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IoT in Smart Cities Market to Register 23.3% CAGR till 2028; Increasing Development Initiatives from Governments to Augment Market Growth: Fortune Business Insights™

Key Companies Covered in IoT in Smart Cities Market Research Report Are IBM, Cisco Systems, Inc., Intel Corporation, Huawei Technologies Co., Ltd., Microsoft Corporation, Tech Mahindra Limited, Siemens AG, Robert Bosch GbmH, PTC Ltd., Schneider Electric Infrastructure Ltd., Arm Limited, Quantela Inc., Hitachi High-Tech Corporation, Sierra Wireless, SAP SE, Deutsche Telekom AG, Verizon Communication Inc., AGT International, Qualcomm Technologies, Inc.Pune, India, March 23, 2021 (GLOBE NEWSWIRE) — The global IoT in smart cities market size is projected to reach USD 582.38 billion by 2028, exhibiting a CAGR of 23.3% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “IoT in Smart Cities Market, 2021-2028”. As per the report, the value of the market stood at USD 110.56 billion in 2020. The Internet of Things (IoT) is looked upon as a breakthrough technology for mankind. It is constantly utilized to make our world a smarter place to live. Going by the books, our interaction with the technology dates back to 1974 as the first machine ever made on the IoT platform was the Automated Teller Machine (ATM). Today, it is utilized for a wide range of applications right from the watch on our wrists to the satellites orbiting our planet. COVID-19 Strategies to Set Foundation for Smart Cities in the Long Run The impact of COVID-19 has been full of challenges for the IoT in the smart cities market. Worldwide infrastructure development projects have been put on hold due to the outbreak. However, the strategies implemented in order to handle the crisis are predicted to be the foundation of a well-prepared world with smart capabilities. The steps taken by governments and likely bodies worldwide to manage the pandemic will help in the process of the smart cities projects, helping the market in the long run. Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: Market Segmentation We have categorized the market on the basis of component, application, and geography. In terms of type, the market is divided into solutions and services. Based on application, it is fragmented into smart building, smart healthcare, smart energy, smart transportation, public safety, smart infrastructure, and others. On the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa. What Does the Report Offer? The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market. Request To Sample PDF Brochure: Driving factor Increasing Number of Smart Cities Projects Worldwide to Drive Growth The rapid increase in the number of initiatives taken by governments worldwide to transform urban areas into sustainable and smart cities is projected to drive the global IoT in smart cities market growth. For instance, the Government of India has funded USD 14 billion on the National Smart Cities Mission for the development of 100 major cities in the country. Under this project, the government will focus on building better infrastructure, improving basic facilities, and providing better sanitation using the latest technologies. In addition, the emergence of 5G technology will play a significant role in increasing the demand for IoT in smart cities. The Groupe Spécial Mobile Association (GSMA) suggests that the number of 5G connections worldwide will reach 1.2 billion by 2025, which is a positive trend for the IoT in the smart cities market. The projects involved with the market are highly-data driven and require a robust network to analyze the piling data. The utilization of 5G will help in optimizing their efficiency. Hence, the rapid expansion of 5G infrastructure will complement the growth of IoT in smart cities. Regional Insights Rapid Urbanization in Major countries to Help Asia Pacific Gain Leading Share The market value of Asia Pacific was USD 42.05 billion in 2020. The region is estimated to dominate the IoT in the smart cities market during the forecast period. Rapid urbanization in major countries including India, China, and Japan is the key driver estimated to enhance the market share in the region. For instance, according to a report published by the United Nations in 2019, more than 505 of the population in the region lives in cities. The market in Europe is predicted to register flourishing growth backed by the increasing number of smart city projects in the region. For instance, the Horizon 2020 research and innovation programme backed by the European Union has announced to fund SmartEnCity, a project to build sustainable urban cities in the region. Competitive Landscape Strategic Alliances among