Market Overview:
The global smart cities market is expected to grow from USD 1,362.8 billion in 2018 to USD 3,119.5 billion by 2030, at a CAGR of 10.9% during the forecast period. The growth of the global smart cities market can be attributed to the increasing demand for smart security solutions, rising need for efficient and sustainable infrastructure management, growing adoption of Internet of Things (IoT) and big data analytics in smart cities, and increasing focus on citizen engagement initiatives insmart cities. Based on type, the global Smart Cities Market is segmented into solutions and services. The solutions segment is further divided into Smart Security Solutions; Smart Infrastructure Solutions; Smart Energy Solutions;Smart Governance &Smart Education Solutions;andSmart Building Solutions segments .The services segment is further divided into Professional Services; Managed Services segments .
Product Definition:
A Smart City is an urban area that uses technology to manage resources efficiently. This includes using data analytics to optimize and improve the efficiency of city services, transportation, and infrastructure.
Solution:
Solution is a set of technologies, processes and products that are implemented to provide solutions for different urban development challenges. It includes water management, waste management, energy management and traffic & transport solutions. The key factor driving the growth of solution market is increasing demand for smart cities due to growing population coupled with rapid industrialization which has resulted in pollution issues such as water shortage and waste disposal.
Services:
Smart Cities are becoming more and more popular among the urban population around the world. The primary factor driving this trend is safety. In a Smart City, all data and information is recorded in real-time, which allows city authorities to take preventive measures in case of any problem or incident that may occur in the future.
Application Insights:
The application of the smart city solutions is varied and includes smart security, infrastructure, energy, education, governance & management, and others. The other applications include the development of smart industries or business parks for promoting innovation through digital technologies. The implementation of these solutions also helps in reducing environmental impact as well as promotes economic growth.
The growing need to improve public safety by deploying effective law enforcement techniques along with better communication systems is expected to promote the growth of smart security applications across all cities globally. Furthermore, improving traffic management systems using real-time data will help reduce vehicular pollution over a period of time while enhancing overall efficiency during road transportation processes globally.
Regional Analysis:
The North American region dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing government initiatives, growing population, and technological advancements. For instance, in 2015, the U.S Department of Housing and Urban Development (HUD) launched a program named “Smart Cities Mission†that aims to make cities across America smart by 2025.
Asia Pacific is expected to emerge as one of the fastest-growing regions over the forecast period owing to rapid urbanization and rising disposable income especially in China and India among other countries within Asia Pacific region.
Growth Factors:
- Increasing demand for smart city solutions from municipal governments and other public sector organizations due to the need for improved efficiency, sustainability, and citizen engagement.
- Rapid urbanization in developing countries is creating a large market for smart city solutions as these cities strive to become more efficient and livable.
- The increasing number of connected devices and sensors being deployed in cities is providing new opportunities for smart city vendors to provide innovative solutions.
- The growing trend of using big data and analytics to drive decision-making in cities is opening up new opportunities for smart city vendors to provide value-added services.
- Advances in artificial intelligence (AI) and machine learning are enabling new applications that can help make cities smarter, including autonomous vehicles, intelligent transportation systems, and predictive maintenance
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Cities Market Research Report
By Type
Solution, Services
By Application
Smart Security, Smart Infrastructure, Smart Energy, Smart Governance and Smart Education, Smart Building, Smart Healthcare, Smart Mobility
By Companies
IBM, Cisco, Microsoft, Oracle, Schneider Electric, Siemens, Ericsson, Hitachi, Huawei, Toshiba, GE, Google, Honeywell, HP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Smart Cities Market Report Segments:
The global Smart Cities market is segmented on the basis of:
Types
Solution, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Security, Smart Infrastructure, Smart Energy, Smart Governance and Smart Education, Smart Building, Smart Healthcare, Smart Mobility
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Cisco
- Microsoft
- Oracle
- Schneider Electric
- Siemens
- Ericsson
- Hitachi
- Huawei
- Toshiba
- GE
- Google
- Honeywell
- HP
Highlights of The Smart Cities Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solution
- Services
- By Application:
- Smart Security
- Smart Infrastructure
- Smart Energy
- Smart Governance and Smart Education
- Smart Building
- Smart Healthcare
- Smart Mobility
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Cities Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Cities are communities that have been designed to be more efficient and environmentally friendly. They use technology to improve the way people live and work, making it easier for them to access information, connect with each other, and get around.
