Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services (Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, and E-Governance) and Region - Global Forecast to 2027
Smart Cities Market Size, Global Industry Forecast
The global smart cities market in terms of revenue was estimated to be worth $511.6 billion in 2022 and is poised to reach $1024.4 billion by 2027, growing at a CAGR of 14.9% from 2022 to 2027. The growing mobile subscriber base, broadband penetration, and the adoption of advanced technologies across businesses drive the market.
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Smart Cities Market Dynamics
Drive: AI and ML to accelerate the development of smart cities
The technologies such as Artificial Intelligence (AI) and Machine Learning (ML) are helping smart cities empower individuals, organizations, or systems to be self-sufficient and futuristic. These technologies acquire massive amounts of data to upgrade the systems and components that run the cities and make them capable of making intelligent decisions without much human intervention. Artificial intelligence and machine learning algorithms are now fundamental parts of industries and are crucial to building smart cities. The deployment of AI-enabled intelligent machines powered by machine learning creates cyber-physical space, which includes traffic sensors, medical monitoring, industrial control systems, video cameras, environment sensors, and smart meters. The data obtained through machines help in predictive analysis and decision-making for smart city planning.
Restraint: Privacy and security concerns over IoT
Privacy and security are major areas of concern in smart city projects. As the ecosystem of smart cities depends majorly on IoT and central access points for different data, the vulnerability of the whole ecosystem is high. To solve the privacy and security challenges in smart cities, stakeholders (security professionals and smart city planners) must address issues holistically to ensure that the challenges will not continue plaguing the rest of the smart network. The need for a technically suitable solution to guarantee the security and privacy of customers adopting various identification systems has been increasing.
Opportunity: Advancements in technologies, such as AI, cloud, IoT, and analytics
In recent years, there have been rapid advancements in emerging technologies, such as AI, ML, cloud, data analytics, IoT, and cybersecurity. The augmented adoption of these technologies in the smart cities environment has enabled better connectivity, resulting in a complete remodeling of the smart city ecosystem. With the help of IoT devices, the system can collect data from multiple sources and share it with a centralized control center by leveraging the cloud. Such advanced technologies are not only used to enrich the lives of citizens but are also used in other areas, such as security, privacy, and environmental sustainability. For instance, a Mexican city uses AT&T’s AT&T Control Center, an IoT platform, to efficiently manage connected devices in real time.
Challenge: Absence of appropriate infrastructure in developing and underdeveloped economies
The developing and underdeveloped nations still use legacy telecom infrastructure incapable of delivering low latency and high-capacity connectivity. Poor internet speed can lead to a poor experience. Since smart city solutions require high-speed and low-latency internet, having a slow connection will cause reduced quality of service. The lack of high-speed internet makes it very difficult to implement smart city solutions. The governments in such countries do not have the budget to afford the expensive infrastructures required to establish and ensure the smooth functioning of smart city solutions.
By smart healthcare services to register higher CAGR during forecast period
With the growing digitalization and increasing connectivity and innovations in the modern healthcare ecosystem, the IoT in the healthcare industry is witnessing significant growth. Smart healthcare solutions are helping organizations in managing various bottlenecks in caregiving and bridging the gap between the patients and care providers by providing solutions, such as remote patient monitoring, remote medical assistance, simultaneous monitoring and reporting, patient care workflow automation, notifications and alert management, real-time staff tracking, mobile health, smart hospitals, smart pills, and enhanced chronic disease treatment.
By smart utilities solution, advanced metering infrastructure to account for largest market share during forecast period
Smart metering and Meter Data Management (MDM) solutions for utilities are handled by enterprise applications to centralize the collection, process, and storage and perform complex analysis of meter and other utilities-related data. The MDM solution captures volumes of interval data produced by metering systems. Moreover, MDM simplifies the IT integration of meters and consolidates the reading data from multiple collection systems into a centralized repository. After the data is processed, it can be accessed across utility organizations for a wide range of applications, such as billing, revenue assurance, leak management and loss analysis, system capacity planning, and consumer engagement.
North America to account for largest market share during forecast period
North America is expected to hold the largest share of the overall smart cities market. The US has high adoption of smart city technologies in this region. North America leads smart city usage, with the US and Canada at the forefront. These countries have sustainable and well-established economies, which empower them to invest strongly in R&D activities, thereby contributing to developing new technologies. Network operators in this region constantly invest in expanding and upgrading their telecom networks and transition toward 5G infrastructure. This leverages technologies, such as cloud edge computing and network slicing, thereby actuating the adoption of smart cities at a low cost for strategic urban management.
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Key Market Players
The smart cities market vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. The major vendors in this market include Cisco (US), IBM (US), Siemens (Germany), Microsoft (US), Hitachi (Japan), Schneider Electric (France), Huawei (China), Intel (US), NEC (Japan), ABB (Switzerland), Ericsson (Sweden), Oracle (US), Fujitsu (Japan), Honeywell (US), Accenture (Ireland), Vodafone (UK), AWS (US), Thales (France), Signify (Netherlands), Kapsch (Austria), Motorola (US), GE (US), Google (US), TCS (India), AT&T (US), Nokia (Finland), Samsung (South Korea), SAP (Germany), TomTom (Netherlands), AppyWay (UK), Ketos (US), Gaia (India), TaKaDu (Israel), FlamencoTech (India), XENIUS (India), Bright Cities (Brazil), Maydtech (Mexico), Zencity (Israel), and IXDen (Israel). The study includes an in-depth competitive analysis of these key market players along with their profiles, recent developments, and key market strategies.