Industry Leaders to Help Find New Applications Prominent enterprises operating in the IoT in the smart cities market are focusing on collaborating with leading ICT specialists and other major manufacturers in order to find cutting-edge solutions for several applications. For instance, in October 2020, Bentley Systems, a software development company based in the U.S., joined hands with Microsoft Corporation to develop smart city solutions. Under this partnership the companies will together work on developing the infrastructure for sustainable, advanced cities. Speak to Analyst: Industry Developments: In December 2019, Schneider Electric Infrastructure Ltd. one of the leading energy distribution equipment manufacturers in India, introduced Easy Homes solutions in the country. The solution is designed using the IoT technology and helps customers manage their power equipment at home. In June 2020, Siemens AG, a German multi-industry company, joined hands with Salesforce Inc. to develop a new workplace technology. The solution will help companies to offer a safer experience to their employees after reopening worldwide. List of Key Companies Covered in the IoT in Smart Cities Market Report: IBM Corporation (New York, United States)Cisco Systems, Inc. (California, United States)Intel Corporation (California, United States)Huawei Technologies Co., Ltd. (Shenzhen, China)Microsoft Corporation (Washington, United States)Tech Mahindra Limited (Pune, India)Siemens AG (Munich, Germany)Robert Bosch GbmH (Gerlingen, Germany)PTC Ltd. (Boston, United States)Schneider Electric Infrastructure Ltd. (Rueil-Malmaison, France)Arm Limited (Cambridge, United Kingdom)Quantela Inc. (California, United States)Hitachi High-Tech Corporation (Tokyo, Japan)Sierra Wireless (Richmond, Canada)SAP SE (Walldorf, Germany)Deutsche Telekom AG (Bonn, Germany)Verizon Communication Inc. (New York, United States)AGT International (Zurich, Switzerland)Qualcomm Technologies, Inc. (California, United States) Quick Buy – IoT in Smart Cities Market Research Report: Detailed Table of Content Introduction Definition, By SegmentResearch Methodology/ApproachData Sources Key TakeawaysMarket Dynamics Macro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19 Short-term ImpactLong-term Impact Competition Landscape Business Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPESTLE AnalysisPorter’s Five Force Analysis Global IoT in Smart Cities Key Players Market Share Insights and Analysis, 2020Key Market Insights and Strategic RecommendationsPrimary Interviewee’s Key ResponsesCompanies Profiled (Covered for key 10 players only) Overview Key ManagementHeadquarters etc. Offerings/Business SegmentsKey Details (Key details are subjected to data availability in public domain and/or on paid databases) Employee SizeKey Financials Past and Current RevenueGross MarginGeographical ShareBusiness Segment Share Recent Developments TOC Continued.. Get your Customized Research Report: Have a Look at Related Research Insights: Mobile Virtual Network Operator (MVNO) Market Size, Share & COVID-19 Impact Analysis, By Operational Model (Reseller MVNO, Service Provider MVNO, and Full MVNO), By Service Type (Postpaid and Prepaid), By Subscriber (Business and Individual/Residential), and Regional Forecast, 2021-2028 Cyber Security Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment Type (Cloud and On-Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By Industry (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Regional Forecast, 2021-2028 Enterprise A2P SMS Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premises, and Cloud), By Application (Pushed Content Services, Customer Relationship Management Services, Promotion and Marketing, Interactive Services, and Others), By End User (BFSI, Retail and E-commerce, Travel and Hospitality, Healthcare, Media and Entertainment, and Others), and Regional Forecast, 2021-2028 Big Data as a Service (BDaaS) Market Size, Share & COVID-19 Impact Analysis, By Solution (Hadoop-as-a-Service, Data-as-a-Service and Data Analytics-as-a-Service), By Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), By Industry (BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing and Others) and Regional Forecast, 2021-2028 Cloud Based Contact Center Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions and Services), By Deployment (Public, Private, and Hybrid), By Organization Size (Large Organizations, Small and Medium-Sized Organizations), By Vertical (Banking, Financial Services, and Insurance, ITES, IT and Telecom, Government, Healthcare, Consumer Goods and Retail, Travel and Hospitality) and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email: sales@fortunebusinessinsights.comLinkedIn:

