The Europe IoT in Smart Cities Market would witness market growth of 17.8% CAGR during the forecast period (2021-2027).
As a result of the growing population and rising urbanization, the need for long-distance infrastructure has become a major growth element. Smart city projects in areas like safety, transportation, and utility management are being implemented by governments all around the world to address these concerns. Moreover, factors such as increased traffic congestion and greenhouse gas emissions are projected to boost the use of energy management and smart mobility technology.
Despite the fact that smart city initiatives involve the use of intelligent sensors and a wide range of technologies, the applications may vary by project. It also differs from city to city and community to community. Due to the necessity to develop a sharing economy, preserve energy, and improve resilient cities, the global smart cities industry is also thriving in the global economy.
London and Bristol are the leading countries in adopting smart city solutions, according to the Huawei UK Index. The region is witnessing many initiatives with respect to smart cities. For example, the European Union established many financial programmes in 2017 to promote the development of smart cities throughout Europe. The government has launched the 'SET Plan' and the '7th Framework Programme' for research in order to accelerate the implementation of smart cities in the European region. Similarly, the Federal Ministry of Transport, Innovation and Technology (BMVIT), as well as the Climate and Energy Fund, are heavily investing in the development and implementation of smart city programmes in Austria.
The Urban Platform initiative represents the way in which European cities foster better society outcomes through an interaction designed to improve knowledge and management within large volumes of city data, making a further connection with the sharing of this data and the improvement of city services through the European Innovation Partnership for Smart Cities & Communities (EIP SCC). Moreover, the CAPSELLA project (Collective Awareness Platforms for Environmentally Sound Land Management) is an evolutionary ICT application of smart cities urban management based on data technologies and sustainable agri-food systems.
The Germany market dominated the Europe IoT in Smart Cities Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $20.7 billion by 2027. The UK market is estimated to witness a CAGR of 16.9% during (2021 - 2027). Additionally, The France market would grow at a CAGR of 18.7% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Remote Monitoring, Data Management, Security, Real-time Location System, Reporting & Analytics, and Network Management. Based on Services type, the market is segmented into Professional Services and Managed Services. Based on Application, the market is segmented into Smart Citizen Services, Smart Building, Smart Transportation, and Smart Utilities. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IoT in Smart Cities Market Size will Hit $347.6 Billion by 2027, at a CAGR of 18.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Schneider Electric SE, Siemens AG, Microsoft Corporation, Intel Corporation, Hitachi, Ltd., Tech Mahindra Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Robert Bosch GmbH, and Honeywell International, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Remote Monitoring
- Data Management
- Security
- Real-time Location System
- Reporting & Analytics
- Network Management
- Services
- Professional Services
- Managed Services
By Application
- Smart Citizen Services
- Smart Building
- Smart Transportation
- Smart Utilities
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Schneider Electric SE
- Siemens AG
- Microsoft Corporation
- Intel Corporation
- Hitachi, Ltd.
