IoT in Smart Cities Market

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Segmentation
    1.3 Years Considered for the Study
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Breakup of Primary Profiles
           2.1.2 Key Industry Insights
    2.2 Market Breakdown and Data Triangulation
    2.3 Market Size Estimation
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the IoT in Smart Cities Market
    4.2 Market By Offering, 2018–2023
    4.3 Market By Solution, 2018–2023
    4.4 Market By Service, 2018–2023
    4.5 Market By Application, 2018–2023
    4.6 Market Investment Scenario

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Number of Government Initiatives and PPP Models for Smart Cities
                    5.2.1.2 IoT to Bring Improvements to the Communication Infrastructure
                    5.2.1.3 Rising Adoption of Connected and Smart Technologies in Smart Cities Initiatives
           5.2.2 Restraints
                    5.2.2.1 Privacy and Security Concerns Over the Use of IoT
                    5.2.2.2 Lack of Advancements in Communication Technology and Poor Operational Efficiency in Developing Economies
           5.2.3 Opportunities
                    5.2.3.1 Increase in Smart City Initiatives Worldwide
                    5.2.3.2 Increase in Connected Devices to Drive the Growth of IoT
                               5.2.3.2.1 Smart Meters
                               5.2.3.2.2 Smart Appliances
                    5.2.3.3 Emerging 5G Technology to Help IoT Adoption, Globally
           5.2.4 Challenges
                    5.2.4.1 Lack of Knowledge Among People About IoT and Smart Cities
                    5.2.4.2 Huge Initial Investments Required for IoT in Smart Cities
    5.3 Industry Trends
           5.3.1 Use Cases
                    5.3.1.1 Use Case 1: Cisco: Wi-Fi Paves the Way for IoT Platform to Make the Government More Efficient
                    5.3.1.2 Use Case 2: IBM: Building Citizen-Focused Public Services in Jakarta
                    5.3.1.3 Use Case 3: Nokia: Smart Tampere Initiative for the Digital Technology Implementation
                    5.3.1.4 Use Case 4: Huawei: Build Smart City Network (Inspired By Nervous System) in Rivas-Vaciamadrid, Spain
                    5.3.1.5 Use Case 5: Compology: Startup Working on Municipal Service Management in Boston and Baltimore Cities in the US
    5.4 Ecosystem Analysis
           5.4.1 Smart Transportation
           5.4.2 Smart Buildings
           5.4.3 Smart Utilities
           5.4.4 Smart Citizen Services

6 IoT in Smart Cities Market, By Offering (Page No. - 44)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Rapid Digitalization to Increase the Demand for IoT Solutions
    6.3 Services
           6.3.1 Requirement of Highly Customized Solutions and Need to Focus on Core Operations to Drive the Market of Services Segment

7 IoT in Smart Cities Market, By Solution (Page No. - 48)
    7.1 Introduction
    7.2 Remote Monitoring
           7.2.1 Need for Monitoring Diverse Facilities to Increase the Demand for Remote Monitoring Solution
    7.3 Real-Time Location System
           7.3.1 MEA to Show High Growth for Real-Time Location System
    7.4 Network Management
           7.4.1 Demand for Network Management Solution to Be High in North America
    7.5 Security
           7.5.1 Cyber-Attacks on Smart Cities Infrastructure to Raise the Demand for Security Solution
    7.6 Data Management
           7.6.1 Need to Manage Data From Various Applications to Drive the Market of Data Management
    7.7 Reporting and Analytics
           7.7.1 Need to Translate Raw Data Into Useful Information Increased the Demand for Reporting and Analytics Solution

8 IoT in Smart Cities Market, By Service (Page No. - 55)
    8.1 Introduction
    8.2 Professional Services
           8.2.1 Consulting
                    8.2.1.1 Surge in Demand for Highly Customized IoT Services to Increase the Demand for Consulting Services
           8.2.2 Deployment and System Integration
                    8.2.2.1 Need to Integrate With Existing Systems to Increase the Demand for Deployment and System Integration Services
           8.2.3 Support and Maintenance
                    8.2.3.1 24/7 Troubleshooting Assistance, Software Upgrade, and Other Services to Increase the Demand for Support and Maintenance Services
    8.3 Managed Services
           8.3.1 Increasing Adoption of Outsourced IoT Services to Drive the Managed Services Market

