Smart Cities Market

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 2028

Report Code: TC 3071 Feb, 2024, by marketsandmarkets.com

[338 Pages Report] The smart cities market size is projected to grow from USD 549.1 billion in 2023 to USD 1,114.4 billion by 2028 at a CAGR of 15.2% during the forecast period. Rising concerns over environmental sustainability propel the adoption of smart city technologies for efficient resource management and environmental monitoring, influencing market growth.

Smart Cities Market

To know about the assumptions considered for the study, Request for Free Sample Report

Smart Cities Market Opportunities

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

Smart Cities Market Dynamics

Driver: Enhancing Public Safety in Smart Cities Through Technological Innovation

In smart urban environments, technologies such as video surveillance, DNA phenotyping, real-time license plate tracking, and facial recognition are extensively deployed for public safety, highlighting the importance of surveillance in safeguarding citizens. Smart city solutions aggregate data from diverse urban sources to facilitate traffic safety, data-driven policing, and optimized emergency response protocols. This proactive approach not only enhances crime-fighting capabilities but also ensures safer conditions for first responders. Utilizing smart systems can streamline call center and field operations, while preemptive traffic signal management prioritizes clear pathways for emergency vehicles. According to McKinsey, technologically empowered smart cities could potentially reduce crime rates by 30-40% through expedited first responder arrival times. Advanced applications like gunshot detection, intelligent surveillance, and home security systems further augment law enforcement responses. For example, New York City has trialed gunshot detection technology in police precincts, while San Diego utilizes streetlight-integrated cameras to monitor pedestrian traffic and manage congestion during peak hours.

Restraint: High cost of implementation

Smart city solutions integrated with analytics help save energy and cut operational and maintenance costs. However, economies with tight budgets cannot implement smart city solutions due to the cost of deploying these systems. Integrating major functions like big data analytics involves the significant design, coding, testing, and documentation tasks. Determining the correct software and hardware configuration to meet computing, storage, networking, and software integration requirements consumes time. It needs a highly expert team of software and hardware engineers with knowledge across numerous technology domains.

End users must know that costs primarily depend on integration complexities related to specific applications. They demand cost-effective systems for energy savings but need to realize the extent of the energy savings and associated long-term cost savings. The cost incurred in transforming the existing infrastructure prevents governments from continuing large-scale investments. Though smarter infrastructure helps reduce operating costs and increase energy efficiency, initial costs are a significant barrier. Smart city projects in Amsterdam, Chengdu, and Masdar City have stood out as exceptions, as they have substantial government backing for new technology deployment and project funding.

Opportunity: Rise of 5G

The integration of 5G technology has substantially impacted the realm of cloud computing. The high-speed, low-latency connectivity facilitated by 5G has revolutionized communication and expedited data transfers. For example, a 5G-connected streetlight equipped with a video camera or gunshot detection sensor can relay information swiftly to public safety officials, enhancing response times. Furthermore, 5G enables rapid video analytics and AI access, contributing to heightened city safety. Drones in various 5G use cases are crucial in ensuring public safety, particularly for first responders utilizing low latency 5G video cameras scattered across the city. In the healthcare sector, a 5G-connected ambulance constantly communicates with traffic signals, opting for congestion-free routes while maintaining real-time communication with hospital staff. The advent of 5G also empowers cities to leverage AI for analyzing extensive data from sensors and cameras, aiding decision-making for city managers, building owners, and facility managers. Significant cost savings are anticipated as countries actively upgrade their networks to implement smart city initiatives through 5G. According to Accenture, applying smart city solutions to manage vehicle traffic and electrical grids could result in USD 160 billion in benefits, including reductions in energy usage, traffic congestion, and fuel costs. This implies reduced commute times and signifies improvements in public safety and smart grid efficiency. While the full transformative potential of 5G still needs to be realized, it presents substantial growth opportunities for the smart cities market.

Challenge: Crafting Future-Ready Smart Cities for Sustainable Urban Living

In the pursuit of developing smart cities in the digital era, numerous challenges emerge that necessitate careful consideration and strategic solutions. Beyond the existing legal, regulatory, and socio-economic factors inherent in regional markets, key stakeholders face hurdles in cybersecurity, data stewardship, and ownership. The need for interoperability and cross-border portability further complicates the landscape, requiring collaborative efforts to create seamless smart city ecosystems. Additionally, proving ESG (Environmental, Social, and Governance) consciousness with reliable metrics becomes imperative for sustainable urban development. In this highly volatile, risk-prone, hyper-connected, and hyper-virtualized economic landscape, business leaders must adapt by crafting innovative business models capable of addressing the unique demands of the digital era. Traditional approaches no longer suffice, demanding a paradigm shift to ensure the design and construction of future-ready, sustainable urban living for the well-being of subsequent generations.

Ecosystem Of Smart Cities Market

Top Companies in Smart Cities Market

By smart citizen service, smart healthcare service registered the highest CAGR in the smart cities market during the forecast period.

Increasing digitalization and connectivity within the modern healthcare landscape and ongoing innovations are expected to drive the market. The healthcare industry is witnessing a significant surge in adopting Internet of Things (IoT) technologies, revolutionizing patient care delivery. Smart healthcare solutions are instrumental in addressing various challenges encountered in caregiving and narrowing the gap between patients and care providers. The evolution of these smart healthcare solutions is reshaping the healthcare delivery model, enhancing efficiency, improving patient outcomes, and optimizing resource utilization. As healthcare organizations increasingly adopt these technologies, they are poised to unlock new opportunities for delivering personalized and accessible care to patients, thereby driving the growth of the smart healthcare market.

By smart utilities solution, advanced metering infrastructure will account for the largest market size during the forecast.

Enterprises rely on sophisticated meter data management (MDM) solutions to streamline the handling of smart metering data and other utilities-related information. These solutions, integrated into enterprise applications, serve as centralized hubs for collecting, processing, and storing vast volumes of meter data. By centralizing data management, MDM simplifies IT integration efforts and consolidates data from diverse collection systems into a unified repository. Once the data undergoes processing, it becomes accessible across utility organizations, offering many applications. These applications span billing processes, revenue assurance, leak detection and management, analysis of losses, capacity planning, and fostering consumer engagement. Advanced metering solutions enable utilities to harness the data generated by metering systems, transforming it into actionable insights to enhance operational efficiency and customer satisfaction.

Based on region, North America is expected to hold the largest market size during the forecast.

North America is poised to dominate the smart cities market during the forecast period. The United States, in particular, demonstrates robust adoption of smart city technologies within the region. North America leads the global landscape in smart city utilization, with the US and Canada taking the lead. These nations boast resilient and well-established economies, providing a solid foundation for substantial investments in research and development endeavors, thus facilitating the advancement of novel technologies.

