IoT In Smart Cities Market size worth $ 735 Billion, Globally, by 2030 at 23.04% CAGR: Verified Market Research®

Various factors such as an increase in adoption of IoT technology for infrastructure management and city monitoring and exponential rise in urban population are expected to drive the adoption of IoT in smart cities solutions and services.

JERSEY CITY, N.J., Aug. 8, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "IoT In Smart Cities Market" By Offering (Solution, Services), By Application (Smart Transportation, Smart Building), and By Geography. According to Verified Market Research, the IoT In Smart Cities Market size was valued at USD 112 Billion in 2021 and is projected to reach USD 735 Billion by 2030, growing at a CAGR of 23.04% from 2022 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=261673

Browse in-depth TOC on "IoT In Smart Cities Market"

202 - Pages

126 – Tables

37 – Figures

Global IoT In Smart Cities Market Overview

Globally the demand for IoT services has accumulated at a speedy rate within the past few years. The introduction of the latest technologies supported by IoT platforms and the rising integration of IoT services have boosted the demand in this market. Moreover, rising government programs for smart cities are taken into account as a key sector for the expansion of this market.

The introduction of advanced technologies and their inclusion in most sectors have been big at a big rate within the past few years. Customers today like the victimization of advanced technologies, that are acting as a vital growth driver in this market. Governments in each developed and developing region are currently taking bear in mind to build smart cities, therefore, growing the demand considerably during this market. Moreover, the implementation of IoT services helps in providing higher and advanced security solutions and monitoring assets from a remote location with no physical presence. Considering the above-named factors, there are remunerative growth opportunities in this market which will accelerate the market's growth within the coming years.

Key Developments

• June 2020, Siemens AG, a German multi-industry company, joined hands with Salesforce Inc. to develop a new workplace technology. The solution will help companies to offer a safer experience to their employees after reopening worldwide.

Key Players

The major players in the market are Cisco, Intel, IBM, Huawei, Tech Mahindra, Microsoft, Honeywell, Bosch Software Innovations, Siemens, PTC, ARM, Schneider Electric, and Quantela.

Verified Market Research has segmented the Global IoT In Smart Cities Market On the basis of Offering, Application, and Geography.

• IoT In Smart Cities Market, By Offering
• Solution
• Services
• IoT In Smart Cities Market, By Application
• Smart Transportation
• Smart Building
• Smart Citizen
• Others
• IoT In Smart Cities Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Smart Offices Market Size By Office Type (Retrofit Offices and New Construction Offices), By Product (Smart Lighting/Lighting Controls, Security Systems), By Communication Technology (Wireless Technologies, Wired Technologies), By Geography, Forecast, 2021-2028

Smart Cities Market By Focus Area (Smart Transportation, Smart Buildings, Smart Utilities, and Smart Citizen Services), By Smart Transportation (Solutions and Services), By Smart Citizen Service (Public safety, Smart healthcare, Smart education, Smart Street Lighting, and e-Governance), By Geography, Forecast, 2021-2028

Smart City ICT Infrastructure Market By Type (Smart Grid, Smart Logistics, Smart Transport, Smart Water Network, Smart Building, Smart Education, Others), By Geography, Forecast, 2021-2028

Smart City & Connected City Solutions Market By Product (Smart Grid, Smart Building, Smart Water Network, Smart Healthcare, Smart Education, Smart Security, Smart Transport), By Application (Passenger Car, Commercial Vehicle), By Geography, Forecast, 2021-2028

Top 7 Biosensor Companies developing best biosensors technology

Visualize IoT In Smart Cities Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/iot-in-smart-cities-market-size-worth--735-billion-globally-by-2030-at-23-04-cagr-verified-market-research-301601483.html

SOURCE Verified Market Research