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IoT in Smart Cities Market worth $260.0 billion by 2025 - Exclusive Report by MarketsandMarkets™CHICAGO, Aug. 11, 2020 /PRNewswire/ -- According to the new market research report "IoT in Smart Cities Market by Solution (Remote Monitoring, Network Management, Reporting, and Analytics), Service, Application (Smart Transportation, Smart Building, Smart Utilities, and Smart Citizen Services), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the global IoT in Smart Cities Market size is expected to grow from USD 113.1 billion in 2020 to USD 260.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period. An increasing number of government initiatives and PPP models for smart cities are driving the IoT in Smart Cities Market.  Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215714954 Browse in-depth TOC on "IoT in Smart Cities Market" 331 – Tables Increasing focus on traffic management and parking management would drive the adoption of IoT in smart cities solutions and services across smart transportation application during the forecast period Smart transportation is all about integrating ICT with the existing transportation infrastructure, delivering real-time online information about the traffic flow and passengers/commuters. IoT emerges as the game-changer in the transportation domain as it has wide applications. The IoT in Smart Cities Market is still in the introductory stage and can be defined as interconnected devices that the transportation and IoT solutions providers use to get more visibility into transportation and the associated other components, such as traffic management and parking management. In the coming years, the demand for IoT in smart transportation is expected to increase due to the increased investments for enhancing transportation infrastructures. Rising need to monitor diverse facilities would increase the demand for remote monitoring solutions during the forecast period The IoT in Smart Cities Market covers solutions such as remote monitoring, real-time location system, network management, security, data management, and reporting and analytics. The remote monitoring solution is a reliable facility that enables efficient monitoring and management of various systems, remotely. Through this soluton, one can change the operation of the devices from the central office or remote location. Moreover, remote monitoring is not a new concept for industrial automation, and the world has been using this technology from over 25 years through hardwired ethernet connections. North America to dominate the market during the forecast period North America is expected to dominate the global market from 2020 to 2025, owing to the presence of several solution vendors in the US. Canada has the highest internet penetration rate responsible for the growth of North America. Additionally, the presence of several vendors and favorable support environments has led to the foundation of a robust support ecosystem in the region. The increasing demand for security solutions and the rise in the requirement to safeguard cities and the people from theft would drive the growth of the IoT in Smart Cities Market in this region. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=215714954 The major vendors offering IoT in Smart Cities Market solutions and services are IBM (US), Cisco Systems (US), Intel (US), Huawei (China), Microsoft (US), Tech Mahindra (India), Siemens (Germany), Bosch (Germany), PTC (US), Schneider Electric (France), ARM (England), Quantela (US), Hitachi (Japan), Sierra Wireless (Canada), Youon (China), SAP (Germany), Deutsche Telekom (Germany), Confidex (Finland), Verizon (US), AGT International (Switzerland), Takadu (Israel), Optibus (Israel), Enevo (US), Telensa (UK), FlamencoTech (India). Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting Browse Related Reports: Smart Cities Market by Smart Transportation (Type, Solutions and Services), Smart Buildings (Type, Solutions and Services), Smart Utilities (Type, Solutions and Services), Smart Citizen Services, and Region - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/smart-cities-market-542.html Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), Solution (Smart Ticketing, PIS, Freight Management), Service, Communication Technology, Application, and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra Visit Our Web Site: https://www.marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-smart-cities-market.asp Content Source: https://www.marketsandmarkets.com/PressReleases/iot-smart-cities.asp Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 
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