Europe IoT in smart cities market growth is principally driven by changes in the technology, human and institutional aspects. For the technology aspects, it is the sensing/actuating, networking, and data analytics that have been the major contributing factors. For the human aspects being considered includes education & governance, social capital and lifestyle among others. Mostly for the institutional aspects, the factors that are considered includes urban planning, communities, and governance. The cardinal value of the smart cities and enabling it with IoT works on the concept of creating value for the entire ecosystem that may get assessed in quantitative as well as qualitative terms.