Global Smart City Market Growth (Status and Outlook) 2023-2029

Global Smart City Market Growth (Status and Outlook) 2023-2029

A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.

LPI (LP Information)' newest research report, the “Smart City Industry Forecast” looks at past sales and reviews total world Smart City sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart City sales for 2023 through 2029. With Smart City sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart City industry.

This Insight Report provides a comprehensive analysis of the global Smart City landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart City portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart City market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart City and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart City.

The global Smart City market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The smart infrastructure sector will be the largest segment in the market. The rising adoption of smart water management systems, which are based on ICT (information and communications technology), will be one of the main drivers for the growth of this segment. These smart water management systems collect real-time information on water leakage and assist in the prevention of water loss.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart City market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Smart Security
Smart Infrastructure
Smart Energy
Smart Education
Smart Building
Smart Healthcare
Other

Segmentation by application
Communications Industry
Transportation Industry
Express Industry
Government
Education
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
AT&T
Europe Mobile
Cisco
Hitachi
Honeywell
Huawei
IBM
NTT Communications
Oracle
Siemens
Verizon Communications
Vodafone
Accenture
Alcatel-Lucent
Ericsson
HP
Microsoft
Schneider Electric
Telefonica
Toshiba

Please note: The report will take approximately 2 business days to prepare and deliver.