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Internet of Things in Smart Cities Market by Solutions Platform Application - Global Forecast to 2020

LONDON, May 12, 2016 /PRNewswire/ -- "Increasing demand for intelligent cities and IoT devices is expected to drive the Internet of Things (IoT) in smart cities market"
The IoT in smart cities market size 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%. North America is expected to hold the largest market share and dominate the IoT in smart cities market in 2015. Also, the market size in North America is expected to decrease slightly during the forecast period as most of the IoT in smart cities projects funded by American Recovery and Reinvestment Act (ARRA) 2009 for investor- owned larger energy and utilities in the U.S. are expected to reach completion by early 2018. The IoT in smart cities solutions segment is expected to have the least growth rate during the forecast period. Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The inadequate financial incentives for transportation and energy management, utilities, interoperability, and security issues are a few pivotal factors hindering the growth of the IoT in smart cities in the APAC region.

"Data management solutions sub segment holds the most promising potential for the next five years
Data has become a crucial element in every sector and managing it is of utmost importance to understand the pattern and develop logical insights out of it. Companies such as IBM...