HOME Top Market Reports Smart Cities Market by Solution and Services for Focus Areas (Transportation - Rail & Road, Utilities - Energy, Water, & Gas, Buildings - Commercial & Residential, and Smart Citizen Services - Education, Healthcare, & Security) - Global Forecast to 2020

Smart Cities Market by Solution and Services for Focus Areas (Transportation - Rail & Road, Utilities - Energy, Water, & Gas, Buildings - Commercial & Residential, and Smart Citizen Services - Education, Healthcare, & Security) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: TC 3071

 

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The smart cities market size is estimated to grow from USD 312.03 Billion in 2015 to USD 757.74 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 19.4%. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. Smart cities market has been segmented into four major focus areas across regions. The focus areas include transportation, utilities, buildings, and smart citizen services. Technological advancements in Information and Communication Technology (ICT) and growing demographics & hyper-urbanization are the major driving factors for the market. Cities across the world are increasingly adopting smart solutions for their various sectors, such as buildings, transportation, utilities, and citizen services in order to achieve better living standards, increased efficiency, economic stability, optimization of energy, and higher environmental protection based on the technologies: IoT, cloud, mobile, and sensors.

The research methodology used to estimate and forecast the smart cities market begins with the collection and analysis of data on key vendor revenues through secondary research. The vendor’s product and solution offerings are also analyzed to determine the market segmentation. The bottom-up procedure is used to arrive at the total market size of the global market from the revenue of key players in the market. After estimating the total market size, it is split into segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the accurate statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

Smart Cities Market

To know about the assumptions considered for the study, download the pdf brochure

The smart cities ecosystem comprises cloud service providers, such as Microsoft, IBM, and Oracle; network technology experts, such as Cisco, Huawei, Ericsson, Hitachi, and Siemens; electronic products and automation solution vendors, such as Toshiba and Schneider Electric to provide complete smart cities solutions to end-users so as to cater to their unique smart city requirements.

Target Audience

  • National/State Governments
  • Municipal Authorities
  • Real Estate Developers
  • IT Solutions Providers
  • System Integrators
  • Telecom Service Providers
  • Networking Solution Providers
  • Utility Companies
  • Transportation Service Providers

Scope of the Report

The research report segments the smart cities market to following segments:

By Focus Area:

  • Transportation
  • Utilities
  • Building
  • Smart Citizen Services

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company
  • Smart city projects by regions
  • Further break down of each transportation solution segment across regions –
    • Smart Signaling
    • Automated Route Guidance
    • Predictive Traffic Analytics
    • Parking Fee, Ticketing, and Revenue Management (On-Street Parking)
    • Automated Parking Guidance and Slot Management (On-Street Parking)
    • Smart Ticketing for Passengers
    • Smart Transportation Communication Network
    • Entertainment and Travel Assistance System
    • Predictive analytics for Passenger Travel
  • Further break down of each solution for buildings segment across regions –
    • Access control
    • Parking Reservation and Slot Management (Off-Street Parking)
    • Automated Parking Guidance (Off-Street Parking)
    • Parking Ticket and Revenue Management System (Off-Street Parking)
    • Emergency Response Management
    • Building Energy Management
      • Carbon Footprint/Emission Monitoring Software
      • Monitoring and Targeting
    • Others
      • Smart Lighting
      • HVAC Controls
  • Further break down of each smart citizen services segment across regions

Geographic Analysis

  • Country-wise breakdown of smart cities

Customer Interested in this report also can view

  • Internet of Things (IoT) in Smart Cities Market by Solutions (Remote Monitoring, Data Management) Platform (Application & Device Management) Application (Building Automation, Energy Management, Transportation) - Global Forecast to 2020

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 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

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in the Market
    4.2 Smart Cities Market: Focus Areas
    4.3 Global Market, By Region and Focus Areas
    4.4 Market Potential, By Region
    4.5 Market By Transportation
    4.6 Smart Cities Regional Market
    4.7 Lifecycle Analysis, By Region, 2015