9 IoT in Smart Cities Market, By Application (Page No. - 62)
    9.1 Introduction
    9.2 Smart Transportation
           9.2.1 Rapid Increase in Traffic Congestion to Create A Demand for IoT
    9.3 Smart Building
           9.3.1 Commercial Buildings to Rapidly Implement IoT Solutions for Optimizing Their Energy Consumption
    9.4 Smart Utilities
           9.4.1 Increasing Focus on Optimizing Resources With Minimal Downtime and Wastage to Increase the Demand for IoT Solutions
    9.5 Smart Citizen Services
           9.5.1 Education
                    9.5.1.1 Increasing Adoption of Mobile Devices and Tablets to Drive IoT Penetration in Education
           9.5.2 Healthcare
                    9.5.2.1 IoT to Be Used Extensively in Medical Records Management, Remote Monitoring, Data Analytics, and Telemedicine
           9.5.3 Public Safety
                    9.5.3.1 High Risk and Threat of Potential Damage From External Attacks and Natural Calamities to Increase the Adoption of IoT in Public Safety

10 IoT in Smart Cities Market, By Region (Page No. - 71)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
                        10.2.1.1 Developing Innovation Hubs and Recent Government Acts Demand for IoT in Smart Cities Solutions
             10.2.2 Canada
                        10.2.2.1 R&D Expenditure Made By Canadian Companies Led to Significant Breakthroughs
     10.3 Europe
             10.3.1 United Kingdom
                        10.3.1.1 Suitable Government Initiatives to Adopt More IoT in Smart Cities Solutions and Services
             10.3.2 Germany
                        10.3.2.1 Germany is Focusing on IoT in Smart Cities for Deploying Smart Citizen Services
             10.3.3 France
                        10.3.3.1 Corporate Companies to Put Forth Many IoT in Smart Cities Initiatives
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 Early Mover Strategy in IoT to Demand More IoT in Smart Cities Solutions
             10.4.2 Japan
                        10.4.2.1 Japanese Government to Focus More on Operational Efficiency
             10.4.3 Singapore
                        10.4.3.1 Favorable Government Initiatives to Convert Cities Into Smart Cities
             10.4.4 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 Kingdom of Saudi Arabia
                        10.5.1.1 Focus on Smart Grids and Other Smart Utility Services is Propelling Market Growth in the Country
             10.5.2 Israel
                        10.5.2.1 Israel’s Focus to Digitally Transform the Government’s Services Calls for the Adoption of IoT in Smart Cities Solutions
             10.5.3 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
                        10.6.1.1 Us-Based IT Companies to Expand Their Footprint Across the Country to Led the Adoption of IoT in Smart Cities Solutions
             10.6.2 Mexico
                        10.6.2.1 Growth in Digital Citizen Services to Lead the Adoption of IoT in Smart Cities Projects
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 95)
     11.1 Overview
     11.2 Market Ranking Analysis for the IoT in Smart Cities Market
     11.3 Competitive Scenario
             11.3.1 New Product Launches
             11.3.2 Business Expansions
             11.3.3 Agreements/Partnerships

12 Company Profiles (Page No. - 99)
(Business Overview, Products/Services/Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 IBM
     12.2 Cisco
     12.3 Intel
     12.4 Huawei
     12.5 Microsoft
     12.6 Tech Mahindra
     12.7 Honeywell
     12.8 Siemens
     12.9 Bosch Software Innovations
     12.10 PTC
     12.11 Schneider Electric
     12.12 ARM
     12.13 Quantela
     12.14 Sierra Wireless
     12.15 Hitachi

* Business Overview, Products/Services/Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 124)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details

