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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 Global Internet Of Things (IoT) In Smart Cities Market is estimated to grow at a Compound Annual Growth Rate (CAGR) of +20% during forecast period.
New market research report gives an in-depth idea about the global Internet Of Things (IoT) In Smart Cities market. It highlights the recent market scenario, growth in the past few years, and opportunities present for companies in the future. In this research for the completion of both primary and secondary details, methods and tools are used. Also, investments instigated by organizations, government, non-government bodies, and institutions are projected in details for better understanding about the market.
Top Companies Profiled in this Report includes, Amazon Web Services (U.S.), PTC (ThingWorx) (U.S.), ClearBlade Inc. (U.S.), Davra Networks (U.S.), Microsoft (U.S.), SAP (Germany)