Smart Cities Market by Smart Transportation (Type, Solutions and Services), Smart Buildings (Type, Solutions and Services), Smart Utilities (Type, Solutions and Services), Smart Citizen Services, and Region - Global Forecast to 2023
[255 Pages Report] The smart cities market size to grow from USD 308.0 billion in 2018 to USD 717.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. The market is expected to grow, owing to the increasing demand for public safety, rising urban population, and growing government initiatives. The smart transportation segment is estimated to account for the largest market size in 2018 and expected to grow at an impressive CAGR during the forecast period. Smart transportation solutions provide an essential boost to the existing and new transport infrastructural projects, taking into consideration several factors, such as the increasing urban demographics and growing environmental concerns. The market estimates to analyze the trend across smart cities includes factor analysis followed by research assumptions. The components considered for factor analysis include recent developments, regulations, start-up ecosystem, smart city adoption, urbanization, collaborations, tier 1 companies contribution, and IT spending. Some of the research assumptions taken into consideration include political stability, financial statistics, economy, and services.
The smart citizen services segment is expected to witness the highest CAGR during the forecast period
Under smart citizen services, the smart healthcare segment is expected to grow at a rapid pace, due to the need to deliver high-quality healthcare solutions and services to end-users. The need for effective monitoring of health conditions is increasing, resulting in the growing demand for remote health monitoring. All these factors play a key role in driving the growth of the smart healthcare segment.
Among smart buildings solutions, the emergency management segment is expected to account for the highest market share and projected to grow at the higher CAGR during the forecast period
Factors such as the increasing need for safety and security solutions, owing to the increase in natural calamities and terrorist attacks, implementation of regulatory policies for public safety, and necessity of emergency preparedness are expected to drive the growth of the emergency management segment. The demand for public safety requires sophisticated computerized systems, which can deliver the right information needed for an effective and safe response from law enforcement officers, fire fighters, and emergency medical support providers.
Asia Pacific (APAC) is expected to account for the largest market size during the forecast period
The geographic analysis of the smart cities market comprises 5 regions, namely, North America, APAC, Europe, Middle East and Africa (MEA), and Latin America. North America held the highest share in the market in 2016, owing to the growing adoption rate of smart technologies in the region. However, this domination is expected to be surpassed by APAC, due to the increasing government initiatives. In APAC, China is expected to lead in the region, as the country is intensifying efforts to transform its 500 cities into smart cities. It has started the smart city pilot projects in almost its 290 cities. Smart buildings and smart utilities are major focus areas in APAC, as a large number of smart buildings and utilities developments are recorded with regard to smart cities initiatives. However, the smart transportation segment is expected to hold the highest growth rate, as a large number of tier 1 companies have started investing in the developing economies in APAC, specifically in the transportation sector.
Key Market Players for Smart Cities Market
In this market, the key and emerging market players include Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Ericsson (Sweden), Vodafone (UK), Itron Inc. (US), Verizon (US), Telensa (England), ABB (Switzerland), Honeywell International Inc. (US), SAP SE (Germany), KAPSCH Group (Austria), and AGT International (Switzerland). These solution providers are the leading vendors in the smart cities market. They have adopted organic and inorganic strategies, such as new product launches, acquisitions, business expansions, and partnerships, to expand their business reach and drive their business revenues. Moreover, various smart cities solution providers are adopting various strategies, including venture capital funding, funding through Initial Coin Offering (ICO), new product launches, acquisitions, and partnerships and collaborations, to increase their presence in the global market.
Recent developments
- In September 2018, Cisco Systems signed an agreement with the Indonesian government for its global Country Digital Acceleration (CDA) program. As per the agreement, this program would focus on digital governments, digital industries, digital state-owned enterprises, and cybersecurity and digital inclusions.
- In September 2018, Hitachi Vantara partnered with Colorado Smart Cities Alliance to develop smart city solutions for the Colorado city. Colorado Smart Cities Alliance is a coalition of Colorado municipalities, federally funded research labs, educational institutions, and leading private sector technology companies.
- In April 2017, Schneider Electric signed a contract with Naya Raipur Development Authority and IL&FS Technologies to develop an integrated greenfield project under the Naya Raipur smart city project, which is expected to be Indias first integrated greenfield smart city project.