List of Tables (66 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2018
Table 2 Factors Analysis
Table 3 IoT in Smart Cities Market Size, By Offering, 2016–2023 (USD Billion)
Table 4 Solutions: Market Size By Region, 2016–2023 (USD Billion)
Table 5 Services: Market Size By Region, 2016–2023 (USD Billion)
Table 6 IoT in Smart Cities Market Size, By Solution, 2016–2023 (USD Billion)
Table 7 Remote Monitoring: Market Size By Region, 2016–2023 (USD Billion)
Table 8 Real-Time Location System: Market Size By Region, 2016–2023 (USD Billion)
Table 9 Network Management: Market Size By Region, 2016–2023 (USD Billion)
Table 10 Security: IoT in Smart Cities Market Size, By Region, 2016–2023 (USD Billion)
Table 11 Data Management: Market Size By Region, 2016–2023 (USD Billion)
Table 12 Reporting and Analytics: Market Size By Region, 2016–2023 (USD Billion)
Table 13 IoT in Smart Cities Market Size, By Service, 2016–2023 (USD Billion)
Table 14 Professional Services: Market Size By Region, 2016–2023 (USD Billion)
Table 15 IoT in Smart Cities Market Size, By Professional Service, 2016–2023 (USD Billion)
Table 16 Consulting: Market Size By Region, 2016–2023 (USD Billion)
Table 17 Deployment and System Integration: Market Size By Region, 2016–2023 (USD Billion)
Table 18 Support and Maintenance: Market Size By Region, 2016–2023 (USD Billion)
Table 19 Managed Services: Market Size By Region, 2016–2023 (USD Billion)
Table 20 IoT in Smart Cities Market Size, By Application, 2016–2023 (USD Billion)
Table 21 Smart Transportation: Market Size By Region, 2016–2023 (USD Billion)
Table 22 Smart Building: Market Size By Region, 2016–2023 (USD Billion)
Table 23 Smart Utilities: Market Size By Region, 2016–2023 (USD Billion)
Table 24 Smart Citizen Services: Market Size By Region, 2016–2023 (USD Billion)
Table 25 Smart Citizen Services: Market Size By Service, 2016–2023 (USD Billion)
Table 26 Education Market Size, By Region, 2016–2023 (USD Billion)
Table 27 Healthcare Market Size, By Region, 2016–2023 (USD Billion)
Table 28 Public Safety Market Size, By Region, 2016–2023 (USD Billion)
Table 29 IoT in Smart Cities Market Size, By Region, 2016–2023 (USD Billion)
Table 30 North America: Market Size By Offering, 2016–2023 (USD Billion)
Table 31 North America: Market Size By Solution, 2016–2023 (USD Billion)
Table 32 North America: Market Size By Service, 2016–2023 (USD Billion)
Table 33 North America: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 34 North America: Market Size By Application, 2016–2023 (USD Billion)
Table 35 North America: Market Size By Smart Citizen Service, 2016–2023 (USD Billion)
Table 36 North America: Market Size By Country, 2016–2023 (USD Billion)
Table 37 Europe: IoT in Smart Cities Market Size, By Offering, 2016–2023 (USD Billion)
Table 38 Europe: Market Size By Solution, 2016–2023 (USD Billion)
Table 39 Europe: Market Size By Service, 2016–2023 (USD Billion)
Table 40 Europe: Market Size By Professional Service 2016–2023 (USD Billion)
Table 41 Europe: Market Size By Application, 2016–2023 (USD Billion)
Table 42 Europe: Market Size By Smart Citizen Service, 2016–2023 (USD Billion)
Table 43 Europe: Market Size By Country, 2016–2023 (USD Billion)
Table 44 Asia Pacific: IoT in Smart Cities Market Size, By Offering, 2016–2023 (USD Billion)
Table 45 Asia Pacific: Market Size By Solution, 2016–2023 (USD Billion)
Table 46 Asia Pacific: Market Size By Service, 2016–2023 (USD Billion)
Table 47 Asia Pacific: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 48 Asia Pacific: Market Size By Smart Citizen Service, 2016–2023 (USD Billion)
Table 49 Asia Pacific: Market Size By Country, 2016–2023 (USD Billion)
Table 50 Middle East and Africa: IoT in Smart Cities Market Size, By Offering, 2016–2023 (USD Billion)
Table 51 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Billion)
Table 52 Middle East and Africa: Market Size By Service, 2016–2023 (USD Billion)
Table 53 Middle East and Africa: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 54 Middle East and Africa: Market Size By Application, 2016–2023 (USD Billion)
Table 55 Middle East and Africa: Market Size By Smart Citizen Service, 2016–2023 (USD Billion)
Table 56 Middle East and Africa: Market Size By Country, 2016–2023 (USD Billion)
Table 57 Latin America: IoT in Smart Cities Market Size, By Offering, 2016–2023 (USD Billion)
Table 58 Latin America: Market Size By Solution, 2016–2023 (USD Billion)
Table 59 Latin America: Market Size By Service, 2016–2023 (USD Billion)
Table 60 Latin America: Market Size By Professional Service, 2016–2023 (USD Billion)
Table 61 Latin America: Market Size By Application, 2016–2023 (USD Billion)
Table 62 Latin America: Market Size By Smart Citizen Service, 2016–2023 (USD Billion)
Table 63 Latin America: Market Size By Country, 2016–2023 (USD Billion)
Table 64 New Product Launches, 2016–2018
Table 65 Business Expansions, 2017–2018
Table 66 Agreements/Partnerships, 2016–2018

List of Figures (35 Figures)

