 12.2.4. Remote Monitoring |
| 12.2.5. Reporting and Analytics |
| 12.2.6. Security |
| 12.3. Services Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Managed Services |
| 12.3.2. Professional Services |
| 12.3.2.1. Consulting |
| 12.3.2.2. Support and Maintenance |
| 12.3.2.3. System Integration and Deployment |
| 12.4. Application Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Smart Building |
| 12.4.2. Smart Citizen Services |
| 12.4.3. Smart Transportation |
| 12.4.4. Smart Utilities |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific IoT in Smart Cities Market - Opportunity Analysis Index, By Offering, Solution, Services, Application and Country,2024 - 2030 |
| 12.7. Asia-Pacific IoT in Smart Cities Market Dynamics - Trends |
| 13. Latin America IoT in Smart Cities Market Analysis, 2019 - 2023and Forecast,2024 - 2030 (Revenue, USD Mn) |
| 13.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Solutions |
| 13.1.2. Services |
| 13.2. Solution Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Data Management |
| 13.2.2. Network Management |
| 13.2.3. Real-Time Location System |
| 13.2.4. Remote Monitoring |
| 13.2.5. Reporting and Analytics |
| 13.2.6. Security |
| 13.3. Services Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Managed Services |
| 13.3.2. Professional Services |
| 13.3.2.1. Consulting |
| 13.3.2.2. Support and Maintenance |
| 13.3.2.3. System Integration and Deployment |
| 13.4. Application Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Smart Building |
| 13.4.2. Smart Citizen Services |
| 13.4.3. Smart Transportation |
| 13.4.4. Smart Utilities |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Argentina |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America IoT in Smart Cities Market - Opportunity Analysis Index, By Offering, Solution, Services, Application and Country, 2024 - 2030 |
| 13.7. Latin America IoT in Smart Cities Market Dynamics - Trends |
| 14. Middle East and Africa IoT in Smart Cities Market Analysis, 2019 - 2023and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 14.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Solutions |
| 14.1.2. Services |
| 14.2. Solution Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Data Management |
| 14.2.2. Network Management |
| 14.2.3. Real-Time Location System |
| 14.2.4. Remote Monitoring |
| 14.2.5. Reporting and Analytics |
| 14.2.6. Security |
| 14.3. Services Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Managed Services |
| 14.3.2. Professional Services |
| 14.3.2.1. Consulting |
| 14.3.2.2. Support and Maintenance |
| 14.3.2.3. System Integration and Deployment |
| 14.4. Application Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Smart Building |
| 14.4.2. Smart Citizen Services |
| 14.4.3. Smart Transportation |
| 14.4.4. Smart Utilities |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. Israel |
| 14.5.3. South Africa |
| 14.5.4. Rest of MEA |
| 14.6. MEA IoT in Smart Cities Market - Opportunity Analysis Index, By Offering, Solution, Services,Application, and Country, 2024 - 2030 |
| 14.7. MEA IoT in Smart Cities Market Dynamics - Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Offering& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. AGT International (Zurich, Switzerland) |
| 15.2.2. Cisco Systems, Inc. (California, United States) |
| 15.2.3. Hitachi High-Tech Corporation (Tokyo, Japan) |
| 15.2.4. Huawei Technologies Co., Ltd. (Shenzhen, China) |
| 15.2.5. IBM Corporation (New York, United States) |
| 15.2.6. Intel Corporation (California, United States) |
| 15.2.7. Microsoft Corporation (Washington, United States) |
| 15.2.8. Qualcomm Technologies, Inc. (California, United States) |
| 15.2.9. Quantela Inc. (California, United States) |
| 15.2.10. Robert Bosch GbmH (Gerlingen, Germany) |
| 15.2.11. SAP SE (Walldorf, Germany) |
| 15.2.12. Schneider Electric Infrastructure Ltd. (Rueil-Malmaison, France) |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.