IoT in Smart Cities Market by Solution (Network Management, Analytics, Remote Monitoring , RTLS, Security), Service, Application (Utilities, Healthcare, Smart Transportation, Buildings, and Public Safety), and Region – 2022 to 2027


The IoT in smart cities market is expected to reach USD 265.8 billion by 2024, growing at a CAGR of 22.12% from 2019 to 2024. The major driving factor of the IoT in smart cities market are the growing number of initiatives by government for smart cities and PPP models for smart cities, improvements in the communication infrastructure along with IoT, and increasing adoption of connected and smart technologies in smart cities initiatives.