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|
Report Metrics |
Details |
|
Smart Cities Market size value in 2022 |
USD 511.6 Billion |
|
Market size value for 2027 |
USD 1024.4 Billion |
|
Market Growth Rate |
14.9% CAGR |
|
Largest Market |
North America |
|
Smart Cities Market Growth Drivers |
|
|
Smart Cities Market Size Opportunities |
|
| Market size available for years | 2016-2027 |
| Base year considered in this report | 2021 |
| Forecast period of this report | 2022-2027 |
| Forecast units | Value (USD Billion) |
| Segments covered | By focus area, smart transportation, smart building, smart utility, smart citizen service, and region |
| Regions covered | North America, Europe, Asia Pacific, Middle East, and Africa, and Latin America |
| Companies covered | Cisco (US), IBM (US), Siemens (Germany), Microsoft (US), Hitachi (Japan), Schneider Electric (France), Huawei (China), Intel (US), and many more. |
This research report categorizes the smart cities market to forecast revenues and analyze trends in each of the following subsegments:
Market by Focus Area Type:
- Smart Transportation
- Smart Building
- Smart Utilities
- Smart Citizen Services
Market by Smart Transportation
-
By Component:
-
Solutions
- Smart Ticketing
- Traffic Management
- Parking Management
- Traffic Surveillance
- Passenger Information Management
- Connected Logistics
- Other Solutions
-
Services
- Consulting
- Deployment and Integration
- Infrastructure Monitoring and Management
-
Solutions
-
By Type:
- Roadway
- Railway
- Airway
Market by Smart Building
-
BY Component:
-
Solutions
-
Building Infrastructure Management
- Parking Management System
- Smart Water Management System
- Elevator and Escalators Management System
-
Safety and Security Management
- Access Control System
- Video Surveilliance System
- Safety System
-
Energy Management
- HVAC System
- Lighting System
- Network Management
- Integrated Workspace Management System
-
Building Infrastructure Management
-
Services
- Consulting
- Deployment and integration
- Infrastructure monitoring and management
-
Solutions
-
By Type:
- Residential
- Commercial
- Industrial
Market by Smart Utilities
-
By Component:
-
Solutions
-
Advanced metering infrastructure
- Meter Data Management
- Meter Data Analytics
- Smart Meter
- Others
- Distribution management system
- Substation automation
- Others
-
Advanced metering infrastructure
-
Services
- Consulting
- Deployment and integration
- Infrastructure monitoring and management
-
Solutions
-
By Type:
- Energy/power
- Water
- Gas
- Others
Market by Smart Citizen Services Type:
-
Smart Healthcare
- Medical Devices
- System and Software
- Services
-
Smart Education
- Solution
- Services
-
Smart public safety
- Solution
- Services
-
Smart street lighting
- Solution
- Services
-
E-governance
- Solution
- Services
Market By Region:
-
North America
- US
- Canada
-
Europe
- UK
- France
- Germany
- Spain
- Italy
- Nordics
- Rest of Europe
-
Asia Pacific
- China
- Japan
- India
- Australia and New Zealand
- South East Asia
- Rest of Asia Pacific
-
Middle East and Africa
-
Middle East
- United Arab Emirates
- Kingdom of Saudi Arabia
- Rest of Middle East
-
Africa
- South Africa
- Egypt
- Nigeria
- Rest of Africa
-
Middle East
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments in Smart Cities Market:
- In October 2021, Siemens Mobility, a subsidiary of Siemens, acquired Squills, a leading Software as a Service (SaaS) provider for inventory management, reservation, and ticketing software. This strengthened Siemens’ portfolio of innovative, smart, and comprehensive mobility solutions.
- In May 2021, Itron and Microsoft collaborated to provide customers with highly scalable cloud-based MDM services.
- In October 2021, Hitachi partnered with Bao Viet Insurance to drive innovation in the insurance business using AI and medical big data. Bao Viet Insurance would use Hitachi’s technologies to improve health by predicting the risk of developing a disease.
Frequently Asked Questions (FAQ):
What is a smart city?
A smart city refers to a city that efficiently deploys its Information and Communications Technology (ICT) infrastructure to improve the quality of life, along with augmented efficiency in urban operations and services, ensuring that the needs of present and future generations for economic, social, and environmental aspects are met.
Which countries are considered in the North American region?
The report includes an analysis of the US and Canada in the North American region.
Which are the key drivers supporting the growth of the smart cities market?
The key drivers supporting the growth of the smart cities market include growing urbanization to drive the adoption of smart city solutions, the need for efficient management and utilization of resources, demand for fast and efficient transport and commuting, public safety concerns to accelerate smart city adoption, increasing demand for a healthy environment with efficient energy consumption.
Who are the key vendors in the smart cities market?
The key vendors operating in the smart cities market include Cisco (US), IBM (US), Siemens (Germany), Microsoft (US), Hitachi (Japan), Schneider Electric (France), Huawei (China), Intel (US), NEC (Japan), ABB (Switzerland), Ericsson (Sweden), Oracle (US), Fujitsu (Japan), Honeywell (US), Accenture (Ireland), Vodafone (UK), AWS (US), Thales (France), Signify (Netherlands), Kapsch (Austria), Motorola (US), GE (US), Google (US), TCS (India), AT&T (US), Nokia (Finland), Samsung (South Korea), SAP (Germany), TomTom (Netherlands), AppyWay (UK), Ketos (US), Gaia (India), TaKaDu (Israel), FlamencoTech (India), XENIUS (India), Bright Cities (Brazil), Maydtech (Mexico), Zencity (Israel), and IXDen (Israel). .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 44)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 UNITED STATES DOLLAR, EXCHANGE RATES, 2018–2021
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 50)
2.1 RESEARCH DATA
FIGURE 1 SMART CITIES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
TABLE 2 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF FOCUS AREAS OF MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE): SMART CITIES MARKET
2.4 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
2.5 COMPANY EVALUATION MATRIX METHODOLOGY
FIGURE 6 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
2.6 STARTUP/SME EVALUATION MATRIX METHODOLOGY
FIGURE 7 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
2.7 STUDY ASSUMPTIONS
2.8 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 62)
FIGURE 8 SMART CITIES MARKET, 2020-2027
FIGURE 9 MARKET, REGIONAL AND COUNTRY-WISE SHARES, 2022