- In April 2017, IBM collaborated with Dublin City University (DCU) to leverage the benefits of IoT for protecting water resources.
- In March 2017, Siemens signed an agreement with SAP to provide meter data management for new utility business models.
Critical Questions the Report Answers:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming trends in smart cities solutions?
- What are the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market.?
- How major factors, such as drivers, restraints, opportunities, and challenges, influence the growth of the market ?
- Which are the major actors (such as system integrators and telecom providers) playing a key role in the smart cities market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 23)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 27)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.1.2.3 Key Industry Insights By Focus Area
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Factor Analysis
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary (Page No. - 37)
4 Premium Insights (Page No. - 44)
4.1 Attractive Market Opportunities in the Global Smart Cities Market
4.2 Market, By Focus Area, 2018
4.3 Asia Pacific: Market, By Smart Transportation Type and Service
4.4 Asia Pacific: Market, By Smart Buildings Type and Service
4.5 Asia Pacific: Market, By Smart Utilities Solution and Service
5 Market Overview and Industry Trends (Page No. - 48)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Public Safety and Communications Infrastructure
5.2.1.2 Increasing Number of Government Initiatives and Ppp Models for Smart Cities
5.2.1.3 Growing Adoption of Connected and Smart Technologies in Smart Cities Initiatives
5.2.1.4 Optimizing the Use of Energy During Peak Hours
5.2.1.5 Citizen Empowerment and Engagement
5.2.2 Restraints
5.2.2.1 Privacy and Security Concerns
5.2.2.2 Lack of Standardized and Uniform Technology
5.2.2.3 Poor Operational Efficiency in Developing Countries
5.2.2.4 Lack of Technology Advancement in Developing Economies
5.2.3 Opportunities
5.2.3.1 Increasing Environmental Concerns and Demand for Green Initiatives
5.2.3.2 Developing Economies and Booming IT Sectors to Promote the Smart Cities Growth
5.2.3.3 Rising Demand for System Integrators to Offer End-To-End Solutions
5.2.3.4 Growing Demand for IoT
5.2.3.5 Emerging 5g Technology
5.2.4 Challenges
5.2.4.1 Unclear Strategic Goals and Lack of Structural Kpis
5.2.4.2 Huge Initial Investments
5.2.4.3 Lack of Knowledge Among People
5.3 Value Chain Analysis
5.4 Ecosystem Analysis
5.4.1 Smart Transportation
5.4.2 Smart Buildings
5.4.3 Smart Utilities
6 Smart Transportation Market (Page No. - 59)
6.1 Introduction
6.2 Types
6.2.1 Roadways
6.2.1.1 Roadways to Support Agile Transportation Infrastructure for Developing Smart Cities Market
6.2.2 Railways
6.2.2.1 Railways With Highly Advanced Integrated Solutions to Provide Effective Smart Transportation
6.2.3 Airways
6.3 Solutions
6.3.1 Smart Ticketing
6.3.1.1 Smart Ticketing Solution to Enable Passengers to Travel Through Different Transportation Modes
6.3.2 Traffic Management System
6.3.2.1 Parking Management
6.3.2.2 Traffic Surveillance
6.3.3 Passenger Information Management System
6.3.3.1 Passenger Information Management System to Provide Passengers With Real-Time Operational Services
6.3.4 Freight Information System
6.3.4.1 Freight Information to Augment Functionalities of Supply Chain Management
6.3.5 Connected Vehicle
6.3.5.1 Connected Vehicle Solution to Offer Agile Operations for Smart Transportation
6.3.6 Others
6.4 Services
6.4.1 Consulting
6.4.2 Deployment and Integration
6.4.3 Infrastructure Monitoring and Management
7 Smart Buildings Market (Page No. - 70)
7.1 Introduction
7.2 Types
7.2.1 Commercial Smart Buildings to Efficiently Utilize Energy Consumption and Offer Robust Operational Efficiencies
7.3 Solutions
