Global Smart Cities Market Overview

Global Smart Cities Market size is projected to reach USD 3,363 billion by 2028 from an estimated USD 831.13 billion in 2021, growing at a CAGR of 22.1% globally.

The concept of smart cities can be dated back to the 1960s and 1970s when the U.S. Community Analysis Bureau began collecting data by utilizing databases, aerial photography, and cluster analysis to monitor resources, issue reports to direct services, minimize disasters, and reduce poverty. As a result of this initiative, the first generation of smart cities was born. The smart city employs information and communication technology (ICT) to streamline operations, improve government service, enhance citizen welfare, and help the government share data with the public. Technologies such as the Internet of Things (IoT), cloud computing, cognitive computing, big data analytics, and open data are used to optimize city functions and stimulate economic growth while simultaneously enhancing residents' quality of life. Furthermore, cities currently house 54 % of the world's population, which is predicted to increase to 66 % by 2050, resulting in an additional 2.5 billion people joining the urban population in the following three decades. With the anticipated increase in population, there will be a need to manage resource sustainability on an environmental, social, and economic level. Citizens and government entities can collaborate to launch initiatives and employ advanced technologies to manage assets and resources in the fast-growing urban environment thus, fueling the growth of the smart cities market during the analysis period.

Smart Cities Market

Market Dynamics and Key Factors in Smart Cities:

Drivers:

Integration of automation, machine learning, and IoT has paved the way for the development of smart cities. Boosting economic growth and providing citizens with a high quality of life are the essential components offered by a smart city. It entails providing citizens with a standardized set of services while lowering infrastructure expenses. It is especially crucial given, the projected population expansion in metropolitan areas, which will demand more effective usage of infrastructure and assets. These enhancements will be possible due to smart city services and solutions, resulting in an improved quality of life for citizens. Smart city enhancements also add value to existing infrastructure by generating new revenue sources and improving operational efficiencies, which save money for both governments and citizens.

Cities have several environmental benefits, such as smaller geographic footprints, but they also have certain drawbacks, such as the consumption of fossil fuels to power them. Smart solutions, such as the development of an electric transportation system to cut emissions, could help minimize these detrimental effects. While not in use, electric vehicles may serve to manage the frequency of the electric grid. As a result of such sustainable transportation options, the number of cars in metropolitan areas should decrease, as autonomous vehicles are predicted to reduce the necessity for car ownership among the population. Developing such sustainable solutions has the potential to provide environmental and societal benefits, hence driving the growth of the smart cities market over the forecast period.

Governments have played a significant role in the smart city market across the world through initiatives and programs aimed at deploying smart services as a vital component of their infrastructure. The General Services Administration's (GSA) Smart Buildings program, began in May 2012 to reduce costs and provide smart services. One notable initiative in recent years was the modernization of federal government buildings, which was accomplished through the usage of linked technology. Similarly, due to its focus on energy and climate goals, the smart cities market in Europe is predicted to develop at a high rate. Smart parking solutions can help drivers find a parking space and also enable digital payment thus, strengthening the development of the smart cities market over the projected period.

Restraints:

The introduction of surveillance cameras and sophisticated systems networked to monitor areas makes maintaining anonymity more challenging. Face recognition technology, for instance, has fundamentally altered the concept of personal privacy. Moreover, the capacity to track and centralize data provides the person in charge of it a lot of power. Whoever has access to citizens' data, whether it is a government or a corporate entity, can control, frighten, and try to manipulate public opinion. Furthermore, cities that rely almost exclusively on electronics and networks lose decision-making autonomy and may become unable to react in the event where these tools are unavailable. If the power sources are non-renewable, the constant use of power supplies for the functioning of sensors and cameras installed in smart cities might raise the carbon footprint thus, hampering the expansion of the smart cities market in the forecast period. 

Opportunities:

The rise in the urban population is creating a tremendous strain on non-renewable sources. To tackle the challenges faced by the growing population, governments are partnering with service providers to develop smart solutions that will tackle the problems such as the surge in the number of automobiles, that results in traffic congestion. Moreover, with the growing population, there is a need to provide healthcare facilities to every individual thus, the integration of modern technologies such as IoT, Artificial Intelligence, big data analytics, and 5G can be employed to develop smart hospitals. The 5G technology has made robust changes in cloud computing solutions. 5G enables the quick transfer of data while the usage of AI in data analytics automatically analyses the data, and uncovers hidden trends, patterns, and insights that can be utilized by governments to make better decisions. Infrastructures such as old buildings, roads, and bridges require high investments throughout their life for maintenance and repair. The usage of smart technology can provide early information to cities to manage the infrastructure failure before it occurs, thus the wide applications of smart technologies in the development of smart cities are creating a profitable opportunity for the market players involved in the smart cities market.

Challenges:

Smart city projects must be open to the public and accessible through an open data site or mobile app. It allows residents to interact with the data and fulfill personal duties such as paying bills and choosing efficient transportation options. All this requires a reliable and secure, data collecting and storage system to prevent hacking or misuse of the data. The data collected and generated by smart cities also need to be anonymized to avoid privacy concerns. Moreover, the biggest challenge is quite probably that of connectivity. Millions of IoT devices are connected to function efficiently, small errors can affect the functioning of the overall system.

