Smart Cities Market Trends and Analysis by Application, IT Component, Vertical, Region, and Segment Forecast to 2027

Smart Cities Market Trends and Analysis by Application, IT Component, Vertical, Region, and Segment Forecast to 2027

Summary

The smart cities market size revenue was valued at $262.5 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.2% over the forecast period. The smart cities market report provides an executive-level overview of the current smart cities market worldwide, with detailed forecasts of key indicators up to 2027.

This market intelligence report offers a thorough, forward-looking analysis of the global smart cities market by by application, IT component, vertical, region and key drivers in a concise format to help executives build proactive and profitable growth strategies.

Key factors such as increasing demand for sustainable and climate-resilient cities and growing availability of power-efficient sensors and network technologies are driving the market.

Scope

This report provides overview and service addressable market for smart cities market.
It identifies the key trends impacting growth of the smart cities market over the next 12 to 24 months.
It includes global market forecasts for the smart cities market and analysis of M&A deals, VF/PE deals, patents, social media, and job market trends.
It contains details of M&A deals in the smart cities space and a timeline highlighting milestones in the development of smart cities market.
The detailed value chain consists of six layers: Physical Layer, Connectivity Layer, Data Layer, Platform Layer, Application Layer, and Services Layer

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global smart cities market by by application, IT component, vertical, region and key drivers 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 the smart cities market.
• The report also covers key insights on buying criteria, vendor/buyer ecommendations along with competitive insights on key market players.
• With more than 100 charts and tables, the report is designed for an executive-level audience, enhancing 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 market.
• The broad perspective of the report coupled with comprehensive, actionable detail will help telecom companies, infrastructure security providers, smart cities providers, system integration providers, and other intermediaries succeed in growing the smart cities market globally.