7.3.1 Building Energy Optimization
7.3.1.1 HVAC Control
7.3.1.2 Lighting Management
7.3.1.3 Energy Information Management
7.3.2 Emergency Management
7.3.2.1 Video Surveillance
7.3.2.2 Fire Protection
7.3.2.3 Environmental Control
7.3.2.4 Access Control System
7.3.3 Parking Management System
7.3.4 Others
7.4 Services
7.4.1 Consulting
7.4.2 Deployment and Integration
7.4.3 Infrastructure Monitoring and Management
8 Smart Utilities Market (Page No. - 81)
8.1 Introduction
8.2 Types
8.2.1 Energy, Water and Gas Utilities to Optimize Resources With Minimal Downtime and Wastage
8.3 Solutions
8.3.1 Advanced Metering Infrastructure
8.3.1.1 Meter Data Management
8.3.1.2 Meter Data Analytics
8.3.1.3 Smart Meters
8.3.2 Distribution Management System
8.3.2.1 Distribution Management System to Reduce Abrupt Downtime and Wastage of Resources
8.3.3 Substation Automation
8.3.3.1 Highly Controlled Operations and Swift Connectivity Capabilities to Be Prime Focus Areas for Substation Automation
8.3.4 Others
8.4 Services
8.4.1 Consulting
8.4.2 Deployment and Integration
8.4.3 Infrastructure Monitoring and Management
9 Smart Citizen Services Market (Page No. - 91)
9.1 Introduction
9.2 Smart Education
9.2.1 The Technology Landscape has Transformed With the Implementation of Tablets, Lms, Digital Textbooks, and Elearning, Which has Brought About New Opportunities for Educators and Learners
9.3 Smart Healthcare
9.3.1 Healthcare Stakeholder are Embracing Power of IoT and Cloud in Smart Healthcare Segment
9.4 Smart Public Safety
9.4.1 Municipalities and Governments are Spending Millions of Dollars in Protecting Their Physical Infrastructures and Citizen to Safeguard From Suspicious and Terrorist Attacks
9.5 Smart Street Lighting
9.5.1 Smart Street Lighting Vendors are Working Closely With Smart City Platform Providers, Csps, and Hardware Vendors to Deliver Smart Street Lighting Services to Municipalities and Government Organizations
10 Smart Cities Market, By Region (Page No. - 98)
10.1 Introduction
10.2 North America
10.2.1 Smart Transportation
10.2.2 Smart Buildings
10.2.3 Smart Utilities
10.2.4 Smart Citizen Services
10.2.5 North America: Use Cases
10.2.6 North America: Competitive Scenario
10.3 Europe
10.3.1 Smart Transportation
10.3.2 Smart Buildings
10.3.3 Smart Utilities
10.3.4 Smart Citizen Services
10.3.5 Europe: Use Cases
10.3.6 Europe: Competitive Scenario
10.4 Asia Pacific
10.4.1 Smart Transportation
10.4.2 Smart Buildings
10.4.3 Smart Utilities
10.4.4 Smart Citizen Services
10.4.5 Asia Pacific: Use Cases
10.4.6 Asia Pacific: Competitive Scenario
10.5 Latin America
10.5.1 Smart Transportation
10.5.2 Smart Buildings
10.5.3 Smart Utilities
10.5.4 Smart Citizen Services
10.5.5 Latin America: Use Cases
10.5.6 Latin America: Competitive Scenario
10.6 Middle East and Africa
10.6.1 Smart Transportation
10.6.2 Smart Buildings
10.6.3 Smart Utilities
10.6.4 Smart Citizen Services
10.6.5 Middle East and Africa: Use Cases
10.6.6 Middle East and Africa: Competitive Scenario
11 Competitive Landscape (Page No. - 161)
11.1 Overview
11.2 Competitive Scenario
11.2.1 Smart Transportation
11.2.1.1 Partnerships and Collaborations
11.2.1.2 Acquisitions
11.2.2 Smart Utilities
11.2.2.1 Partnerships and Collaborations
11.2.2.2 New Product Launches
11.2.2.3 Acquisitions
11.2.2.4 Business Expansions
11.2.3 Smart Buildings
11.2.3.1 Partnerships and Collaborations
11.2.3.2 New Product Launches
11.2.3.3 Acquisitions
11.2.3.4 Business Expansions
11.2.4 Smart Citizen Services
11.2.4.1 Partnerships
11.2.4.2 New Product Launches, Product Enhancements, and New Service Launches
11.2.4.3 Acquisitions
11.2.4.4 Business Expansions
12 Company Profiles (Page No. - 172)
(Business Overview, Solutions & Services, Key Insights, Recent Developments, MnM View)*
12.1 Cisco Systems
12.2 Schneider Electric
12.3 IBM
12.4 Microsoft
12.5 Hitachi
12.6 Siemens AG
