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Five-year forecast of IoT smart cities and smart buildings devices, connections, and service revenues


  • Smart cities and smart buildings solutions have been deployed for a number of years but are starting to gain scale now thanks to several factors. Innovative technologies are now paving the way for new solutions to become economically viable. In many regions and countries, governments are making public money available for smart cities initiatives.
  • Smart cities devices will grow from 117m devices in 2018, to 399m by 2023. These devices are segmented by category, and include smart lightposts, smart parking devices, connected CCTV and other public security devices, smart urban transport, and connected waste management and environmental monitoring.
  • While North America and Western Europe will be important markets, the majority of smart cities and buildings devices will be in Asia. High population and are very fast-growing megacities create significant need for smart cities and building applications to manage urban issues and energy.

Features and Benefits

  • Provides detailed smart cities forecasts segmented by application, by technology (cellular generation, LPWAN type, fixed or satellite), and by 20 countries and eight global regions.
  • Includes device and connection volumes as well as revenues, for each application and country.

Key questions answered

  • How quickly will the smart cities market grow over the coming five-year period?
  • Which smart cities applications will see the fastest adoption rates?
  • How will take-up, volumes, and revenue vary by country and region?

Table of contents


  • Introduction
  • Download 1: IoT Forecast: Smart Cities and Buildings, 2018–23

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