Smart Cities Market, by Component (Hardware, Software, and Services), by Application (smart Security, Smart Building, Smart Transportation, Smart Governance, Smart Energy, Smart Healthcare, Smart Water Network System, and Smart Education), and by Geograph

Smart Cities Market, by Component (Hardware, Software, and Services), by Application (smart Security, Smart Building, Smart Transportation, Smart Governance, Smart Energy, Smart Healthcare, Smart Water Network System, and Smart Education), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A smart city is a combination of smart environment and advanced technology. Smart cities deploy IT-based devices to develop critical infrastructure of a city, which includes facilities such as smart education, smart building, smart transportation, smart water, smart electricity, smart health, smart governance, and smart energy. Smart city applications include smart education, smart energy, smart building, smart security, smart transportation, smart healthcare, and others. Smart cities offer improved infrastructure for optimal utilization of energy, thus motivating countries to adopt the same. Thus, these factors are expected to boost the global smart cities market growth in the near future.
Clean technology or Cleantech startups offer novel products and services that can increase productivity and efficiency, while keeping environmental impact minimum. A number of Cleantech startups have realized the growth potential in global smart cities market and are focused on development of products and services exclusive to smart city applications.
Market Dynamics
Penetration of digital technologies has accelerated the demand for digitization around the globe. Digitization aids in information sharing and enables connectivity between devices, which is one of the primary requirements of smart cities. Furthermore, governments of various countries are focused on launched digitized platform for e-governance. For instance, the Government of India has set up e-Governance platform under The Digital India Programme to support citizens. This platform includes features such as e-Locker, e-Office, e-Sign and mobile governance.
However, challenges associated with funding are expected to restrain growth of the global smart cities market during the forecast period.
Market Taxonomy
This report segments the global smart cities market on the basis of component and application. On the basis of component, the global smart cities market is segmented into hardware, software, and services. On the basis of application, the market is segmented into smart security, smart building, smart transportation, smart governance, smart energy, smart healthcare, smart water network system, and smart education.
Key features of the study:
This report provides an in-depth analysis of the global smart cities market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 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
Company Profiles
Microsoft Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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
*Browse all the market data tables and figures on "Global Smart Cities Market - Forecast to 2027”