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Internet of Things (IoT) in Smart Cities Market: Driving Adoption for a USD 795.98 Billion Future by 2031| SkyQuest Technology

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WESTFORD, Mass., July 5, 2024 /PRNewswire/ — According to SkyQuest, the global Internet of Things (IoT) in Smart Cities Market size was valued at USD 148.60 billion in 2022 poised to grow from USD 179.06 billion in 2023 to USD 795.98 billion by 2031, growing at a CAGR of 20.5% in the forecast period (2024-2031).

The innovative IoT based smart city solutions are increasing the demand in various sectors. These solutions include analytics, security, cloud, and network connectivity. One of the major drivers of market expansion in smart cities is the rise of government initiatives and smart city projects. Growth in the use of IoT technologies for control and monitoring is expected to drive the market. High urban population density contributes to the growth. IoT devices, sensors and data analytics are all integrated into the concept of “smart cities” to enhance urban growth, efficiency and sustainability.

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Internet of Things (IoT) in Smart Cities Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 179.06 billion

Estimated Value by 2031

USD 795.98 billion

Growth Rate

Poised to grow at a CAGR of 20.5%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Offering and Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Evolving IoT Technology and Urban Transformation

Key Market Drivers

Rise in Adoption of IoT Technology

Segments covered in Internet of Things (IoT) in Smart Cities Market are as follows:

OfferingSolutions (Remote Monitoring, Real Time Location System, Data Management, Reporting and Analytics, Security, Network Management), And Services (Professional Services {Consulting, System Integration and Deployment, Support and Maintenance}, And Managed Services)ApplicationSmart Transportation, Smart Building, Utilities, Citizen Services (Education, Healthcare, Public Safety)

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Smart Infrastructure: IoT Offerings Shaping Tomorrow’s Cities

The solutions segment accounted for the largest share and dominate the market. The global internet of things (IoT) in smart cities market offers practical innovative solutions focused on integrated information that stores, processes and acts on large amounts of data generated by networked devices for real-time location system optimization and remote monitoring facilitates better monitoring and faster response.

On the other hand, the services segment of the global market is expected to grow the fastest in the smart city market. First, the challenges of adopting IoT solutions are increasing the need for consulting, integration and managed services, which require specialized skills. Second, cities depend on them tasks are raised to build, deploy and control customized solutions while aiming to maximize the value of IoT systems.

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https://www.skyquestt.com/report/internet-of-things-in-smart-cities-market

Transforming Urban Living: IoT Applications in Smart Cities

Real-time traffic management, predictive maintenance, and advanced public transport planning enabled by communication technologies and data analytics are the main areas of current innovation and applications in smart transportation in the world. There is scarcity of resources, pollution and traffic, and increased accessibility and security. Transportation is the largest segment in the global market by application.

In the market, public sector service centers are expected to grow rapidly due to the global IoT’s ability to improve lives for its inhabitants. It provides smart classrooms by academically enhancing the learning experience. IoT in healthcare enables smarter, more efficient and more efficient patient management, thus contributing to market expansion. It also provides comprehensive surveillance systems and emergency response measures that affect public safety. They have the potential to improve urban growth, efficiency and quality of life. Growing growth in IoT technology and public safety concerns are driving the rapid growth of the segment.

Smart Cities, Smarter Future: The Role of IoT

The Internet of Things (IoT) is changing the way smart cities work, offering unprecedented connectivity and integration. As cities become more connected, the use of IoT technology seamless integration becomes increasingly important in a sustainable environment. These connected devices and sensors can collect and analyze data in real time, allowing for more informed decision making.

Related Reports:

Internet Of Things (IoT) Market

IoT Security Market 

Narrowband-IoT (NB-IoT) Market

Consumer IoT Market

Internet of Things (IoT) Professional Services Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Times of India Launches Inaugural ‘TOI AI Quotient Awards’ to Celebrate Pioneers in AI Innovation

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In collaboration with Knowledge Partner Adrosonic, the premier nomination-led platform will honor excellence, scalability, and measurable impact across India’s AI ecosystem.

NEW DELHI, June 18, 2026 /PRNewswire/ — The Times of India has announced the launch of the inaugural edition of the TOI AI Quotient Awards—India’s most credible, nomination-led recognition platform celebrating excellence in artificial intelligence adoption, innovation, and impact.

Organized in collaboration with Adrosonic as the official Knowledge Partner, the awards will bring together pioneering enterprises, technology leaders, startups, innovators, and institutions that are harnessing the power of AI to drive business transformation, optimize decision-making, and enhance customer experiences.

As AI becomes a core driver of competitiveness and productivity, this initiative marks the beginning of a prestigious annual celebration. The awards aim to spotlight those leveraging AI to solve complex challenges, unlock new opportunities, and deliver meaningful, scalable outcomes across sectors.

