Smart Cities Market Size, Share, Analysis Report

Smart Cities Market By Focus Area Analysis (Transportation, Utilities, Building, and Smart Citizen Services) and By Regional Analysis – Global Forecast by

The Global Smart Cities Market is expected to be around US$ 3396.63 Million by 2027 at a CAGR of 23.1% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2022-2027

Base Year:

2021

CAGR:

23

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

Smart cities are created and developed utilizing most recent advancements including sensor systems, information investigation, cloud computing and wireless communications. Utilizing the energy of data innovation, propels in correspondence and the Internet of Things, smart cities will be at the leading of intelligent and environmentally sustainable living in which all the aspects like transportation, security, healthcare, water supply, waste management and so on are interconnected to improve the city a good and superior place to live. Basically, the primary thought of a smart city is to make the whole working and administration of a city people driven with real time data that individuals can specifically take part in the key choices influencing the city and get their grievances settled by the administration as quickly as possible. Fulfillment of Smart cities depends on the declining the need of non-sustainable assets for vitality and enhancing fuel performance.

How Big is The Global Smart Cities Market?

The Global Smart Cities Market is expected to be around US$ 3396.63  Million by 2027 at a CAGR of 23.1% in the given forecast period.

The major driving factors of Global Smart Cities Market are as follows:

  • Developing speed connectivity and fast telecommunication provision
  • Rising demographics and hyper-urbanization
  • Developing energy consumption and requirement to achieve optimum energy usage during peak hours
  • Increasing trends in artificial intelligence and big data analytics
  • Reduction in operational cost for smart building infrastructures in capacity expansion
  • Expanding demand for integrated security and safety system for enhancing public safety
  • Increasing population

The restraining factors of Global Smart Cities Market are as follows:

  • Low levels of operational efficiency in emerging countries
  • Absence of public knowledge and awareness
  • Maintenance cost is high and initial investments is huge
  • Absence of robust telecom and networking infrastructures in developing economies
  • Dearth of standardized regulatory systems for energy sectors

The Global Smart Cities Market is segmented on the lines of its Focus area and regional. Based on focus area segmentation it covers transportation, building, utilities, smart citizen services. The Smart Cities Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for Smart Cities Market and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for Smart Cities Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets on Smart Cities Market with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Microsoft (US), IBM (US), Oracle (US), Cisco (US), Huawei (China), Ericsson (Sweden), Hitachi (Japan), Siemens (Germany), Schneider Electric (France), and Toshiba (Japan)Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
 
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Smart Cities Market has been segmented as below:

By Focus Area Analysis:

  • Transportation
    • By Type
    • By Solution
    • By Services
  • Utilities
    • By Type
    • By Solution
    • By Services
  • Building
    • By Type
    • By Solution
    • By Services
  • Smart Citizen Services
    • By Type

By Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all  Smart Cities Market .
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Smart Cities Market data.
4) Assess your competitor’s refining portfolio and its evolution.

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1    INTRODUCTION    

    1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources

2 Research Methodology

    2.1 Research Data 
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation 
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation 
    2.4 Research Assumptions 
    2.5 Limitations

3 Executive Summary

4 Premium Insights

    4.1 Attractive Opportunities in the Smart Cities Market 
    4.2 Smart Cities Market: Focus Areas 
    4.3 Global Smart Cities Market, By Region and Focus Area 
    4.4 Smart Cities Year-On-Year Growth Rate Comparison, Global vs Regional, 2015–2022 
    4.5 Smart Cities Enabling Technologies

