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The Internet of Things (IoT) in smart cities market is estimated to grow from USD 51.96 Billion in 2015 to USD 147.51 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period. IoT in smart cities refers to the modern human settlements with smarter utilization and deployment of available resources. IoT in smart cities can be correlated with economic stability and wise usage of natural resources to provide smart investments in human and social capital, along with transportation and modern communication infrastructures and a high quality of life to the citizens. The increasing adoption of IoT is driving this market; the IoT platforms segment is expected to grow higher than the IoT solutions segment during the forecast period. Presently, North America is the largest market for IoT in smart cities platform. The report aims at estimating the market size and future growth potential of the IoT smart cities market across different segments, such as solution, technology, service, platform, application, and region. The years considered for the study are: - Estimated Year – 2015
- Projected Year – 2020
- Forecast Period – 2015 to 2020
For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered. The research methodology used to estimate and forecast the IoT smart cities market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the IoT in smart cities from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through primary research by conducting extensive interviews with key industry personnel, such as chief executive officers, vice presidents, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary discussion participants is depicted in the below figure: 
Some of the key players in the IoT smart cities market ecosystem that offer solutions, technologies, platforms, services, and applications are given below: Real-Time Streaming Analytics: Microsoft (Redmond, WA, U.S.), SAP (Walldorf, Germany), Amazon Web Services (Seattle, WA, U.S.), and many more IoT Platform: PTC (ThingWorx) (Exton, U.S.), ClearBlade Inc. (Texas, U.S.), and Davra Networks (California, U.S.) Key Target audience - IoT In Smart Cities Solution Vendors
- System Integrators
- Consultants/Consultancies/Advisory Firms
- Training and Education Service Providers
- Support and Maintenance Service Providers
- National Regulatory Authorities
- Independent Software Vendors (ISVs)
- Cloud Business Intelligence (BI) Platform Vendors
- Investors and Venture Capitalists
Scope of the Report The research report categorizes the IoT smart cities market to forecast the revenues and analyze the trends in each of the following sub-markets: By Solution - Location Analytics
- Network Security
- Application Security
- Real-Time Streaming Analytics
- Network Bandwidth Management
- Remote Monitoring System
- Data Management
By Service - System Integration
- Other Services
By Platform - Application Management Platform
- Device Management Platform
- Connectivity Management Platform
By Region - North America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
Available Customizations With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report: Product Analysis - Product matrix provides a detailed information and product comparison
Geographic Analysis - Further breakdown of the North America IoT in Smart Cities market
- Further breakdown of the Europe IoT in Smart Cities market
- Further breakdown of the APAC IoT in Smart Cities market
- Further breakdown of the MEA IoT in Smart Cities market
- Further breakdown of the Latin America IoT in Smart Cities market
Company Information - Detailed analysis and profiling of additional market players
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