Leadership Insights

“The conversation around AI has rapidly moved from experimentation to execution. For modern brands, a high AI Quotient is now a boardroom priority. The TOI AI Quotient Awards will serve as India’s most credible validation platform, spotlighting the enterprises that are successfully navigating this transition to drive real business outcomes and stronger governance. We look forward to uncovering the incredible stories of human-machine collaboration that are redefining the future of Indian industry.”
— Prasad Sanyal, Group Business Head – TOI, IndiaTimes, WhatsHot

“AI will not replace human intelligence, it will amplify it. The organisations that succeed with AI will be those that combine technology with human judgement, domain expertise and a clear focus on business outcomes. The true measure of AI success is not how much AI is deployed, but how effectively it improves decision making and delivers measurable value. Achieving this requires clear objectives, strong governance and responsible guardrails. The TOI AI Quotient Awards celebrate organisations turning AI potential into meaningful business impact.”
— Mayank, Founder & CEO, Adrosonic

Award Tracks & Categories

The initiative features 25+ awards distributed across 4 distinct tracks: Industry, Functional AI, Maturity-based, and Special Jury Awards. Key categories include:

Sector Excellence: BFSI, Retail & Commerce, Healthcare & Wellness, Travel & Hospitality, Media & Content.Functional & Strategic AI: Customer Experience, HR & Talent, Risk & Compliance.Enterprise & Impact: Social Impact, Women in AI, Legacy to AI Transformation, and Native Enterprise.

To ensure absolute credibility, the evaluation matrix leverages Adrosonic’s deep technical consulting frameworks for an objective initial screening. Following a preliminary audit by the expert TOI Editorial Board, the final winners will be selected by an esteemed, independent jury comprising leading AI experts, technology pioneers, industry veterans, and business visionaries.

Why Nominate Your Organization?

The TOI AI Quotient Awards offer more than just recognition—they provide a premier platform for national visibility and industry-wide alignment:

National Recognition: Showcase your AI-led innovations and business impact before a distinguished audience of industry leaders and decision-makers.Credible Validation: Gain elite positioning backed by TOI’s powerful media reach and Adrosonic’s technical validation frameworks.Industry Benchmarking: Measure your achievements against the rapidly evolving AI ecosystem to strengthen your market leadership.

How to Participate

Is your organization setting new benchmarks in AI adoption and implementation? Do you know an enterprise driving measurable transformation through artificial intelligence?

Nominate your organization or a deserving industry leader today to secure your place among India’s most forward-thinking, AI-driven enterprises.

Learn more and submit your nomination here: toievents.indiatimes.com/ai-quotient-awards

 

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Saturn Cloud and Spectro Cloud Partner to Bring Production-Ready AI to Palette-Managed Kubernetes

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Organizations running Spectro Cloud Palette can now deploy Saturn Cloud’s managed AI platform directly onto their existing Kubernetes infrastructure, from data center to edge, including FIPS 140-3 validated environments.

NEW YORK, June 18, 2026 /PRNewswire/ — Saturn Cloud, the AI token factory platform for GPU clouds, AI Factory operators, and enterprises, today announced an integration with Spectro Cloud, the Kubernetes management platform trusted by enterprises and government agencies worldwide. The integration allows organizations already running Spectro Cloud Palette to add Saturn Cloud as a managed AI layer on their existing clusters, giving engineers self-service access to Jupyter, VS Code, RStudio, SSH, distributed training, and model deployments without requiring changes to the underlying infrastructure.

This integration meets platform teams where they already are: on managed Kubernetes. Palette handles cluster lifecycle management, GPU operator deployment, compliance profiles, and infrastructure governance. Saturn Cloud delivers the AI experience on top. The result is a complete AI platform that inherits the operational model and governance controls established by the platform team.

A Managed AI Layer on Palette-Managed Clusters

Platform engineering teams at large enterprises, government agencies, and regulated industries have already invested in Kubernetes and standardized on Spectro Cloud Palette to manage clusters across data centers, cloud environments, and edge locations. What they lack is a way to deliver AI capabilities to their engineering teams without spinning up a parallel stack or compromising the controls they have spent years building.

Saturn Cloud fits into the Palette-managed environment as a workload layer. Engineers get distributed multi-GPU training with automatic retry and logging, one-click model deployments with autoscaling, experiment tracking across training runs, and pre-configured development environments, all deployed through the same Palette cluster profiles and governance policies that manage the rest of the organization’s infrastructure. Palette’s GPU Operator Packs handle driver installation, device plugins, and monitoring automatically across the cluster, so there is no additional GPU lifecycle overhead. Engineers write standard PyTorch, TensorFlow, or JAX code and ship to production with no Kubernetes expertise required on the practitioner side.

“Most enterprise AI teams already have Kubernetes. What they don’t have is a way to give engineers a self-service AI experience on top of it without months of internal platform work. With Spectro Cloud, we eliminate that gap,” said Sebastian Metti, Founder, Saturn Cloud.

