IoT in Smart Cities Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis | Verizon Communications, Takadu Ltd, Tech Mahindra Ltd

Posted on 2022-08-08 by Sandeep in Media, Technology, Telecommunications // 0 Comments

New York, 2022-Jul-14 — /EPR Network/ — Global IoT in Smart Cities Market report from Global Insight Services is the single authoritative source of intelligence on IoT in Smart Cities Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

IoT in Smart Cities is a system of interconnected devices and sensors that collect and share data about the cityâ€™s infrastructure and services. The data is used to improve the efficiency of city services and to make the city more livable for residents. The IoT system can include devices such as traffic lights, parking meters, and waste management sensors.

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Key Trends

There are a few key trends in IoT in Smart Cities technology. One is the trend of using IoT to manage city infrastructure. This includes using sensors to monitor traffic, water, and electricity usage, as well as using IoT to manage city resources like trash and recycling. Another trend is using IoT to improve public safety. This includes using sensors to monitor crime, as well as using IoT to monitor and respond to natural disasters.

Key Drivers

The key drivers of IoT in Smart Cities market are:

1. Increasing adoption of connected devices: There is a growing trend of connected devices in smart cities. This is due to the increasing adoption of IoT technology.

2. Growing need for better urban planning: Smart cities are often complex systems, with a large number of interconnected devices and systems. This complexity makes it difficult to manage and plan urban areas effectively.

Market Segments

By Offering

Solution
Services

By Application

Smart Transportation
Smart Building
Smart Utilities

By Enterprise

Large Enterprises
Medium and Small Enterprises

By Region

North America

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Key Players

Verizon Communications
Takadu Ltd
Tech Mahindra Ltd
Appyway
Hitachi Ltd
Arm Ltd
Honeywell International Inc
Microsoft Corporation

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