Smart Cities Market Size, Share, Trends, Analysis and Forecasts by Region, Application (Smart Transportation (Intelligent Transportation, Parking Management, Smart Ticketing), Smart Infrastructure (City Surveillance, Smart Lighting, Command and Control Se

Smart Cities Market Size, Share, Trends, Analysis and Forecasts by Region, Application (Smart Transportation (Intelligent Transportation, Parking Management, Smart Ticketing), Smart Infrastructure (City Surveillance, Smart Lighting, Command and Control Services, Smart Grid, Smart Building, Smart City Platforms) and Segment Forecast 2022-2026

Summary

The Smart Cities market size was valued at US$511.1 billion in 2021. The market is expected to grow at a CAGR of more than 8% during the forecast period (2022-2026). The Smart Cities market report provides an executive-level overview of the Smart Cities market worldwide today, with detailed forecasts of key indicators up to 2026.

This market intelligence report offers a thorough, forward-looking analysis of the global Smart Cities market, and regional market shares of top vendors in a concise format to help executives build proactive and profitable growth strategies.

Key Highlights

The Smart Cities market size was valued at US$511.1 billion in 2021 and expected to grow at a compound annual growth rate (CAGR) of 8.1% during 2022-2026. The inclination of population to migrate to cities is one of the primary reasons for the world becoming increasingly urban. Cities cover only 2% of the Earth’s surface but account for 50% of its population, which has fueled the growth of Smart Cities.

Scope

• This report provides overview and service addressable market for Smart Cities market
• It identifies the key trends impacting growth of the market over the next 12 to 24 months, split into two categories: technology trends and macroeconomic trends.
• It includes global market forecasts for the Smart Cities industry and analysis of patents, company filings, and hiring trends.
• It contains details of M&A deals in the Smart Cities space, and a timeline highlighting milestones in the development of ecommerce industry.
• The detailed value chain consists of six layers: device layer, connectivity layer, data layer, platform layer, app layer and services layer.

• This market intelligence report offers a thorough, forward-looking analysis of the global Smart Cities Market by channel type, business model, spend category, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in Smart Cities Markets.
• The report also highlights key application segments (Smart Transportation, Smart Infrastructure, Smart Grid, Smart Building, and Smart City Platform)
• The report also highlights key smart transportation segments (Intelligent Transportation, Parking Management, and Smart Ticketing)
• The report also highlights key smart infrastructure segments (City Surveillance, Smart Lighting, and Command & Control Systems)
• With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in Smart Cities Markets.
• The broad perspective of the report coupled with comprehensive, actionable detail will help BFSI stakeholders, service providers, and other smart city players succeed in growing the Smart Cities Market globally