FIGURE 10 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 67)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS SMART CITIES MARKET
FIGURE 11 INCREASED USE OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING, GROWING URBANIZATION, AND RESOURCE UTILIZATION TO DRIVE MARKET GROWTH
4.2 MARKET IN NORTH AMERICA, BY FOCUS AREA AND COUNTRY
FIGURE 12 SMART CITIZEN SERVICES AND UNITED STATES TO ACCOUNT FOR LARGEST SHARES IN MARKET IN 2022
4.3 ASIA PACIFIC MARKET, 2022
FIGURE 13 SMART CITIZEN SERVICES AND CHINA TO ACCOUNT FOR HIGH MARKET SHARES IN ASIA PACIFIC IN 2022
4.4 MARKET, BY COUNTRY
FIGURE 14 INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 70)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SMART CITIES MARKET
5.2.1 DRIVERS
5.2.1.1 Artificial intelligence and machine learning to accelerate development of smart cities
5.2.1.2 Growing urbanization to drive adoption of smart city solutions
FIGURE 16 GLOBAL URBAN POPULATION
5.2.1.3 Need for efficient management and utilization of resources
5.2.1.4 Demand for fast and efficient transport
5.2.1.5 Public safety concerns to accelerate smart city adoption
5.2.1.6 Need for healthy environment with efficient energy consumption
FIGURE 17 GLOBAL CO2 EMISSIONS BY SECTOR, 2020
5.2.2 RESTRAINTS
5.2.2.1 Privacy and security concerns
5.2.2.2 High cost of implementation
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in AI, cloud, IoT, and analytics technologies
5.2.3.2 Rise of 5G
FIGURE 18 PERCENTAGE OF GLOBAL CONNECTIONS IN 2018 AND 2023
5.2.3.3 Use of drones to enforce compliance during pandemics
5.2.4 CHALLENGES
5.2.4.1 Absence of appropriate infrastructure in emerging economies
FIGURE 19 STATE OF MOBILE INTERNET CONNECTIVITY, BY REGION, 2020
5.2.4.2 Lack of knowledge among people about smart cities
5.2.4.3 Disruption in logistics and supply chains
5.3 CUMULATIVE GROWTH ANALYSIS
5.4 ECOSYSTEM
TABLE 4 SMART CITIES MARKET: ECOSYSTEM
5.5 VALUE CHAIN ANALYSIS
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 MARKET: PORTER’S FIVE FORCES MODEL
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF BUYERS
5.6.4 BARGAINING POWER OF SUPPLIERS
5.6.5 COMPETITIVE RIVALRY
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA
5.7.1 KEY STAKEHOLDERS ON BUYING PROCESS
FIGURE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
5.7.2 BUYING CRITERIA
FIGURE 21 KEY BUYING CRITERIA FOR TOP THREE END USERS
TABLE 7 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.8 TECHNOLOGY ANALYSIS
5.8.1 INTRODUCTION
5.8.1.1 AI and ML
5.8.1.2 IoT
5.8.1.3 Big data analytics
5.8.1.4 5G
5.8.2 TRENDS AND DISRUPTIONS IMPACTING BUYERS
FIGURE 22 REVENUE SHIFT FOR SMART CITIES MARKET
5.9 PATENT ANALYSIS
5.9.1 METHODOLOGY
5.9.2 DOCUMENT TYPE
TABLE 8 PATENTS FILED, 2019–2022
5.9.3 INNOVATION AND PATENT APPLICATION
FIGURE 23 TOTAL NUMBER OF PATENTS GRANTED ANNUALLY BETWEEN 2019 TO 2022
5.9.3.1 Top applicants
FIGURE 24 TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2019–2022
5.10 PRICING ANALYSIS
TABLE 9 PRICING ANALYSIS FOR SMART CITIES
5.11 CASE STUDY ANALYSIS
5.11.1 CASE STUDY 1: ABB HELPED FASTNED EXPAND ITS EV FAST CHARGE NETWORK ACROSS EUROPE
5.11.2 CASE STUDY 2: HONEYWELL ENABLED EFFICIENT FLIGHT ROUTING FOR NEWARK LIBERTY INTERNATIONAL AIRPORT
5.11.3 CASE STUDY 3: BANE NOR SELECTED THALES TO PROVIDE NEXT-GENERATION NATIONWIDE TRAFFIC MANAGEMENT SYSTEM
5.11.4 CASE STUDY 4: CURTIN UNIVERSITY ADOPTED HITACHI INTERNET OF THINGS SOLUTION TO IMPLEMENT SMART CAMPUS
5.11.5 CASE STUDY 5: HUAWEI HELPED QINGHAI-TIBET RAILWAY IMPROVE SURVEILLANCE EFFICIENCY
5.12 KEY CONFERENCES AND EVENTS IN 2022–2023
5.12.1 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS IN 2022–2023
5.13 REGULATORY COMPLIANCES
6 SMART CITIES MARKET, BY FOCUS AREA (Page No. - 92)
6.1 INTRODUCTION
FIGURE 25 SMART TRANSPORTATION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 10 MARKET, BY FOCUS AREA, 2016–2021 (USD BILLION)
TABLE 11 MARKET, BY FOCUS AREA, 2022–2027 (USD BILLION)
7 SMART CITIES MARKET, BY SMART TRANSPORTATION (Page No. - 94)
7.1 INTRODUCTION
TABLE 12 SMART TRANSPORTATION MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 13 SMART TRANSPORTATION MARKET, BY REGION, 2022–2027 (USD BILLION)
7.1.1 SMART TRANSPORTATION: MARKET DRIVERS
7.2 COMPONENT
7.2.1 INCREASING PRESENCE OF SMART TECHNOLOGIES IN SMART TRANSPORTATION
TABLE 14 SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 15 SMART TRANSPORTATION MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
7.2.2 SOLUTIONS
FIGURE 26 PASSENGER INFORMATION MANAGEMENT SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 16 SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD BILLION)
TABLE 17 SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
7.2.2.1 Smart ticketing
7.2.2.2 Traffic management
FIGURE 27 PARKING MANAGEMENT SEGMENT TO WITNESS HIGHER CAGR DURING FORECAST PERIOD
TABLE 18 TRAFFIC MANAGEMENT: SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD BILLION)
TABLE 19 TRAFFIC MANAGEMENT: SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
7.2.2.2.1 Parking management
7.2.2.2.2 Traffic surveillance
7.2.2.3 Passenger information
7.2.2.4 Connected logistics
7.2.2.5 Other smart transportation solutions
7.2.3 SERVICES
FIGURE 28 INFRASTRUCTURE MONITORING AND MANAGEMENT SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 20 SMART TRANSPORTATION MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 21 SMART TRANSPORTATION MARKET, BY SERVICE, 2022–2027 (USD BILLION)
7.2.3.1 Consulting
7.2.3.2 Deployment and integration
7.2.3.3 Infrastructure monitoring and management
7.3 TYPE
7.3.1 RAPID INCREASE IN URBAN DEMOGRAPHICS AND GROWING ENVIRONMENTAL CONCERNS
FIGURE 29 RAILWAYS SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 22 SMART TRANSPORTATION MARKET, BY TYPE, 2016–2021 (USD BILLION)
TABLE 23 SMART TRANSPORTATION MARKET, BY TYPE, 2022–2027 (USD BILLION)
7.3.2 ROADWAYS
7.3.3 RAILWAYS
7.3.4 AIRWAYS
8 SMART CITIES MARKET, BY SMART BUILDING (Page No. - 108)
8.1 INTRODUCTION
8.1.1 SMART BUILDING: MARKET DRIVERS
TABLE 24 SMART BUILDINGS MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 25 SMART BUILDINGS MARKET, BY REGION, 2022–2027 (USD BILLION)
8.2 COMPONENT
8.2.1 INCREASING DEMAND FOR ENERGY-SAVING SOLUTIONS AND SERVICES
TABLE 26 SMART BUILDINGS MARKET, BY COMPONENT, 2016–2021 (USD BILLION)
TABLE 27 SMART BUILDINGS MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
8.2.2 SOLUTIONS
FIGURE 30 ENERGY MANAGEMENT SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 28 SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD BILLION)
TABLE 29 SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
8.2.2.1 Building infrastructure management
TABLE 30 BUILDING INFRASTRUCTURE MANAGEMENT: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD BILLION)
