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Monday, December 6, 2021

IoT in global smart city market is anticipated to grow at a CAGR of 19% during 2020-2026

The global IoT in global smart city market is projected to reach $353.3 billion by 2026, at a CAGR of 19% during 2020-2026. The growth of IoT in global smart city market is driven by increasing development of smart cities, growing urbanization with increasing adoption of connected and smart technology, and demand for public safety.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the IoT in global smart city market  by application (smart governance, smart building and infrastructure, smart utilities, smart health, public safety, and smart transportation), technology (short range, LPWA, cellular, and others), component (solution and service), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the IoT in global smart city market?

Q.4 What are some changing demands of customers in the IoT in global smart city market?

Q.5 What are the new developments in the IoT in global smart city market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this IoT in global smart city area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this IoT in global smart city market?

Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of Artificial Intelligence in IoT applications.

Download Brochure of this report by clicking on
https://www.lucintel.com/iot-in-smart-city-market.aspx

Market Segmentation:

Based on product type, the IoT in global smart city market is segmented into short range, LPWA, cellular, and others. The short range segment is accounted for the largest share of the market in 2020 due increasing demand for wireless network for the development of smart infrastructure and building automation system.      

Asia Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period, supported by growing urbanization, increasing demand for efficient infrastructure, and growing public safety concerns.

Key Players in the IoT in global smart city market are IBM, Cisco, Intel, Huawei, and Microsoft.

Request Sample Pages by clicking on  

https://www.lucintel.com/iot-in-smart-city-market.aspx

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/iot-in-smart-city-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: 
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751


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