Pablo Tomasi, senior analyst, Smart Cities and IoT, IHS Markit, said that Smart Citydevice shipments are expected to reach 1.4 billion by 2026 from 202 million in 2017.
The largest market will be Asia Pacific with more than 700 million smart city device shipments by 2026. Other key regions will be North America and Europe, with more than 400 million and 200 million shipments, respectively.