Internet of Things (IoT) in Smart Cities Market by Solutions (Remote Monitoring, Data Management) Platform (Application & Device Management) Application (Building Automation, Energy Management, Transportation) - Global Forecast to 2020

The Internet of Things (IoT) in smart cities market is estimated to grow from USD 51.96 Billion in 2015 to USD 147.51 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period. IoT in smart cities refers to the modern human settlements with smarter utilization and deployment of available resources. IoT in smart cities can be correlated with economic stability and wise usage of natural resources to provide smart investments in human and social capital, along with transportation and modern communication infrastructures and a high quality of life to the citizens. The increasing adoption of IoT is driving this market; the IoT platforms segment is expected to grow higher than the IoT solutions segment during the forecast period. Presently, North America is the largest market for IoT in smart cities platform.

The report aims at estimating the market size and future growth potential of the IoT smart cities market across different segments, such as solution, technology, service, platform, application, and region. The years considered for the study are:

• Estimated Year – 2015
• Projected Year – 2020
• Forecast Period – 2015 to 2020

For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered.

The research methodology used to estimate and forecast the IoT smart cities market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the IoT in smart cities from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through primary research by conducting extensive interviews with key industry personnel, such as chief executive officers, vice presidents, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments.

The breakdown of profiles of primary discussion participants is depicted in the below figure:

Some of the key players in the IoT smart cities market ecosystem that offer solutions, technologies, platforms, services, and applications are given below:

Real-Time Streaming Analytics: Microsoft (Redmond, WA, U.S.), SAP (Walldorf, Germany), Amazon Web Services (Seattle, WA, U.S.), and many more

IoT Platform: PTC (ThingWorx) (Exton, U.S.), ClearBlade Inc. (Texas, U.S.), and Davra Networks (California, U.S.)

Key Target audience

• IoT In Smart Cities Solution Vendors
• System Integrators
• Consultants/Consultancies/Advisory Firms
• Training and Education Service Providers
• Support and Maintenance Service Providers
• National Regulatory Authorities
• Independent Software Vendors (ISVs)
• Cloud Business Intelligence (BI) Platform Vendors
• Investors and Venture Capitalists

Scope of the Report

The research report categorizes the IoT smart cities market to forecast the revenues and analyze the trends in each of the following sub-markets:

By Solution

• Location Analytics
• Network Security
• Application Security
• Real-Time Streaming Analytics
• Network Bandwidth Management
• Remote Monitoring System
• Data Management

By Service

• System Integration
• Other Services

By Platform

• Application Management Platform
• Device Management Platform
• Connectivity Management Platform

By Region

• North America
• Europe
• Asia-Pacific (APAC)
• Middle East and Africa (MEA)
• Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

• Product matrix provides a detailed information and product comparison

Geographic Analysis

• Further breakdown of the North America IoT in Smart Cities market
• Further breakdown of the Europe IoT in Smart Cities market
• Further breakdown of the APAC IoT in Smart Cities market
• Further breakdown of the MEA IoT in Smart Cities market
• Further breakdown of the Latin America IoT in Smart Cities market

Company Information

• Detailed analysis and profiling of additional market players

Table of Content

1 Introduction (Page No. - 14)
    1.1 Objectives of The Report 
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in The Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in The IoT Smart Cities Market
    4.2 IoT in Smart Cities: Market By Technology, 2015 vs 2020
    4.3 IoT in Smart Cities Market: Top Platforms
    4.4 Global Market: Solution vs Application, 2015
    4.5 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Solution
           5.2.2 By Platform
           5.2.3 By Technology
           5.2.4 By Service
           5.2.5 By Application
           5.2.6 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand of Intelligent Cities
                    5.3.1.2 Push for Heterogeneous Devices
                    5.3.1.3 Water Leak Detection:
                    5.3.1.4 Energy Management:
                    5.3.1.5 Elderly Care:
           5.3.2 Restraints
                    5.3.2.1 Government Policies
                    5.3.2.2 Privacy and Security
           5.3.3 Opportunities
                    5.3.3.1 Connected Cities
                    5.3.3.2 Deployment of Connected Devices
                               5.3.3.2.1 Smart Meters:
                               5.3.3.2.2 Smart Appliances:
           5.3.4 Challenges
                    5.3.4.1 Lack of Knowledge

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain
    6.3 Revenue Models, Approaches, and Considerations
           6.3.1 IoT Platform Revenue Model
                    6.3.1.1 Flat Licensing Pricing Model
                    6.3.1.2 Volume-Based Pricing Model
                    6.3.1.3 Cloud-Based Pricing Model
           6.3.2 Present and Future Scenerios of IoT Platform in Smart Cities
                    6.3.2.1 Present Market Scenario
                    6.3.2.2 Future Market Scenario
    6.4 Strategic Benchmarking