Some of the major players in the smart cities market are IBM, Cisco, Microsoft, Oracle, Schneider Electric, Siemens, Ericsson, Hitachi, Huawei, Toshiba, GE, Google, Honeywell, HP.
The smart cities market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Cities Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Cities Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Cities Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Cities Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Cities Market Size & Forecast, 2018-2028
4.5.1 Smart Cities Market Size and Y-o-Y Growth
4.5.2 Smart Cities Market Absolute $ Opportunity
Chapter 5 Global Smart Cities Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Cities Market Size Forecast by Type
5.2.1 Solution
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Cities Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Cities Market Size Forecast by Applications
6.2.1 Smart Security
6.2.2 Smart Infrastructure
6.2.3 Smart Energy
6.2.4 Smart Governance and Smart Education
6.2.5 Smart Building
6.2.6 Smart Healthcare
6.2.7 Smart Mobility
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Cities Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Cities Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Cities Analysis and Forecast
9.1 Introduction
9.2 North America Smart Cities Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Cities Market Size Forecast by Type
9.6.1 Solution
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Cities Market Size Forecast by Applications
9.10.1 Smart Security
9.10.2 Smart Infrastructure
9.10.3 Smart Energy
9.10.4 Smart Governance and Smart Education
9.10.5 Smart Building
9.10.6 Smart Healthcare
9.10.7 Smart Mobility
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Cities Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Cities Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Cities Market Size Forecast by Type
10.6.1 Solution
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Cities Market Size Forecast by Applications
10.10.1 Smart Security
10.10.2 Smart Infrastructure
10.10.3 Smart Energy
10.10.4 Smart Governance and Smart Education
10.10.5 Smart Building
10.10.6 Smart Healthcare
10.10.7 Smart Mobility
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Cities Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Cities Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Cities Market Size Forecast by Type
11.6.1 Solution
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Cities Market Size Forecast by Applications
11.10.1 Smart Security
11.10.2 Smart Infrastructure
11.10.3 Smart Energy
11.10.4 Smart Governance and Smart Education
11.10.5 Smart Building
11.10.6 Smart Healthcare
11.10.7 Smart Mobility
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Cities Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Cities Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Cities Market Size Forecast by Type
12.6.1 Solution
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Cities Market Size Forecast by Applications
12.10.1 Smart Security
12.10.2 Smart Infrastructure
12.10.3 Smart Energy
12.10.4 Smart Governance and Smart Education
12.10.5 Smart Building
12.10.6 Smart Healthcare
12.10.7 Smart Mobility
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Cities Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Cities Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Cities Market Size Forecast by Type
13.6.1 Solution
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Cities Market Size Forecast by Applications
13.10.1 Smart Security
13.10.2 Smart Infrastructure
13.10.3 Smart Energy
13.10.4 Smart Governance and Smart Education
13.10.5 Smart Building
13.10.6 Smart Healthcare
13.10.7 Smart Mobility
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Cities Market: Competitive Dashboard
14.2 Global Smart Cities Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Cisco
14.3.3 Microsoft
14.3.4 Oracle
14.3.5 Schneider Electric
14.3.6 Siemens
14.3.7 Ericsson
14.3.8 Hitachi
14.3.9 Huawei
14.3.10 Toshiba
14.3.11 GE
14.3.12 Google
14.3.13 Honeywell
14.3.14 HP
