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Iot In Smart Cities Market

IoT in Smart Cities Market

by Component (Hardware, Software and Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), and Application (Smart Transportation, Smart Building, Smart Utilities, Smart Resident Services, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A13168
Pages: NA
Nov 2022 | 983 Views
Author(s) : Vineet K
Tables: NA
Charts: NA
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IoT in Smart Cities Market Insights- 2030

Internet of things (IoT) refers to the fast-growing usage of electronic devices. These devices are used to communicate and interact with others using internet connection and can be monitored and controlled remotely. This technology offers new opportunities for cities to use data to manage traffic, control pollution, make better use of infrastructure and keep residents safe and clean. IoT has the potential to overcome the pressure of urbanization, creating a fresh experience for city residents and make day-to-day living more comfortable and secure. IoT in smart cities will help the residents to access to water, clean air, sanitation, and waste management. Connected internet technologies and big data can create smart cities solutions, which can be used to solve problems, increase the quality of life for citizens, and help to lower the consumption of resources.

IoT in Smart Cities Market Scope and Structure Analysis

Report Metric


  Market size available for years


  Base year considered


  Forecast period


  Forecast unit

  Value ($)

  Segments covered

Component, Deployment Model, Enterprise Size, Application, and Region

   Regions Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Cisco Systems Inc., Intel Corporation, Huawei Technologies Co. Ltd., Microsoft Corporation, Tech Mahindra Ltd., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Arm Limited, Verizon Communications Inc.


Impact of COVID-19 on IoT in Smart Cities Market-

The COVID-19 pandemic has badly impacted the currently underway smart city projects. Lockdowns across the globe have highly affected the manpower, distribution chain, logistics, low production, and high cost of hardware, impacting the growth of the market. However, in the long term, to cope with the challenges of overpopulation and maintaining social distancing in public places in densely populated urban cities, governments are entering into partnerships with companies to focus on smart services for surveillance.

A smart city can provide huge data that can be used in contact tracking, which might be helpful during emergency situations. IoT technology can help in maintaining cleanliness in the city and detect people without masks or not maintaining hygiene in public places. For instance, with the help of IoT technology, people were able to find the vacant beds in the COVID-19 hospitals. However, the post pandemic situation is anticipated to observe the market growth.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The rising demand for IoT service among various developing nations and introduction of new technologies based on IoT platform are the key factors, which propel the growth of the IoT in smart cities market. In addition, governments from various countries are undertaking multiple smart cities initiatives to offer various advanced services to their citizens, which propel the market growth. However, lack of advancements in communication technology and poor operational efficiency restrain the market growth. Furthermore, implementation of IoT services helps in delivering better and advanced security solutions and examines assets from remote location without any physical presence provides lucrative opportunities to the growth of the market.

The market trends for IoT in smart cities market are as follows:

Implementation of the latest 5G technology

The rise in implementation of 5G technology and its developing infrastructure is offering high opportunities for various functions. This technology offers ultra-low latency, ultra-high speeds, and connects many devices at a time. The technology is capable of improving the operational effectiveness of IoT and smart city services. It provides high-capacity data and fast connection, thus providing real-time support to the smart city solutions in order to examine the behavior of residents, infrastructure, and connected devices. In addition, government and IoT technology providers across the globe are focusing on implementing 5G infrastructure. For instance, the government of India is focusing on developing 5G infrastructure for smart cities.

Asia-Pacific is expected to lead the market during the forecast period

Asia-Pacific is expected to have the highest market growth during the forecast period. Rising awareness about the latest technology and adoption of IoT devices in the region have increased business productivity and attracted businesses to provide smart services in the region leading to Asia-Pacific becoming a highly potential market. The countries in this region have undertaken significant steps to adopt IoT in smart cities solutions and services to satisfy the needs of data quality and governance in large enterprises and small & medium enterprises.

Key segments covered


Sub segments


  1. Hardware
  2. Software 
  3. Services

  Deployment Model

  1. On-Premises
  2. Cloud

  Enterprise Size

  1. Large Enterprises
  2. Small & Medium Enterprises


  1. Smart Transportation
  2. Smart Building
  3. Smart Utilities
  4. Smart Resident Services
  5. Others


Key benefits of the report

  • This study presents analytical depiction of the IoT in smart cities market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions answered in the IoT in smart cities market research report

  • Which are the leading players active in the IoT in smart cities market?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?

IoT in Smart Cities Market Report Highlights

Aspects Details
By Offering
  • Solutions
  • Services
By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
By Application
  • Smart Transportation
  • Smart Building
  • Smart Utilities
  • Smart Citizen Services
Key Market Players Cisco Systems Inc (Cisco), IBM Corporation, Huawei Technologies Co.Ltd, Intel Corporation, Microsoft Corporation, Robert Bosch Gmbh, PTC, Siemens AG, Verizon Communications, Honeywell International Inc.

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