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Smart Cities: Evolution
    5.3 Market Segmentation
           5.3.1 By Focus Area
           5.3.2 By Transportation
                    5.3.2.1 By Solution
                    5.3.2.2 By Service
           5.3.3 By Utility
                    5.3.3.1 By Solution
                    5.3.3.2 By Service
           5.3.4 By Building
                    5.3.4.1 By Solution
                    5.3.4.2 By Service
           5.3.5 By Smart Citizen Services
           5.3.6 By Enabling Technology
           5.3.7 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Technological Advancements
                    5.4.1.2 Growing Demographics and Hyper-Urbanization
                    5.4.1.3 Government Initiatives
                    5.4.1.4 Growing Energy Consumption and Requirement to Achieve Optimum Energy Usage During Peak Hours
                    5.4.1.5 Increasing Share of Renewable Energy and Limitations in Capacity Expansion
                    5.4.1.6 Decrease in Operational Cost for Smart Building Infrastructures in Capacity Expansion
           5.4.2 Restraints
                    5.4.2.1 Low Levels of Operational Efficiency in Emerging Countries
                    5.4.2.2 Absence Or Lack of Robust Telecom and Networking Infrastructures in Developing Economies
                    5.4.2.3 Lack of Standardized Regulatory Frameworks for Energy Sectors
           5.4.3 Opportunities
                    5.4.3.1 Evolution of Internet of Things
                    5.4.3.2 Increasing Globalization
                    5.4.3.3 Environmental Concerns and Green Initiatives
                    5.4.3.4 Developing Economies and Emerging Hotspots for Smart Cities Technology Growth
           5.4.4 Challenges
                    5.4.4.1 Lack of Public Awareness
                    5.4.4.2 Huge Initial Investment and High Maintenance Cost

6 Industry Trends (Page No. - 60)
    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 3rd 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
    6.5 Strategic Benchmarking

7 Smart Cities Market Analysis, By Focus Area (Page No. - 66)
    7.1 Introduction
    7.2 Transportation
           7.2.1 Smart Railways
           7.2.2 Smart Roadways
    7.3 Utilities
           7.3.1 Energy/Power
           7.3.2 Water
           7.3.3 Gas
           7.3.4 Others
    7.4 Buildings
           7.4.1 Commercial
           7.4.2 Residential
    7.5 Smart Citizen Services

8 Smart Cities Market Analysis, By Transportation (Page No. - 83)
    8.1 Introduction
    8.2 Smart Transportation By, Solution
           8.2.1 Traffic Management and Automated Driver Guidance System
                    8.2.1.1 Smart Signaling
                    8.2.1.2 Automated Route Guidance System
                    8.2.1.3 Predictive Traffic Analytics
           8.2.2 Parking Management
                    8.2.2.1 Ticketing, Parking Fee, and Revenue Management
                    8.2.2.2 Automated Parking Guidance and Slot Management
           8.2.3 Passenger Management and Travel Experience Enhancement System
                    8.2.3.1 Smart Ticketing
                    8.2.3.2 Entertainment and Travel Assistance System
                    8.2.3.3 Smart Transportation Communication Network
                    8.2.3.4 Predictive Analytics for Passenger Travel
           8.2.4 Freight Management
           8.2.5 Transport Data Management
    8.3 Smart Transportation, By Service
           8.3.1 Infrastructure Monitoring and Management
           8.3.2 Planning and Consulting
           8.3.3 Integration

9 Smart Cities Market Analysis, By Utilities (Page No. - 95)
    9.1 Introduction
    9.2 Smart Utilities By, Solution
           9.2.1 Smart Metering and Meter Data Management
           9.2.2 Smart Distribution Management System
           9.2.3 Meter Data Analytics
           9.2.4 Other Solutions
    9.3 Smart Utilities, By Service
           9.3.1 Infrastructure Monitoring and Management
           9.3.2 Planning and Consulting
           9.3.3 Integration

10 Smart Cities Market Analysis, By Building (Page No. - 104)
     10.1 Introduction
     10.2 Smart Buildings By, Solution
             10.2.1 Parking Management
                        10.2.1.1 Parking Ticket and Revenue Management System
                        10.2.1.2 Access Control
                        10.2.1.3 Automated Parking Guidance
                        10.2.1.4 Parking Reservation and Slot Management
             10.2.2 Facility Management and Energy Optimization
                        10.2.2.1 Building Energy Management Systems
                        10.2.2.2 Emergency Response Management
                        10.2.2.3 Others (Smart Lighting, Hvac Controls)
             10.2.3 In-Building Communication
     10.3 Smart Buildings, By Service
             10.3.1 Infrastructure Monitoring and Management
             10.3.2 Planning and Consulting
             10.3.3 Integration

