Smart Cities Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Smart Cities Market: By Focus Area (Smart Buildings, Smart Citizen Services, Smart Transportation and Smart Utilities), By Smart Transportation (Connected Vehicles, Freight Information System, Passenger Information Management System, Smart Ticketing, Traffic Management System and Others (transport data management, ride sharing and integrated mobility solutions)), By Smart Buildings Solution (Building Energy Optimization, Emergency Management System and Parking Management System), By Smart Utilities Solution (Advanced Metering Infrastructure, Distribution Management System and Substation Automation) and Geography

 

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Report

Description

Smart Cities Market size was valued at 395.76 Billion in 2021 and is estimated to reach 1180.67 Billion by 2028, at a CAGR of 16.9% during the forecast period 2022 to 2028. Due to the increase in the population and rapid urbanization in several regions has led to the widespread use smart technology to enhance and improve the quality of the living conditions of the residential. In addition, population growth has led to increasing demand for such as efficient transportations, enhanced residential and commercial buildings, optimum energy utilization and better administrative services boost the growth of the smart cities device market. However, high funds & investments, lack of systemic approach, major concern of privacy and security and need for merging different departments and sectors are the major factors that hinder the growth of the smart cities market.

Smart Cities Market

MARKET SUMMARY
-
16.9% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.5%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Smart Cities Market

  • Global smart cities market report gives comprehensive outlook on smart cities across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global smart cities market gives historical, current, and future market sizes (US$ Bn) on the basis of focus area, smart transportation, smart building solutions, smart utilities solutions and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global smart cities products.
Market Key Players
  • Cisco Systems (US)
  • IBM (US)
  • Siemens AG (Germany)
  • Schneider Electric (France)
  • Ericsson (Sweden)
  • Vodafone (UK)
  • Itron Inc. (US)
  • Verizon (US)
  • Telensa (England)
  • ABB (Switzerland)
Growth

Smart Cities Market

In the recent years, Due to increasing in the population and rapid urbanization necessity of the public safety and security, development of smart transportation to avoid the traffic congestion. Implement of artificial intelligence installation of CCTV and facial recognizing devices to get help during any emergency situation. Additionally, AI applications in the traffic and parking management. The demand for public safety requires advanced computerized systems, which can deliver the right information needed for quick and safe response from government officers, fire fighters, and emergency medical professionals.


North-America Got Significant Share

Smart Cities Market

North America accounted for larger revenue share in global smart cities market with considerable CAGR. The growth in this region can be attributed to increasing scarcity of water, inefficient recycling of industrial wastewater for reuse, rapidly increasing population & urbanization, increasing government emphasis for water conservation and reuse are some of the major key factors rising in the awareness of the conservation of water which boosting the market growth. In this region, countries like India are undergoing severe water scarcity thus, the demand for smart cities systems is increasing. In North America, the expansion of the smart cities tank market can also be attributed to the massive oil and gas production activities that require freshwater and also recycle & reuse.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global market expanding at significant CAGR over 2022 to 2028 due to increase in the awareness of conservation of water.
  • Based on material type, storage capacity, installation type, application, end user and region smart cities segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period.
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.