Furthermore, network operators across North America consistently invest in expanding and enhancing their telecommunications infrastructure, notably transitioning towards 5G networks. This strategic move enhances connectivity and unlocks the potential for technologies like cloud edge computing and network slicing. Consequently, integrating such cutting-edge technologies contributes to the widespread adoption of smart city solutions, enabling efficient urban management at a relatively lower cost.

North American Smart Cities Market Size, and Share

Market Players:

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), Itron (US), and IXDen (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their smart city footprint.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metrics

Details

Market size available for years

2017-2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD) Million/Billion

Segments Covered

Focus area, smart transportation, smart building, smart utility, smart citizen service, and region

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

The major players in the smart cities market are 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), Itron (US), and IXDen (Israel).

This research report categorizes the smart cities market to forecast revenues and analyze trends in each of the following submarkets:

By Focus Area Type:
  • Smart Transportation
  • Smart Building
  • Smart Utilities
  • Smart Citizen Services
By Smart Transportation
  • By Offering:
    • 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
  • By Type:
    • Roadway
    • Railway
    • Airway
By Smart Building
  • BY Offering:
    • 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
    • Services
      • Consulting
      • Deployment and integration
      • Infrastructure monitoring and management
  • By Type:
    • Residential
    • Commercial
    • Industrial
By Smart Utilities
  • By Offering:
    • Solutions
      • Advanced metering infrastructure
        • Meter Data Management
        • Meter Data Analytics
        • Smart Meter
        • Others
      • Distribution management system
      • Substation automation
      • Others
    • Services
      • Consulting
      • Deployment and integration
      • Infrastructure monitoring and management
  • By Type:
    • Energy/power
    • Water
    • Gas
    • Others
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
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
    • GCC Countries
      • UAE
      • KSA
      • Rest of GCC Countries
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In June 2022, Siemens Smart Infrastructure (SI) signed an agreement to acquire Brightly Software, a leading U.S.-based software-as-a-service (SaaS) asset and maintenance management solutions provider. The acquisition elevates SI to lead in the building and infrastructure software market.
  • In February 2022, IBM acquired Neudesic, a leading Microsoft Azure Consultancy. This acquisition aims to expand IBM's portfolio of hybrid multi-cloud services and further influence the company's hybrid cloud and AI strategy.
  • In December 2021, Schneider Electric launched EcoStruxure for eMobility in buildings. It is an end-to-end EV charging solution for efficient, resilient, sustainable electric mobility and net-zero buildings. It provides energy management capabilities to accommodate the increased power demand.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 45)
    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 USD EXCHANGE RATES, 2020–2022
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 51)
    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 SIZE ESTIMATION 
                               FIGURE 2 APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF MARKET
                               FIGURE 3 APPROACH 1 (BOTTOM-UP [SUPPLY SIDE]): COLLECTIVE REVENUE OF FOCUS AREAS OF MARKET
    2.3 RISK ASSESSMENT 
           TABLE 3 RISK ASSESSMENT
    2.4 DATA TRIANGULATION 
           FIGURE 4 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
           TABLE 4 RESEARCH ASSUMPTIONS
    2.6 LIMITATIONS 
    2.7 IMPLICATION OF RECESSION ON MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 62)
    FIGURE 5 SMART CITIES MARKET, 2021–2028 (USD BILLION) 
    FIGURE 6 MARKET: REGIONAL AND COUNTRY-WISE SHARES, 2023 
 