12.7 Huawei
12.8 NEC
12.9 Intel
12.10 Oracle
12.11 GE
12.12 AT&T
12.13 Ericsson
12.14 Nokia
12.15 Vodafone
12.16 Itron
12.17 Verizon
12.18 Toshiba Corporation
12.19 SAP SE
12.20 ABB
12.21 Alstom SA
12.22 Kapsch Group
12.23 Honeywell
12.24 Agt International
12.25 Bentley Systems
12.26 Key Innovators
12.26.1 Smart Transportation
12.26.1.1 Veson Nautical
12.26.1.2 Bass Software
12.26.2 Smart Utilities
12.26.2.1 Aclara
12.26.2.2 Takadu
12.26.3 Smart Buildings
12.26.3.1 Flamencotech
12.26.3.2 Delta Controls
12.26.4 Smart Citizen Services
12.26.4.1 Blackboard
12.26.4.2 Telensa
*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 247)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (105 Tables)
Table 1 United States Dollar Exchange Rate, 20152017
Table 2 Factors: Impact Analysis
Table 3 Smart Transportation Market Size, By Region, 20162023 (USD Billion)
Table 4 Smart Transportation Market Size, By Type, 20162023 (USD Billion)
Table 5 Smart Transportation Market Size, By Solution, 20162023 (USD Billion)
Table 6 Traffic Management Market Size, By Solution, 20162023 (USD Billion)
Table 7 Smart Transportation Market Size, By Service, 20162023 (USD Billion)
Table 8 Smart Building Market Size, By Region, 20162023 (USD Billion)
Table 9 Smart Buildings Market Size, By Type, 20162023 (USD Billion)
Table 10 Smart Buildings Market Size, By Solution, 20162023 (USD Billion)
Table 11 Building Energy Optimization Market Size, By Type, 20162023 (USD Billion)
Table 12 Emergency Management Market Size, By Type, 20162023 (USD Billion)
Table 13 Smart Buildings Market Size, By Service, 20162023 (USD Billion)
Table 14 Smart Utilities Market Size, By Region, 20162023 (USD Billion)
Table 15 Smart Utilities Market Size, By Type, 20162023 (USD Billion)
Table 16 Smart Utilities Market Size, By Solution, 20162023 (USD Billion)
Table 17 Advanced Metering Infrastructure Market Size, By Type, 20162023 (USD Billion)
Table 18 Smart Utilities Market Size, By Service, 20162023 (USD Billion)
Table 19 Smart Citizen Services Market Size, By Region, 20162023 (USD Billion)
Table 20 Smart Citizen Services Market Size, By Solution, 20162023 (USD Billion)
Table 21 Smart Cities Market Size, By Region, 20162023 (USD Billion)
Table 22 North America: Market Size, By Focus Area, 20162023 (USD Billion)
Table 23 North America: Smart Transportation Market Size, By Type, 20162023 (USD Billion)
Table 24 North America: Smart Transportation Market Size, By Component, 20162023 (USD Billion)
Table 25 North America: Smart Transportation Market Size, By Solution, 20162023 (USD Billion)
Table 26 North America: Smart Transportation Market Size, By Service, 20162023 (USD Billion)
Table 27 North America: Smart Buildings Market Size, By Type, 20162023 (USD Billion)
Table 28 North America: Smart Buildings Market Size, By Component, 20162023 (USD Billion)
Table 29 North America: Smart Buildings Market Size, By Solution, 20162023 (USD Billion)
Table 30 North America: Smart Buildings Market Size, By Service, 20162023 (USD Billion)
Table 31 North America: Smart Utilities Market Size, By Type, 20162023 (USD Billion)
Table 32 North America: Smart Utilities Market Size, By Component, 20162023 (USD Billion)
Table 33 North America: Smart Utilities Market Size, By Solution, 20162023 (USD Billion)
Table 34 North America: Smart Utilities Market Size, By Service, 20162023 (USD Billion)
Table 35 North America: Smart Citizen Services Market Size, By Solution, 20162023 (USD Billion)
Table 36 Europe: Smart Cities Market Size, By Focus Area, 20162023 (USD Billion)
Table 37 Europe: Smart Transportation Market Size, By Type, 20162023 (USD Billion)
Table 38 Europe: Smart Transportation Market Size, By Component, 20162023 (USD Billion)
Table 39 Europe: Smart Transportation Market Size, By Solution, 20162023 (USD Billion)
Table 40 Europe: Smart Transportation Market Size, By Service, 20162023 (USD Billion)