Key

Key Features of the Report

Smart Cities Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Smart Cities Market Introduction
    • Global Smart Cities Market – Taxonomy
    • Global Smart Cities Market –Definitions
      • Focus Area
      • Smart Transportation
      • Smart Buildings Solution
      • Smart Utilities Solution
  3. Global Smart Cities Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Smart Cities Market Dynamic Factors – Impact Analysis
    • Global Smart Cities Market – Competition Landscape
  4. Global Smart Cities Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Smart Cities Market, By Focus Area, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Smart Buildings
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Citizen Services
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Transportation
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Utilities
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Smart Cities Market, By Smart Transportation, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Connected Vehicles
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Freight Information System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Passenger Information Management System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Smart Ticketing
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Traffic Management System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others (transport data management, ride sharing and integrated mobility solutions)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Smart Cities Market forecast, By Smart Building Solution, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Building Energy Optimization
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Emergency Management System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Parking Management System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Smart Cities Market Forecast, By Smart Utility, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Advanced Metering Infrastructure
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Distribution Management System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Substation Automation
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Smart Cities Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Smart Cities Market – Opportunity Analysis Index, By Product, By Material, By Form, By End User, Application and Region, 2020 – 2026
  2. North America Smart Cities Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Focus Area Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart Buildings
      • Smart Citizen Services
      • Smart Transportation
      • Smart Utilities
    • Smart Transportations Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Vehicles
      • Freight Information System
      • Passenger Information Management System
      • Smart Ticketing
      • Traffic Management System
      • Others (transport data management, ride sharing and integrated mobility solutions)
    • Smart Building Solutions Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building Energy Optimization
      • Emergency Management System
      • Parking Management System
    • Advance Utilities Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Advanced Metering Infrastructure
      • Distribution Management System
      • Substation Automation
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Smart Cities Market – Opportunity Analysis Index, By Product, By Material, By Form, By End User, Application and Country, 2020 – 2026
    • North America Smart Cities Market Dynamics – Trends
  3. Europe Smart Cities Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Focus Area Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart Buildings
      • Smart Citizen Services
      • Smart Transportation
      • Smart Utilities
    • Smart Transportations Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Vehicles
      • Freight Information System
      • Passenger Information Management System
      • Smart Ticketing
      • Traffic Management System
      • Others (transport data management, ride sharing and integrated mobility solutions)
    • Smart Building Solutions Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building Energy Optimization
      • Emergency Management System
      • Parking Management System
    • Advance Utilities Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Advanced Metering Infrastructure
      • Distribution Management System
      • Substation Automation
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Smart Cities Market – Opportunity Analysis Index, By Product, By Material, By Form, By End User, Application and Country, 2020 – 2026
    • Europe Smart Cities Market Dynamics – Trends
  4. Asia-Pacific Smart Cities Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Focus Area Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart Buildings
      • Smart Citizen Services
      • Smart Transportation
      • Smart Utilities
    • Smart Transportations Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Vehicles
      • Freight Information System
      • Passenger Information Management System
      • Smart Ticketing
      • Traffic Management System
      • Others (transport data management, ride sharing and integrated mobility solutions)
    • Smart Building Solutions Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building Energy Optimization
      • Emergency Management System
      • Parking Management System
    • Advance Utilities Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Advanced Metering Infrastructure
      • Distribution Management System
      • Substation Automation
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Smart Cities Market – Opportunity Analysis Index, By Product, By Material, By Form, By End User, Application and Country, 2020 – 2026
    • Asia-Pacific Smart Cities Market Dynamics – Trends
  5. Latin America Smart Cities Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Focus Area Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart Buildings
      • Smart Citizen Services
      • Smart Transportation
      • Smart Utilities
    • Smart Transportations Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Vehicles
      • Freight Information System
      • Passenger Information Management System
      • Smart Ticketing
      • Traffic Management System
      • Others (transport data management, ride sharing and integrated mobility solutions)
    • Smart Building Solutions Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building Energy Optimization
      • Emergency Management System
      • Parking Management System
    • Advance Utilities Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Advanced Metering Infrastructure
      • Distribution Management System
      • Substation Automation
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Smart Cities Market – Opportunity Analysis Index, By Product, By Material, By Form, By End User, Application and Country, 2020 – 2026
    • Latin America Smart Cities Market Dynamics – Trends
  6. Middle East and Africa Smart Cities Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Focus Area Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Smart Buildings
      • Smart Citizen Services
      • Smart Transportation
      • Smart Utilities
    • Smart Transportations Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Connected Vehicles
      • Freight Information System
      • Passenger Information Management System
      • Smart Ticketing
      • Traffic Management System
      • Others (transport data management, ride sharing and integrated mobility solutions)
    • Smart Building Solutions Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Building Energy Optimization
      • Emergency Management System
      • Parking Management System
    • Advance Utilities Solution Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Advanced Metering Infrastructure
      • Distribution Management System
      • Substation Automation
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Smart Cities Market – Opportunity Analysis Index, By Product, By Material, By Form, By End User, Application and Country, 2020 – 2026
    • MEA Smart Cities Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Cisco Systems (US)
      • IBM (US)
      • Siemens AG (Germany)
      • Schneider Electric (France)
      • Ericsson (Sweden)
      • Vodafone (UK)
      • Itron Inc. (US)
      • Verizon (US)
      • Telensa (England)
      • ABB (Switzerland)
      • Honeywell International Inc. (US)
      • SAP SE (Germany)
      • KAPSCH Group (Austria)
      • Microsoft Corporation (US)
      • Intel Corporation (US)
      • Hitachi Ltd. (Japan)
      • Huawei Technologies Co., Ltd. (China)
      • Cisco Systems Inc. (US)
      • AGT International (Switzerland).
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Cisco Systems (US)
  • IBM (US)
  • Siemens AG (Germany)
  • Schneider Electric (France)
  • Ericsson (Sweden)
  • Vodafone (UK)
  • Itron Inc. (US)
  • Verizon (US)
  • Telensa (England)
  • ABB (Switzerland)
  • Honeywell International Inc. (US)
  • SAP SE (Germany)
  • KAPSCH Group (Austria)
  • Microsoft Corporation (US)
  • Intel Corporation (US)
  • Hitachi Ltd. (Japan)
  • Huawei Technologies Co., Ltd. (China)
  • Cisco Systems Inc. (US)
  • AGT International (Switzerland)

Description

Smart Cities Market size was valued at 395.76 Billion in 2021 and is estimated to reach 1180.67 Billion by 2028, at a CAGR of 16.9% during the forecast period 2022 to 2028. Due to the increase in the population and rapid urbanization in several regions has led to the widespread use smart technology to enhance and improve the quality of the living conditions of the residential. In addition, population growth has led to increasing demand for such as efficient transportations, enhanced residential and commercial buildings, optimum energy utilization and better administrative services boost the growth of the smart cities device market. However, high funds & investments, lack of systemic approach, major concern of privacy and security and need for merging different departments and sectors are the major factors that hinder the growth of the smart cities market.

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