11 Smart Cities Market Analysis, By Smart Citizen Service (Page No. - 113)
     11.1 Introduction
     11.2 Smart Education
     11.3 Smart Healthcare
     11.4 Security and Threat Management

12 Geographic Analysis (Page No. - 120)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Latin America
     12.6 Middle East and Africa

13 Competitive Landscape (Page No. - 149)
     13.1 Overview
     13.2 Competitive Situations and Trends
             13.2.1 Partnerships, Agreements, and Collaborations
             13.2.2 New Product Launches
             13.2.3 Mergers and Acquisitions
             13.2.4 Business Expansions

14 Company Profiles (Page No. - 158)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     14.1 Introduction
     14.2 International Business Machines (IBM) Corporation
     14.3 Cisco Systems, Inc.
     14.4 Microsoft Corporation
     14.5 Schneider Electric Se
     14.6 Siemens AG
     14.7 Oracle Corporation
     14.8 Huawei Investment & Holding Co., Ltd.
     14.9 Ericsson
     14.10 Toshiba Corporation
     14.11 Hitachi, Ltd.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Key Innovators (Page No. - 194)
     15.1 SAP SE
     15.2 ABB Ltd.
     15.3 General Electric Company
     15.4 Silver Spring Networks, Inc.
     15.5 AGT International
     15.6 Itron, Inc.
     15.7 Alstom SA
     15.8 Kapsch Group Beteiligungs GmbH
     15.9 Alcatel Lucent SA
     15.10 Honeywell International Inc.
     15.11 Maven Systems Pvt. Ltd.

16 Appendix (Page No. - 205)
     16.1 Industry Excerpts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real Time Market Intelligence
     16.5 Available Customizations
     16.6 Related Reports


List of Tables (112 Tables)