4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE OPPORTUNITIES FOR SMART CITIES MARKET PLAYERS 
           FIGURE 7 INCREASED USE OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING AND GROWING URBANIZATION TO DRIVE MARKET GROWTH
    4.2 MARKET, BY FOCUS AREA 
           FIGURE 8 SMART CITIZEN SERVICES TO LEAD MARKET IN 2023
    4.3 NORTH AMERICA: MARKET, BY FOCUS AREA & COUNTRY 
           FIGURE 9 US AND SMART CITIZEN SERVICES TO ACCOUNT FOR LARGEST SEGMENTAL SHARES IN NORTH AMERICAN MARKET IN 2023
    4.4 ASIA PACIFIC: MARKET, BY FOCUS AREA & COUNTRY/SUBREGION 
           FIGURE 10 SMART CITIZEN SERVICES AND CHINA TO ACCOUNT FOR LARGEST MARKET SHARES IN ASIA PACIFIC IN 2023
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 68)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SMART CITIES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growth in urbanization to drive adoption of smart city solutions
                    5.2.1.2 Artificial intelligence and machine learning to accelerate development of smart cities
                    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 Surveillance in interest of public safety
                    5.2.1.6 Need for healthy environment with efficient energy consumption
           5.2.2 RESTRAINTS
                    5.2.2.1 Privacy and security concerns
                    5.2.2.2 High costs 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 12 PERCENTAGE OF GLOBAL CONNECTIONS IN 2018 AND 2023
                    5.2.3.3 Use of drones to enforce compliance during pandemic
           5.2.4 CHALLENGES
                    5.2.4.1 Achieving future-readiness of smart cities for sustainable urban living
                    5.2.4.2 Absence of appropriate infrastructure in emerging economies
                               FIGURE 13 STATE OF MOBILE INTERNET CONNECTIVITY, BY REGION, 2022
                    5.2.4.3 Lack of knowledge among people about smart cities
                    5.2.4.4 Disruptions in logistics and supply chains
    5.3 SMART CITIES MARKET: BRIEF HISTORY 
           FIGURE 14 BRIEF HISTORY OF SMART CITIES SOLUTIONS
    5.4 ECOSYSTEM 
           FIGURE 15 KEY PLAYERS IN MARKET ECOSYSTEM
           TABLE 5 MARKET: ECOSYSTEM
    5.5 CASE STUDY ANALYSIS 
           5.5.1 SMART CITIES LLP TRANSFORMED CLOUD SERVICE DELIVERY WITH CISCO ACI AND TERRAFORM
           5.5.2 CORDOBA PROVINCE IMPROVED SAFETY OF ITS MUNICIPALITIES USING NEC’S CLOUD-BASED SHARED PLATFORM
           5.5.3 ABB HELPED FASTNED EXPAND ITS EV FAST CHARGE NETWORK ACROSS EUROPE
           5.5.4 HONEYWELL ENABLED EFFICIENT FLIGHT ROUTING FOR NEWARK LIBERTY INTERNATIONAL AIRPORT
           5.5.5 BANE NOR SELECTED THALES TO PROVIDE NEXT-GENERATION NATIONWIDE TRAFFIC MANAGEMENT SYSTEM
           5.5.6 CURTIN UNIVERSITY ADOPTED HITACHI INTERNET OF THINGS SOLUTION TO IMPLEMENT SMART CAMPUS
           5.5.7 HUAWEI HELPED QINGHAI-TIBET RAILWAY IMPROVE SURVEILLANCE EFFICIENCY
    5.6 VALUE CHAIN ANALYSIS 
           FIGURE 16 SMART CITIES MARKET: VALUE CHAIN ANALYSIS
    5.7 TARIFF AND REGULATORY LANDSCAPE 
           5.7.1 TARIFFS RELATED TO SMART CITY DEVICES
                    TABLE 6 TARIFFS RELATED TO ELECTRONIC INTEGRATED CIRCUITS AS PROCESSORS AND CONTROLLERS
           5.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.7.2.1 North America
                               5.7.2.1.1 US
                               5.7.2.1.2 Canada
                    5.7.2.2 Europe
                    5.7.2.3 Asia Pacific
                               5.7.2.3.1 South Korea
                               5.7.2.3.2 China
                               5.7.2.3.3 India
                    5.7.2.4 Middle East & Africa
                               5.7.2.4.1 UAE
                               5.7.2.4.2 KSA
                               5.7.2.4.3 Bahrain
                    5.7.2.5 Latin America
                               5.7.2.5.1 Brazil
                               5.7.2.5.2 Mexico
    5.8 PATENT ANALYSIS 
           5.8.1 METHODOLOGY
                    FIGURE 17 LIST OF MAJOR PATENTS FOR SMART CITIES
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 INTRODUCTION
                    5.9.1.1 AI and ML
                    5.9.1.2 IoT
                    5.9.1.3 Big data analytics
                    5.9.1.4 5G
           5.9.2 ADJACENT TECHNOLOGIES
                    5.9.2.1 Robotics
                    5.9.2.2 Augmented intelligence
                    5.9.2.3 Edge computing
                    5.9.2.4 Renewable energy solutions
           5.9.3 COMPLEMENTARY TECHNOLOGY
                    5.9.3.1 Augmented Reality (AR) and Virtual Reality (VR)
                    5.9.3.2 Smart grids
                    5.9.3.3 Cybersecurity solutions
    5.10 PRICING ANALYSIS 
           5.10.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY FOCUS AREA
                    FIGURE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY FOCUS AREA
                    TABLE 11 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY FOCUS AREA
                    TABLE 12 PRICING ANALYSIS FOR SMART CITIES
    5.11 PORTER’S FIVE FORCES ANALYSIS 
                    FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 13 SMART CITIES MARKET: PORTER’S FIVE FORCES MODEL
           5.11.1 THREAT OF NEW ENTRANTS
           5.11.2 THREAT OF SUBSTITUTES
           5.11.3 BARGAINING POWER OF BUYERS
           5.11.4 BARGAINING POWER OF SUPPLIERS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 TRENDS AND DISRUPTIONS IMPACTING BUYERS 
                    FIGURE 20 REVENUE SHIFT FOR MARKET
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS ON BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
           5.13.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE END USERS
                    TABLE 15 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.14 KEY CONFERENCES AND EVENTS 
                    TABLE 16 SMART CITIES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS IN 2023–2024
    5.15 TECHNOLOGY ROADMAP FOR MARKET 
           5.15.1 SHORT-TERM ROADMAP (2023–2025)
           5.15.2 MID-TERM ROADMAP (2026–2028)
           5.15.3 LONG-TERM ROADMAP (2029–2030)
    5.16 BEST PRACTICES TO IMPLEMENT MARKET 
    5.17 CURRENT AND EMERGING BUSINESS MODELS 
    5.18 TOOLS, FRAMEWORKS, AND TECHNIQUES USED IN SMART CITIES 
    5.19 HS CODE ANALYSIS 
           5.19.1 EXPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS AND PARTS THEREOF
                    FIGURE 23 ELECTRONIC INTEGRATED CIRCUITS AND PARTS THEREOF EXPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION)
           5.19.2 IMPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS AND PARTS THEREOF
                    FIGURE 24 ELECTRONIC INTEGRATED CIRCUITS AND PARTS THEREOF IMPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION)
    5.2 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 25 MARKET: INVESTMENT AND FUNDING SCENARIO, 2015–2021
 
6 SMART CITIES MARKET, BY FOCUS AREA (Page No. - 107)
    6.1 INTRODUCTION 
           FIGURE 26 SMART CITIZEN SERVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 17 MARKET, BY FOCUS AREA, 2017–2022 (USD BILLION)
           TABLE 18 MARKET, BY FOCUS AREA, 2023–2028 (USD BILLION)
 
7 SMART CITIES MARKET, BY SMART TRANSPORTATION (Page No. - 110)
    7.1 INTRODUCTION 
           TABLE 19 SMART TRANSPORTATION MARKET, BY REGION, 2017–2022 (USD BILLION)
           TABLE 20 SMART TRANSPORTATION MARKET, BY REGION, 2023–2028 (USD BILLION)
           7.1.1 SMART TRANSPORTATION: MARKET DRIVERS
    7.2 OFFERING 
           7.2.1 INCREASE IN PRESENCE OF INNOVATIVE TECHNOLOGIES SUCH AS GPS DEVICES, AI/ML, IOT, AND TELEMATICS IN TRANSPORTATION
                    TABLE 21 SMART TRANSPORTATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                    TABLE 22 SMART TRANSPORTATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
           7.2.2 SOLUTIONS
                    FIGURE 27 PASSENGER INFORMATION MANAGEMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 23 SMART TRANSPORTATION MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                    TABLE 24 SMART TRANSPORTATION MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                    7.2.2.1 Smart ticketing
                    7.2.2.2 Traffic management
                               FIGURE 28 PARKING MANAGEMENT TO WITNESS HIGHER CAGR IN TRAFFIC MANAGEMENT DURING FORECAST PERIOD
                               TABLE 25 SMART TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                               TABLE 26 SMART TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (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 29 INFRASTRUCTURE MONITORING & MANAGEMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 27 SMART TRANSPORTATION MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                    TABLE 28 SMART TRANSPORTATION MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                    7.2.3.1 Consulting
                    7.2.3.2 Deployment & integration
                    7.2.3.3 Infrastructure monitoring & management
    7.3 TYPE 
           7.3.1 NEED FOR MANAGEMENT DUE TO RAPID INCREASE IN URBAN DEMOGRAPHICS AND GROWING ENVIRONMENTAL CONCERNS
                    FIGURE 30 SMART RAILWAYS SOLUTIONS AND SERVICES TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 29 SMART TRANSPORTATION MARKET, BY TYPE, 2017–2022 (USD BILLION)
                    TABLE 30 SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
           7.3.2 ROADWAYS
           7.3.3 RAILWAYS
           7.3.4 AIRWAYS
 