- Tech Mahindra Limited
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Robert Bosch GmbH
- Honeywell International, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe IoT in Smart Cities Market, by Component
1.4.2 Europe IoT in Smart Cities Market, by Application
1.4.3 Europe IoT in Smart Cities Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisitions and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2017, Mar – 2022, Jan) Leading Players
Chapter 4. Europe IoT in Smart Cities Market by Component
4.1 Europe Solution Market by Country
4.2 Europe IoT in Smart Cities Market by Solution Type
4.2.1 Europe Remote Monitoring Market by Country
4.2.2 Europe Data Management Market by Country
4.2.3 Europe Security Market by Country
4.2.4 Europe Real-time Location System Market by Country
4.2.5 Europe Reporting & Analytics Market by Country
4.2.6 Europe Network Management Market by Country
4.3 Europe Services Market by Country
4.4 Europe IoT in Smart Cities Market by Services Type
4.4.1 Europe Professional Services Market by Country
4.4.2 Europe Managed Services Market by Country
Chapter 5. Europe IoT in Smart Cities Market by Application
5.1 Europe Smart Citizen Services Market by Country
5.2 Europe Smart Building Market by Country
5.3 Europe Smart Transportation Market by Country
5.4 Europe Smart Utilities Market by Country
Chapter 6. Europe IoT in Smart Cities Market by Country
6.1 Germany IoT in Smart Cities Market
6.1.1 Germany IoT in Smart Cities Market by Component
6.1.1.1 Germany IoT in Smart Cities Market by Solution Type
6.1.1.2 Germany IoT in Smart Cities Market by Services Type
6.1.2 Germany IoT in Smart Cities Market by Application
6.2 UK IoT in Smart Cities Market
6.2.1 UK IoT in Smart Cities Market by Component
6.2.1.1 UK IoT in Smart Cities Market by Solution Type
6.2.1.2 UK IoT in Smart Cities Market by Services Type
6.2.2 UK IoT in Smart Cities Market by Application
6.3 France IoT in Smart Cities Market
6.3.1 France IoT in Smart Cities Market by Component
6.3.1.1 France IoT in Smart Cities Market by Solution Type
6.3.1.2 France IoT in Smart Cities Market by Services Type
6.3.2 France IoT in Smart Cities Market by Application
6.4 Russia IoT in Smart Cities Market
6.4.1 Russia IoT in Smart Cities Market by Component
6.4.1.1 Russia IoT in Smart Cities Market by Solution Type
6.4.1.2 Russia IoT in Smart Cities Market by Services Type
6.4.2 Russia IoT in Smart Cities Market by Application
6.5 Spain IoT in Smart Cities Market
6.5.1 Spain IoT in Smart Cities Market by Component
6.5.1.1 Spain IoT in Smart Cities Market by Solution Type
6.5.1.2 Spain IoT in Smart Cities Market by Services Type
6.5.2 Spain IoT in Smart Cities Market by Application
6.6 Italy IoT in Smart Cities Market
6.6.1 Italy IoT in Smart Cities Market by Component
6.6.1.1 Italy IoT in Smart Cities Market by Solution Type
6.6.1.2 Italy IoT in Smart Cities Market by Services Type
6.6.2 Italy IoT in Smart Cities Market by Application
6.7 Rest of Europe IoT in Smart Cities Market
6.7.1 Rest of Europe IoT in Smart Cities Market by Component
6.7.1.1 Rest of Europe IoT in Smart Cities Market by Solution Type
6.7.1.2 Rest of Europe IoT in Smart Cities Market by Services Type
6.7.2 Rest of Europe IoT in Smart Cities Market by Application
Chapter 7. Company Profiles
7.1 IBM Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Schneider Electric SE
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental And Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.6 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Acquisitions and Mergers:
7.3.5.3 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Microsoft Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.6 SWOT Analysis
7.5 Intel Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Hitachi, Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Acquisitions and Mergers:
7.6.5.3 Product Launches and Product Expansions:
7.7 Tech Mahindra Limited
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.6 SWOT Analysis
7.8 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Product Launches and Product Expansions:
7.9 Robert Bosch GmbH
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Product Launches and Product Expansions:
7.9.6 SWOT Analysis
7.10. Honeywell International, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional & Segmental Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.6 SWOT Analysis
TABLE 1 Europe IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 2 Europe IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– IoT in Smart Cities Market
TABLE 4 Product Launches And Product Expansions– IoT in Smart Cities Market
TABLE 5 Acquisition and Mergers– IoT in Smart Cities Market
TABLE 6 Europe IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 7 Europe IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 8 Europe Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 11 Europe IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 12 Europe Remote Monitoring Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe Remote Monitoring Market by Country, 2021 - 2027, USD Million
TABLE 14 Europe Data Management Market by Country, 2017 - 2020, USD Million
TABLE 15 Europe Data Management Market by Country, 2021 - 2027, USD Million
TABLE 16 Europe Security Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe Security Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe Real-time Location System Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe Real-time Location System Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Reporting & Analytics Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Reporting & Analytics Market by Country, 2021 - 2027, USD Million
TABLE 22 Europe Network Management Market by Country, 2017 - 2020, USD Million
TABLE 23 Europe Network Management Market by Country, 2021 - 2027, USD Million
TABLE 24 Europe Services Market by Country, 2017 - 2020, USD Million
TABLE 25 Europe Services Market by Country, 2021 - 2027, USD Million
TABLE 26 Europe IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 27 Europe IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 28 Europe Professional Services Market by Country, 2017 - 2020, USD Million
TABLE 29 Europe Professional Services Market by Country, 2021 - 2027, USD Million
TABLE 30 Europe Managed Services Market by Country, 2017 - 2020, USD Million
TABLE 31 Europe Managed Services Market by Country, 2021 - 2027, USD Million
