Rising Adoption Of 5G Technology To Drive Market Growth: Critical Driver Shaping the Global IoT in Smart Cities Market in 2025

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IoT in Smart Cities Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of IoT in smart cities has experienced swift expansion in the past few years. Its size is expected to surge from $226.12 billion in 2024 to $269.36 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 19.1%. The growth witnessed during the historic timeframe can be traced back to factors such as infrastructure modernization, sustainability objectives, concerns over public safety, efficient traffic administration, demand for energy smartness, and citizen engagement.

IoT in Smart Cities Market Size Forecast: What's the Projected Valuation by 2029?
The market size of IoT in smart cities is projected to experience substantial growth in the upcoming years. By 2029, it is anticipated to reach $604.7 billion, with a Compound Annual Growth Rate (CAGR) of 22.4%. The projected growth within this period can be accredited to improvements in security protocols, stringent data privacy laws, initiatives in the circular economy, worldwide connectivity and interoperability, along with health and wellness solutions. Major trends expected within this timeframe encompass integration with 5G networks, superior urban mobility solutions, smart grid systems for effective energy management, applications of AI and machine learning, as well as public-private partnerships.

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What Are the Drivers Transforming the IoT in Smart Cities Market?
The expansion of 5G technology is anticipated to spur the evolution of the IoT in the smart cities sector. As the fifth generation of cellular technology, 5G enhances the speed, reliability, and flexibility of wireless services. It is poised to become a central driver of IoT in smart cities by providing a platform for the integration of various sensors and actuicities with severe energy efficiency and data transmission requirements. Consequently, the escalating adoption of 5G will foster the advancement of the IoT in the smart cities market. For instance, in March 2023, Mobile Suppliers Association, a UK-based non-profit aligned with the mobile communication industry, reported 1.15 billion 5G subscribers as of December 2022. This figure rose from 619 million in December 2021, resulting in an 85.9% annual growth. Hence, the increasing implementation of 5G technology will galvanize the growth of the IoT in the smart cities market.

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What Long-Term Trends Will Define the Future of the IoT in Smart Cities Market?
Key enterprises in the IoT for smart cities sector are forging new business structures for digital transformation in order to maintain a superior position in the market. Digital transformation pertains to the utilization of digital tools to fundamentally alter and boost different components of business operations, strategies, and customer interactions. For instance, Siemens AG, an Automation firm based in Germany, announced the launch of Siemens Xcelerator in July 2022. This is an open digital business platform aimed at fast-tracking digital transformation in various sectors such as building, grid, mobility, and more. The platform facilitates and fastens the digital transformation process, making it more extensive and scalable, boasting a select collection of IoT-supported hardware, software, and digital services from Siemens and approved third parties. The Siemens Xcelerator hosts a burgeoning partner ecosystem and a dynamically changing marketplace to aid the exchange and transaction process. Further, as a part of Siemens Xcelerator, Siemens announced Building X - a smart building suite designed to serve as a sole source of the truth for digitization, aiding customers in accomplishing net-zero objectives. Building X is a module-based, entirely cloud-dependent software suite equipped with AI-supported applications, robust connectivity, and inbuilt cybersecurity. Siemens also anticipates integrating its industrial IoT solutions under Industrial Operations X, providing solutions ranging from sensor, edge, and cloud to IoT as service and low-code development capacities.

Which Segments in the IoT in Smart Cities Market Offer the Most Profit Potential?
The iot in smart citiesmarket 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 Firms Dominate the IoT in Smart Cities Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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.

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