TABLE 31 BUILDING INFRASTRUCTURE MANAGEMENT: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
8.2.2.1.1 Parking management system
8.2.2.1.2 Smart water management system
8.2.2.1.3 Elevators and escalators management system
8.2.2.2 Security and Emergency Management
TABLE 32 SECURITY AND EMERGENCY MANAGEMENT: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD BILLION)
TABLE 33 SECURITY AND EMERGENCY MANAGEMENT: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
8.2.2.2.1 Access control system
8.2.2.2.2 Video surveillance system
8.2.2.2.3 Safety system
8.2.2.3 Energy management
TABLE 34 ENERGY MANAGEMENT: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD BILLION)
TABLE 35 ENERGY MANAGEMENT: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD BILLION)
8.2.2.3.1 HVAC control systems
8.2.2.3.2 Lighting systems
8.2.2.4 Network management
8.2.2.5 Integrated workplace management system
8.2.3 SERVICES
FIGURE 31 DEPLOYMENT AND INTEGRATION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 36 SMART BUILDINGS MARKET, BY SERVICE, 2016–2021 (USD BILLION)
TABLE 37 SMART BUILDINGS MARKET, BY SERVICE, 2022–2027 (USD BILLION)
8.2.3.1 Consulting
8.2.3.2 Deployment and integration
8.2.3.3 Infrastructure monitoring and management
8.3 TYPE
8.3.1 INCREASED NEED FOR ENERGY-EFFICIENT LIGHTING AND HVAC CONTROL SYSTEMS
FIGURE 32 INDUSTRIAL SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 38 SMART BUILDINGS MARKET, BY TYPE, 2016–2021 (USD BILLION)
TABLE 39 SMART BUILDINGS MARKET, BY TYPE, 2022–2027 (USD BILLION)
8.3.2 RESIDENTIAL
8.3.3 COMMERCIAL
8.3.4 INDUSTRIAL
9 SMART CITIES MARKET, BY SMART UTILITY (Page No. - 121)
9.1 INTRODUCTION
TABLE 40 SMART UTILITIES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 41 SMART UTILITIES MARKET, BY REGION, 2022–2027 (USD MILLION)
9.1.1 SMART UTILITY: MARKET DRIVERS
9.2 COMPONENT
9.2.1 DIGITAL TRANSFORMATION IN UTILITY SECTOR TO DRIVE MARKET
TABLE 42 SMART UTILITIES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 43 SMART UTILITIES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
9.2.2 SOLUTIONS
FIGURE 33 METER DATA ANALYTICS SYSTEM SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 44 SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 45 SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
9.2.2.1 Advanced metering infrastructure
TABLE 46 ADVANCED METERING INFRASTRUCTURE: SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 47 ADVANCED METERING INFRASTRUCTURE: SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
9.2.2.2 Meter data management
9.2.2.2.1 Meter data analytics
9.2.2.2.2 Smart meters
9.2.2.2.3 Other solutions
9.2.2.3 Distribution management system
9.2.2.4 Substation automation
9.2.2.5 Other smart utilities solutions
9.2.3 SERVICES
FIGURE 34 INFRASTRUCTURE MONITORING AND MANAGEMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 48 SMART UTILITIES MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 49 SMART UTILITIES MARKET, BY SERVICE, 2022–2027 (USD MILLION)
9.2.3.1 Consulting
9.2.3.2 Deployment and integration
9.2.3.3 Infrastructure monitoring and management
9.3 TYPE
9.3.1 INCREASING ADOPTION OF CLOUD-BASED SOLUTIONS
FIGURE 35 WATER SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 50 SMART UTILITIES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 51 SMART UTILITIES MARKET, BY TYPE, 2022–2027 (USD MILLION)
9.3.2 ENERGY
9.3.3 GAS
9.3.4 WATER
9.3.5 OTHER TYPES
10 SMART CITIES MARKET, BY SMART CITIZEN SERVICE (Page No. - 134)
10.1 INTRODUCTION
FIGURE 36 SMART HEALTHCARE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 52 SMART CITIZEN SERVICES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 53 SMART CITIZEN SERVICES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 54 SMART CITIZEN SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 55 SMART CITIZEN SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.1.1 SMART CITIZEN SERVICE: MARKET DRIVERS
10.2 SMART HEALTHCARE
10.2.1 GROWING DIGITALIZATION, INCREASING CONNECTIVITY, AND INNOVATION TO DRIVE MARKET
TABLE 56 SMART HEALTHCARE: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 57 SMART HEALTHCARE: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 58 SMART HEALTHCARE: SMART CITIZEN SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 59 SMART HEALTHCARE: SMART CITIZEN SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.2.2 MEDICAL DEVICES
10.2.3 SYSTEMS AND SOFTWARE
10.2.4 SERVICES
10.3 SMART EDUCATION
10.3.1 RISE IN ADOPTION OF MOBILE DEVICES AND USE OF INTERNET OF THINGS TO ENHANCE LEARNING EXPERIENCE
TABLE 60 SMART EDUCATION: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 61 SMART EDUCATION: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 62 SMART EDUCATION: SMART CITIZEN SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 63 SMART EDUCATION: SMART CITIZEN SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3.2 SOLUTIONS
10.3.3 SERVICES
10.4 SMART PUBLIC SAFETY
10.4.1 RISE IN SECURITY BREACHES TO DRIVE DEMAND FOR SMART PUBLIC SAFETY SOLUTIONS
TABLE 64 SMART PUBLIC SAFETY: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 65 SMART PUBLIC SAFETY: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 66 SMART PUBLIC SAFETY: SMART CITIZEN SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 67 SMART PUBLIC SAFETY: SMART CITIZEN SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4.2 SOLUTIONS
10.4.3 SERVICES
10.5 SMART STREET LIGHTING
10.5.1 SMART PARKING, TRAFFIC VIDEO SURVEILLANCE, AND AIR QUALITY MONITORING TO DRIVE DEMAND FOR SOLUTIONS
TABLE 68 SMART STREET LIGHTING: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 69 SMART STREET LIGHTING: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 70 SMART STREET LIGHTING: SMART CITIZEN SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 71 SMART STREET LIGHTING: SMART CITIZEN SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.6 EGOVERNANCE
10.6.1 ENHANCING TRANSPARENCY AND DECREASING BURDEN OF KEEPING PAPER RECORDS
TABLE 72 SMART EGOVERNANCE: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 73 SMART EGOVERNANCE: SMART CITIZEN SERVICES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 74 SMART EGOVERNANCE: SMART CITIZEN SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 75 SMART EGOVERNANCE: SMART CITIZEN SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION)
10.6.2 SOLUTIONS
10.6.3 SERVICES
11 SMART CITIES MARKET, BY REGION (Page No. - 145)
11.1 INTRODUCTION
FIGURE 37 MARKET: REGIONAL SNAPSHOT
TABLE 76 MARKET, BY REGION, 2016–2021 (USD MILLION)
TABLE 77 MARKET, BY REGION, 2022–2027 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 PESTLE ANALYSIS: NORTH AMERICA