Table 1 Smart Cities: Smart Transportation vs Traditional Transportation
Table 2 Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 3 Global Smart Cities Market Size, By Region, 2013–2020 (USD Billion)
Table 4 Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 5 Transportation: Smart Cities, By Types, Market Size, 2013–2020 (USD Billion)
Table 6 Smart Railways: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 7 Smart Roadways: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 8 Utilities: Smart Cities, By Type, Market Size - 2013–2020 (USD Billion)
Table 9 Energy/Power: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 10 Water: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 11 Gas: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 12 Others: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 13 Buildings: Smart Cities, By Type, Market Size - 2013–2020 (USD Billion)
Table 14 Commercial: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 15 Residential: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 16 Smart Citizen Services: Smart Cities, By Region, Market Size, 2013–2020 (USD Billion)
Table 17 Transportation: Market Size, By Region, 2013–2020 (USD Billion)
Table 18 Transportation: Market Size, By Solution and Service, 2013–2020 (USD Billion)
Table 19 Transportation: Market Size, By Solution, 2013–2020 (USD Billion)
Table 20 Traffic Management and Automated Driver Guidance System: Smart Transportation, By Region, Market Size, 2013–2020 (USD Billion)
Table 21 Parking Management: Smart Transportation, By Region, Market Size, 2013–2020 (USD Billion)
Table 22 Passenger Management and Travel Experience Enhancement System: Smart Transportation, By Region, Market Size, 2013–2020 (USD Billion)
Table 23 Freight Management: Smart Transportation, By Region, Market Size, 2013–2020 (USD Billion)
Table 24 Transportat Data Management: Smart Transportation, By Region, Market Size, 2013–2020 (USD Billion)
Table 25 Transportation: Smart Cities Market Size, By Service, 2013 – 2020 (USD Billion)
Table 26 Infrastructure Monitoring and Management: Smart Transportation Market Size, By Region, 2013 – 2020 (USD Billion)
Table 27 Planning and Consulting: Smart Transportation Market Size, By Region, 2013 – 2020 (USD Billion)
Table 28 Integration: Smart Transportation Market Size, By Region, 2013 – 2020 (USD Billion)
Table 29 Utilities: Market Size, By Region, 2013–2020 (USD Billion)
Table 30 Utilities: Market Size, By Solution & Service, 2013–2020 (USD Billion)
Table 31 Utilities: Market Size, By Solution, 2013–2020 (USD Billion)
Table 32 Smart Metering and Meter Data Management: Smart Utilities, By Region, Market Size, 2013–2020 (USD Billion)
Table 33 Smart Distribution Management System: Smart Utilities, By Region, Market Size, 2013–2020 (USD Billion)
Table 34 Meter Data Analytics: Smart Utilities, By Region, Market Size, 2013–2020 (USD Billion)
Table 35 Others: Smart Utilities, By Region, Market Size, 2013–2020 (USD Billion)
Table 36 Utilities: Smart Cities Market Size, By Service, 2013 – 2020 (USD Billion)
Table 37 Infrastructure Monitoring and Management: Smart Utilities Market Size, By Region, 2013 – 2020 (USD Billion)
Table 38 Planning and Consulting: Smart Utilities Market Size, By Region, 2013 – 2020 (USD Billion)
Table 39 Integration: Smart Utilities Market Size, By Region, 2013 – 2020 (USD Billion)
Table 40 Buildings: Market Size, By Region, 2013–2020 (USD Billion)
Table 41 Buildings: Market Size, By Solution, 2013–2020 (USD Billion)
Table 42 Parking Management: Market Size, By Region, Market Size, 2013–2020 (USD Billion)
Table 43 Facility Management and Energy Optimization: Market Size, By Region, Market Size, 2013–2020 (USD Billion)
Table 44 In-Building Communication: Market Size, By Region, Market Size, 2013–2020 (USD Billion)
Table 45 Buildings: Smart Cities Market Size, By Service, 2013–2020 (USD Billion)
Table 46 Infrastructure Monitoring and Management: Market Size, By Region, 2013–2020 (USD Billion)
Table 47 Planning and Consulting: Market Size, By Region, 2013–2020 (USD Billion)
Table 48 Integration: Market Size, By Region, 2013–2020 (USD Billion)
Table 49 Smart Citizen Services: Market Size, By Solution and Service, 2013–2020 (USD Billion)
Table 50 Smart Education: Market Size, By Region, 2013–2020 (USD Billion)
Table 51 Smart Healthcare: Market Size, By Region, 2013–2020 (USD Billion)
Table 52 Security and Threat Management: Market Size, By Region, 2013–2020 (USD Billion)
Table 53 Smart Cities Market Size, By Region, 2013–2020 (USD Billion)
Table 54 North America: Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 55 North America: Market Size, By Transportation Type, 2013–2020 (USD Billion)