8 SMART CITIES MARKET, BY SMART BUILDING (Page No. - 125)
    8.1 INTRODUCTION 
           8.1.1 SMART BUILDING: MARKET DRIVERS
                    TABLE 31 SMART BUILDINGS MARKET, BY REGION, 2017–2022 (USD BILLION)
                    TABLE 32 SMART BUILDINGS MARKET, BY REGION, 2023–2028 (USD BILLION)
    8.2 OFFERING 
           8.2.1 RISE IN DEMAND FOR OVERCOMING OPERATIONAL AND MANAGEMENT CHALLENGES IN BUILDING INFRASTRUCTURE
                    TABLE 33 SMART BUILDINGS MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                    TABLE 34 SMART BUILDINGS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
           8.2.2 SOLUTIONS
                    FIGURE 31 ENERGY MANAGEMENT SOLUTIONS IN SMART BUILDINGS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 35 SMART BUILDINGS MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                    TABLE 36 SMART BUILDINGS MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                    8.2.2.1 Building infrastructure management
                               TABLE 37 BUILDING INFRASTRUCTURE MANAGEMENT MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                               TABLE 38 BUILDING INFRASTRUCTURE MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (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 & emergency management
                               TABLE 39 SECURITY & EMERGENCY MANAGEMENT MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                               TABLE 40 SECURITY & EMERGENCY MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (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 41 ENERGY MANAGEMENT MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                               TABLE 42 ENERGY MANAGEMENT MARKET, BY SOLUTION, 2023–2028 (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 32 DEPLOYMENT & INTEGRATION SERVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 43 SMART BUILDINGS MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                    TABLE 44 SMART BUILDINGS MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                    8.2.3.1 Consulting
                    8.2.3.2 Deployment & integration
                    8.2.3.3 Infrastructure monitoring & management
    8.3 TYPE 
           8.3.1 INCREASE IN NEED FOR ENERGY-EFFICIENT LIGHTING AND HVAC CONTROL SYSTEMS
                    FIGURE 33 SMART INDUSTRIAL BUILDINGS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 45 SMART BUILDINGS MARKET, BY TYPE, 2017–2022 (USD BILLION)
                    TABLE 46 SMART BUILDINGS MARKET, BY TYPE, 2023–2028 (USD BILLION)
           8.3.2 RESIDENTIAL
           8.3.3 COMMERCIAL
           8.3.4 INDUSTRIAL
 
9 SMART CITIES MARKET, BY SMART UTILITY (Page No. - 139)
    9.1 INTRODUCTION 
           TABLE 47 SMART UTILITIES MARKET, BY REGION, 2017–2022 (USD BILLION)
           TABLE 48 SMART UTILITIES MARKET, BY REGION, 2023–2028 (USD BILLION)
           9.1.1 SMART UTILITY: MARKET DRIVERS
    9.2 OFFERING 
           9.2.1 DIGITAL TRANSFORMATION IN UTILITIES SECTOR
                    TABLE 49 SMART UTILITIES MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                    TABLE 50 SMART UTILITIES MARKET, BY OFFERING, 2023–2028 (USD BILLION)
           9.2.2 SOLUTIONS
                    FIGURE 34 METER DATA ANALYTICS TO WITNESS HIGHEST GROWTH IN ADOPTION AMONG SMART UTILITIES DURING FORECAST PERIOD
                    TABLE 51 SMART UTILITIES MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                    TABLE 52 SMART UTILITIES MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                    9.2.2.1 Advanced metering infrastructure
                               TABLE 53 ADVANCED METERING INFRASTRUCTURE MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                               TABLE 54 ADVANCED METERING INFRASTRUCTURE MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                    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 35 DEPLOYMENT & INTEGRATION SERVICES TO REGISTER HIGHEST CAGR FOR SMART UTILITIES DURING FORECAST PERIOD
                    TABLE 55 SMART UTILITIES MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                    TABLE 56 SMART UTILITIES MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                    9.2.3.1 Consulting
                    9.2.3.2 Deployment & integration
                    9.2.3.3 Infrastructure monitoring & management
    9.3 TYPE 
           9.3.1 INCREASE IN ADOPTION OF CLOUD-BASED SOLUTIONS
                    FIGURE 36 SMART MANAGEMENT OF WATER UTILITIES TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 57 SMART UTILITIES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                    TABLE 58 SMART UTILITIES MARKET, BY TYPE, 2023–2028 (USD BILLION)
           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. - 152)
     10.1 INTRODUCTION 
               FIGURE 37 SMART HEALTHCARE TO BE FASTEST-GROWING SMART CITIZEN SERVICE SEGMENT
               TABLE 59 SMART CITIZEN SERVICES MARKET, BY TYPE, 2017–2022 (USD BILLION)
               TABLE 60 SMART CITIZEN SERVICES MARKET, BY TYPE, 2023–2028 (USD BILLION)
               TABLE 61 SMART CITIZEN SERVICES MARKET, BY REGION, 2017–2022 (USD BILLION)
               TABLE 62 SMART CITIZEN SERVICES MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.1.1 SMART CITIZEN SERVICE: MARKET DRIVERS
     10.2 SMART HEALTHCARE 
             10.2.1 GROWTH IN DIGITALIZATION, INCREASING CONNECTIVITY, AND INNOVATION
                       TABLE 63 SMART HEALTHCARE MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 64 SMART HEALTHCARE MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 65 SMART HEALTHCARE MARKET, BY REGION, 2017–2022 (USD BILLION)
                       TABLE 66 SMART HEALTHCARE MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.2.2 MEDICAL DEVICES
             10.2.3 SYSTEMS & SOFTWARE
             10.2.4 SERVICES
     10.3 SMART EDUCATION 
             10.3.1 RISE IN ADOPTION OF MOBILE DEVICES AND INTERNET OF THINGS TO ENHANCE LEARNING EXPERIENCE
                       TABLE 67 SMART EDUCATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 68 SMART EDUCATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 69 SMART EDUCATION MARKET, BY REGION, 2017–2022 (USD BILLION)
                       TABLE 70 SMART EDUCATION MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.3.2 SOLUTIONS
             10.3.3 SERVICES
     10.4 SMART PUBLIC SAFETY 
             10.4.1 INCREASE IN SECURITY BREACHES TO DRIVE DEMAND FOR SECURITY AND THREAT MANAGEMENT FRAMEWORK
                       TABLE 71 SMART PUBLIC SAFETY MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 72 SMART PUBLIC SAFETY MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 73 SMART PUBLIC SAFETY MARKET, BY REGION, 2017–2022 (USD BILLION)
                       TABLE 74 SMART PUBLIC SAFETY MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.4.2 SOLUTIONS
             10.4.3 SERVICES
     10.5 SMART STREET LIGHTING 
             10.5.1 HIGHER ADOPTION OF SMART PARKING, TRAFFIC VIDEO SURVEILLANCE, AND AIR QUALITY MONITORING
                       TABLE 75 SMART STREET LIGHTING MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 76 SMART STREET LIGHTING MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 77 SMART STREET LIGHTING MARKET, BY REGION, 2017–2022 (USD BILLION)
                       TABLE 78 SMART STREET LIGHTING MARKET, BY REGION, 2023–2028 (USD BILLION)
     10.6 EGOVERNANCE 
             10.6.1 ENHANCING TRANSPARENCY AND DECREASING BURDEN OF KEEPING PAPER RECORDS
                       TABLE 79 SMART EGOVERNANCE MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 80 SMART EGOVERNANCE MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 81 SMART EGOVERNANCE MARKET, BY REGION, 2017–2022 (USD BILLION)
                       TABLE 82 SMART EGOVERNANCE MARKET, BY REGION, 2023–2028 (USD BILLION)
             10.6.2 SOLUTIONS
             10.6.3 SERVICES
 