FIGURE 38 NORTH AMERICA: MARKET SNAPSHOT
TABLE 78 NORTH AMERICA: SMART CITIES MARKET, BY FOCUS AREA, 2016–2021 (USD MILLION)
TABLE 79 NORTH AMERICA: MARKET, BY FOCUS AREA, 2022–2027 (USD MILLION)
TABLE 80 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 81 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 82 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 83 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 84 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 85 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 86 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 87 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 88 NORTH AMERICA: SMART BUILDINGS MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 89 NORTH AMERICA: SMART BUILDINGS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 90 NORTH AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 91 NORTH AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 92 NORTH AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 93 NORTH AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 94 NORTH AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 95 NORTH AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 96 NORTH AMERICA: SMART UTILITIES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 97 NORTH AMERICA: SMART UTILITIES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 98 NORTH AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 99 NORTH AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 100 NORTH AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 101 NORTH AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 102 NORTH AMERICA: SMART UTILITIES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 103 NORTH AMERICA: SMART UTILITIES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 104 NORTH AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 105 NORTH AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 106 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 107 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.2.2 US
11.2.2.1 Highest adoption of IoT to lead to market growth
11.2.3 CANADA
11.2.3.1 Increased investments in industrial development to boost market growth
11.3 EUROPE
TABLE 108 EUROPE: SMART CITIES MARKET, BY FOCUS AREA, 2016–2021 (USD MILLION)
TABLE 109 EUROPE: MARKET, BY FOCUS AREA, 2022–2027 (USD MILLION)
TABLE 110 EUROPE: SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 111 EUROPE: SMART TRANSPORTATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 112 EUROPE: SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 113 EUROPE: SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 114 EUROPE: SMART TRANSPORTATION MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 115 EUROPE: SMART TRANSPORTATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 116 EUROPE: SMART TRANSPORTATION MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 117 EUROPE: SMART TRANSPORTATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 118 EUROPE: SMART BUILDINGS MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 119 EUROPE: SMART BUILDINGS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 120 EUROPE: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 121 EUROPE: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 122 EUROPE: SMART BUILDINGS MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 123 EUROPE: SMART BUILDINGS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 124 EUROPE: SMART BUILDINGS MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 125 EUROPE: SMART BUILDINGS MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 126 EUROPE: SMART UTILITIES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 127 EUROPE: SMART UTILITIES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 128 EUROPE: SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 129 EUROPE: SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 130 EUROPE: SMART UTILITIES MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 131 EUROPE: SMART UTILITIES MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 132 EUROPE: SMART UTILITIES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 133 EUROPE: SMART UTILITIES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 134 EUROPE: SMART CITIZEN SERVICES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 135 EUROPE: SMART CITIZEN SERVICES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 136 EUROPE: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 137 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.3.1 UK
11.3.1.1 Higher adoption rate of smart technologies to boost smart cities solutions’ growth
11.3.2 GERMANY
11.3.2.1 Increasing adoption of smart citizen services-related technologies to drive market
11.3.3 FRANCE
11.3.3.1 Strong hold on infrastructure development to drive market
11.3.4 SPAIN
11.3.4.1 Strong economy, high standard of living, and improved quality of life to boost market growth
11.3.5 ITALY
11.3.5.1 High adoption of latest technologies to boost market growth
11.3.6 NORDICS
11.3.6.1 Promoting sustainable development with smart cities solutions to drive market
11.3.7 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 PESTLE ANALYSIS: ASIA PACIFIC
FIGURE 39 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 138 ASIA PACIFIC: SMART CITIES MARKET, BY FOCUS AREA, 2016–2021 (USD MILLION)
TABLE 139 ASIA PACIFIC: MARKET, BY FOCUS AREA, 2022–2027 (USD MILLION)
TABLE 140 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 141 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 142 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 143 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 144 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 145 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 146 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 147 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 148 ASIA PACIFIC: SMART BUILDINGS MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 149 ASIA PACIFIC: SMART BUILDINGS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 150 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 151 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 152 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 153 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 154 ASIA PACIFIC: SMART BUILDINGS MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 155 ASIA PACIFIC: SMART BUILDINGS MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 156 ASIA PACIFIC: SMART UTILITIES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 157 ASIA PACIFIC: SMART UTILITIES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 158 ASIA PACIFIC: SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 159 ASIA PACIFIC: SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 160 ASIA PACIFIC: SMART UTILITIES MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 161 ASIA PACIFIC: SMART UTILITIES MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 162 ASIA PACIFIC: SMART UTILITIES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 163 ASIA PACIFIC: SMART UTILITIES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 164 ASIA PACIFIC: SMART CITIZEN SERVICES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 165 ASIA PACIFIC: SMART CITIZEN SERVICES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 166 ASIA PACIFIC: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 167 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Global leader in smart city initiatives and largest 5G market
