Global Smart Cities Market Trends, Applications, Analysis, Growth, and Forecast to 2027
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March 2023
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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MarketResearch.biz, in its upcoming report titled, “Global Smart Cities Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global smart cities market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global smart cities market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global smart cities market is segmented on the basis of application, and region. The global smart cities market was valued at US$ X billion in 2016, and is expected to reach US$ XX billion over the forecast period at a CAGR of X.X%.
Smart cities are an urban development initiated by governments to integrate information and communication technology (ICT) and Internet of Things (IoT) to increase operational efficiency, share information with public, drive economic growth and improve quality of government services and citizen welfare globally. Smart cities focus on development of robust and smart infrastructure, smart grid networks, advance communication systems, intelligent transportation system, and citizen safety. The concept of smart cities may differ from city to city, and country to country depending on the government and the pace of development.
Various initiatives and funding by governments towards development of national infrastructure and rapid urbanization are key factors contributing towards growth of the global smart cities market. Increasing installation of smart meters provides instantaneous information on electric and gas usage is another factor attributing to growth of the global smart cities market. In addition, integration of smart meters and smart grids will help in reducing operational cost, energy management, and provide energy efficient solution. Furthermore, integration of mobile technology with cloud based Internet of Things is further expected to drive growth of the global smart cities market. Smart security segment is expected to register a CAGR of XX% during the forecast. Moreover, concerns related to carbon footprints, traffic flow, and fuel consumption is boosting development of smart transportation services and technologies.
The smart cities concept is still in the nascent stage and uses internet connection for communication and data transfer owing to which concerns related to security of personal and private information, data theft, and cyber-attacks are major factors hampering growth of the global smart cities market. In addition, smart cities require huge initial and capital investments and return on investment is long term.
North America market accounts for highest share in terms of revenue, and is expected to increase at a CAGR of XX% during the forecast period. Availability of high speed networks, early adoption of Internet of Things, and huge investments by governments in this region are major factors contributing to rapid growth of the market. Asia Pacific market is expected to witness relatively high growth during the forecast period owing to rapid urbanization and increasing investments in IT and telecommunication sector.
Global Smart Cities Market Segmentation:
Global smart cities market segmentation by application:
- Smart security
- Smart infrastructure
- Smart energy
- Smart governance and smart education
- Smart building
- Smart healthcare
- Smart mobility
Global smart cities market segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
Table of Contents
1 Introduction (Page No. - 17)
- 1.1 Objectives of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 1.3.1 Markets Covered
- 1.4 Regional Scope
- 1.5 Years Considered for the Study
- 1.6 Currency
- 1.7 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Limitations3 Executive Summary (Page No. - 29)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in the Smart Cities Market
4.2 Smart Cities Market: Focus Areas
4.3 Global Smart Cities Market, By Region and Focus Area
4.4 Smart Cities Year-On-Year Growth Rate Comparison, Global vs Regional, 2015–2022
4.5 Smart Cities Enabling Technologies5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Smart Cities: Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rapid Connectivity and Fast Telecommunication Provision
5.3.1.2 Growing Demographics and Hyper-Urbanization
5.3.1.3 Growing Energy Consumption and Requirement to Achieve Optimum Energy Usage During Peak Hours
5.3.1.4 Growing Trends in Artificial Intelligence and Big Data Analytics
5.3.1.5 Decrease in Operational Cost for Smart Building Infrastructures in Capacity Expansion
5.3.1.6 Rising Demand for Integrated Security and Safety System for Enhancing Public Safety
5.3.2 Restraints
5.3.2.1 Low Levels of Operational Efficiency in Emerging Countries
5.3.2.2 Absence Or Lack of Robust Telecom and Networking Infrastructures in Developing Economies
5.3.2.3 Lack of Standardized Regulatory Frameworks for Energy Sectors
5.3.3 Opportunities
5.3.3.1 Evolution of IoT
5.3.3.2 Major Boost Up for System Integrators
5.3.3.3 Environmental Concerns and Rising Demand for Green Initiatives
5.3.3.4 Developing Economies and Emerging Hotspots for Smart Cities Technology Growth
5.3.4 Challenges
5.3.4.1 Lack of Public Awareness
5.3.4.2 Huge Initial Investment and High Maintenance Cost6 Industry Trends (Page No. - 45)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Standards and Regulations
