The North America IoT in Smart Cities Market would witness market growth of 17.2% CAGR during the forecast period (2021-2027).
In the last few years, the introduction of modern technologies and their incorporation into various sectors has increased at a rapid pace. Governments in both developed and emerging nations are now actively planning to build smart cities, resulting in a considerable increase in demand in this industry. Moreover, the use of IoT services aids in the provision of better and more advanced security solutions as well as the monitoring of assets from a remote place without the need for physical presence.
Many governments are using the Internet of Things (IoT) platforms with an aim to observe city infrastructures and manage aspects like traffic flows and parking to water and air quality. These cities are tackling long-term planning decisions focused on environmental sustainability using the generated smart data. As the world is slowly transitioning toward urbanization, more smart city initiatives and projects will emerge in the next few years.
The region is witnessing increasing number government initiatives and funding for smart city projects across the United States and Canada. For instance, A Mexican city, for example, is utilizing AT&T Control Center, an IoT platform, to effectively manage connected devices in real-time.
Some of the key trends of the regional market are rise of the overall smart device industry and technological advancements in the fields of machine learning, nanotechnology, and others. To identify new sources of renewable energy, the government has launched several energy storage initiatives in conjunction with significant stakeholders in the energy industry. For example, in May 2019, the state of Utah plans to install the 'Advanced Clean Energy Storage (ACES)' project in central Utah in collaboration with Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development.
The US market dominated the North America IoT in Smart Cities Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $92.3 billion by 2027. The Canada market is exhibiting a CAGR of 19.9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 18.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global IoT in Smart Cities Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America IoT in Smart Cities Market, by Component
1.4.2 North America IoT in Smart Cities Market, by Application
1.4.3 North America 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. North America IoT in Smart Cities Market by Component
4.1 North America Solution Market by Country
4.2 North America IoT in Smart Cities Market by Solution Type
4.2.1 North America Remote Monitoring Market by Country
4.2.2 North America Data Management Market by Country
4.2.3 North America Security Market by Country
4.2.4 North America Real-time Location System Market by Country
4.2.5 North America Reporting & Analytics Market by Country
4.2.6 North America Network Management Market by Country
4.3 North America Services Market by Country
4.4 North America IoT in Smart Cities Market by Services Type
4.4.1 North America Professional Services Market by Country
4.4.2 North America Managed Services Market by Country
Chapter 5. North America IoT in Smart Cities Market by Application
5.1 North America Smart Citizen Services Market by Country
5.2 North America Smart Building Market by Country
5.3 North America Smart Transportation Market by Country
5.4 North America Smart Utilities Market by Country
Chapter 6. North America IoT in Smart Cities Market by Country
6.1 US IoT in Smart Cities Market
6.1.1 US IoT in Smart Cities Market by Component
6.1.1.1 US IoT in Smart Cities Market by Solution Type
6.1.1.2 US IoT in Smart Cities Market by Services Type
6.1.2 US IoT in Smart Cities Market by Application
6.2 Canada IoT in Smart Cities Market
6.2.1 Canada IoT in Smart Cities Market by Component
6.2.1.1 Canada IoT in Smart Cities Market by Solution Type
6.2.1.2 Canada IoT in Smart Cities Market by Services Type
6.2.2 Canada IoT in Smart Cities Market by Application
6.3 Mexico IoT in Smart Cities Market
6.3.1 Mexico IoT in Smart Cities Market by Component
6.3.1.1 Mexico IoT in Smart Cities Market by Solution Type
6.3.1.2 Mexico IoT in Smart Cities Market by Services Type
6.3.2 Mexico IoT in Smart Cities Market by Application
6.4 Rest of North America IoT in Smart Cities Market
6.4.1 Rest of North America IoT in Smart Cities Market by Component
6.4.1.1 Rest of North America IoT in Smart Cities Market by Solution Type
6.4.1.2 Rest of North America IoT in Smart Cities Market by Services Type
6.4.2 Rest of North America 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 North America IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 7 North America IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 North America IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 11 North America IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 12 North America Remote Monitoring Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Remote Monitoring Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Data Management Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Data Management Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Security Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Security Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Real-time Location System Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Real-time Location System Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Reporting & Analytics Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Reporting & Analytics Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Network Management Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Network Management Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Services Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Services Market by Country, 2021 - 2027, USD Million
TABLE 26 North America IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 27 North America IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 28 North America Professional Services Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Professional Services Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Managed Services Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Managed Services Market by Country, 2021 - 2027, USD Million
TABLE 32 North America IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 33 North America IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 34 North America Smart Citizen Services Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Smart Citizen Services Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Smart Building Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Smart Building Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Smart Transportation Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Smart Transportation Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Smart Utilities Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Smart Utilities Market by Country, 2021 - 2027, USD Million
TABLE 42 North America IoT in Smart Cities Market by Country, 2017 - 2020, USD Million
TABLE 43 North America IoT in Smart Cities Market by Country, 2021 - 2027, USD Million
TABLE 44 US IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 45 US IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 46 US IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 47 US IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 48 US IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 49 US IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 50 US IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 51 US IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 52 US IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 53 US IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 54 Canada IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 55 Canada IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 56 Canada IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 57 Canada IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 58 Canada IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 59 Canada IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 60 Canada IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 61 Canada IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 62 Canada IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 63 Canada IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 64 Mexico IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 65 Mexico IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 66 Mexico IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 67 Mexico IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 68 Mexico IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 69 Mexico IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 70 Mexico IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 71 Mexico IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 72 Mexico IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 73 Mexico IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 74 Rest of North America IoT in Smart Cities Market, 2017 - 2020, USD Million
TABLE 75 Rest of North America IoT in Smart Cities Market, 2021 - 2027, USD Million
TABLE 76 Rest of North America IoT in Smart Cities Market by Component, 2017 - 2020, USD Million
TABLE 77 Rest of North America IoT in Smart Cities Market by Component, 2021 - 2027, USD Million
TABLE 78 Rest of North America IoT in Smart Cities Market by Solution Type, 2017 - 2020, USD Million
TABLE 79 Rest of North America IoT in Smart Cities Market by Solution Type, 2021 - 2027, USD Million
TABLE 80 Rest of North America IoT in Smart Cities Market by Services Type, 2017 - 2020, USD Million
TABLE 81 Rest of North America IoT in Smart Cities Market by Services Type, 2021 - 2027, USD Million
TABLE 82 Rest of North America IoT in Smart Cities Market by Application, 2017 - 2020, USD Million
TABLE 83 Rest of North America IoT in Smart Cities Market by Application, 2021 - 2027, USD Million
TABLE 84 Key information – IBM Corporation
TABLE 85 Key information – Schneider Electric SE
TABLE 86 Key Information – Siemens AG
TABLE 87 key information – Microsoft Corporation
TABLE 88 Key Information – Intel Corporation
TABLE 89 Key Information – Hitachi, Ltd.
TABLE 90 Key Information – Tech Mahindra Limited
TABLE 91 key information – Huawei Technologies Co., Ltd.
TABLE 92 key information – Robert Bosch GmbH
TABLE 93 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.