Europe Smart Cities Market worth $408.4 billion by 2030
The report "Europe Smart Cities Market by Focus Area (Transportation (Smart Ticketing, Traffic Management, Passenger Information), Building (BIM, Energy Management, Network Management, IWMS), Utility (AMI, MDM, DMS), Citizen Services) - Forecast to 2030" The Europe smart cities market is estimated to be USD 202.9 billion in 2025 and is projected to reach USD 408.4 billion by 2030, registering a CAGR of 15.0% during 2025–2030. European cities are among the earliest adopters of Mobility as a Service (MaaS), as they look to better integrate public transport with emerging mobility options. City authorities are increasingly combining buses, metro systems, bike sharing, micro-mobility, and demand-responsive transport into unified applications and ticketing platforms. This shift is supported by dense urban layouts, strong public transit usage, and strict emissions-reduction targets across the region.
Browse 60 market data Tables and 15 Figures spread through 180 Pages and in-depth TOC on "Europe Smart Cities Market by Focus Area (Transportation (Smart Ticketing, Traffic Management, Passenger Information), Building (BIM, Energy Management, Network Management, IWMS), Utility (AMI, MDM, DMS), Citizen Services) - Forecast to 2030"
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As MaaS deployments scale, cities are prioritizing platforms that enable seamless multimodal journey planning, unified payments, and congestion-based pricing. At the same time, compliance with the General Data Protection Regulation (GDPR) remains a key requirement, shaping how user data is collected and managed. As a result, mobility platforms that can integrate effectively with transit agencies while ensuring strong data governance are gaining wider adoption across European smart city projects.
By smart utility, energy/power type is estimated to account for the largest market share in the European smart cities market.
European utilities are accelerating grid modernization as cities transition toward cleaner energy systems and more resilient power networks. Utilities in Germany, France, Spain, and Italy are deploying smart grids, automated substations, and digital distribution platforms to support renewable integration and electric vehicle charging infrastructure. These initiatives are supported by technology providers such as Siemens, Schneider Electric, and ABB, which supply grid automation and monitoring systems across multiple European markets.
These deployments enable real-time network monitoring, faster fault isolation, and improved demand-response capabilities. As renewable penetration increases and grid operations become more complex, utilities are prioritizing digital control systems and advanced analytics to maintain reliability and operational efficiency.
By smart transportation solution, smart ticketing is expected to register the fastest growth during the forecast period.
The rapid adoption of contactless and mobile payments across Europe is accelerating the deployment of digital ticketing platforms in public transportation systems. Transit authorities are moving toward account-based ticketing models that allow passengers to travel seamlessly across buses, metro systems, and regional rail using a single payment method.
These platforms simplify fare collection, reduce reliance on physical tickets, and lower operational costs for transport operators. They also support flexible pricing, real-time travel updates, and integration with broader Mobility as a Service (MaaS) platforms. As European cities focus on improving user experience and encouraging public transport usage, smart ticketing solutions are becoming a standard component of digital mobility infrastructure.
This report profiles key players, such as Siemens (Germany), Schneider Electric (France), Ericsson (Sweden), ABB (Switzerland), Accenture (Ireland), Thales (France), Vodafone (UK), Signify Holding (Netherlands), Nokia (Finland), SAP (Germany), TomTom (Netherlands), AppyWay (UK), Landis+Gyr (Switzerland), Kapsch TrafficCom (Austria), AVEVA Group plc (UK), and Telensa (UK).
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