5 Market Overview

    5.1 Introduction 
    5.2 Smart Cities: Evolution 
    5.3 Market Dynamics 
           5.3.1 Drivers
                    5.3.1.1 Rapid Connectivity and Fast Telecommunication Provision
                    5.3.1.2 Growing Demographics and Hyper-Urbanization
                    5.3.1.3 Growing Energy Consumption and Requirement to Achieve Optimum Energy Usage During Peak Hours
                    5.3.1.4 Growing Trends in Artificial Intelligence and Big Data Analytics
                    5.3.1.5 Decrease in Operational Cost for Smart Building Infrastructures in Capacity Expansion
                    5.3.1.6 Rising Demand for Integrated Security and Safety System for Enhancing Public Safety
           5.3.2 Restraints
                    5.3.2.1 Low Levels of Operational Efficiency in Emerging Countries
                    5.3.2.2 Absence Or Lack of Robust Telecom and Networking Infrastructures in Developing Economies
                    5.3.2.3 Lack of Standardized Regulatory Frameworks for Energy Sectors
           5.3.3 Opportunities
                    5.3.3.1 Evolution of IoT
                    5.3.3.2 Major Boost Up for System Integrators
                    5.3.3.3 Environmental Concerns and Rising Demand for Green Initiatives
                    5.3.3.4 Developing Economies and Emerging Hotspots for Smart Cities Technology Growth
           5.3.4 Challenges
                    5.3.4.1 Lack of Public Awareness
                    5.3.4.2 Huge Initial Investment and High Maintenance Cost

6 Industry Trends

    6.1 Introduction 
    6.2 Value Chain Analysis 
    6.3 Standards and Regulations 
           6.3.1 Introduction
           6.3.2 Cloud Computing Association
           6.3.3 Third Generation Partnership Project
           6.3.4 Storage Networking Industry Association
           6.3.5 International Organization for Standardization
           6.3.6 International Electrotechnical Commission
           6.3.7 International Telecommunication Union
    6.4 Ecosystem 
           6.4.1 Smart Cities Market Ecosystem

7 Smart Cities Market Analysis, By Transportation 

    7.1 Smart Transportation 
    7.2 Smart Transportation, By Type 
           7.2.1 Smart Railways
           7.2.2 Smart Roadways
    7.3 Smart Transportation, By Solution 
           7.3.1 Intelligent Transport System: Use Case Scenario
                    7.3.1.1 Dubai, UAE
                    7.3.1.2 Istanbul, Turkey
           7.3.2 Traffic Management and Automated Driver Guidance System
                    7.3.2.1 Smart Signaling
                    7.3.2.2 Automated Route Guidance System
                    7.3.2.3 Predictive Traffic Analytics
           7.3.3 Parking Management
                    7.3.3.1 Automated Parking Guidance and Slot Management
           7.3.4 Passenger Management and Travel Experience Enhancement System
                    7.3.4.1 Smart Ticketing
                    7.3.4.2 Entertainment and Travel Assistance System
                    7.3.4.3 Smart Transportation Communication Network
           7.3.5 Predictive Analytics for Passenger Travel
           7.3.6 Freight Management
           7.3.7 Transport Data Management
    7.4 Smart Transportation, By Service 
           7.4.1 Infrastructure Monitoring and Management
           7.4.2 Planning and Consulting
           7.4.3 Integration

8 Smart Cities Market Analysis, By Utilities 

    8.1 Smart Utilities 
           8.1.1 Smart Energy System: Use Case Scenario
                    8.1.1.1 Ontario, Canada
                    8.1.1.2 Sunshine Coast, Australia
    8.2 Smart Utilities, By Type 
    8.3 Smart Utilities, By Solution 
           8.3.1 Smart Metering and Meter Data Management
           8.3.2 Smart Distribution Management System
           8.3.3 Meter Data Analytics
           8.3.4 Others
    8.4 Smart Utilities, By Service 
           8.4.1 Infrastructure Monitoring and Management
           8.4.2 Planning and Consulting
           8.4.3 Integration

9 Smart Cities Market Analysis, By Building 

    9.1 Smart Building 
           9.1.1 Smart Homes and Building Automation: Use Case Scenario
                    9.1.1.1 Singapore (Smart Nation)
           9.1.2 Smart Public Buildings: Use Case Scenario
                    9.1.2.1 European Commission, Greece [Att??? (Attiki)]
    9.2 Smart Buildings, By Type 
    9.3 Smart Buildings, By Solution 
           9.3.1 Parking Management for Buildings
                    9.3.1.1 Parking Ticket and Revenue Management System
                    9.3.1.2 Access Control
                    9.3.1.3 Automated Parking Guidance
                    9.3.1.4 Parking Reservation and Slot Management
           9.3.2 Facility Management and Energy Optimization
                    9.3.2.1 Building Energy Management Systems
                    9.3.2.2 Emergency Response Management
                    9.3.2.3 Others (Smart Lighting and HVAC Controls)
           9.3.3 In-Building Communication
    9.4 Smart Buildings, By Service 
           9.4.1 Infrastructure Monitoring and Management
           9.4.2 Planning and Consulting
           9.4.3 Integration

