Prominent IoT in Smart Cities Market Trend for 2025: Technological Advancements Driving Innovation In IoT in Smart Cities Market

What industry-specific factors are fueling the growth of the iot in smart cities market?
The escalating adoption of 5G technology is anticipated to stimulate the expansion of IoT in the smart cities sector. 5G technology, being the fifth generation of cellular technology, elevates wireless services making them faster, less interrupted, and more adaptable. This advanced technology serves as a crucial catalyst for IoT in smart cities, providing a framework to connect numerous sensors and actuators with optimal energy efficiency and data transmission. As a result, this escalating adoption of 5G technology is anticipated to spur the expansion of the IoT in the smart cities market. To illustrate, in March 2023, the Mobile Suppliers Association, a non-profit organization located in the UK and connected with the mobile communication industry, reported that 1.15 billion 5G subscribers had been registered as of December 2022, which was an increment from 619 million in the same month of 2021, indicating an annual growth of 85.9%. Hence, the increasing use of 5G technology is expected to advance the progress of IoT in the smart cities market.

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What Is the projected market size and growth rate for the iot in smart cities market?
The market size for IoT in smart cities has seen a significant increase in the recent past. It is projected to rise from $226.12 billion in 2024 to $269.38 billion in 2025, implying a compound annual growth rate (CAGR) of 19.1%. The expansion throughout the historical phase is due to factors like modernization of infrastructure, objectives for sustainability, concerns around public safety, effective traffic control, increased demand for energy efficiency, and engagement of citizens.

In the coming years, an exceptional surge is predicted in the market size of IoT in smart cities. It is expected to amplify to "$608.6 billion by 2029, with a compound annual growth rate (CAGR) of 22.6%. The escalation during the projected period is due to stronger security, stringent data privacy laws, circular economy efforts, universal connectivity and interoperability, and health and wellness solutions. Key trends projected during this period encompass integration with 5G networks, sophisticated urban mobility solutions, smart grids for effective energy management, applications of AI and machine learning, and public-private partnerships.

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What new trends are reshaping the iot in smart cities market and its opportunities?
Top firms in the IoT in smart cities industry are establishing fresh digital transformation platforms to secure an advantage over their rivals. The term 'digital transformation' signifies the application of digital tools to increase business operations, methods, and customer interactions. For instance, Siemens AG, a German automation company, launched Siemens Xcelerator in July 2022. This digital business platform aims to hasten the shift to digital business across industries such as buildings, grids, mobility, and others. With an aggregated portfolio of IoT-powered hardware, software, and digital services, this platform simplifies and accelerates digital transformation from Siemens and other certified third parties. Siemens Xcelerator further encompasses an expanding network of partners and a thriving marketplace to streamline interactions and transactions. Siemens also announced the launch of Building X as part of Siemens Xcelerator, aiming to serve as a single point of reference for digital transformation and assisting clients in achieving net-zero objectives. Building X is a modular, cloud-based software suite with AI capabilities, robust connectivity, and in-built cybersecurity features. Additionally, Siemens intends to incorporate its industrial IoT solutions into Industrial Operations X, offering end-to-end solutions from sensor to cloud, IoT-as-a-service, and low-code development capabilities.

What major market segments define the scope and growth of the iot in smart cities market?
The IoT in smart cities market covered in this report is segmented -

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

Subsegments:
1) By Solutions: Smart Lighting Solutions, Smart Waste Management Solutions, Smart Transportation Solutions, Smart Water Management Solutions, Smart Energy Management Solutions, Smart Parking Solutions, Smart Environmental Monitoring Solutions
2) By Services: Consulting Services, System Integration Services, Maintenance And Support Services, Managed Services, Data Analytics Services, Training And Education Services

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Which region dominates the iot in smart cities market?
Asia-Pacific was the largest region in the IoT in smart cities market in 2024. The regions covered in the IoT in smart cities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the iot in smart cities industry growth?
Major companies operating in the IoT in smart cities market include Cisco Systems Inc., Intel Corporation, The International Business Machines Corporation (IBM), Huawei Technologies Co. Ltd., 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., SAP SE, Dell Technologies Inc., Samsung SDS Co. Ltd., Hewlett Packard Enterprise Company LP, Toshiba Corporation, Panasonic Corporation, Sony Corporation, LG Electronics Inc., Philips Lighting Holding B.V., Osram Licht AG, Cree Inc., Acuity Brands Inc., General Electric Company, Verizon Communications Inc., AT&T Inc., Johnson Controls International plc

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What Is Covered In The IoT in Smart Cities Global Market Report?

• Market Size Forecast: Examine the iot in smart cities market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the iot in smart cities market for a structured understanding.
• Key Players Overview: Analyze major players in the iot in smart cities market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the iot in smart cities market.
• Segment Contributions: Evaluate how different segments drive overall growth in the iot in smart cities market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the iot in smart cities market.
• Industry Challenges: Identify potential risks and obstacles affecting the iot in smart cities market.
• Competitive Landscape: Review strategic developments in the iot in smart cities market, including expansions, agreements, and new product launches.

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