11 SMART CITIES MARKET, BY REGION (Page No. - 163)
     11.1 INTRODUCTION 
               FIGURE 38 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 83 MARKET, BY REGION, 2017–2022 (USD BILLION)
               TABLE 84 MARKET, BY REGION, 2023–2028 (USD BILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: SMARKET DRIVERS
             11.2.2 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 85 NORTH AMERICA: MARKET, BY FOCUS AREA, 2017–2022 (USD BILLION)
                       TABLE 86 NORTH AMERICA: SMART CITIES MARKET, BY FOCUS AREA, 2023–2028 (USD BILLION)
                       TABLE 87 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 88 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 89 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 90 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 91 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 92 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 93 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 94 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 95 NORTH AMERICA: SMART BUILDINGS MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 96 NORTH AMERICA: SMART BUILDINGS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 97 NORTH AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 98 NORTH AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 99 NORTH AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 100 NORTH AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 101 NORTH AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 102 NORTH AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 103 NORTH AMERICA: SMART UTILITIES MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 104 NORTH AMERICA: SMART UTILITIES MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 105 NORTH AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 106 NORTH AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 107 NORTH AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 108 NORTH AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 109 NORTH AMERICA: SMART UTILITIES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 110 NORTH AMERICA: SMART UTILITIES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 111 NORTH AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 112 NORTH AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 113 NORTH AMERICA: SMART CITIES MARKET, BY COUNTRY, 2017–2022 (USD BILLION)
                       TABLE 114 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             11.2.3 US
                       11.2.3.1 Rise in adoption of advanced technologies, highly efficient network infrastructure, and large-scale internet penetration
             11.2.4 CANADA
                       11.2.4.1 Increased investments in industrial development and need to improve and optimize business processes
     11.3 EUROPE 
             11.3.1 EUROPE: MARKET DRIVERS
             11.3.2 EUROPE: RECESSION IMPACT
                       TABLE 115 EUROPE: MARKET, BY FOCUS AREA, 2017–2022 (USD BILLION)
                       TABLE 116 EUROPE: SMART CITIES MARKET, BY FOCUS AREA, 2023–2028 (USD BILLION)
                       TABLE 117 EUROPE: SMART TRANSPORTATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 118 EUROPE: SMART TRANSPORTATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 119 EUROPE: SMART TRANSPORTATION MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 120 EUROPE: SMART TRANSPORTATION MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 121 EUROPE: SMART TRANSPORTATION MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 122 EUROPE: SMART TRANSPORTATION MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 123 EUROPE: SMART TRANSPORTATION MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 124 EUROPE: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 125 EUROPE: SMART BUILDINGS MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 126 EUROPE: SMART BUILDINGS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 127 EUROPE: SMART BUILDINGS MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 128 EUROPE: SMART BUILDINGS MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 129 EUROPE: SMART BUILDINGS MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 130 EUROPE: SMART BUILDINGS MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 131 EUROPE: SMART BUILDINGS MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 132 EUROPE: SMART BUILDINGS MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 133 EUROPE: SMART UTILITIES MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 134 EUROPE: SMART UTILITIES MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 135 EUROPE: SMART UTILITIES MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 136 EUROPE: SMART UTILITIES MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 137 EUROPE: SMART UTILITIES MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 138 EUROPE: SMART UTILITIES MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 139 EUROPE: SMART UTILITIES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 140 EUROPE: SMART UTILITIES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 141 EUROPE: SMART CITIZEN SERVICES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 142 EUROPE: SMART CITIZEN SERVICES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 143 EUROPE: SMART CITIES MARKET, BY COUNTRY/REGION, 2017–2022 (USD BILLION)
                       TABLE 144 EUROPE: MARKET, BY COUNTRY/REGION, 2023–2028 (USD BILLION)
             11.3.3 UK
                       11.3.3.1 Acceptance of smart technologies, being early adopter
             11.3.4 GERMANY
                       11.3.4.1 Rise in investment in smart citizen service-related technologies and government’s focus on improving connectivity
             11.3.5 FRANCE
                       11.3.5.1 High use of smart devices focusing on infrastructure development
             11.3.6 SPAIN
                       11.3.6.1 Implementation of Smart Cities National Plan and government’s focus on digital transformation, IoT integration, and social cohesion improvement
             11.3.7 ITALY
                       11.3.7.1 IEEE Smart Cities initiative, economic solidity, digital transformation, and focus on 5G & fiber development
             11.3.8 NORDICS
                       11.3.8.1 Adoption of advanced technologies and launch of Nordic Urban Living Labs project
             11.3.9 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: MARKET DRIVERS
             11.4.2 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 145 ASIA PACIFIC: MARKET, BY FOCUS AREA, 2017–2022 (USD BILLION)
                       TABLE 146 ASIA PACIFIC: SMART CITIES MARKET, BY FOCUS AREA, 2023–2028 (USD BILLION)
                       TABLE 147 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 148 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 149 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 150 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 151 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 152 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 153 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 154 ASIA PACIFIC: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 155 ASIA PACIFIC: SMART BUILDINGS MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 156 ASIA PACIFIC: SMART BUILDINGS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 157 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 158 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 159 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 160 ASIA PACIFIC: SMART BUILDINGS MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 161 ASIA PACIFIC: SMART BUILDINGS MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 162 ASIA PACIFIC: SMART BUILDINGS MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 163 ASIA PACIFIC: SMART UTILITIES MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 164 ASIA PACIFIC: SMART UTILITIES MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 165 ASIA PACIFIC: SMART UTILITIES MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 166 ASIA PACIFIC: SMART UTILITIES MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 167 ASIA PACIFIC: SMART UTILITIES MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 168 ASIA PACIFIC: SMART UTILITIES MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 169 ASIA PACIFIC: SMART UTILITIES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 170 ASIA PACIFIC: SMART UTILITIES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 171 ASIA PACIFIC: SMART CITIZEN SERVICES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 172 ASIA PACIFIC: SMART CITIZEN SERVICES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 173 ASIA PACIFIC: SMART CITIES MARKET, BY COUNTRY/REGION, 2017–2022 (USD BILLION)
                       TABLE 174 ASIA PACIFIC: MARKET, BY COUNTRY/REGION, 2023–2028 (USD BILLION)
             11.4.3 CHINA
                       11.4.3.1 Need to expand, enhance, and automate information collection and analysis for mass surveillance
             11.4.4 JAPAN
                       11.4.4.1 Society 5.0 initiative to focus on social cohesion and social issues to optimize and operate social systems for smart cities
             11.4.5 SOUTH KOREA
                       11.4.5.1 Need to improve economic growth and commercialization of emerging Fourth Industrial Revolution technologies
             11.4.6 INDIA
                       11.4.6.1 Establishment of ICCC to monitor environment, traffic, water logging, and law-and-order situations to facilitate decision-making and daily operations
             11.4.7 AUSTRALIA & NEW ZEALAND
                       11.4.7.1 Government’s Smart Cities Plan to improve investment performance and enhance sustainability
             11.4.8 SOUTHEAST ASIA
                       11.4.8.1 Rapid urbanization and need for digital technologies to provide smart infrastructure and services
             11.4.9 REST OF ASIA PACIFIC
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
             11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                       TABLE 175 MIDDLE EAST & AFRICA: MARKET, BY FOCUS AREA, 2017–2022 (USD BILLION)
                       TABLE 176 MIDDLE EAST & AFRICA: SMART CITIES MARKET, BY FOCUS AREA, 2023–2028 (USD BILLION)
                       TABLE 177 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 178 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 179 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 180 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 181 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 182 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 183 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 184 MIDDLE EAST & AFRICA: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 185 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 186 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 187 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 188 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 189 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 190 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 191 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 192 MIDDLE EAST & AFRICA: SMART BUILDINGS MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 193 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 194 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 195 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 196 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 197 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 198 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 199 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 200 MIDDLE EAST & AFRICA: SMART UTILITIES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 201 MIDDLE EAST & AFRICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 202 MIDDLE EAST & AFRICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 203 MIDDLE EAST & AFRICA: SMART CITIES MARKET, BY REGION, 2017–2022 (USD BILLION)
                       TABLE 204 MIDDLE EAST: MARKET, BY REGION, 2023–2028 (USD BILLION)
                       TABLE 205 MIDDLE EAST: MARKET, BY GCC COUNTRY, 2017–2022 (USD BILLION)
                       TABLE 206 MIDDLE EAST: MARKET, BY GCC COUNTRY, 2023–2028 (USD BILLION)
             11.5.3 GCC COUNTRIES
                       11.5.3.1 UAE
                                   11.5.3.1.1 Need to ensure sustainable development and maintain balance between economic and social development
                       11.5.3.2 KSA
                                   11.5.3.2.1 Planning underway for AI-powered city with flying cabs and artificial moon
                       11.5.3.3 Rest of GCC countries
             11.5.4 SOUTH AFRICA
                       11.5.4.1 Advancement in transportation and WiFi projects
             11.5.5 EGYPT
                       11.5.5.1 Egypt Vision 2030 to introduce smart cities in Egypt to enhance people’s lives
             11.5.6 NIGERIA
                       11.5.6.1 Rise in urbanization and need to boost economic growth and modernize tech infrastructure
             11.5.7 REST OF MIDDLE EAST & AFRICA
     11.6 LATIN AMERICA 
             11.6.1 LATIN AMERICA: SMART CITIES MARKET DRIVERS
             11.6.2 LATIN AMERICA: RECESSION IMPACT
                       TABLE 207 LATIN AMERICA: MARKET, BY FOCUS AREA, 2017–2022 (USD BILLION)
                       TABLE 208 LATIN AMERICA: MARKET, BY FOCUS AREA, 2023–2028 (USD BILLION)
                       TABLE 209 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 210 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 211 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 212 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 213 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 214 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 215 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 216 LATIN AMERICA: SMART TRANSPORTATION MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 217 LATIN AMERICA: SMART BUILDINGS MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 218 LATIN AMERICA: SMART BUILDINGS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 219 LATIN AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 220 LATIN AMERICA: SMART BUILDINGS MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 221 LATIN AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 222 LATIN AMERICA: SMART BUILDINGS MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 223 LATIN AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 224 LATIN AMERICA: SMART BUILDINGS MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 225 LATIN AMERICA: SMART UTILITIES MARKET, BY OFFERING, 2017–2022 (USD BILLION)
                       TABLE 226 LATIN AMERICA: SMART UTILITIES MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       TABLE 227 LATIN AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2017–2022 (USD BILLION)
                       TABLE 228 LATIN AMERICA: SMART UTILITIES MARKET, BY SOLUTION, 2023–2028 (USD BILLION)
                       TABLE 229 LATIN AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2017–2022 (USD BILLION)
                       TABLE 230 LATIN AMERICA: SMART UTILITIES MARKET, BY SERVICE, 2023–2028 (USD BILLION)
                       TABLE 231 LATIN AMERICA: SMART UTILITIES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 232 LATIN AMERICA: SMART UTILITIES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 233 LATIN AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2017–2022 (USD BILLION)
                       TABLE 234 LATIN AMERICA: SMART CITIZEN SERVICES MARKET, BY TYPE, 2023–2028 (USD BILLION)
                       TABLE 235 LATIN AMERICA: SMART CITIES MARKET, BY COUNTRY, 2017–2022 (USD BILLION)
                       TABLE 236 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD BILLION)
             11.6.3 BRAZIL
                       11.6.3.1 High foreign direct investment and presence of large enterprises
             11.6.4 MEXICO
                       11.6.4.1 Establishment of Ciudad Creativa Digital and investments in public infrastructure
             11.6.5 REST OF LATIN AMERICA
 