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Canada’s Telesat takes on Musk and Bezos in space race to provide fast broadband



By Steve Scherer

OTTAWA (Reuters) – Canada’s Telesat is racing to launch a low-earth-orbit (LEO) satellite constellation to provide high-speed global broadband from space, pitting the satellite communications firm founded in 1969 against two trailblazing billionaires, Elon Musk and Jeff Bezos.

Musk, the Tesla Inc CEO who was only a year old when Telesat launched its first satellite, is putting the so-called Starlink LEO into orbit with his company SpaceX, and Inc, which Bezos founded, is planning a LEO called Project Kuiper. Bezos also owns Blue Origin, which builds rockets.

Despite the competition, Dan Goldberg, Telesat’s chief executive officer, voices confidence when he calls Telesat’s LEO constellation “the Holy Grail” for his shareholders – “a sustainable competitive advantage in global broadband delivery.”

Telesat’s LEO has a much lighter price tag than SpaceX and Amazon’s, and the company has been in satellite services decades longer. In addition, instead of focusing on the consumer market like SpaceX and Amazon, Telesat seeks deep-pocketed business clients.

Goldberg said he was literally losing sleep six years ago when he realized the company’s business model was in peril as Netflix and video streaming took off and fiber optics guaranteed lightning-fast internet connectivity.

Telesat’s 15 geostationary (GEO) satellites provide services mainly to TV broadcasters, internet service providers and government networks, all of whom were growing increasingly worried about the latency, or time delay, of bouncing signals off orbiters more than 35,000 km (22,200 miles) above earth.

Then in 2015 on a flight home from a Paris industry conference where latency was a constant theme, Goldberg wrote down his initial ideas for a LEO constellation on an Air Canada napkin.

Those ideas eventually led to Telesat’s LEO constellation, dubbed Lightspeed, which will orbit about 35 times closer to earth than GEO satellites, and will provide internet connectivity at a speed akin to fiber optics.

Telesat’s first launch is planned in early 2023, while there are already some 1,200 of Musk’s Starlink satellites in orbit.

“Starlink is going to be in service much sooner … and that gives SpaceX the opportunity to win customers,” said Caleb Henry, a senior analyst at Quilty Analytics.

Starlink’s “first mover” advantage is at most 24 months and “no one’s going to lock this whole market up in that amount of time,” Goldberg said.

Telesat in 2019 signed a launch deal with Bezos’ aerospace company Blue Origin. Discussions are ongoing with three others, said David Wendling, Telesat’s chief technical officer.

They are Japan’s Mitsubishi Heavy Industries Ltd, Europe’s ArianeGroup , and Musk’s SpaceX, which launches the Starlink satellites. Wendling said a decision would be taken in a matter of months.

Telesat aims to launch its first batch of 298 satellites being built by Thales Alenia Space in early 2023, with partial service in higher latitudes later that same year, and full global service in 2024.


The Lightspeed constellation is estimated to cost half as much as the $10 billion SpaceX and Amazon projects.

“We think we’re in the sweet spot,” Goldberg said. “When we look at some of these other constellations, we don’t get it.”

Analyst Henry said Telesat’s focus on business clients is the right one.

“You have two heavyweight players, SpaceX and Amazon, that are already pledging to spend $10 billion on satellite constellations optimized for the consumer market,” he said. “If Telesat can spend half that amount creating a high-performance system for businesses, then yeah, they stand to be very competitive.”

Telesat’s industry experience may also provide an edge.

“We’ve worked with many of these customers for decades … That’s going to give us a real advantage,” Goldberg said.

Telesat “is a satellite operator, has been a satellite operator, and has both the advantage of expertise and experience in that business,” said Carissa Christensen, chief executive officer of the research firm BryceTech, adding, however, that she sees only two to three LEO constellations surviving.

Telesat is nailing down financing – one-third equity and two-thirds debt – and will become publicly traded on the Nasdaq sometime this summer, and it could also list on the Toronto exchange after that. Currently, Canada’s Public Sector Pension Investment Board and Loral Space & Communications Inc are the company’s main shareholders.

France and Canada’s export credit agencies, BPI and EDC respectively, are expected to be the main lenders, Goldberg said. Quebec’s provincial government is lending C$400 million ($317 million), and Canada’s federal government has promised C$600 million to be a preferred customer. The company also posted C$246 million in net income in 2020.

Executing the LEO plan is what keeps Goldberg up at night now, he said.

“When we decided to go down this path, the two richest people in the universe weren’t focused on their own LEO constellations.”

($1 = 1.2622 Canadian dollars)

(Reporting by Steve Scherer in Ottawa; Editing by Matthew Lewis)

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$600K donation to boost online mental health programming in Nova Scotia



Nova Scotia Health’s mental health and addictions program hopes to offer more online support to people across the province after receiving a significant donation this week.

The QEII Foundation announced that RBC is contributing $600,000 toward the province’s e-mental health programming.

“It’s particularly important for the current time under all the strains of COVID,” said Dr. Andrew Harris, a psychiatrist and the senior medical director for the program.

The plan for online programming has been in the works for years, he said, but the pandemic expedited the push. Last June, the department launched a number of applications that can be used to help those with anxiety, depression and addictions.

Since then, as many as 3,000 Nova Scotians have used the site to access mental health services.

“There’s a persistent difficulty in accessing services,” Harris said of traditional models in Nova Scotia. He said those who don’t need intensive therapy may find the support they need through the online programs.

He uses the example of someone who can’t take time off work to speak to a clinician.

