Unlocking the Smart Future: Growth Trajectories of IoT in Urban Environments

The IoT in Smart Cities Market is expected to register a CAGR of 20.1% during 2023–2031. Growing adoption of 5G is likely to remain a key trend in the market.

The implementation of IoT technology in smart cities helps in the development of sustainable, eco-friendly, resourceful, competent, and connected urban centers. The growth of the market is fueled by the penetration of IoT in smart city systems, which provides comfort, productivity, and preservation of the environment for citizens.

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