Figure 1 IoT in Smart Cities Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size 2016–2023
Figure 4 Market Analysis
Figure 5 Fastest-Growing Segments in the IoT in Smart Cities Market, 2018–2023
Figure 6 IoT in Smart Cities Market: Regional Analysis, 2018
Figure 7 Increasing Smart City Initiatives to Drive the Market Growth During the Forecast Period
Figure 8 Solutions Segment to Lead the Market During the Forecast Period
Figure 9 Remote Monitoring Segment to Lead the Market During the Forecast Period
Figure 10 Professional Services Segment to Lead the Market During the Forecast Period
Figure 11 Smart Citizen Services Segment to Lead the Market During the Forecast Period
Figure 12 IoT in Smart Cities Market: Market Investment Scenario
Figure 13 Drivers, Restraints, Opportunities, and Challenges: IoT in Smart Cities Market
Figure 14 Market Smart Transportation Ecosystem Analysis
Figure 15 Market Smart Buildings Ecosystem Analysis
Figure 16 Market Smart Utilities Ecosystem Analysis
Figure 17 Market Smart Citizen Services Ecosystem Analysis
Figure 18 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 19 Reporting and Analytics Segment to Grow at the Highest CAGR During the Forecast Period
Figure 20 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 21 Smart Transportation Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Key Developments By Leading Players in the IoT in Smart Cities Market During 2015–2018
Figure 26 Market Ranking, 2018
Figure 27 IBM: Company Snapshot
Figure 28 Cisco: Company Snapshot
Figure 29 Intel: Company Snapshot
Figure 30 Huawei: Company Snapshot
Figure 31 Microsoft: Company Snapshot
Figure 32 Tech Mahindra: Company Snapshot
Figure 33 Honeywell: Company Snapshot
Figure 34 Siemens: Company Snapshot
Figure 35 PTC: Company Snapshot

The study on the Internet of Things (IoT) in smart cities market involved 4 major activities to estimate its current market size. Exhaustive secondary research was carried out to collect information on the IoT in smart cities market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain of IoT in smart cities solutions and services using primary research. Both, top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the size of various segments and subsegments of the IoT in smart cities market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg Businessweek, were referred to identify and collect information for this study on the IoT in smart cities market. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The IoT in smart cities market comprises several stakeholders such as service providers, solution vendors, manufacturers, trade associations, government authorities, Environmental Working Group (EWG), raw material and component suppliers, Value-Added Resellers (VARs) and distributors, and non-governmental organizations (environmental and public health). The demand-side of the IoT in smart cities market consists of all the firms operating especially in the Information technology industry and government organisations. The supply-side includes providers of IoT in smart cities solutions and services. Various primary sources from both, supply- and demand-side of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the profiles of primary respondents:

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the IoT in smart cities market and various other dependent submarkets. While using the top-down approach, an exhaustive list of vendors offering IoT in smart cities solutions and services was prepared. The shares for these vendors in the market were estimated through annual reports, press releases, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on solutions and services offered by them based on offering, application, and region. The aggregate of revenues of all companies was extrapolated to reach the overall size of the market. Each subsegment was studied and analyzed to obtain its market size and estimate its regional penetration. The markets were triangulated through both, primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both, demand and supply side.

Report Objectives

• To determine and forecast the IoT in smart cities market based on solutions, services, applications, and regions from 2018 to 2023, and analyze various macroeconomic and microeconomic factors that affect the growth of the market
• To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
• To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the IoT in smart cities market
• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall IoT in smart cities market
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the IoT in smart cities market
• To profile the key market players, provide their comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
•  To track and analyze competitive developments, such as partnerships, agreements, and collaborations; new product launches and product enhancements, and Research and Development (R&D) activities in the market

Scope of the Report

Report Metrics	Details
Market size available for years	2016–2023
Base year considered	2017
Forecast period	2018–2023
Forecast units	Value (USD Million)
Segments covered	Offerings, Solutions, Services, Applications, and Regions
Regions covered	North America, Europe, APAC, Latin America, and MEA
Companies covered	The vendors covered in the report on IoT in smart cities are Cisco (US), IBM (US), Intel (US), Huawei (China), Microsoft (US), Tech Mahindra (India), Honeywell (US), Siemens (Germany), Bosch Software Innovations (Germany), PTC (US), Schneider Electric (US), ARM (UK), Quantela (US), Sierra Wireless (Canada), and Hitachi (Japan)

This research report categorizes the IoT in smart cities market to forecast revenues and analyze trends in each of the following submarkets:

On the basis of Offerings, the IoT in smart cities market has been segmented as follows:

• Solutions
• Services

On the basis of Solutions, the IoT in smart cities market has been segmented as follows:

• Remote monitoring
• Real-time location system
• Network management
• Security management
• Data management
• Reporting and analytics

On the basis of Service Types, the IoT in smart cities market has been segmented as follows:

• Professional services
  • Consulting
  • System integration and deployment
  • Support and maintenance
• Managed services

On the basis of organization sizes, the IoT in smart cities market has been segmented as follows:

• Smart transportation
• Smart building
• Smart utilities
• Smart citizen services
  • Education
  • Healthcare
  • Public safety

On the basis of Regions, the IoT in smart cities market has been segmented as follows:

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• APAC
  • China
  • South Korea
  • Singapore
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • Kingdom of Saudi Arabia (KSA)
  • United Arab Emirates (UAE)
  • Rest of MEA

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Regional Analysis

• Further breakdown of the US market by type
• Further breakdown of the UK market by type

Company Information

• Detailed analysis and profiling of additional market players (up to 5)