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IoT in Smart Cities Market Size – By Component (Hardware, Software and Services), By Connectivity Technology (Cellular Networks (4G, 5G), Low Power Wide Area Networks (LPWAN), Narrowband IoT (NB-IoT), Radio Frequency Identification (RFID), Near Field Communication (NFC), Bluetooth and Bluetooth Low Energy (BLE), Wi-Fi, Zigbee and Others), By Application (Transportation, Building, Utilities, Education, Healthcare, Public Safety), & Region – Global Forecasts 2024 - 2034.

  • PUBLISHED ON
  • 2024-10-15
  • NO OF PAGES
  • 295
  • CATEGORY
  • Information Communication & Technology

Market Overview

The IoT in Smart Cities market report is predicted to develop at a compound annual growth rate (CAGR) of 19.6% from 2024 to 2034, when global IoT in Smart Cities market forecast size is projected to reach USD 585.43 Billion in 2034, based on an average growth pattern. The global IoT in Smart Cities market revenue is estimated to reach a value of USD 145.72 Billion in 2024.


SOURCE: We Market Research

The market is growing rapidly, driven by the increasing adoption of smart city technologies to improve urban infrastructure, resource management, and overall quality of life. The market refers to the use of Internet of Things (IoT) technologies and solutions to enhance urban infrastructure, services, and environments. It involves the integration of connected devices, sensors, software, and communication technologies to gather and analyze data from various urban systems in real-time. This enables cities to improve efficiency, sustainability, safety, and the quality of life for residents through intelligent decision-making and automated responses. Applications of IoT in smart cities include areas such as traffic management, energy consumption, waste management, public safety, healthcare, environmental monitoring, and other municipal services.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 145.72 Billion

Market Forecast in 2034

USD 585.43 Billion

CAGR % 2024-2034

19.6%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Component, By Connectivity Technology, By Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Market: Dynamics & Restrains



Global IoT in Smart Cities Market Opportunity:

 

We Market Research: Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global IoT in Smart Cities market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.