11.4.3 JAPAN
11.4.3.1 Leader in smart city governance
11.4.4 SOUTH KOREA
11.4.4.1 Home to world’s first totally smart city
11.4.5 INDIA
11.4.5.1 Growing urban population to boost market growth
11.4.6 AUSTRALIA & NEW ZEALAND
11.4.6.1 Knowledge-based economy to offer growth opportunity for smart cities market
11.4.7 SOUTHEAST ASIA
11.4.7.1 Rapid urbanization to drive market
11.4.8 REST OF ASIA PACIFIC
11.5 MIDDLE EAST & AFRICA
11.5.1 PESTLE ANALYSIS: MIDDLE EAST & AFRICA
TABLE 168 MIDDLE EAST & AFRICA: SMART CITIES MARKET, BY FOCUS AREA, 2016–2021 (USD MILLION)
TABLE 169 MIDDLE EAST & AFRICA: MARKET, BY FOCUS AREA, 2022–2027 (USD MILLION)
TABLE 170 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 171 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 172 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 173 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 174 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 175 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 176 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 177 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 178 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 179 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 180 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 181 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 182 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 183 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 184 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 185 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 186 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 187 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 188 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 189 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 190 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 191 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 192 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 193 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 194 MIDDLE EAST & AFRICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 195 MIDDLE EAST & AFRICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 196 MIDDLE EAST: SMART CITIES MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 197 MIDDLE EAST: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 198 AFRICA: MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 199 AFRICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.5.2 UAE
11.5.2.1 Cities to have environment-friendly business practices, paperless government services, and city-wide internet connectivity
11.5.3 KSA
11.5.3.1 Planning of AI-powered city with flying cabs and artificial moon to drive smart cities market
11.5.4 REST OF MIDDLE EAST
11.5.5 SOUTH AFRICA
11.5.5.1 Advancement in transportation and wifi projects to boost market growth
11.5.6 EGYPT
11.5.6.1 Developing people-centered digital policies
11.5.7 NIGERIA
11.5.7.1 Rising urbanization to raise demand for smart cities
11.5.8 REST OF AFRICA
11.6 LATIN AMERICA
11.6.1 PESTLE ANALYSIS: LATIN AMERICA
TABLE 200 LATIN AMERICA: SMART CITIES MARKET, BY FOCUS AREA, 2016–2021 (USD MILLION)
TABLE 201 LATIN AMERICA: MARKET, BY FOCUS AREA, 2022–2027 (USD MILLION)
TABLE 202 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 203 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 204 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 205 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 206 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 207 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 208 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 209 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 210 LATIN AMERICA: SMART BUILDINGS MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 211 LATIN AMERICA: SMART BUILDINGS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 212 LATIN AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 213 LATIN AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 214 LATIN AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 215 LATIN AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 216 LATIN AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 217 LATIN AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 218 LATIN AMERICA: SMART UTILITIES MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
TABLE 219 LATIN AMERICA: SMART UTILITIES MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 220 LATIN AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
TABLE 221 LATIN AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
TABLE 222 LATIN AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2016–2021 (USD MILLION)
TABLE 223 LATIN AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 224 LATIN AMERICA: SMART UTILITIES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 225 LATIN AMERICA: SMART UTILITIES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 226 LATIN AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2016–2021 (USD MILLION)
TABLE 227 LATIN AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 228 LATIN AMERICA: SMART CITIES MARKET, BY COUNTRY, 2016–2021 (USD MILLION)
TABLE 229 LATIN AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.6.2 BRAZIL
11.6.2.1 High foreign direct investment and presence of large enterprises to boost market growth
11.6.3 MEXICO
11.6.3.1 Surge in number of smart city projects to boost market growth
11.6.4 REST OF LATIN AMERICA
12 COMPETITIVE LANDSCAPE (Page No. - 210)
12.1 OVERVIEW
12.2 MARKET EVALUATION FRAMEWORK
FIGURE 40 MARKET EVALUATION FRAMEWORK, 2019–2021
12.3 KEY MARKET DEVELOPMENTS
12.3.1 PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 230 PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2019–2021
12.3.2 DEALS
TABLE 231 DEALS, 2019–2021
12.3.3 OTHERS
TABLE 232 OTHERS, 2019–2021
