various factors such as 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. iot in smart cities makes infrastructure safer, reduces the rate of criminal activities, and leads to an equitable society, with citizens desiring to receive better services and officials striving to make utilities economically viable.
these professional services are required during and after the implementation of iot systems in organizations. china, japan, and singapore are the major countries contributing to the growth of the market in the region. marketsandmarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
pune, india, june 06, 2022 (globe newswire) — the global iot in smart cities market size is projected to reach usd 582.38 billion by 2028, exhibiting a cagr of 23.3% during the forecast period. today, it is utilized for a wide range of applications right from the watch on our wrists to the satellites orbiting our planet. the impact of covid-19 has been full of challenges for the iot in the smart cities market. the rapid increase in the number of initiatives taken by governments worldwide to transform urban areas into sustainable and smart cities is projected to drive the global iot in smart cities market growth. in addition, the emergence of 5g technology will play a significant role in increasing the demand for iot in smart cities.
in terms of type, the iot in smart cities market is divided into solutions and services. the report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. the iot in smart cities market value of asia pacific was usd 42.05 billion in 2020. the region is estimated to dominate the iot in the smart cities market during the forecast period. the market in europe is predicted to register flourishing growth backed by the increasing number of smart city projects in the region. our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
[302 pages report] the global iot in smart cities market size to grow from usd 130.6 billion in 2021 to usd 312.2 billion by 2026, at a compound annual the global iot in smart cities market industry growth is projected to be usd 312.2 billion by 2026, growing from usd 130.6 billion in 2021, according to fortune business insights, the global iot in smart cities market size is projected to reach usd 582.38 billion in 2029, at a cagr, iot smart city report, iot smart city report, smart city market size gartner, smart cities, what is internet of things?.
iot in smart cities will help the residents to access to water, clean air, sanitation, and waste management. connected internet technologies and big data can prnewswire/ — according to a research report “iot in smart cities market by offering, solution (remote monitoring, network management, iot in smart cities market is mainly boosted by introduction of advanced technologies and its inclusion in most of the sectors has grown at a significant, .
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