Table 41 Europe: Smart Buildings Market Size, By Type, 20162023 (USD Billion)
Table 42 Europe: Smart Buildings Market Size, By Component, 20162023 (USD Billion)
Table 43 Europe: Smart Buildings Market Size, By Solution, 20162023 (USD Billion)
Table 44 Europe: Smart Buildings Market Size, By Service, 20162023 (USD Billion)
Table 45 Europe: Smart Utilities Market Size, By Type, 20162023 (USD Billion)
Table 46 Europe: Smart Utilities Market Size, By Component, 20162023 (USD Billion)
Table 47 Europe: Smart Utilities Market Size, By Solution, 20162023 (USD Billion)
Table 48 Europe: Smart Utilities Market Size, By Service, 20162023 (USD Billion)
Table 49 Europe: Smart Citizen Services Market Size, By Solution, 20162023 (USD Billion)
Table 50 Asia Pacific: Smart Cities Market Size, By Focus Area, 20162023 (USD Billion)
Table 51 Asia Pacific: Smart Transportation Market Size, By Type, 20162023 (USD Billion)
Table 52 Asia Pacific: Smart Transportation Market Size, By Component, 20162023 (USD Billion)
Table 53 Asia Pacific: Smart Transportation Market Size, By Solution, 20162023 (USD Billion)
Table 54 Asia Pacific: Smart Transportation Market Size, By Service, 20162023 (USD Billion)
Table 55 Asia Pacific: Smart Buildings Market Size, By Type, 20162023 (USD Billion)
Table 56 Asia Pacific: Smart Buildings Market Size, By Component, 20162023 (USD Billion)
Table 57 Asia Pacific: Smart Buildings Market Size, By Solution, 20162023 (USD Billion)
Table 58 Asia Pacific: Smart Buildings Market Size, By Service, 20162023 (USD Billion)
Table 59 Asia Pacific: Smart Utilities Market Size, By Type, 20162023 (USD Billion)
Table 60 Asia Pacific: Smart Utilities Market Size, By Component, 20162023 (USD Billion)
Table 61 Asia Pacific: Smart Utilities Market Size, By Solution, 20162023 (USD Billion)
Table 62 Asia Pacific: Smart Utilities Market Size, By Service, 20162023 (USD Billion)
Table 63 Asia Pacific: Smart Citizen Services Market Size, By Solution, 20162023 (USD Billion)
Table 64 Latin America: Smart Cities Market Size, By Focus Area, 20162023 (USD Billion)
Table 65 Latin America: Smart Transportation Market Size, By Type, 20162023 (USD Billion)
Table 66 Latin America: Smart Transportation Market Size, By Component, 20162023 (USD Billion)
Table 67 Latin America: Smart Transportation Market Size, By Solution, 20162023 (USD Billion)
Table 68 Latin America: Smart Transportation Market Size, By Service, 20162023 (USD Billion)
Table 69 Latin America: Smart Buildings, By Type, 20162023 (USD Billion)
Table 70 Latin America: Smart Buildings Market Size, By Component, 20162023 (USD Billion)
Table 71 Latin America: Smart Buildings Market Size, By Solution, 20162023 (USD Billion)
Table 72 Latin America: Smart Buildings Market Size, By Service, 20162023 (USD Billion)
Table 73 Latin America: Smart Utilities Market Size, By Type, 20162023 (USD Billion)
Table 74 Latin America: Smart Utilities Market Size, By Component, 20162023 (USD Billion)
Table 75 Latin America: Smart Utilities Market Size, By Solution, 20162023 (USD Billion)
Table 76 Latin America: Smart Utilities Market Size, By Service, 20162023 (USD Billion)
Table 77 Latin America: Smart Citizen Services Market Size, By Solution, 20162023 (USD Billion)
Table 78 Middle East and Africa: Smart Cities Market Size, By Focus Area, 20162023 (USD Billion)
Table 79 Middle East and Africa: Smart Transportation Market Size, By Type, 20162023 (USD Billion)
Table 80 Middle East and Africa: Smart Transportation Market Size, By Component, 20162023 (USD Billion)
Table 81 Middle East and Africa: Smart Transportation Market Size, By Solution, 20162023 (USD Billion)
Table 82 Middle East and Africa: Smart Transportation Market Size, By Service, 20162023 (USD Billion)
Table 83 Middle East and Africa: Smart Buildings Market Size, By Type, 20162023 (USD Billion)