6.3.1 Introduction
6.3.2 Cloud Computing Association
6.3.3 Third Generation Partnership Project
6.3.4 Storage Networking Industry Association
6.3.5 International Organization for Standardization
6.3.6 International Electrotechnical Commission
6.3.7 International Telecommunication Union
6.4 Ecosystem
6.4.1 Smart Cities Market Ecosystem7 Smart Cities Market Analysis, By Transportation (Page No. - 50)
7.1 Smart Transportation
7.2 Smart Transportation, By Type
7.2.1 Smart Railways
7.2.2 Smart Roadways
7.3 Smart Transportation, By Solution
7.3.1 Intelligent Transport System: Use Case Scenario
7.3.1.1 Dubai, UAE
7.3.1.2 Istanbul, Turkey
7.3.2 Traffic Management and Automated Driver Guidance System
7.3.2.1 Smart Signaling
7.3.2.2 Automated Route Guidance System
7.3.2.3 Predictive Traffic Analytics
7.3.3 Parking Management
7.3.3.1 Automated Parking Guidance and Slot Management
7.3.4 Passenger Management and Travel Experience Enhancement System
7.3.4.1 Smart Ticketing
7.3.4.2 Entertainment and Travel Assistance System
7.3.4.3 Smart Transportation Communication Network
7.3.5 Predictive Analytics for Passenger Travel
7.3.6 Freight Management
7.3.7 Transport Data Management
7.4 Smart Transportation, By Service
7.4.1 Infrastructure Monitoring and Management
7.4.2 Planning and Consulting
7.4.3 Integration8 Smart Cities Market Analysis, By Utilities (Page No. - 60)
8.1 Smart Utilities
8.1.1 Smart Energy System: Use Case Scenario
8.1.1.1 Ontario, Canada
8.1.1.2 Sunshine Coast, Australia
8.2 Smart Utilities, By Type
8.3 Smart Utilities, By Solution
8.3.1 Smart Metering and Meter Data Management
8.3.2 Smart Distribution Management System
8.3.3 Meter Data Analytics
8.3.4 Others
8.4 Smart Utilities, By Service
8.4.1 Infrastructure Monitoring and Management
8.4.2 Planning and Consulting
8.4.3 Integration9 Smart Cities Market Analysis, By Building (Page No. - 68)
9.1 Smart Building
9.1.1 Smart Homes and Building Automation: Use Case Scenario
9.1.1.1 Singapore (Smart Nation)
9.1.2 Smart Public Buildings: Use Case Scenario
9.1.2.1 European Commission, Greece [Att??? (Attiki)]
9.2 Smart Buildings, By Type
9.3 Smart Buildings, By Solution
9.3.1 Parking Management for Buildings
9.3.1.1 Parking Ticket and Revenue Management System
9.3.1.2 Access Control
9.3.1.3 Automated Parking Guidance
9.3.1.4 Parking Reservation and Slot Management
9.3.2 Facility Management and Energy Optimization
9.3.2.1 Building Energy Management Systems
9.3.2.2 Emergency Response Management
9.3.2.3 Others (Smart Lighting and HVAC Controls)
9.3.3 In-Building Communication
9.4 Smart Buildings, By Service
9.4.1 Infrastructure Monitoring and Management
9.4.2 Planning and Consulting
9.4.3 Integration10 Smart Cities Market Analysis, By Smart Citizen Service (Page No. - 76)
10.1 Smart Citizen Services
10.1.1 In-Vehicle Cameras: Use Case Scenario
10.1.1.1 New York City, US
10.1.2 Integrated Video Surveillance: Use Case Scenario
10.1.2.1 Buenos Aires, Argentina
10.2 Smart Citizen Services, By Type
10.3 Smart Education
10.4 Smart Healthcare
10.5 Security and Threat Management11 Geographic Analysis (Page No. - 83)
11.1 Introduction
11.2 North America
11.2.1 Contribution of Prime Cities Toward Smart City Initiatives
11.2.1.1 New York City, New York, US
11.2.1.2 Kansas City, Missouri, US
11.2.1.3 San Francisco, California, US
11.2.1.4 Columbus, OHIO, US
11.2.2 Competitive Scenario in the Region
11.3 Europe
11.3.1 Contribution of Prime Cities Toward Smart City Initiatives
11.3.1.1 Amsterdam, Netherlands
11.3.1.2 London, England
11.3.1.3 Nice, France
11.3.1.4 Copenhagen, Denmark
11.3.2 Competitive Scenario in the Region
11.4 Asia Pacific
11.4.1 Contribution of Prime Cities Toward Smart City Initiatives
11.4.1.1 Singapore (Smart Nation)
11.4.1.2 Kuala Lumpur, Malaysia
11.4.1.3 Adelaide, Australia
11.4.1.4 Iskandar, Malaysia
11.4.2 Competitive Scenario in the Region
11.5 Latin America
11.5.1 Contribution of Prime Cities Toward Smart City Initiatives
11.5.1.1 Santiago, Chile
11.5.1.2 Bogota, Colombia
11.5.2 Competitive Scenario in the Region
11.6 Middle East and Africa
11.6.1 Contribution of Prime Cities Toward Smart City Initiatives
11.6.1.1 Dubai, UAE
11.6.1.2 Tel Aviv, Israel
