IoT In Smart City Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

IoT in smart cities market size is expected to grow from USD 113.1 billion in 2020 to USD 260.0 billion by 2027, at a (CAGR) of 18% during the forecast period.

Rising government initiatives and PPP models to provide advanced services to citizens, along with growing adoption of connected smart technologies are expected to drive the market growth. However, the lack of advancement in communication technology and the decrease in operational efficiency in developing countries are one of the factors hindering the growth of the industry.

The IoT In Smart City key players in this market include:

• IBM
• Cisco System
• PTC
• ARM
• Quantela
• Hitachi

By Type, the market is primarily split into

• Medical IoT
• Industrial IoT
• Aviation IoT
• Others

By Application, this report covers the following segments

• smart Transportation
• Smart Home
• Public Safety
• Others

Scope of the Report

The research study analyzes the global IoT In Smart City industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by IoT In Smart City Market Report

1. What was the IoT In Smart City Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of IoT In Smart City Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the IoT In Smart City Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.