7 IoT Smart Cities Market Analysis, By Solution (Page No. - 41)
    7.1 Introduction
    7.2 Location Analytics
           7.2.1 Geocoding and Reverse Geocoding
           7.2.2 Data Integration and Etl
           7.2.3 Reporting and Visualization
           7.2.4 Thematic Mapping and Spatial Analysis
    7.3 Network Security
    7.4 Application Security
    7.5 Real-Time Streaming Analytics
    7.6 Network Bandwidth Management
    7.7 Remote Monitoring System
    7.8 Data Management

8 IoT Smart Cities Market Analysis, By Platform (Page No. - 49)
    8.1 Introduction
    8.2 Application Management Platform
    8.3 Device Management Platform
    8.4 Connectivity Management Platform

9 IoT Smart Cities Market Analysis, By Technology (Page No. - 53)
    9.1 Introduction
    9.2 Satellite Network
    9.3 Cellular Network
    9.4 RFID
    9.5 NFC
    9.6 Wi-Fi
    9.7 Others

10 IoT Smart Cities Market Analysis, By Application (Page No. - 60)
     10.1 Introduction
     10.2 Transportation
     10.3 Infrastructure Management
     10.4 Building Automation
     10.5 Energy Management
     10.6 Intelligent Cities Services

11 IoT Smart Cities Market Analysis, By Service (Page No. - 66)
     11.1 Introduction
     11.2 System Integration Services
     11.3 Others

12 Geographic Analysis (Page No. - 69)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Competitive Landscape (Page No. - 88)
     13.1 Overview
     13.2 Competitive Situation and Trends
     13.3 Partnerships, Agreements, and Collaborations
     13.4 Business Expansions
     13.5 New Product Launches
     13.6 Mergers and Acquisitions

14 Company Profiles (Page No. - 93)
     14.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     14.2 Bosch Software Innovation GmbH 
     14.3 Cisco Systems, Inc.
     14.4 Huawei Technologies Co., Ltd
     14.5 IBM Corporation
     14.6 Intel Corporation
     14.7 Harman International Industries (Aditi Technologies)
     14.8 Enevo OY Technologies
     14.9 Infineon Technologies AG
     14.10 SAP SE
     14.11 Schneider Electric Software, LLC
     14.12 Symantec Corporation
     14.13 Thingworx (PTC)
     14.14 Verizon Communications Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 128)
     15.1 Discussion Guide
     15.2 Introducing RT: Real-Time Market Intelligence
     15.3 Available Customizations
     15.4 Related Reports

List of Tables (63 Tables)