12.4 MARKET SHARE ANALYSIS OF TOP PLAYERS
TABLE 233 SMART CITIES MARKET: DEGREE OF COMPETITION
FIGURE 41 MARKET SHARE ANALYSIS OF COMPANIES
12.5 HISTORICAL REVENUE ANALYSIS
FIGURE 42 HISTORICAL REVENUE ANALYSIS, 2017-2021
12.6 COMPANY EVALUATION MATRIX
12.7 COMPANY EVALUATION QUADRANT METHODOLOGY AND DEFINITIONS
TABLE 234 PRODUCT FOOTPRINT WEIGHTAGE
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
FIGURE 43 SMART CITIES MARKET: COMPANY EVALUATION MATRIX (2022)
12.8 COMPANY PRODUCT FOOTPRINT ANALYSIS
TABLE 235 COMPANY PRODUCT FOOTPRINT
TABLE 236 APPLICATION FOOTPRINT
TABLE 237 INDUSTRY FOOTPRINT
TABLE 238 REGIONAL FOOTPRINT
12.9 COMPANY MARKET RANKING ANALYSIS
FIGURE 44 RANKING OF KEY PLAYERS IN SMART CITIES MARKET (2022)
12.10 STARUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS
FIGURE 45 STARTUPS/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
12.10.1 PROGRESSIVE COMPANIES
12.10.2 RESPONSIVE COMPANIES
12.10.3 DYNAMIC COMPANIES
12.10.4 STARTING BLOCKS
FIGURE 46 MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2022
12.11 COMPETITIVE BENCHMARKING FOR SME/STARTUPS
TABLE 239 MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 240 SMART CITIES MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
13 COMPANY PROFILES (Page No. - 228)
13.1 MAJOR PLAYERS
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices made, and Weaknesses and competitive threats)*
13.1.1 SIEMENS
TABLE 241 SIEMENS: BUSINESS OVERVIEW
FIGURE 47 SIEMENS: COMPANY SNAPSHOT
TABLE 242 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 243 SIEMENS: PRODUCT LAUNCHES
TABLE 244 SIEMENS: DEALS
13.1.2 CISCO
TABLE 245 CISCO: BUSINESS OVERVIEW
FIGURE 48 CISCO: COMPANY SNAPSHOT
TABLE 246 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 247 CISCO: PRODUCT LAUNCHES
TABLE 248 CISCO: DEALS
13.1.3 HITACHI
TABLE 249 HITACHI: BUSINESS OVERVIEW
FIGURE 49 HITACHI: COMPANY SNAPSHOT
TABLE 250 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 251 HITACHI: PRODUCT LAUNCHES
TABLE 252 HITACHI: DEALS
TABLE 253 HITACHI: OTHERS
13.1.4 IBM
TABLE 254 IBM: BUSINESS OVERVIEW
FIGURE 50 IBM: COMPANY SNAPSHOT
TABLE 255 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 256 IBM: PRODUCT LAUNCHES
TABLE 257 IBM: DEALS
13.1.5 MICROSOFT
TABLE 258 MICROSOFT: BUSINESS OVERVIEW
FIGURE 51 MICROSOFT: COMPANY SNAPSHOT
TABLE 259 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 260 MICROSOFT: DEALS
TABLE 261 MICROSOFT: OTHERS
13.1.6 SCHNEIDER ELECTRIC
TABLE 262 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 263 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 264 SCHNEIDER ELECTRIC: NEW SOLUTION/SERVICE LAUNCHES
TABLE 265 SCHNEIDER ELECTRIC: DEALS
13.1.7 HUAWEI
TABLE 266 HUAWEI: BUSINESS OVERVIEW
FIGURE 53 HUAWEI: COMPANY SNAPSHOT
TABLE 267 HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 268 HUAWEI: PRODUCT LAUNCHES
TABLE 269 HUAWEI: DEALS
13.1.8 INTEL
TABLE 270 INTEL: BUSINESS OVERVIEW
FIGURE 54 INTEL: COMPANY SNAPSHOT
TABLE 271 INTEL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 272 INTEL: PRODUCT LAUNCHES
TABLE 273 INTEL: DEALS
13.1.9 NEC
TABLE 274 NEC: BUSINESS OVERVIEW
FIGURE 55 NEC: COMPANY SNAPSHOT
TABLE 275 NEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 276 NEC: PRODUCT LAUNCHES
TABLE 277 NEC: DEALS
TABLE 278 NEC: OTHERS
13.1.10 ABB
TABLE 279 ABB: BUSINESS OVERVIEW
FIGURE 56 ABB: COMPANY SNAPSHOT
TABLE 280 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 281 ABB: PRODUCT LAUNCHES
TABLE 282 ABB: DEALS
TABLE 283 ABB: OTHERS
13.1.11 ERICSSON
TABLE 284 ERICSSON: BUSINESS OVERVIEW
FIGURE 57 ERICSSON: COMPANY SNAPSHOT
TABLE 285 ERICSSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 286 ERICSSON: DEALS
13.2 OTHER PLAYERS
13.2.1 ORACLE
13.2.2 FUJITSU
13.2.3 HONEYWELL
13.2.4 ACCENTURE
13.2.5 VODAFONE
13.2.6 AWS
13.2.7 THALES
13.2.8 SIGNIFY
13.2.9 KAPSCH
13.2.10 MOTOROLA
13.2.11 GE
13.2.12 GOOGLE
13.2.13 TCS
13.2.14 AT&T
13.2.15 NOKIA
13.2.16 SAMSUNG
13.2.17 SAP
13.2.18 TOMTOM
13.3 STARTUP/SMES
13.3.1 APPYWAY
13.3.2 KETOS
13.3.3 GAIA
13.3.4 TAKADU
13.3.5 FLAMENCOTECH
13.3.6 XENIUS
13.3.7 BRIGHT CITIES
13.3.8 MYADTECH
13.3.9 ZENCITY
13.3.10 IXDEN
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT/RELATED MARKETS (Page No. - 297)
14.1 INTRODUCTION
14.1.1 LIMITATIONS
14.2 IOT IN SMART CITIES MARKET – GLOBAL FORECAST TO 2026
14.2.1 MARKET DEFINITION
14.2.2 MARKET OVERVIEW
14.2.2.1 IoT in market, by offering
TABLE 287 IOT IN MARKET, BY OFFERING, 2016–2020 (USD BILLION)
TABLE 288 IOT IN SMART CITES MARKET, BY OFFERING, 2021–2026 (USD BILLION)
14.2.2.2 IoT in market, by solution
TABLE 289 IOT IN MARKET, BY SOLUTION, 2016–2020 (USD BILLION)
TABLE 290 IOT IN MARKET, BY SOLUTION, 2021–2026 (USD BILLION)
14.2.2.3 IoT in market, by service
TABLE 291 SERVICES: IOT IN MARKET, BY TYPE, 2016–2020 (USD BILLION)
TABLE 292 SERVICES: IOT IN MARKET, BY TYPE, 2021–2026 (USD BILLION)
TABLE 293 PROFESSIONAL SERVICES: IOT IN MARKET, BY TYPE, 2016–2020 (USD BILLION)
TABLE 294 PROFESSIONAL SERVICES: IOT IN MARKET, BY TYPE, 2021–2026 (USD BILLION)
14.2.2.4 IoT in smart cities market, by application
TABLE 295 IOT IN MARKET, BY APPLICATION, 2016–2020 (USD BILLION)
TABLE 296 IOT IN MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
14.2.2.5 IoT in market, by region
TABLE 297 IOT IN MARKET, BY REGION, 2016–2020 (USD BILLION)
TABLE 298 IOT IN MARKET, BY REGION, 2021–2026 (USD BILLION)
14.3 SMART BUILDINGS MARKET — GLOBAL FORECAST TO 2026
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
14.3.2.1 Smart buildings market, by component
TABLE 299 SMART BUILDINGS MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
TABLE 300 SMART BUILDINGS MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
14.3.2.2 Smart buildings market, by solution
TABLE 301 SMART BUILDING SOLUTIONS MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 302 SMART BUILDING SOLUTIONS MARKET, BY TYPE, 2021–2026 (USD MILLION)
14.3.2.3 Smart buildings market, by service
TABLE 303 SMART BUILDING SERVICES MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 304 SMART BUILDING SERVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)
14.3.2.4 Smart buildings market, by building type
TABLE 305 SMART BUILDINGS MARKET, BY BUILDING TYPE, 2017–2020 (USD MILLION)
TABLE 306 SMART BUILDINGS MARKET, BY BUILDING TYPE, 2021–2026 (USD MILLION)
14.3.2.5 Smart buildings market, by region
TABLE 307 SMART BUILDINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 308 SMART BUILDINGS MARKET, BY REGION, 2021–2026 (USD MILLION)
14.4 SMART CITY PLATFORMS MARKET – GLOBAL FORECAST TO 2026
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
14.4.2.1 Smart city platforms market, by offering
TABLE 309 SMART CITY PLATFORMS MARKET, BY OFFERING, 2016–2020 (USD BILLION)