Table 84 Middle East and Africa: Smart Buildings Market Size, By Component, 20162023 (USD Billion)
Table 85 Middle East and Africa: Smart Buildings Market Size, By Solution, 20162023 (USD Billion)
Table 86 Middle East and Africa: Smart Buildings Market Size, By Service, 20162023 (USD Billion)
Table 87 Middle East and Africa: Smart Utilities Market Size, By Type, 20162023 (USD Billion)
Table 88 Middle East and Africa: Smart Utilities Market Size, By Component, 20162023 (USD Billion)
Table 89 Middle East and Africa: Smart Utilities Market Size, By Solution, 20162023 (USD Billion)
Table 90 Middle East and Africa: Smart Utilities Market Size, By Service, 20162023 (USD Billion)
Table 91 Middle East and Africa: Smart Citizen Services Market Size, By Solution, 20162023 (USD Billion)
Table 92 Partnerships and Collaborations, 2018
Table 93 Acquisitions, 20172018
Table 94 Partnerships and Collaborations, 2018
Table 95 New Product Launches, 20172018
Table 96 Acquisitions, 2018
Table 97 Business Expansions, 2018
Table 98 Partnerships and Collaborations, 20172018
Table 99 New Product Launches, 2018
Table 100 Acquisitions, 2018
Table 101 Business Expansions, 20172018
Table 102 Partnerships, 2018
Table 103 New Product Launches, Product Enhancements, and New Service Launches, 20172018
Table 104 Acquisitions, 2018
Table 105 Business Expansions, 20172018
List of Figures (113 Figures)
Figure 1 Smart Cities: Market Segmentation
Figure 2 Smart Cities Market: Research Design
Figure 3 Research Methodology
Figure 4 Market: Bottom-Up and Top-Down Approaches
Figure 5 Smart Cities Holistic View
Figure 6 Smart Cities Growth Trend
Figure 7 Asia Pacific to Grow at the Highest Rate During the Forecast Period
Figure 8 Smart Transportation Regional Market Size, 2018 (USD Billion)
Figure 9 Smart Buildings Regional Market Size, 2018 (USD Billion)
Figure 10 Smart Utilities Regional Market Size, 2018 (USD Billion)
Figure 11 Smart Citizen Services Regional Market Size, 2018 (USD Billion)
Figure 12 Growing Adoption of Smart Technologies to Drive the Growth of the Smart Cities Market
Figure 13 Smart Citizen Services Segment to Hold the Highest Market Share in 2018
Figure 14 Roadways, and Deployment and Integration Services to Account for the Highest Market Shares for Smart Transportation in 2018
Figure 15 Commercial, and Deployment and Integration Services to Account for the Highest Market Shares for Smart Buildings in 2018
Figure 16 Advanced Metering Infrastructure, and Deployment and Integration Services to Account for the Highest Market Shares in 2018
Figure 17 Drivers, Restraints, Opportunities, and Challenges: Smart Cities Market
Figure 18 Market: Value Chain Analysis
Figure 19 Market: Smart Transportation Ecosystem Analysis
Figure 20 Market: Smart Buildings Ecosystem Analysis
Figure 21 Market: Smart Utilities Ecosystem Analysis
Figure 22 Middle East and Africa to Grow at the Highest CAGR During the Forecast Period
Figure 23 Airways Segment to Grow at the Highest CAGR During the Forecast Period
Figure 24 Connected Vehicle Segment to Grow at the Highest CAGR During the Forecast Period
Figure 25 Parking Management Segment to Grow at A Higher CAGR During the Forecast Period
Figure 26 Deployment and Integration Segment to Grow at the Highest CAGR During the Forecast Period
Figure 27 Middle East and Africa to Grow at the Highest CAGR During the Forecast Period
Figure 28 Residential Segment to Grow at A Higher CAGR During the Forecast Period
Figure 29 Emergency Management Segment to Dominate During the Forecast Period
Figure 30 Lighting Management Segment to Grow at the Highest CAGR During the Forecast Period
Figure 31 Access Control System Segment to Grow at the Highest CAGR During the Forecast Period
Figure 32 Deployment and Integration Segment to Grow at the Highest Rate During the Forecast Period