Why This Matters for Regulated Industries

For organizations in defense, healthcare, financial services, and other regulated sectors, the integration extends to Spectro Cloud’s Palette VerteX edition. VerteX is the only multi-environment Kubernetes management platform to have achieved FIPS 140-3 validation and is in progress for FedRAMP Moderate authorization (Army-sponsored). Saturn Cloud running on VerteX-managed clusters inherits the cryptographic assurance that agencies and compliance-driven enterprises require, including air-gapped and tactical edge deployments.

This is a meaningful distinction from public cloud AI services that cannot operate in disconnected or classified environments.

Where the Integration Runs

Spectro Cloud Palette manages Kubernetes across bare metal, VMware, public cloud (EKS, AKS, OCI), private data centers, and edge locations, often from a single control plane managing thousands of clusters. Saturn Cloud’s integration spans that same footprint. An organization can run AI workloads in a central GPU cluster and deploy trained models to Palette-managed edge clusters at hospital sites, retail locations, manufacturing floors, or forward-deployed military installations.

“Most organizations do not want to build a separate AI platform from scratch. They want to extend the Kubernetes operating model, governance, and security they already trust into AI development and production. Our integration with Saturn Cloud does exactly that. Together, we enable platform teams to deliver a self-service AI experience on Palette-managed infrastructure – across data center, cloud, edge, and regulated environments – without introducing a parallel stack or compromising operational control”, said Saad Malik, Spectro Cloud’s CTO and Co-Founder.

About Saturn Cloud

Saturn Cloud is the AI token factory platform for neoclouds, AI Factory operators, and enterprises. Saturn Cloud’s platform layer gives these operators a managed AI platform on top of their GPU infrastructure, including fine-tuning, model serving, per-token inference, development environments, distributed training, OpenAI-compatible model deployment, and enterprise security and governance. Saturn Cloud supports GPU architectures and deploys across public cloud, private cloud, and on-premises environments. Learn more at saturncloud.io.

About Spectro Cloud

With our Palette and PaletteAI platforms, Spectro Cloud solves how enterprises and public sector organizations manage full-stack application and AI infrastructure in any environment: from edge to cloud, and from metal to model. Using the power of cloud-native technologies like Kubernetes, we give platform engineers and operations teams flexibility to choose their perfect stack, while benefiting from complete repeatable consistency. We automate the full lifecycle of complex infrastructure at scale, for massive cost savings and better business outcomes. Learn more at spectrocloud.com.

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SOURCE Saturn Cloud

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Orion Innovation Achieves AWS Migration Competency for Cloud Transformation

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New AWS competency empowers Orion to guide enterprises through seamless cloud migration and accelerated modernization at scale.

ISELIN, N.J., June 18, 2026 /PRNewswire/ — Orion Innovation (“Orion”), a data and AI-enabled software engineering services partner, announced that it has achieved Amazon Web Services (AWS) Migration Competency. This designation recognizes Orion’s demonstrated expertise in helping customers plan, accelerate, and execute their cloud migration and modernization journeys to AWS with a proven, outcome-driven methodology.

Achieving AWS Migration Competency differentiates Orion as an AWS Partner that delivers specialized consulting services designed to help enterprises adopt, develop, and deploy complex workloads on AWS. To earn the designation, partners must demonstrate deep technical proficiency and a strong track record of successfully delivering cloud migration solutions at scale.

The AWS Migration Competency enables Orion to offer customers the ability to participate in the AWS Migration Acceleration Program (MAP), a comprehensive and proven program based on AWS’s experience migrating thousands of enterprise customers to the cloud. Through MAP’s three-phased framework, Assess, Mobilize, and Migrate, and Modernize, Orion helps organizations reduce risk, optimize cost, and accelerate timelines as they move to the cloud.

“Earning the AWS Migration Competency reflects the depth of our cloud engineering expertise and our commitment to delivering secure, seamless migrations that create real business value for our clients,” said David Winter, EVP, Chief Cloud & Strategic Partner Officer at Orion Innovation. “This recognition strengthens our partnership with AWS and validates the proven methodology our teams use to modernize mission-critical workloads, reduce migration risk, and help our customers innovate faster on the cloud. We look forward to helping more organizations unlock the full benefits of AWS and build intelligent, future-ready enterprises.”

AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and proven expertise. As an AWS Partner with a proven approach to migrating applications on AWS, Orion enables organizations to move faster and create competitive business advantages.

About Orion Innovation

Orion Innovation is a data and AI-enabled software engineering services partner with deep cloud expertise, delivering digital experiences that create measurable business impact for clients.

Orion combines strategy, experience design, and engineering capabilities to help enterprises innovate, scale, and embrace future technologies.

Envision what’s next. Build what matters. For more information, visit orioninnovation.com.

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SOURCE Orion Innovation

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