Table 56 North America: Market Size, By Transportation Solution, 2013–2020 (USD Billion)
Table 57 North America: Market Size, By Transportation Service, 2013–2020 (USD Billion)
Table 58 North America: Market Size, By Utility Type, 2013–2020 (USD Billion)
Table 59 North America: Market Size, By Utility Solution, 2013–2020 (USD Billion)
Table 60 North America: Market Size, By Utility Service, 2013–2020 (USD Billion)
Table 61 North America: Market Size, By Building Type, 2013–2020 (USD Billion)
Table 62 North America: Market Size, By Building Solution, 2013–2020 (USD Billion)
Table 63 North America: Market Size, By Building Service, 2013–2020 (USD Billion)
Table 64 North America: Market Size, By Smart Citizen Service Solution, 2013–2020 (USD Billion)
Table 65 Europe: Smart Cities Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 66 Europe: Market Size, By Transportation Type, 2013–2020 (USD Billion)
Table 67 Europe: Market Size, By Transportation Solution, 2013–2020 (USD Billion)
Table 68 Europe: Market Size, By Transportation Service, 2013–2020 (USD Billion)
Table 69 Europe: Market Size, By Utility Type, 2013–2020 (USD Billion)
Table 70 Europe: Market Size, By Utility Solutions, 2013–2020(USD Billion)
Table 71 Europe: Market Size, By Utility Service, 2013–2020 (USD Billion)
Table 72 Europe: Market Size, By Building Type, 2013–2020 (USD Billion)
Table 73 Europe: Market Size By Building Solution, 2013–2020 (USD Billion)
Table 74 Europe: Market Size, By Building Service, 2013–2020 (USD Billion)
Table 75 Europe: Market Size, By Smart Citizen Services Solution, 2013–2020 (USD Billion)
Table 76 Asia-Pacific: Smart Cities Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 77 Asia-Pacific: Market Size, By Transportation Type, 2013–2020 (USD Billion)
Table 78 Asia-Pacific: Market Size, By Transportation Solution, 2013–2020 (USD Billion)
Table 79 Asia-Pacific: Market Size, By Transportation Service, 2013–2020 (USD Billion)
Table 80 Asia-Pacific: Market Size, By Utility Type, 2013–2020 (USD Billion)
Table 81 Asia-Pacific: Market Size, By Utility Solution, 2013–2020 (USD Billion)
Table 82 Asia-Pacific: Market Size, By Utility Service, 2013–2020 (USD Billion)
Table 83 Asia-Pacific: Market Size, By Building Type, 2013–2020 (USD Billion)
Table 84 Asia-Pacific: Market Size, By Building Solution, 2013–2020 (USD Billion)
Table 85 Asia-Pacific: Market Size, By Building Service, 2013–2020 (USD Billion)
Table 86 Asia-Pacific: Market Size, By Smart Citizen Service Solution, 2013–2020 (USD Billion)
Table 87 Latin America: Smart Cities Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 88 Latin America: Market Size, By Transportation Type, 2013–2020 (USD Billion)
Table 89 Latin America: Market Size, By Transportation Solution, 2013–2020 (USD Billion)
Table 90 Latin America: Market Size, By Transportation Service, 2013–2020 (USD Billion)
Table 91 Latin America: Market Size, By Utility Type, 2013–2020 (USD Billion)
Table 92 Latin America: Market Size, By Utility Solution, 2013–2020 (USD Billion)
Table 93 Latin America: Market Size, By Utility Service, 2013–2020 (USD Billion)
Table 94 Latin America: Market Size, By Building Type, 2013–2020 (USD Billion)
Table 95 Latin America: Market Size, By Building Solution, 2013–2020 (USD Billion)
Table 96 Latin America: Market Size, By Building Service, 2013–2020 (USD Billion)
Table 97 Latin America: Market Size, By Smart Citizen Service Solution, 2013–2020 (USD Billion)
Table 98 Middle East and Africa: Smart Cities Market Size, By Focus Area, 2013–2020 (USD Billion)
Table 99 Middle East and Africa: Smart Cities Market Size, By Transportation Type, 2013–2020 (USD Billion)
Table 100 Middle East and Africa: Market Size, By Transportation Solution, 2013–2020 (USD Billion)
Table 101 Middle East and Africa: Market Size, By Transportation Service, 2013–2020 (USD Billion)
Table 102 Middle East and Africa: Market Size, By Utility Type, 2013–2020 (USD Billion)
Table 103 Middle East and Africa: Market Size, By Utility Solution, 2013–2020 (USD Billion)
Table 104 Middle East and Africa: Market Size, By Utility Service, 2013–2020 (USD Billion)
Table 105 Middle East and Africa: Market Size, By Building Type, 2013–2020 (USD Billion)
Table 106 Middle East and Africa: Market Size, By Building Solution, 2013–2020 (USD Billion)
Table 107 Middle East and Africa: Market Size, By Building Service, 2013–2020 (USD Billion)
Table 108 Middle East and Africa: Market Size, By Smart Citizen Service Solution, 2013–2020 (USD Billion)
Table 109 Partnerships, Agreements, and Collaborations, 2013–2016
Table 110 New Product Launches, 2012–2016
Table 111 Mergers and Acquisitions, 2014–2016
Table 112 Business Expansions, 2015–2016