12 COMPETITIVE LANDSCAPE (Page No. - 233)
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
               TABLE 237 OVERVIEW OF STRATEGIES ADOPTED BY KEY SMART CITIES PROVIDERS
     12.3 REVENUE ANALYSIS 
               FIGURE 41 HISTORICAL REVENUE ANALYSIS, 2020–2022
     12.4 MARKET SHARE ANALYSIS 
               FIGURE 42 SMART CITIES MARKET SHARE ANALYSIS, 2022
               TABLE 238 MARKET: DEGREE OF COMPETITION
     12.5 COMPANY EVALUATION MATRIX 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 43 MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022
             12.5.5 COMPANY FOOTPRINT FOR KEY PLAYERS
                       TABLE 239 OVERALL COMPANY FOOTPRINT FOR KEY PLAYERS
                       TABLE 240 APPLICATION FOOTPRINT FOR KEY PLAYERS
                       TABLE 241 INDUSTRY FOOTPRINT FOR KEY PLAYERS
                       TABLE 242 REGIONAL FOOTPRINT FOR KEY PLAYERS
     12.6 STARUP/SME EVALUATION MATRIX 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                       FIGURE 44 SMART CITIES MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022
             12.6.5 COMPETITIVE BENCHMARKING
                       TABLE 243 DETAILED LIST OF KEY STARTUP/SMES
                       TABLE 244 COMPETITIVE BENCHMARKING OF STARTUPS/SMES
     12.7 COMPETITIVE SCENARIO AND TRENDS 
             12.7.1 PRODUCT LAUNCHES
                       TABLE 245 MARKET: PRODUCT LAUNCHES, JANUARY 2020–SEPTEMBER 2022
             12.7.2 DEALS
                       TABLE 246 MARKET: DEALS, APRIL 2021–JANUARY 2023
             12.7.3 OTHERS
                       TABLE 247 MARKET: OTHER DEVELOPMENTS, JULY 2020–MARCH 2021
     12.8 SMART CITIES MARKET: PRODUCT BENCHMARKING 
             12.8.1 PROMINENT SMART CITY SOLUTIONS
                       TABLE 248 COMPARATIVE ANALYSIS OF PROMINENT SMART CITY SOLUTIONS
                       12.8.1.1 Cisco Kinetic Edge Platform
                       12.8.1.2 Hitachi Lumada Urban Data Platform
                       12.8.1.3 Siemens Desigo CC Cloud Platform
                       12.8.1.4 Hitachi Lumada Public Safety & Security
     12.9 VALUATION AND FINANCIAL METRICS OF KEY SMART CITY PROVIDERS 
               FIGURE 45 VALUATION AND FINANCIAL METRICS OF KEY SMART CITY VENDORS, 2023
 
