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Global IoT in Smart Cities Market 2019-2023 - Focus on Remote Monitoring, Network Management, Analytics, RTLS, & Security

Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "IoT in Smart Cities Market by Solution (Remote Monitoring, Network Management, Analytics, RTLS, Security), Service, Application (Smart Transportation, Buildings, Utilities, Healthcare and Public Safety), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global IoT in smart cities market size from 2016 to 2023. The market size is expected to grow from USD 79.50 billion in 2018 to USD 219.58 billion by 2023, at a CAGR of 22.5% during the forecast period.

The concept of smart cities' includes the integration of multiple technologies to enable the traits of smart economy comprising smarter transportation, smarter building, smarter people and smarter governance. These cities are differentiated in terms of their governance, technological advances, and environmental standards. The IoT in smart cities market revolves around the adoption of IoT-based connectivity for realtime communication in smart cities. The integration of IoT with the infrastructure in smart cities brings improved security, scalability, rapid decision-making, and ease of operations.

Smart city projects have evolved through various phases over the past five years, from being a vendor driven technology-centric vision of smart cities to citizen-centric models. Companies, nowadays, are concentrating more on providing solutions to refine the citizen interaction with the government. Governments across regions are focusing on the development and integration of more citizen centric interactive open platforms for better communication with the citizens. To ensure better co-ordination and control around the same, governments are focusing extensively on deployment of IoT solutions and services. Even in the developing regions, there is a huge focus on upgrading the legacy Information Technology (IT) infrastructure to the IoTready infrastructure.

This growth is fueled by increase in the smart city projects, growth in the number of government initiatives and PPP models for smart cities, and improvement in the communication infrastructure due to IoT.

The report also contains the competitive landscape and profiling of the major technology vendors, such as Cisco Systems, Inc (Cisco), IBM Corporation (IBM), Huawei Technologies Co., Ltd (Huawei), Intel Corporation (Intel), Microsoft Corporation (Microsoft), Bosch Software Innovations (Bosch Software Innovations), PTC (PTC), Siemens AG (Siemens), Verizon Communications (Verizon), Honeywell International, Inc. (Honeywell), Hitachi Ltd. (Hitachi), Arm Ltd (Arm), Schneider Electric (Schneider), Sierra Wireless (Sierra Wireless), and Quantela (Quantela).

These companies have adopted various strategies to cater to the growing demand for IoT in smart cities and strengthen their position in the market. Some of these strategies are mergers and acquisitions, partnerships and collaborations, and product developments. These strategies have also been tracked and mentioned in the report.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the IoT in Smart Cities Market
4.2 Market By Offering, 2018-2023
4.3 Market By Solution, 2018-2023
4.4 Market By Service, 2018-2023
4.5 Market By Application, 2018-2023
4.6 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of Government Initiatives and PPP Models for Smart Cities
5.2.1.2 IoT to Bring Improvements to the Communication Infrastructure
5.2.1.3 Rising Adoption of Connected and Smart Technologies in Smart Cities Initiatives
5.2.2 Restraints
5.2.2.1 Privacy and Security Concerns Over the Use of IoT
5.2.2.2 Lack of Advancements in Communication Technology and Poor Operational Efficiency in Developing Economies
5.2.3 Opportunities
5.2.3.1 Increase in Smart City Initiatives Worldwide
5.2.3.2 Increase in Connected Devices to Drive the Growth of IoT
5.2.3.2.1 Smart Meters
5.2.3.2.2 Smart Appliances
5.2.3.3 Emerging 5G Technology to Help IoT Adoption, Globally
5.2.4 Challenges
5.2.4.1 Lack of Knowledge Among People About IoT and Smart Cities
5.2.4.2 Huge Initial Investments Required for IoT in Smart Cities
5.3 Industry Trends
5.3.1 Use Cases
5.3.1.1 Use Case 1: Cisco: Wi-Fi Paves the Way for IoT Platform to Make the Government More Efficient
5.3.1.2 Use Case 2: IBM: Building Citizen-Focused Public Services in Jakarta
5.3.1.3 Use Case 3: Nokia: Smart Tampere Initiative for the Digital Technology Implementation
5.3.1.4 Use Case 4: Huawei: Build Smart City Network (Inspired By Nervous System) in Rivas-Vaciamadrid, Spain
5.3.1.5 Use Case 5: Compology: Startup Working on Municipal Service Management in Boston and Baltimore Cities in the US
5.4 Ecosystem Analysis
5.4.1 Smart Transportation
5.4.2 Smart Buildings
5.4.3 Smart Utilities
5.4.4 Smart Citizen Services