Figure 33 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 34 Gas Segment to Grow at the Highest CAGR During the Forecast Period
Figure 35 Distribution Management System Segment to Grow at the Highest CAGR During the Forecast Period
Figure 36 Deployment and Integration Segment to Grow at the Highest CAGR During the Forecast Period
Figure 37 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 38 Smart Healthcare Segment to Grow at the Highest CAGR During the Forecast Period
Figure 39 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 40 Global Smart Cities Market: Focus Areas
Figure 41 North America: Focus Areas
Figure 42 North America: Market Snapshot
Figure 43 Use Case: Public Safety and Traffic Management
Figure 44 Use Case: Smart City Project, Kansas City
Figure 45 Use Case: Smart City Project, Las Vegas
Figure 46 Use Case: Smart City Project, City of Atlanta
Figure 47 Use Case: Smart City Project, City of Chula Vista
Figure 48 Use Case: Smart City Project, City of Dallas
Figure 49 Use Case: AT&T Smart City Framework
Figure 50 Europe: Focus Areas
Figure 51 Europe: Market Snapshot
Figure 52 Use Case: Smart City Tourism
Figure 53 Use Case: Connected Street Lighting
Figure 54 Use Case: Smart City Project, Vasteras Sweden
Figure 55 Use Case: Smart City Project, Cityverve
Figure 56 Use Case: Smart City Project, Bristol, UK
Figure 57 Use Case: Steep
Figure 58 Use Case: Smart City Project, Newcastle, UK
Figure 59 Use Case: Smart City Project, Hamburg, Germany
Figure 60 Use Case: Smart Grid Project
Figure 61 Use Case: Mysmartlife
Figure 62 Use Case: Smart City Berlin 2030
Figure 63 Use Case: Smart City Project, Barcelona, Spain
Figure 64 Use Case: Smart Stadium
Figure 65 Use Case: Smart City Project, Copenhagen, Denmark
Figure 66 Asia Pacific: Focus Areas
Figure 67 Asia Pacific: Market Snapshot
Figure 68 Use Case: Smart City Project, Singapore
Figure 69 Use Case: Smart Mobility
Figure 70 Use Case: Autonomous Taxi Project
Figure 71 Use Case: Advanced Traffic Management
Figure 72 Use Case: Path Initiative
Figure 73 Use Case: Belt and Road Initiative
Figure 74 Use Case: Wireless Surveillance
Figure 75 Use Case: Video Analytics City Surveillance
Figure 76 Latin America: Focus Areas
Figure 77 Use Case: Smart City Project, Mexico
Figure 78 Use Case: Smart City Project, Medellin, Colombia
Figure 79 Middle East and Africa: Focus Areas
Figure 80 Use Case: On-Street Parking Reservation System
Figure 81 Use Case: Smart Bus Tour App
Figure 82 Use Case: Smart Parking
Figure 83 Use Case: Smart City Project, Konza City
Figure 84 Use Case: Smart City Project, Kigali, Rwanda
Figure 85 Use Case: Automatic Meter Reading
Figure 86 Use Case: Smart City Project, Accra, Ghana
Figure 87 Use Case: Smart City Project, Masdar City, UAE
Figure 88 Use Case: Smart City Project, Abu Dhabi, UAE
Figure 89 Key Developments in the Smart Cities Market (20162018)
Figure 90 Market Evaluation Framework, 20162018
Figure 91 Cisco Systems: Company Snapshot
Figure 92 Schneider Electric: Company Snapshot
Figure 93 IBM: Company Snapshot
Figure 94 Microsoft: Company Snapshot
Figure 95 Hitachi: Company Snapshot
Figure 96 Siemens AG: Company Snapshot
Figure 97 Huawei: Company Snapshot
Figure 98 NEC: Company Snapshot
Figure 99 Intel: Company Snapshot
Figure 100 Oracle: Company Snapshot
Figure 101 GE: Company Snapshot
Figure 102 AT&T: Company Snapshot
Figure 103 Ericsson: Company Snapshot
Figure 104 Nokia: Company Snapshot
Figure 105 Vodafone: Company Snapshot
Figure 106 Itron: Company Snapshot
Figure 107 Verizon: Company Snapshot
Figure 108 Toshiba Corporation: Company Snapshot
Figure 109 SAP SE: Company Snapshot
Figure 110 ABB: Company Snapshot
Figure 111 Alstom SA: Company Snapshot
Figure 112 Kapsch Group: Company Snapshot
Figure 113 Honeywell: Company Snapshot