13 COMPANY PROFILES (Page No. - 253)
     13.1 MAJOR PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             13.1.1 SIEMENS
                       TABLE 249 SIEMENS: BUSINESS OVERVIEW
                       FIGURE 46 SIEMENS: COMPANY SNAPSHOT
                       TABLE 250 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 251 SIEMENS: PRODUCT LAUNCHES
                       TABLE 252 SIEMENS: DEALS
             13.1.2 CISCO
                       TABLE 253 CISCO: BUSINESS OVERVIEW
                       FIGURE 47 CISCO: COMPANY SNAPSHOT
                       TABLE 254 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 255 CISCO: PRODUCT LAUNCHES
                       TABLE 256 CISCO: DEALS
             13.1.3 HITACHI
                       TABLE 257 HITACHI: BUSINESS OVERVIEW
                       FIGURE 48 HITACHI: COMPANY SNAPSHOT
                       TABLE 258 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 259 HITACHI: DEALS
                       TABLE 260 HITACHI: OTHER DEALS/DEVELOPMENTS
             13.1.4 IBM
                       TABLE 261 IBM: BUSINESS OVERVIEW
                       FIGURE 49 IBM: COMPANY SNAPSHOT
                       TABLE 262 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 263 IBM: PRODUCT LAUNCHES
                       TABLE 264 IBM: DEALS
             13.1.5 MICROSOFT
                       TABLE 265 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 50 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 266 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 267 MICROSOFT: DEALS
                       TABLE 268 MICROSOFT: OTHER DEVELOPMENTS
             13.1.6 SCHNEIDER ELECTRIC
                       TABLE 269 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 51 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                       TABLE 270 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 271 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
                       TABLE 272 SCHNEIDER ELECTRIC: DEALS
             13.1.7 HUAWEI
                       TABLE 273 HUAWEI: BUSINESS OVERVIEW
                       TABLE 274 HUAWEI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 275 HUAWEI: PRODUCT LAUNCHES
                       TABLE 276 HUAWEI: DEALS
             13.1.8 INTEL CORPORATION
                       TABLE 277 INTEL CORPORATION: BUSINESS OVERVIEW
                       FIGURE 52 INTEL CORPORATION: COMPANY SNAPSHOT
                       TABLE 278 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 279 INTEL CORPORATION: PRODUCT LAUNCHES
                       TABLE 280 INTEL CORPORATION: DEALS
             13.1.9 NEC CORPORATION
                       TABLE 281 NEC CORPORATION: BUSINESS OVERVIEW
                       FIGURE 53 NEC CORPORATION: COMPANY SNAPSHOT
                       TABLE 282 NEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 283 NEC CORPORATION: PRODUCT LAUNCHES
                       TABLE 284 NEC CORPORATION: DEALS
             13.1.10 ERICSSON
                       TABLE 285 ERICSSON: BUSINESS OVERVIEW
                       FIGURE 54 ERICSSON: COMPANY SNAPSHOT
                       TABLE 286 ERICSSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 287 ERICSSON: DEALS
             13.1.11 ABB
                       TABLE 288 ABB: BUSINESS OVERVIEW
                       TABLE 289 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 290 ABB: PRODUCT LAUNCHES
                       TABLE 291 ABB: DEALS
                       TABLE 292 ABB: OTHERS
     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 ITRON
             13.2.7 AWS
             13.2.8 THALES
             13.2.9 SIGNIFY HOLDING
             13.2.10 KAPSCH TRAFFICCOM
             13.2.11 MOTOROLA
             13.2.12 GENERAL ELECTRIC
             13.2.13 GOOGLE
             13.2.14 TCS
             13.2.15 AT&T
             13.2.16 NOKIA
             13.2.17 SAMSUNG
             13.2.18 SAP
             13.2.19 TOMTOM
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
     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 ZENCITY
             13.3.9 IXDEN
 
