IoTC SmartReport Smart Cities May 2020
The Internet of Things Consortium curates monthly SmartReports which highlight latest trends, market stats and use cases across five categories of IoT – smart cities, connected homes, wearables, autonomous vehicles/transportation and retail transformation.

We are pleased to provide the latest SmartReport on Smart Cities.

Thanks in large part to the internet, which has enabled the sharing of news and information in real time, we have become more acutely aware of our circumstances over the last three decades, as well as the urgency in finding sustainable solutions to address our most pressing concerns at the moment. Many believe now that the Internet of Things (IoT) may hold the key to helping us tackle these problems and advance civilization in a way that improves the quality of life not just for some but for all. And there is good reason. Across the globe, smart cities are showing us how.


  • According to the Consumer Technology Association, the worldwide spending on smart city developments is expected to reach USD 34.35 billion by 2020.
  • In North America alone, more than 81% of people are in urban areas. Latin America and the Caribbean practically equaled the US with 80% urbanization, with Europe being third with 74%. In Asia the index is at 49%, and 41% in Africa. The context encourages the construction of megaprojects of smart cities, built from scratch with major companies or brands behind them.
  • Smart Cities can emerge stronger from the Pandemic. There is scarcely an aspect of life that has not been thoroughly disrupted by the COVID-19 pandemic. The crisis has also dramatically exposed the degree to which consumers, employers and workers are relying on connected technology to carry on, whether through video conferencing, telemedicine or other digital platforms.

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