Smart Cities Market

Smart Cities Market, By Component, By Application, By Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030


A smart city is a combination of intelligent environments and advanced technology. Smart cities use IT-based devices to develop the city's critical infrastructure. This includes facilities such as smart education, smart buildings, smart transportation, smart water, smart electricity, smart health, smart management, and smart energy. Smart city applications include smart education, smart energy, smart building, smart security, smart transportation, smart healthcare, etc. Smart cities motivate other countries to deploye smart cities initiatives and programmes as they provide improved infrastructure for optimal use of energy. Therefore, these factors are expected to drive the growth of the global smart cities market in the near future. Clean technologies and Cleantech startups offer new products and services that can improve productivity and efficiency while minimizing environmental impact. Many Cleantech start-ups have recognized the growth potential of the global smart cities market and are focusing on developing products and services specifically for smart city applications.

Market Dynamics

The smart city market is characterized by dynamic and diverse factors affecting its growth and development. Rapid technological advancements in areas such as IoT, AI, and data analytics will continuously drive innovation and enable the integration of smart solutions across different urban sectors. Government initiatives and public-private partnerships play a central role in financing and implementing smart city projects. In addition, growing awareness of environmental sustainability and the need to improve urban resilience is increasing the demand for smart city technologies. However, challenges such as high up-front costs, privacy concerns, and the need for interoperability between different systems remain major hurdles and stakeholder engagement to realize the full potential of the smart cities market.

Key Features of the Study
  • This report provides an in-depth analysis of the global smart cities market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global smart cities market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Microsoft Corporation, Toshiba Corporation, AT&T, Inc., SAP SE, Cisco Systems, Inc., Philips Lighting, Ericsson, Huawei Technologies Co., Ltd., Panasonic Corporation, General Electric, Oracle Corporation, Hitachi Data Systems Corporation, and IBM Corporation.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global smart cities market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global smart cities market
Detailed Segmentation
  • Global Smart Cities Market, By Component:
  • Hardware
  • Software
  • Services
  • Global Smart Cities Market, By Application:
  • Smart Security
  • Smart Building
  • Smart Transportation
  • Smart Governance
  • Smart Energy
  • Smart Healthcare
  • Smart Water Network System
  • Smart Education
  • Global Smart Cities Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • Company Profiles
  • Microsoft Corporation
  • Toshiba Corporation
  • AT&T, Inc.
  • SAP SE
  • Cisco Systems, Inc.
  • Philips Lighting
  • Ericsson
  • Huawei Technologies Co., Ltd.
  • Panasonic Corporation
  • General Electric
  • Oracle Corporation
  • Hitachi Data Systems Corporation
  • IBM Corporation


1. Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rampant urbanization worldwide
Proactive government initiatives
Restraints
High cost of implementation
Proactive government initiatives
Market Opportunities
Growth of Smart Education
Advancement of smart mobility solutions
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New Product Approvals/Launch
4. Global Smart Cities Market, By Component, 2018 – 2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends Market Share Analysis, 2023 and 2030 (%)
Hardware
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Software
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
5. Global Smart Cities Market, By Application, 2018 – 2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends Market Share Analysis, 2023 and 2030 (%)
Smart Security
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Building
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Governance
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Energy
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Water Network System
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Smart Education
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
6. Global Smart Cities Market, By Region, 2018 - 2030 (US$ Billion)
Introduction
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2017–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 – 2030, (US$ Billion)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 – 2030, (US$ Billion)
Germany
Italy
U.K.
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 – 2030, (US$ Billion)
China
Japan
Australia
India
ASEAN
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 – 2030, (US$ Billion)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 – 2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 – 2030, (US$ Billion)
GCC Countries
Israel
South Africa
Rest of Middle East & Africa
7. Competitive Landscape
Company Profiles
Microsoft Corporation.*
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Toshiba Corporation
AT&T, Inc.
SAP SE
Cisco Systems, Inc.
Philips Lighting
Ericsson
Huawei Technologies Co., Ltd.
Panasonic Corporation
General Electric Co.
Oracle Corporation
Hitachi Data Systems Corporation
IBM Corporation
Analyst Views
8. Section
Available Customizations
References
Research Methodology
About us and Sales Contact
*Browse all the market data tables and figures on “Global Smart Cities Market”-Global Forecast to 2030.

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