6 IoT in Smart Cities Market, By Offering
6.1 Introduction
6.2 Solutions
6.2.1 Rapid Digitalization to Increase the Demand for IoT Solutions
6.3 Services
6.3.1 Requirement of Highly Customized Solutions and Need to Focus on Core Operations to Drive the Market of Services Segment

7 IoT in Smart Cities Market, By Solution
7.1 Introduction
7.2 Remote Monitoring
7.2.1 Need for Monitoring Diverse Facilities to Increase the Demand for Remote Monitoring Solution
7.3 Real-Time Location System
7.3.1 MEA to Show High Growth for Real-Time Location System
7.4 Network Management
7.4.1 Demand for Network Management Solution to Be High in North America
7.5 Security
7.5.1 Cyber-Attacks on Smart Cities Infrastructure to Raise the Demand for Security Solution
7.6 Data Management
7.6.1 Need to Manage Data From Various Applications to Drive the Market of Data Management
7.7 Reporting and Analytics
7.7.1 Need to Translate Raw Data Into Useful Information Increased the Demand for Reporting and Analytics Solution

8 IoT in Smart Cities Market, By Service
8.1 Introduction
8.2 Professional Services
8.2.1 Consulting
8.2.1.1 Surge in Demand for Highly Customized IoT Services to Increase the Demand for Consulting Services
8.2.2 Deployment and System Integration
8.2.2.1 Need to Integrate With Existing Systems to Increase the Demand for Deployment and System Integration Services
8.2.3 Support and Maintenance
8.2.3.1 24/7 Troubleshooting Assistance, Software Upgrade, and Other Services to Increase the Demand for Support and Maintenance Services
8.3 Managed Services
8.3.1 Increasing Adoption of Outsourced IoT Services to Drive the Managed Services Market

9 IoT in Smart Cities Market, By Application
9.1 Introduction
9.2 Smart Transportation
9.2.1 Rapid Increase in Traffic Congestion to Create A Demand for IoT
9.3 Smart Building
9.3.1 Commercial Buildings to Rapidly Implement IoT Solutions for Optimizing Their Energy Consumption
9.4 Smart Utilities
9.4.1 Increasing Focus on Optimizing Resources With Minimal Downtime and Wastage to Increase the Demand for IoT Solutions
9.5 Smart Citizen Services
9.5.1 Education
9.5.1.1 Increasing Adoption of Mobile Devices and Tablets to Drive IoT Penetration in Education
9.5.2 Healthcare
9.5.2.1 IoT to Be Used Extensively in Medical Records Management, Remote Monitoring, Data Analytics, and Telemedicine
9.5.3 Public Safety
9.5.3.1 High Risk and Threat of Potential Damage From External Attacks and Natural Calamities to Increase the Adoption of IoT in Public Safety

10 IoT in Smart Cities Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis for the IoT in Smart Cities Market
11.3 Competitive Scenario

12 Company Profiles

  • ARM
  • Bosch Software Innovations
  • Cisco
  • Hitachi
  • Honeywell
  • Huawei
  • IBM
  • Intel
  • Microsoft
  • PTC
  • Quantela
  • Schneider Electric
  • Siemens
  • Sierra Wireless
  • Tech Mahindra

For more information about this report visit https://www.researchandmarkets.com/research/ww2cdw/global_iot_in?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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                    Related Topics: Internet of Things and M2M
                    

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