“It’s better for them to be able to access a service after hours or on the weekend. So our e-mental health services are tailored a little bit to meet that need.”

Calls to crisis line increase

Harris said the province’s mental health crisis line continues to see a 30 per cent increase in calls for help, so he’s trying to raise awareness that services can be accessed immediately online.

“I think everyone is aware that for a lot of people it’s much easier to talk about a physical illness than a mental illness. So there’s an allowance there for privacy, for some anonymity but still making available things that can help the person who is struggling in the community.”

The online portal has a list of programs that people can use, covering things like reducing stress, solving problems and becoming mindful. It mirrors a site in Newfoundland and Labrador that Harris said is used to help people in remote areas.

Harris said the donation from RBC will be used to continue to evaluate more services, and pay for the licensing of the products that are mostly developed by other organizations.

He encourages anyone who is struggling to test out the site, and use it as an entry point into the mental health system.

“It’s important for people to acknowledge when they’re struggling. It happens to all of us through our lives in different times.”

Anyone in Nova Scotia looking to access the tools can visit:


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Samsung’s cheapest 5G Galaxy phones yet are launching this month




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  • Samsung is launching five new phones in its Galaxy A series this month.
  • Three of them will support 5G connectivity, and the most expensive phone is just $500.
  • The cheapest phone of the five still has three cameras but lacks 5G and other features.
  • See more buying advice on the Insider Reviews homepage.

Samsung may be best known for its high-end Galaxy S phones that rival the iPhone. But the tech giant is proving that it can appeal to cost-conscious customers with the launch of five new smartphones in the United States, the priciest of which only costs $500.

Samsung’s new lineup of budget phones, which debuted in other markets before coming to the US, are all launching this month. Some of them will be released as soon as this week, while the least expensive model will debut on April 29. The launch comes as competitors like Apple and Google have also been focusing on cheaper smartphones to boost sales.

Three of these new Samsung devices also support 5G, another sign that shoppers no longer have to pay a premium to get access to next-generation wireless networks. All five of the new phones also have the traditional headphone jack for wired listening and run on an octa-core processor.

Here’s a look at the new Samsung Galaxy A series phones that will be launching soon.

Samsung Galaxy A52 5G

Galaxy A52 5G_Awesome Black_Front_Back


  • Release date: April 9
  • Price: $499.99

The Galaxy A52 5G is the most expensive smartphone of the bunch. It comes with a 6.5-inch FHD+ screen and a quad-camera system that includes some of the same features as Samsung’s more expensive Galaxy S phones. These include Single Take, which creates several different photos or video clips with different effects with a single press of the shutter button.

Its screen can also boost its refresh rate up to 120Hz for smoother scrolling and performance, a feature that has become common on pricier flagship phones but is rare on cheaper models. It’s also the only phone in this A-series lineup to include Samsung’s notch-free screen design.

Samsung Galaxy A42 5G

Galaxy A42 5G_Prism Dot Black_Front_Back


  • Release date: April 8
  • Price: $399.99

The less expensive Galaxy A42 5G has a slightly larger screen than the A52 5G, but scales back on certain features when it comes to the camera and screen refresh rate.

Still, it has a triple-lens camera with high-resolution sensors, and like its pricier sibling it also supports Single Take.

Samsung Galaxy A32 5G

GalaxyA32 5G_Awesome Black_Front


Release date: April 9

Price: $279.99

The Galaxy A32 5G is Samsung’s cheapest 5G smartphone to date. It has a large 6.5-inch screen, but it’s made from an LCD panel instead of Super AMOLED. That means it will likely lack some of the contrast and boldness of Samsung’s other devices. But Samsung hasn’t skimped on the camera considering this model has a quad-lens main camera, which is rare if not unheard of at that price.

Samsung Galaxy A12

Galaxy A12_Black_Back


Release date: April 9

Price: $179.99

Samsung’s Galaxy A12 doesn’t come with 5G support, but it still gives you a lot for the price. For less than $200, you’re getting a quad-lens camera and a large 6.5-inch LCD screen. But remember this phone only has 32GB of storage, so it’s best suited for those who don’t store a lot of photos and videos on their device.

Samsung Galaxy A02s

Galaxy A02s_Black_Front


  • Release date: April 29
  • Price: $109.99

The Galaxy A02s is Samsung’s cheapest phone, offering a 6.5-inch LCD screen and three main cameras. It doesn’t have 5G support or as much computing power or camera prowess as Samsung’s other A-series phones, but that’s to be expected for a device at this price. This phone is truly for those who just need the basics and little else.

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Source:- Business Insider

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