The study involved 4 major activities to estimate the current market size of the smart cities market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, for identifying and collecting information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; crypto asset management technology Research and Development (R&D) organizations; regulatory bodies; and databases.
Primary Research
Various primary sources from both the supply and demand sides of the smart cities market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide smart cities services and associated solution providers operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The following is the breakup of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
For estimating and forecasting the smart cities market and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size included the following:
- The key players in the market were identified through extensive secondary research.
- The market size, in terms of value, was determined through primary and secondary research processes.
- All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of the other individual markets via percentage splits of the market segmentation.
Report Objectives
- To define, describe, and forecast the global smart cities market by focus area (smart transportation, smart buildings, smart utilities, and smart citizen services) and region.
- To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyse the markets subsegments with respect to the individual growth trends, prospects, and contributions to the total market
- To analyse the opportunities in the market for stakeholders and provide the competitive landscape of the market
- To forecast the revenue of the markets segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
- To profile the key players and comprehensively analyze their recent developments and positioning in the market
- To analyse the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast units |
Billion (USD) |
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Segments covered |
Focus areas (smart transportation, smart buildings, smart utilities, and smart citizen services) and regions |
|
Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
|
Companies covered |
Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Ericsson (Sweden), Vodafone (UK), Itron Inc. (US), Verizon (US), Telensa (England), ABB (Switzerland), Honeywell International Inc. (US), SAP SE (Germany), KAPSCH Group (Austria), and AGT International (Switzerland). |
The research report categorizes the smart cities market to forecast the revenues and analyze trends in each of the following subsegments:
By Focus Area
- Smart Transportation
- Smart Buildings
- Smart Utilities
- Smart Citizen Services
By Smart Transportation
- Smart Ticketing
- Traffic Management System
- Passenger Information Management System
- Freight Information System
- Connected Vehicles
- Others (transport data management, ride sharing and integrated mobility solutions)
By Smart Buildings Solution
- Building Energy Optimization
- Emergency Management System
- Parking Management System
By Smart Utilities Solution
- Advanced Metering Infrastructure
- Distribution Management System
- Substation Automation
By Region
- North America
- Europe
- APAC
- Latin America
- MEA
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific requirements. The following customization options are available for the report:
Product Analysis
- Product matrix provides detailed product information and comparisons
Geographic Analysis
- Further breakup of the North American smart cities market
- Further breakup of the European market
- Further breakup of the APAC market
- Further breakup of the MEA market
- Further breakup of the Latin American market
Company Information
- Detailed analysis and profiles of additional market players
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Smart Cities Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Smart Cities Market