TABLE 310 SMART CITY PLATFORMS MARKET, BY OFFERING, 2021–2026 (USD BILLION)
14.4.2.2 Smart city platforms market, by delivery model
TABLE 311 SMART CITY PLATFORMS MARKET, BY DELIVERY MODEL, 2016–2020 (USD BILLION)
TABLE 312 SMART CITY PLATFORMS MARKET, BY DELIVERY MODEL, 2021–2026 (USD BILLION)
14.4.2.3 Smart city platforms market, by region
TABLE 313 SMART CITY PLATFORMS MARKET, BY REGION, 2016–2020 (USD BILLION)
TABLE 314 SMART CITY PLATFORMS MARKET, BY REGION, 2021–2026 (USD BILLION)
15 APPENDIX (Page No. - 309)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
This research study involved the use of extensive secondary sources, directories, and databases, to identify and collect information useful for this technical, market-oriented, and commercial study of the smart cities market. The primary sources were mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, Service Providers (SPs), technology developers, alliances, and organizations related to the segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents that included key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as assess prospects. The following illustrative figure shows the market research methodology applied in making this report on the smart cities market.
Secondary Research
The market size of the companies offering smart cities hardware, solutions, and services globally was arrived at based on the secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of the major companies and rating companies based on their performance and quality.
In the secondary research process, various secondary sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. Smart city spending of various countries was extracted from the respective sources. The secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, Chief Experience Officers (CXOs), Vice Presidents (VPs), directors from business development, marketing, and product development/innovation teams, and related key executives from smart cities solution vendors, system integrators, professional service providers, industry associations, and key opinion leaders.
Primary interviews were conducted to gather insights, such as market statistics, data on revenue collected from the hardware, solutions, and services, market breakups, market size estimations, market forecasting, and data triangulation. Primary research also helped understand various trends related to technology, application, deployment, and region. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and installation teams of the governments/end users that use smart cities solutions were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current use of smart cities solutions, which is projected to impact the overall smart cities market growth.
To know about the assumptions considered for the study, download the pdf brochure
Smart Cities Market Size Estimation
Multiple approaches were adopted for the estimation of the smart cities market. The first approach involved estimating the market size by the summation of company revenues generated through the different focus areas, smart transportation, smart buildings, smart utilities, and smart citizen services. The top-down and bottom-up approaches were used to estimate and validate the size of the smart cities market and various other dependent subsegments. The research methodology used to estimate the market size included the following details: the key players are not limited to Cisco (US), IBM (US), Siemens (Germany), Microsoft (US), Hitachi (Japan), Schneider Electric (France), Huawei (China), Intel (US), NEC (Japan), ABB (Switzerland), Ericsson (Sweden), and Oracle (US); other players in the market were identified through extensive secondary research, and their revenue contribution in the respective regions was determined through primary and secondary research. The entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources.
All the possible parameters that affect the market covered in the research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data was consolidated and added with detailed inputs and analysis from MarketsandMarkets.
Top-down and Bottom-up Approaches
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To determine and forecast the smart cities market based on focus areas; smart transportation, smart buildings, smart utilities, smart citizen services, and region from 2022 to 2027, and analyze various macro and microeconomic factors that affect the market growth.
- To forecast the size of the market’s segments with respect to five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total market.
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart cities market.
- To profile key market players (top vendors and startups); provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
- To track and analyze competitive developments, such as mergers and acquisitions, new product launches and developments, partnerships, agreements, collaborations, business expansions, and Research & Development (R&D) activities, in the market.
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per a company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Smart Cities Market
Understand the India Smart Cities market
Interested in Smart Transportation segment
Interested in custom scope - data integration for smart cities
I would like to know better overview of market and key players.
interested in data for Nordic contries
Interested to know the market size around data platforms used for building management strategy and decision making
Undestand the end-user market landscape
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Seek permission to cite smart cities report
Interested in Smart Cities Market in APAC
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understand the US smart cities projects and their current status
Interested in Smart Transportation segment
understand the scope of the study, market size and forecast for the various segments covered in the study
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Seeking permission to cite this smart cities report
understand the end user vertical market
Interested in market trends around applications
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understand the scope of the market study
looking for a custom report on smart transportation for urban mobility
Understand the overall IOT market landscape
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understand the scope of the market study
Interested in knowing about alternative sources of energy to power buildings
Understand the construction end use industry and the impact of new technologies
Interestred in knowing aboue the market outlook and trends