Table 1 IoT Smart Cities Market Size, By Solution, 2015–2020 (USD Million)
Table 2 Location Analytics: Market Size, By Region, 2015–2020 (USD Million)
Table 3 Network Security: Market Size, By Region, 2015–2020 (USD Million)
Table 4 Application Security: Market Size, By Region, 2015–2020 (USD Million)
Table 5 Real-Time Streaming Analytics: IoT in Smart Cities Market Size, By Region, 2015–2020 (USD Million)
Table 6 Network Bandwidth Management: Market Size, By Region, 2015–2020 (USD Million)
Table 7 Remote Monitoring System: Market Size, By Region, 2015–2020 (USD Million)
Table 8 Data Management: Market Size, By Region, 2015–2020 (USD Million)
Table 9 Market Size, By Platform, 2015–2020 (USD Million)
Table 10 Application Management Platform: Market Size, By Region, 2015–2020 (USD Million)
Table 11 Device Management Platform: Market Size, By Region, 2015–2020 (USD Million)
Table 12 Connectivity Management Platform: Market Size, By Region, 2015–2020 (USD Million)
Table 13 IoT Smart Cities Market Size, By Technology, 2015–2020 (USD Million)
Table 14 Satellite Network: Market Size, By Region, 2015–2020 (USD Million)
Table 15 Cellular Network: Market Size, By Region, 2015–2020 (USD Million)
Table 16 RFID: IoT in Smart Cities Market Size, By Region, 2015–2020 (USD Million)
Table 17 NFC: Market Size, By Region, 2015–2020 (USD Million)
Table 18 Wi-Fi: Market Size, By Region, 2015–2020 (USD Million)
Table 19 Others: Market Size, By Region, 2015–2020 (USD Million)
Table 20 Market Size, By Application, 2015–2020 (USD Million)
Table 21 Transportation: Market Size, By Region, 2015–2020 (USD Million)
Table 22 Infrastructure: Market Size, By Region, 2015–2020 (USD Million)
Table 23 Building Automation: Market Size, By Region, 2015–2020 (USD Million)
Table 24 Energy Management: Market Size, By Region, 2015–2020 (USD Million)
Table 25 Intelligent Cities Services: Market Size, By Region, 2015–2020 (USD Million)
Table 26 Market Size, By Service, 2015–2020 (USD Million)
Table 27 System Integration Services: Market Size, By Region, 2015–2020 (USD Million)
Table 28 Others: Market Size, By Region, 2015–2020 (USD Million)
Table 29 IoT Smart Cities Market Size, By Region, 2015–2020 (USD Billion)
Table 30 North America: Market Size, By Type, 2015–2020 (USD Million)
Table 31 North America: Market Size, By Solution, 2015–2020 (USD Million)
Table 32 North America: Market Size, By Platform, 2015–2020 (USD Million)
Table 33 North America: Market Size, By Technology, 2015–2020 (USD Million)
Table 34 North America: Market Size, By Service, 2015–2020 (USD Million)
Table 35 North America: IoT in Smart Cities Market Size, By Application, 2015–2020 (USD Million)
Table 36 Europe: Market Size, By Type, 2015–2020 (USD Million)
Table 37 Europe: Market Size, By Solution, 2015–2020 (USD Million)
Table 38 Europe: Market Size, By Platform, 2015–2020 (USD Million)
Table 39 Europe: Market Size, By Technology, 2015–2020 (USD Million)
Table 40 Europe: Market Size, By Service, 2015–2020 (USD Million)
Table 41 Europe: Market Size, By Application, 2015–2020 (USD Million)
Table 42 Asia-Pacific: Market Size, By Type, 2015–2020 (USD Million)
Table 43 Asia-Pacific: Market Size, By Solution, 2015–2020 (USD Million)
Table 44 Asia-Pacific: IoT Smart Cities Market Size, By Platform, 2015–2020 (USD Million)
Table 45 Asia-Pacific: Market Size, By Technology, 2015–2020 (USD Million)
Table 46 Asia-Pacific: Market Size, By Service, 2015–2020 (USD Million)
Table 47 Asia-Pacific: Market Size, By Application, 2015–2020 (USD Million)
Table 48 Middle East and Africa: IoT in Smart Cities Market Size, By Type, 2015–2020 (USD Million)
Table 49 Middle East and Africa: Market Size, By Solution, 2015–2020 (USD Million)
Table 50 Middle East and Africa: Market Size, By Platform, 2015–2020 (USD Million)
Table 51 Middle East and Africa: Market Size, By Technology, 2015–2020 (USD Million)
Table 52 Middle East and Africa: Market Size, By Service, 2015–2020 (USD Million)
Table 53 Middle East and Africa: Market Size, By Application, 2015–2020 (USD Million)
Table 54 Latin America: Market Size, By Type, 2015–2020 (USD Million)
Table 55 Latin America: Market Size, By Solution, 2015–2020 (USD Million)
Table 56 Latin America: Market Size, By Platform, 2015–2020 (USD Million)
Table 57 Latin America: Market Size, By Technology, 2015–2020 (USD Million)
Table 58 Latin America: Market Size, By Service, 2015–2020 (USD Million)
Table 59 Latin America: Market Size, By Application, 2015–2020 (USD Million)
Table 60 Partnerships, Agreements, and Collaborations, 2013–2015
Table 61 Business Expansions, 2013–2015
Table 62 New Product Launches, 2013–2015
Table 63 Mergers and Acquisitions, 2014–2015

List of Figures (46 Figures)