TABLE 32 Europe IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 33 Europe IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 34 Europe Smart Citizen Services Market by Country, 2017 - 2020, USD Million
TABLE 35 Europe Smart Citizen Services Market by Country, 2021 - 2027, USD Million
TABLE 36 Europe Smart Building Market by Country, 2017 - 2020, USD Million
TABLE 37 Europe Smart Building Market by Country, 2021 - 2027, USD Million
TABLE 38 Europe Smart Transportation Market by Country, 2017 - 2020, USD Million
TABLE 39 Europe Smart Transportation Market by Country, 2021 - 2027, USD Million
TABLE 40 Europe Smart Utilities Market by Country, 2017 - 2020, USD Million
TABLE 41 Europe Smart Utilities Market by Country, 2021 - 2027, USD Million
TABLE 42 Europe IoT in Smart Cities Market by Country, 2017 - 2020, USD Million
TABLE 43 Europe IoT in Smart Cities Market by Country, 2021 - 2027, USD Million
TABLE 44 Germany IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 45 Germany IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 46 Germany IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 47 Germany IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 48 Germany IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 49 Germany IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 50 Germany IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 51 Germany IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 52 Germany IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 53 Germany IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 54 UK IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 55 UK IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 56 UK IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 57 UK IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 58 UK IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 59 UK IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 60 UK IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 61 UK IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 62 UK IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 63 UK IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 64 France IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 65 France IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 66 France IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 67 France IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 68 France IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 69 France IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 70 France IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 71 France IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 72 France IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 73 France IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 74 Russia IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 75 Russia IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 76 Russia IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 77 Russia IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 78 Russia IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 79 Russia IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 80 Russia IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 81 Russia IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 82 Russia IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 83 Russia IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 84 Spain IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 85 Spain IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 86 Spain IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 87 Spain IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 88 Spain IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 89 Spain IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 90 Spain IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 91 Spain IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 92 Spain IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 93 Spain IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 94 Italy IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 95 Italy IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 96 Italy IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 97 Italy IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 98 Italy IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 99 Italy IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 100 Italy IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 101 Italy IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 102 Italy IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 103 Italy IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 104 Rest of Europe IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 105 Rest of Europe IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 106 Rest of Europe IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 107 Rest of Europe IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 108 Rest of Europe IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 109 Rest of Europe IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 110 Rest of Europe IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 111 Rest of Europe IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 112 Rest of Europe IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 113 Rest of Europe IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 114 Key information – IBM Corporation
TABLE 115 Key information – Schneider Electric SE
TABLE 116 Key Information – Siemens AG
TABLE 117 key information – Microsoft Corporation
TABLE 118 Key Information – Intel Corporation
TABLE 119 Key Information – Hitachi, Ltd.
TABLE 120 Key Information – Tech Mahindra Limited
TABLE 121 key information – Huawei Technologies Co., Ltd.
TABLE 122 key information – Robert Bosch GmbH
TABLE 123 Key information – Honeywell International, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and agreements : 2017, Mar – 2022, Jan) Leading Players
FIG 5 Swot analysis: IBM Corporation
FIG 6 Swot analysis: Schneider Electric SE
FIG 7 Recent strategies and developments: Siemens AG
FIG 8 Swot analysis: Siemens AG
FIG 9 SWOT Analysis: Microsoft Corporation
FIG 10 SWOT analysis: Intel corporation
FIG 11 Recent strategies and developments: Hitachi, Ltd.
FIG 12 SWOT Analysis: Tech Mahindra Limited
FIG 13 Recent strategies and developments: Huawei Technologies Co., Ltd.
FIG 14 Swot analysis: Robert bosch gmbh
FIG 15 Swot analysis: Honeywell international, inc.