10 Smart Cities Market Analysis, By Smart Citizen Service 

     10.1 Smart Citizen Services 
             10.1.1 In-Vehicle Cameras: Use Case Scenario
                        10.1.1.1 New York City, US
             10.1.2 Integrated Video Surveillance: Use Case Scenario
                        10.1.2.1 Buenos Aires, Argentina
     10.2 Smart Citizen Services, By Type 
     10.3 Smart Education 
     10.4 Smart Healthcare 
     10.5 Security and Threat Management

11 Geographic Analysis 

     11.1 Introduction 
     11.2 North America 
             11.2.1 Contribution of Prime Cities Toward Smart City Initiatives
                        11.2.1.1 New York City, New York, US
                        11.2.1.2 Kansas City, Missouri, US
                        11.2.1.3 San Francisco, California, US
                        11.2.1.4 Columbus, OHIO, US
             11.2.2 Competitive Scenario in the Region
     11.3 Europe 
             11.3.1 Contribution of Prime Cities Toward Smart City Initiatives
                        11.3.1.1 Amsterdam, Netherlands
                        11.3.1.2 London, England
                        11.3.1.3 Nice, France
                        11.3.1.4 Copenhagen, Denmark
             11.3.2 Competitive Scenario in the Region
     11.4 Asia Pacific 
             11.4.1 Contribution of Prime Cities Toward Smart City Initiatives
                        11.4.1.1 Singapore (Smart Nation)
                        11.4.1.2 Kuala Lumpur, Malaysia
                        11.4.1.3 Adelaide, Australia
                        11.4.1.4 Iskandar, Malaysia
             11.4.2 Competitive Scenario in the Region
     11.5 Latin America 
             11.5.1 Contribution of Prime Cities Toward Smart City Initiatives
                        11.5.1.1 Santiago, Chile
                        11.5.1.2 Bogota, Colombia
             11.5.2 Competitive Scenario in the Region
     11.6 Middle East and Africa 
             11.6.1 Contribution of Prime Cities Toward Smart City Initiatives
                        11.6.1.1 Dubai, UAE
                        11.6.1.2 Tel Aviv, Israel
                        11.6.1.3 Istanbul, Turkey
             11.6.2 Competitive Scenario in the Region

12 Competitive Landscape 

     12.1 Introduction 
     12.2 North America: Competitive Scenario 
     12.3 Europe: Competitive Scenario 
     12.4 Asia Pacific: Competitive Scenario 
     12.5 Middle East and Africa: Competitive Scenario 
     12.6 Latin America: Competitive Scenario 
     12.7 Overview 
             12.7.1 Analysis of Product Portfolio of Major Players in the Smart Cities Market
             12.7.2 Business Strategies Adopted By Major Players in the Smart Cities Market
     12.8 Smart Cities Market, Major Vendors

13 Company Profiles 

     13.1 Siemens AG 
     13.2 Cisco Systems, Inc. 
     13.3 Huawei Investment & Holding Co., Ltd. 
     13.4 Microsoft Corporation 
     13.5 Schneider Electric SE 
     13.6 Toshiba Corporation
     13.7 Ericsson 
     13.8 Hitachi Ltd. 
     13.9 International Business Machines Corporation 
     13.10 Oracle Corporation 

The Smart Cities Market has been segmented as below:

By Focus Area Analysis:

  • Transportation
    • By Type
    • By Solution
    • By Services
  • Utilities
    • By Type
    • By Solution
    • By Services
  • Building
    • By Type
    • By Solution
    • By Services
  • Smart Citizen Services
    • By Type

By Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

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The market is expected to grow at a CAGR of 23.1% during the study period (2022-2027)
The Global Smart Cities Market is expected to be around US$ 3396.63 Million by 2027.
The segment included in Smart Cities Market is Focus Area and region.
Some key players operating in the Smart Cities Market include Microsoft (US), IBM (US), Oracle (US), Cisco (US), Huawei (China), Ericsson (Sweden), Hitachi (Japan), Siemens (Germany), Schneider Electric
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