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The global IoT in smart cities market is expected to experience significant growth in the coming years, driven by factors such as urbanization, government initiatives, technological advancements, and the need for sustainable development. The integration of IoT technologies in urban areas aims to improve the quality of life, optimize city operations, and promote sustainability. The market is expected to reach USD 555.72 billion by 2030, growing at a CAGR of 19.2% during the forecast period.