List of Figures (73 Figures)

Figure 1 Global Smart Cities Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Smart Cities: Three Versions
Figure 6 Smart Cities: Various Stages of Smart Utility Developments
Figure 7 Smart Cities: Evolution of Smart Buildings
Figure 8 Smart Cities Market Snapshot (2015 vs 2020): Focus Area
Figure 9 Europe Held the Largest Market Share in 2015
Figure 10 Top Segments for the Smart Cities Market From 2015 to 2020
Figure 11 Hyper-Urbanization is Driving the Market
Figure 12 Buildings Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Europe is Expected to Hold the Largest Market Share in the Smart Cities Market
Figure 14 Asia-Pacific is Expected to Have the Highest Growth Potential
Figure 15 Smart Roadways is Expected to Dominate the Transportation Segment in 2020
Figure 16 Smart Cities Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Regional Lifecycle: Asia-Pacific is Expected to Be in the Growth Phase in 2015
Figure 18 Evolution of the Smart Cities Market
Figure 19 Smart Cities Market Segmentation: By Focus Area
Figure 20 Smart Transportation Market Segmentation: By Type
Figure 21 Smart Transportation Segmentation: By Solution
Figure 22 Smart Transportation Segmentation: By Service
Figure 23 Smart Utility Market Segmentation: By Type
Figure 24 Smart Utilities Segmentation: By Solution
Figure 25 Smart Utilities Segmentation: By Service
Figure 26 Smart Building Market Segmentation: By Type
Figure 27 Smart Utilities Segmentation: By Solution
Figure 28 Smart Building Segmentation: By Service
Figure 29 Market Segmentation: By Smart Citizen Service
Figure 30 Market Segmentation: By Enabling Technology
Figure 31 Market Segmentation: By Region
Figure 32 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 33 Value Chain of Smart Cities
Figure 34 Smart Cities Market Ecosystem
Figure 35 Strategic Benchmarking: the Strategy of Partnerships, Collaborations, and Agreements is the Most Popular Strategy in the Smart Cities Market
Figure 36 Smart Building Projects are Expected to Attract Huge Investments With Growing Environmental Concerns Over Carbon Emission and Increasing Focus on Sustainable Sources for Energy
Figure 37 Smart Railways: Evolution
Figure 38 Smart Roadways: Evolution
Figure 39 Smart Cities: Energy Management System Architecture
Figure 40 Evolution of Smart Water Management
Figure 41 Market Ecosystem in Utilities Sector for Smart Water Management
Figure 42 Evolution of Smart Gas Solutions
Figure 43 Asia-Pacific is Expected to Showcase the Fastest Growth Rate in Smart Transportation Market During the Forecast Period
Figure 44 Latin America is Expected to Grow With the Highest CAGR in the Smart Utilities Market During the Forecast Period
Figure 45 Europe is Expected to Invest Extensively in Smart Building Projects Over the Forecast Period and is Projected to Have the Highest Contribution Globally in This Segment
Figure 46 Evolution: Smart Education
Figure 47 Evolution: Smart Healthcare
Figure 48 Asia-Pacific is Expected to Be the Most Lucrative Market for Smart Citizen Services in Terms of Growth During the Forecast Period
Figure 49 Asia-Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 50 Europe Projected to Lead Smart City Investments in the Next 5 Years
Figure 51 Asia-Pacific is Set to Attract Huge Investments During the Forecast Period
Figure 52 North America: Market Snapshot
Figure 53 Europe: Market Snapshot
Figure 54 Asia-Pacific: Market Snapshot
Figure 55 Companies Adopted Partnerships, Agreements, and Collaborations as the Key Growth Strategies From 2012 to 2016
Figure 56 Market Evaluation Framework
Figure 57 Battle for Market Share: Partnerships, Agreements, and Collaborations is the Key Strategy Adopted By Companies in the Smart Cities Market, 2012–2015
Figure 58 Geographic Revenue Mix of Top 5 Market Players
Figure 59 International Business Machines (IBM) Corporation: Company Snapshot
Figure 60 International Business Machines (IBM) Corporation: SWOT Analysis
Figure 61 Cisco Systems, Inc.: Company Snapshot
Figure 62 Cisco Systems, Inc.: SWOT Analysis
Figure 63 Microsoft Corporation: Company Snapshot
Figure 64 Microsoft Corporation: SWOT Analysis
Figure 65 Schneider Electric Se: Company Snapshot
Figure 66 Schneider Electric Se: SWOT Analysis
Figure 67 Siemens AG: Company Snapshot
Figure 68 Siemens AG: SWOT Analysis
Figure 69 Oracle Corporation: Company Snapshot
Figure 70 Huawei Investment & Holding Co., Ltd.: Company Snapshot
Figure 71 Ericsson: Company Snapshot
Figure 72 Toshiba Corporation: Company Snapshot
Figure 73 Hitachi, Ltd.: Company Snapshot

The global smart cities market is expected to grow from USD 312.03 Billion in 2015 to USD 757.74 Billion by 2020, at a CAGR of 19.4%. Factors such as technological advancements in the field of Internet of Things (IoT), cloud, mobile and sensors; growing demographics & hyper-urbanization; and increasing concerns for environmental protection are expected to encourage the growth of this market.

