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Global IoT In Smart Cities Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Cisco Systems Inc., Intel Corporation, The International Business Machines Corporation, Huawei Technologies Co
IoT in Smart Cities Market
IoT In Smart Cities Market Size, Growth Rate, And Forecast
The global IoT in smart cities market size is expected to grow from $159.21 billion in 2022 to $191.76 billion in 2023 at a compound annual growth rate (CAGR) of 20.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IoT in smart cities market size is expected to reach $402.48 billion in 2027 at a CAGR of 20.4%.
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IoT In Smart Cities Market Drivers
The growing implementation of 5G technology is expected to propel the growth of the IoT in the smart cities market going forward. The 5G technology is the fifth generation of cellular technology used for making wireless services faster, less abrupt, and more flexible.
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IoT In Smart Cities Market Segments
1) By Component: Solutions, Services
2) By Technology: Bluetooth, Cellular Network, RFID, Other Technologies
3) By Application: Smart Building, Smart Healthcare, Smart Energy, Smart Transportation, Public Safety, Smart Infrastructure, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the IoT In Smart Cities market.
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IoT In Smart Cities Market Key Players
Major players in the IoT in smart cities market are Cisco Systems Inc., Intel Corporation, The International Business Machines Corporation, Huawei Technologies Co, Tech Mahindra Limited., Microsoft Corporation, Honeywell International Inc., Bosch Global Software Technologies Private Limited., Siemens Incorporation., PTC Inc., ARM Inc.., Schneider Electric SE, Deutsche Telekom AG, Hitachi Ltd., and SAP SE.
The Business Research Company's "Global IoT In Smart Cities Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The IoT In Smart Cities Market Include:
1. Executive Summary
2. IoT in Smart Cities Market Characteristics
3. IoT in Smart Cities Market Trends And Strategies
4. IoT in Smart Cities Market - Macro Economic Scenario
5. IoT in Smart Cities Market Size And Growth
……
27. IoT In Smart Cities Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT in Smart Cities Market
29. IoT in Smart Cities Market Future Outlook and Potential Analysis
30. Appendix
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