Figure 1 Global IoT Smart Cities Market : Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 North America is Expected to Hold The Largest Market Share  in 2015 and APAC is Estimated to Grow at The Highest CAGR During The Forecast Period
Figure 6 Increasing Cloud-Based Deployments is Pushing The IoT in Smart Cities Market
Figure 7 NFC Technology is Expected to Witness The Highest Growth Rate During The Forecast Period
Figure 8 Device Management Platform Contributes The Largest Market Share Among The IoT Platforms
Figure 9 Intelligent Cities Services and Transportation Accounts for The Highest Share in the market
Figure 10 Market Segmentation: By Solution
Figure 11 Market Segmentation: By Platform
Figure 12 Market Segmentation: By Technology
Figure 13 IoT Smart Cities Market Segmentation: By Service
Figure 14 Market Segmentation: By Application
Figure 15 Market Segmentation: By Region
Figure 16 IoT  in Smart Cities: Value Chain Analysis
Figure 17 Companies Adopt Different Strategies to Gain Competitive Advantage
Figure 18 Application Security is The Fastest- Growing Solution  in The IoT Smart Cities Market During The Forecast Period
Figure 19 Device Management Platform has Captured The Highest Largest Market of IoT in Smart Cities Platform Segment During The Forecast Period
Figure 20 NFC Technology is Expected to Witness The Highest Growth Among All The Technologies  in the market During The Forecast Period
Figure 21 Intelligent Cities Services Segment is The Most Important Application Area  in The IoT Smart Cities Market
Figure 22 System Integration Services is The Most Important Service Growing Rapidly  in market Among All The Regions
Figure 23 Asia-Pacific: an Attractive Destination for The IoT Smart Cities Market, 2015–2020
Figure 24 Asia-Pacific has The Highest Growth Rate From 2015 to 2020
Figure 25 Regional Snapshot: Asia-Pacific as A Hotspot During The Period 2015–2020
Figure 26 North America IoT in Smart Cities: Market Snapshot
Figure 27 Asia-Pacific: Market Snapshot
Figure 28 Companies Adopted Partnership, Agreement, and Collaboration as The Key Growth Strategy From 2013 to 2015
Figure 29 Market Evaluation Framework
Figure 30 Battle for Market Share: Agreement, Collaboration, and Partnership is The Key Strategy Adopted By Companies  in The IoT in Smart Cities Market From 2013 to 2015
Figure 31 Geographic Revenue Mix of The Top 4 Market Players
Figure 32 Bosch Software Innovations GmbH: SWOT Analysis
Figure 33 Cisco Systems, Inc.: Company Snapshot
Figure 34 Cisco Systems, Inc.: SWOT Analysis
Figure 35 Huawei Technologies Co., Ltd.: Company Snapshot
Figure 36 Huawei Technologies Co. Ltd.: SWOT Analysis
Figure 37 IBM Corporation: Company Snapshot
Figure 38 IBM Corporation: SWOT Analysis
Figure 39 Intel Corporation: Company Snapshot
Figure 40 Intel Corporation: SWOT Analysis
Figure 41 Harman International Industries: Company Snapshot
Figure 42 Infineon Technologies AG: Company Snapshot
Figure 43 SAP SE: Company Snapshot
Figure 44 Schnieder Electric Software, LLC: Company Snapshot
Figure 45 Symantec Corporation: Company Snapshot
Figure 46 Verizon Communications Inc.: Company Snapshot

The Internet of Things (IoT) in smart cities market size is estimated to grow from USD 51.96 Billion in 2015 to USD 147.51 Billion by 2020, at a CAGR of 23.20% from 2015 to 2020. IoT in smart cities is a concept aimed at providing a set of new generation services and infrastructure with the help of Information and Communication Technology (ICT).

The holistic idea of IoT in smart cities is gaining a significant momentum throughout the globe. While greater demand could be seen for smarter technologies over utility grids, the focus would eventually shift toward other emerging areas, such as transportation, infrastructure management, building automation, energy management, and intelligent cities services, during the next decade. With the increasing demand for IoT devices, smart cities are highly inclined to adopt these solutions.

Retrofitting and refurbishing have become the key strategies for modernizing the residential and social infrastructure in the developed countries with large-scale public sector assets zoned centrally across urban areas. In emerging economies, such as China, Brazil, and India, where there are poorly maintained commercial markets, housing, schools, and governance buildings, the Refit model has become essential to develop commercial space along with new social infrastructure. With more than 200 smart city projects across the globe, there are huge opportunities in the IoT smart cities market for IoT vendors, service providers, platform providers, and consulting companies.

North America is expected to hold the largest market share and dominate the IoT smart cities market in 2015. The market size in North America is expected to decrease slightly during the forecast period as most of the IoT in smart cities projects funded by American Recovery and Reinvestment Act (ARRA) 2009 for investor-owned larger energy and utilities in the U.S. are expected to reach completion by early 2018. The IoT in smart cities solutions segment is expected to have the least growth rate during the forecast period. Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period. However, the inadequate financial incentives for transportation, energy management, utilities, interoperability, and security issues are a few pivotal factors hindering the growth of the IoT in smart cities in the APAC region.

The market is restrained due to factors such as government policies, privacy and security, inadequate financial incentives for utilities and interoperability, and standard interface. The major vendors in the IoT smart cities market include Cisco Systems Inc., Huawei Technologies, IBM Corporation, Intel Corporation and others. These players adopted various growth strategies such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to increase their footprints globally.