In the smart cities market, building, in the focus areas segment, is the fastest-growing segment. Among smart building solutions, facility management and energy optimization solution is expected to have the largest contribution during the forecast period. The increasing need for a centralized system for controlling and monitoring of various devices, such as lightning; Heating, Ventilation, and Air-Conditioning (HVAC); surveillance, and emergency response to reduce energy usages and enhance security in the building premises is driving the market for smart cities.

Presently, the smart cities market is growing progressively with constant technological advancements. Deploying technologies such as smart grids, smart metering for energy management; electric vehicle and traffic management with smart transportation and smart security are high growth areas within smart cities. Thus, smart transportation, smart security, and smart energy management are considered to be the most important components in smart cities. As citizens and governments are becoming more environment conscious, there is a push for tougher regulations, aimed at reducing carbon footprint within urban areas.

Smart Cities Market

Among the regions, Europe is projected to hold the largest market share and is expected to dominate the smart cities market from 2015 to 2020. The factors supplementing the growth of this market are the increasing number of government initiatives for the development of smart cities and high technological advancements in the region. The market in APAC is expected to show a significant growth potential in the years to come due to ongoing smart cities projected development in leading regions of APAC, such as China, South Korea, Japan, Singapore, Thailand, India, and Australia.

In upcoming years, it is expected that the smart cities market will grow substantially with the advancements in IoT, cloud, mobile, and sensors. However, Low levels of operational efficiency in emerging countries and absence or lack of robust telecom and networking infrastructures in developing economies are likely to inhibit the growth of this market.

The major vendors in the smart cities market include IBM, Cisco, Microsoft, Schneider Electric, Siemens, Oracle, Huawei, Ericsson, Toshiba, and Hitachi. Partnerships and new product launches are the key strategies adopted by these players to expand their global footprints. For instance, in February 2016, Ericsson, the Global M2M Association (GMA), the Bridge Alliance, and Samsung entered into a strategic partnership for the development and innovations in IoT. In November 2015, Ericsson entered into a strategic partnership with Cisco to offer next-generation network architectures based on 5G, cloud & IP, and the IoT.  Some of the important product launches in the smart cities market include release of an array of products in the field of power distribution, automation & drive technology, and industrial software by Siemens in March 2016; and introduction of a new water management solution, namely, Utilities Smart Water Network Management, by Oracle in February 2016, that implements smarter processes and control systems across water distribution networks; and launch of a series of smart energy solutions comprising digital pipeline, digital production, cloud data center, and mobile office by Huawei in August 2015.

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Client Consult Problem Statement :

One of the leading technology providers engaged MnM to assess the market trends, dynamics and attractiveness of Barcelona Smart City. The key objective of the study was to analyze overall Barcelona Smart City market and estimate the sizing and forecast of its various types.

Solution Provided:
  1. Methodology Adopted by MnM: MnM performed exhaustive secondary and primary research to evalua....
  1. Methodology Adopted by MnM: MnM performed exhaustive secondary and primary research to evaluate investment trends, major projects, and competitive landscape for the Smart City initiatives in the city. Primary interviews were conducted to analyze the market scenario and verify the data from secondary sources.
  2. Actual Solution Provided:
    • Forecasted the market size of Barcelona Smart City
    • Analysis of market dynamics, market trends, investment trends, major projects, and technological developments
    • Profiled key players within Smart City ecosystem and analysis of their products, services, and core competencies in each segment

Value Delivered:

Through comprehensive study, the client was able to estimate opportunity across Smart City Barcelona. Also, the study provided insight into the current market scenario such as trends, dynamics, and ongoing major projects in the city.

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Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

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