14 ADJACENT/RELATED MARKETS (Page No. - 319)
     14.1 INTRODUCTION 
             14.1.1 LIMITATIONS
     14.2 IOT IN SMART CITIES MARKET 
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
                       14.2.2.1 IoT in market, by offering
                                   TABLE 293 IOT IN MARKET, BY OFFERING, 2016–2020 (USD BILLION)
                                   TABLE 294 IOT IN MARKET, BY OFFERING, 2021–2026 (USD BILLION)
                       14.2.2.2 IoT in market, by solution
                                   TABLE 295 IOT IN MARKET, BY SOLUTION, 2016–2020 (USD BILLION)
                                   TABLE 296 IOT IN MARKET, BY SOLUTION, 2021–2026 (USD BILLION)
                       14.2.2.3 IoT in market, by service
                                   TABLE 297 SERVICES: IOT IN MARKET, BY TYPE, 2016–2020 (USD BILLION)
                                   TABLE 298 SERVICES: IOT IN MARKET, BY TYPE, 2021–2026 (USD BILLION)
                                   TABLE 299 PROFESSIONAL SERVICES: IOT IN MARKET, BY TYPE, 2016–2020 (USD BILLION)
                                   TABLE 300 PROFESSIONAL SERVICES: IOT IN MARKET, BY TYPE, 2021–2026 (USD BILLION)
                       14.2.2.4 IoT in smart cities market, by application
                                   TABLE 301 IOT IN MARKET, BY APPLICATION, 2016–2020 (USD BILLION)
                                   TABLE 302 IOT IN MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
                       14.2.2.5 IoT in market, by region
                                   TABLE 303 IOT IN MARKET, BY REGION, 2016–2020 (USD BILLION)
                                   TABLE 304 IOT IN MARKET, BY REGION, 2021–2026 (USD BILLION)
     14.3 SMART BUILDINGS MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                       14.3.2.1 Smart buildings market, by component
                                   TABLE 305 SMART BUILDINGS MARKET, BY COMPONENT, 2017–2020 (USD BILLION)
                                   TABLE 306 SMART BUILDINGS MARKET, BY COMPONENT, 2021–2026 (USD BILLION)
                       14.3.2.2 Smart buildings market, by solution
                                   TABLE 307 SMART BUILDING SOLUTIONS MARKET, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 308 SMART BUILDING SOLUTIONS MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       14.3.2.3 Smart buildings market, by service
                                   TABLE 309 SMART BUILDING SERVICES MARKET, BY TYPE, 2017–2020 (USD BILLION)
                                   TABLE 310 SMART BUILDING SERVICES MARKET, BY TYPE, 2021–2026 (USD BILLION)
                       14.3.2.4 Smart buildings market, by building type
                                   TABLE 311 SMART BUILDINGS MARKET, BY BUILDING TYPE, 2017–2020 (USD MILLION)
                                   TABLE 312 SMART BUILDINGS MARKET, BY BUILDING TYPE, 2021–2026 (USD MILLION)
                       14.3.2.5 Smart buildings market, by region
                                   TABLE 313 SMART BUILDINGS MARKET, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 314 SMART BUILDINGS MARKET, BY REGION, 2021–2026 (USD MILLION)
     14.4 SMART CITY PLATFORMS MARKET 
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
                       14.4.2.1 Smart city platforms market, by offering
                                   TABLE 315 SMART CITY PLATFORMS MARKET, BY OFFERING, 2016–2022 (USD BILLION)
                                   TABLE 316 SMART CITY PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD BILLION)
                       14.4.2.2 Smart city platforms market, by delivery model
                                   TABLE 317 SMART CITY PLATFORMS MARKET, BY DELIVERY MODEL, 2016–2022 (USD BILLION)
                                   TABLE 318 SMART CITY PLATFORMS MARKET, BY DELIVERY MODEL, 2023–2028 (USD BILLION)
                       14.4.2.3 Smart city platforms market, by region
                                   TABLE 319 SMART CITY PLATFORMS MARKET, BY REGION, 2016–2022 (USD BILLION)
                                   TABLE 320 SMART CITY PLATFORMS MARKET, BY REGION, 2023–2028 (USD BILLION)
 
15 APPENDIX (Page No. - 331)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The research study involved four major activities in estimating the smart cities market size. Exhaustive secondary research has been done to collect important information about the market and peer markets. The next step has been to validate these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

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. Several journals and associations were referred to, such as the US Department of Transportation, SmartAmerica Project, European Innovation Partnership on Smart Cities and Communities (EIP-SCC), European Business and Technology Centre (EBTC), and Smart Cities Council India. 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 the market and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. 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 key companies and organizations providing smart city solutions. The primary sources from the demand side included end users, such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.

In the market engineering process, top-down and bottom-up approaches and several data triangulation methods were extensively used to perform market estimation and market forecasting for the overall market segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information/insights throughout the report.

After the complete market engineering (including calculations for market statistics, market breakup, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information. Primary research was undertaken to identify the segmentation types, industry trends, key players, the competitive landscape of different market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

Smart Cities  Market Size, and Share

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

Market Size Estimation

In the market engineering process, top-down and bottom-up approaches and multiple data triangulation methods were used to estimate and validate the size of the smart cities' market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Initially, MarketsandMarkets focuses on top-line investments and spending in the ecosystems. Further, significant developments in the critical market area have been considered.
  • Tracking the recent and upcoming developments in the smart cities market that include investments, R&D activities, product launches, collaborations, mergers and acquisitions, and partnerships, as well as forecasting the market size based on these developments and other critical parameters.
  • Conduct multiple discussions with key opinion leaders to know about diverse types of authentications and brand protection offerings used and the applications for which they are used to analyze the breakup of the scope of work carried out by major companies.  
  • Segmenting the overall market into various market segments
  • Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets

Market Size Estimation Methodology-Bottom-up approach

Smart Cities  Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Market Size Estimation Methodology-top-down approach

Smart Cities  Market Top Down Approach

Data Triangulation

The smart cities market has been split into segments and sub-segments after arriving at the overall market size from the abovementioned estimation process. Where applicable, data triangulation and market breakdown procedures have been used to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

The smart cities market size has been validated using top-down and bottom-up approaches.

Market Definition

A smart city is 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. This guarantees that the present and future generations' economic, social, and environmental requirements are addressed. An existing city can be considered smart only if it adheres to the following components: smart transportation, smart buildings, smart utilities, and smart citizen services. Therefore, for the market analysis, smart homes, energy management, building and industry automation, smart transportation systems, water management systems, healthcare, and digital education systems were considered.

Stakeholders

  • National/State Governments
  • Municipal Authorities
  • Real-estate Developers
  • Information Technology (IT) Solution Providers
  • Platform Providers
  • System Integrators
  • Telecom Service Providers
  • Networking Solution Providers
  • Utility Companies
  • Transportation Service Providers
  • Independent Software Vendors (ISVs)
  • Network Equipment Providers
  • Communication Service Providers (CSPs)

Report Objectives

  • To determine and forecast the global smart cities market based on focus areas: smart transportation, smart buildings, smart utilities, smart citizen services, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • To forecast the size of the market segments concerning five central regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA).
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
  • Analyze each submarket concerning individual growth trends, prospects, and contributions to the overall market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the smart cities market.
  • To profile the key market players; provide a comparative analysis based on business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape.
  • Track and analyze competitive developments in the market, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.

Available Customizations

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

Geographic Analysis

  • Further break-up of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further break-up of the North American market into countries contributing 75% to the regional market size
  • Further break-up of the Latin American market into countries contributing 75% to the regional market size
  • Further break-up of the Middle East African market into countries contributing 75% to the regional market size
  • Further break-up of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

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

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
TC 3071
Published ON
Feb, 2024
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • 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
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • 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
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback