Indonesia: smart cities market revenue 2019-2029

The revenue in the 'Smart Cities' segment of the internet of things market in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 0.9 billion U.S. dollars (+140.62 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 1.56 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Smart Cities' segment of the internet of things market was continuously increasing over the past years.

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Revenue of the smart cities market in Indonesia from 2019 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Smart Cities term refers to usage of Internet of Things (IoT) technologies in order to improve the quality of life for its citizens, enhance sustainability, and optimize urban services. In a smart city, various devices and sensors are installed throughout the urban landscape to create the intelligent transportation systems, smart grids and public safety systems.

Additional information:

The Internet of Things market compromise of revenue and revenue growth as the key performance indicators. The market consists of pure IoT revenues generated through the sale of hardware (such as sensors, chips, and other hardware), platforms (IoT platforms, security software and other software), connectivity (cellular, LoRa, SigFox and other connectivity) and services (integration &maintenance of equipment & systems). As an example, the pure IoT revenue for a smart security camera is only the component that makes the camera 'smart' and connected, not the full product price. Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Some of the key players include Alphabet, Huawei and Cisco.

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