11.6.1.3 Istanbul, Turkey
11.6.2 Competitive Scenario in the Region12 Competitive Landscape (Page No. - 119)
12.1 Introduction
12.2 North America: Competitive Scenario
12.3 Europe: Competitive Scenario
12.4 Asia Pacific: Competitive Scenario
12.5 Middle East and Africa: Competitive Scenario
12.6 Latin America: Competitive Scenario
12.7 Overview
12.7.1 Analysis of Product Portfolio of Major Players in the Smart Cities Market
12.7.2 Business Strategies Adopted By Major Players in the Smart Cities Market
12.8 Smart Cities Market, Major Vendors13 Company Profiles (Page No. - 124)
(Overview, Financials, Products & Services, Strategy, and Developments)*
13.1 International Business Machines Corporation
13.2 Cisco Systems, Inc.
13.3 Microsoft Corporation
13.4 Oracle Corporation
13.5 Schneider Electric SE
13.6 Siemens AG
13.7 Ericsson
13.8 Hitachi Ltd.
13.9 Huawei Investment & Holding Co., Ltd.
13.10 Toshiba Corporation*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.
14 Key Innovators (Page No. - 157)
14.1 SAP SE
14.2 General Electric Company
14.3 ABB
14.4 Silver Spring Networks
14.5 AGT International
14.6 Itron Inc
14.7 Alstom SA
14.8 Maven Systems Pvt Ltd
14.9 Alcatel Lucent SA
14.10 Kapsch Group Beteiligungs GmbH
14.11 Honeywell International Inc.15 Appendix (Page No. - 172)
15.1 Industry Excerpts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Introducing RT: Real-Time Market Intelligence
15.5 Available Customizations
15.6 Related Reports
15.7 Author DetailsList of Tables (79 Tables)
Table 1 Global Smart Transportation Market, 2015–2022 (USD Billion)
Table 2 Global Smart Utilities Market, 2015–2022 (USD Billion)
Table 3 Global Smart Utilities Market, 2015–2022 (USD Billion)
Table 4 Global Smart Citizen Services Market, 2015–2022 (USD Billion)
Table 5 Smart Transportation: Smart Cities Market Size, By Region, 2015–2022 (USD Billion)
Table 6 Smart Transportation: Market Size, By Type, 2015–2022 (USD Billion)
Table 7 Smart Transportation: Market Size, By Solution, 2015–2022 (USD Billion)
Table 8 Smart Transportation: Market Size, By Service, 2015–2022 (USD Billion)
Table 9 Utilities: Smart Cities Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Utilities: Market Size, By Type, 2015–2022 (USD Billion)
Table 11 Utilities: Market Size, By Solution, 2015–2022 (USD Billion)
Table 12 Utilities:Market Size, By Service, 2015–2022 (USD Billion)
Table 13 Buildings: Smart Cities Market Size, By Region, 2015–2022 (USD Billion)
Table 14 Buildings: Market Size, By Type, 2015–2022 (USD Billion)
Table 15 Buildings: Market Size, By Solution, 2015–2022 (USD Billion)
Table 16 Smart Buildings: Smart Cities Market Size, By Service, 2015–2022 (USD Billion)
Table 17 Smart Citizen Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 18 Smart Citizen Services: Market Size, By Type, 2015–2022 (USD Billion)
Table 19 Smart Cities Market Size, By Region, 2015–2022 (USD Billion)
Table 20 North America: Smart Cities Market Size, By Focus Area, 2015–2022 (USD Billion)
Table 21 North America: Market Size, By Transportation Type, 2015–2022 (USD Billion)
Table 22 North America: Market Size, By Transportation Solution, 2015–2022 (USD Billion)
Table 23 North America: Market Size, By Transportation Service, 2015–2022 (USD Billion)
Table 24 North America: Market Size, By Utilities Type, 2015–2022 (USD Billion)
Table 25 North America: Smart Cities Market Size, By Utilities Solution, 2015–2022 (USD Billion)
Table 26 North America: Market Size, By Utilities Service, 2015–2022 (USD Billion)
Table 27 North America: Market Size, By Smart Building Type, 2015–2022 (USD Billion)
Table 28 North America: Market Size, By Smart Building Solution, 2015–2022 (USD Billion)
Table 29 North America: Market Size, By Smart Building Service, 2015–2022 (USD Billion)
Table 30 North America: Market Size, By Smart Citizen Service, 2015–2022 (USD Billion)
Table 31 North America: Market Size, By Country, 2015–2022 (USD Billion)
Table 32 Europe: Smart Cities Market Size, By Focus Area, 2015–2022 (USD Billion)
Table 33 Europe: Market Size, By Transportation Type, 2015–2022 (USD Billion)
Table 34 Europe: Market Size, By Transportation Solution, 2015–2022 (USD Billion)
Table 35 Europe: Market Size, By Transportation Service, 2015–2022 (USD Billion)
Table 36 Europe: Market Size, By Utilities Type, 2015–2022 (USD Billion)
Table 37 Europe: Smart Cities Market Size, By Utilities Solution, 2015–2022 (USD Billion)
Table 38 Europe: Market Size, By Utilities Service, 2015–2022 (USD Billion)
Table 39 Europe: Market Size, By Smart Building Type, 2015–2022 (USD Billion)
Table 40 Europe: Market Size, By Smart Building Solution, 2015–2022 (USD Billion)
Table 41 Europe: Market Size, By Smart Building Service, 2015–2022 (USD Billion)
Table 42 Europe: Market Size, By Smart Citizen Service, 2015–2022 (USD Billion)
Table 43 Europe: Market Size, By Country, 2015–2022 (USD Billion)
Table 44 Asia Pacific: Smart Cities Market Size, By Focus Area, 2015–2022 (USD Billion)
Table 45 Asia Pacific: Market Size, By Transportation Type, 2015–2022 (USD Billion)
Table 46 Asia Pacific: Market Size, By Transportation Solution, 2015–2022 (USD Billion)
Table 47 Asia Pacific: Market Size, By Transportation Service, 2015–2022 (USD Billion)
Table 48 Asia Pacific: Market Size, By Utilities Type, 2015–2022 (USD Billion)
Table 49 Asia Pacific: Smart Cities Market Size, By Utilities Solution, 2015–2022 (USD Billion)
Table 50 Asia Pacific: Market Size, By Utilities Service, 2015–2022 (USD Billion)
Table 51 Asia Pacific: Market Size, By Smart Building Type, 2015–2022 (USD Billion)
Table 52 Asia Pacific: Market Size, By Smart Building Solution, 2015–2022 (USD Billion)
Table 53 Asia Pacific: Market Size, By Smart Building Service, 2015–2022 (USD Billion)
Table 54 Asia Pacific: Market Size, By Smart Citizen Service, 2015–2022 (USD Billion)
Table 55 Asia Pacific: Market Size, By Country, 2015–2022 (USD Billion)
Table 56 Latin America: Smart Cities Market Size, By Focus Area, 2015–2022 (USD Billion)
Table 57 Latin America: Market Size, By Transportation Type, 2015–2022 (USD Billion)
Table 58 Latin America: Market Size, By Transportation Solution, 2015–2022 (USD Billion)
Table 59 Latin America: Market Size, By Transportation Service, 2015–2022 (USD Billion)
Table 60 Latin America: Market Size, By Utilities Type, 2015–2022 (USD Billion)
Table 61 Latin America: Smart Cities Market Size, By Utilities Solution, 2015–2022 (USD Billion)
Table 62 Latin America: Market Size, By Utilities Service, 2015–2022 (USD Billion)
Table 63 Latin America: Market Size, By Smart Building Type, 2015–2022 (USD Billion)
Table 64 Latin America: Market Size, By Smart Building Solution, 2015–2022 (USD Billion)
Table 65 Latin America: Market Size, By Smart Building Service, 2015–2022 (USD Billion)
Table 66 Latin America: Market Size, By Smart Citizen Service, 2015–2022 (USD Billion)
Table 67 Latin America: Market Size, By Country, 2015–2022 (USD Billion)
Table 68 Middle East and Africa: Smart Cities Market Size, By Focus Area, 2015–2022 (USD Billion)
Table 69 Middle East and Africa: Market Size, By Transportation Type, By Type, 2015–2022 (USD Billion)
Table 70 Middle East and Africa: Market Size, By Transportation Solution, 2015–2022 (USD Billion)
Table 71 Middle East and Africa: Market Size, By Transportation Service, 2015–2022 (USD Billion)
Table 72 Middle East and Africa: Market Size, By Utilities Type, 2015–2022 (USD Billion)
Table 73 Middle East and Africa: Smart Cities Market Size, By Utilities Solution, 2015–2022 (USD Billion)
Table 74 Middle East and Africa: Market Size, By Utilities Service, 2015–2022 (USD Billion)
Table 75 Middle East and Africa: Market Size, By Smart Building Type, 2015–2022 (USD Billion)
Table 76 Middle East and Africa: Market Size, By Smart Building Solution, 2015–2022 (USD Billion)
Table 77 Middle East and Africa: Market Size, By Smart Building Service, 2015–2022 (USD Billion)
Table 78 Middle East and Africa: Market Size, By Smart Citizen Service, 2015–2022 (USD Billion)
Table 79 Middle East and Africa: Market Size, By Sub-Region, 2015–2022 (USD Billion) -
- Huawei Investment & Holding Co
- Cisco systems
- General Electric Company
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Schneider Electric
- Ericsson, Siemens AG
- Hitachi Ltd.
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