Market Segmentation

Depending on the component, the software segment is forecasted to have the highest share of the smart cities market. The software allows seamless and smooth interaction of AI, IoT, sensors, and data analytics. With this integration service providers can offer real-time solutions for traffic management, industrial utility management, and the healthcare sector. The software provides advanced platforms that offer a cohesive and connected experience that elevates the functioning of the smart city. Furthermore, the software allows data collection that is hardware-independent and easily transfers data from one location to another via the cloud. The software allows calculations and estimations that are based on historical data, and real-time data thus, supporting the expansion of the software segment during the forecast period.

Depending on the application, the smart transportation system is anticipated to dominate the smart cities market during the projected period attributed to the rise in the vehicle-bearing population. Connected transport systems offer the greatest potentials to significantly improve efficiency throughout the city. From improved traffic management to the capability of tracking buses and train locations, smart technologies enable cities to better serve citizens even though populations are growing exponentially. Smart transportation makes better use of available resources, lowering costs through preventative maintenance, reduced energy usage, and less expenditure on accidents. Individuals can save money when public transportation is affordable and efficient enough to compete with private vehicle ownership. According to Texas A&M Transportation Institute, traffic congestion in the United States costs a total of US$ 179 billion each year to the United States economy. This cost can be significantly reduced by the utilization of smart technologies thus, strengthening the expansion of the smart transportation segment during the analysis period.

Players Covered in Smart Cities market are :

Regional Analysis of Smart Cities Market:

North America region is expected to dominate the smart cities market in the forecast period attributed to the presence of major service providers in this region. The increase in government fundings to propel the adoption rate of smart technologies in the U.S. and Canada are driving the growth of the smart cities market in this region. The growing awareness about the advantages of smart solutions in managing populated areas, transportation, and the demand for smart buildings to lower the strain on natural resources consolidates the demand for smart cities. The industrial sector in this region is highly developed and to lower the carbon footprint industries in this region have partnered with services providers, to incorporate smart technologies that will help in managing available resources efficiently. The ready 5G infrastructure is expected to fuel the development of the smart cities market in this region.

The smart cities market in the Asia-Pacific region is anticipated to develop at the highest growth rate over the analysis period. The countries in this region are observing a tremendous flow of population from rural areas to urban areas. Moreover, to provide healthcare, transportation, and electricity facilities to the rising urban population more efficiently, governments in this region are collaborating with service providers. For instance, the government of India has planned to develop 4,000 smart cities by the end of 2023, and for this, the government of India has invested US$ 6.5 billion. With this initiative, the Indian government hopes to provide citizens with a decent standard of living, and a clean & sustainable environment. Furthermore, China has invested heavily in the smart city programs and is on track to spend US$ 39 billion on smart cities by 2023 through its smart city program and has over 500 smart cities in various developmental stages. All these essential steps taken by several governments in this region are strengthening the expansion of the smart cities market in this region.

The smart cities market in the European region is anticipated to have a significant growth rate over the projected period. The UK, Italy, Portugal, Bulgaria, and Poland are the major countries in this region promoting the expansion of the smart cities market. According to Cities Today, the European smart cities program has reached a record of US$ 302.8 million in investment. This program was launched in the year 2016 and brings together 34 partners from across government, and industry to evaluate the scalability of smart technology to address urban challenges and support the government initiative of 'net zero' by 2050. Burgas, a city in Bulgaria, has received the largest investment of US$ 197 million. The European Union has targeted to reach US$ 564 million by the end of 2021 thus, such huge investments are strengthening the expansion of the smart cities market in this region.

COVID-19 Impact on Smart Cities Market:

Long before the pandemic, there was a growing interest and significant progress in adopting smart solutions, enabled by ICTs and big data analytics, to improve the efficiency and efficacy of urban operations while also improving quality of life. COVID-19 has provided a vital opportunity to evaluate the capabilities of smart solutions to solve essential socioeconomic concerns as it unfolds amid these rapid improvements. It has also given smart city development a boost, as seen by the rising use of teleworking, telemedicine, monitoring systems, and online commerce and education. As a result, it is predicted that COVID-19 will bolster smart city initiatives. Smart technology-assisted governments in minimizing human-to-human contact, identifying infected individuals, predicting diffusion patterns, and facilitating quarantine procedures during the pandemic period. The platform's live data feeds were repurposed in response to the COVID-19 crisis to create a data dashboard that notified local authorities of changes in social behaviors and enabled them to make data-driven and evidence-based adaptive decisions. To summarize, the COVID-19 pandemic has stimulated the adoption rate of smart cities thus, driving the growth of the market.

Recent Developments in Smart Cities Market:

  • In November 2021, Schneider Electric, a global leader in energy management and automation, launched Green Yodha, a sustainability engagement program in India, to encourage and enable businesses, industries, and individuals to collaborate and take tangible climate action. This urgent call to action aims to support the Indian government's robust commitment expressed at COP26.
  • In August 2021, ABB India collaborated with the Indore Smart City Development Limited to deploy next-generation digital technology that will provide continuous electricity supply to homes and industries in Indore. In the first phase of the deployment, the technology utilized in this partnership has achieved 24/7 electricity supply to more than 2300 connections with an efficient automatic response system (ARS) in case of power outages or disruption.

Global Smart Cities Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

USD 831.13 Bn.

Forecast Period 2022-28 CAGR:

22.1%

Market Size in 2028:

USD 3,363 Bn.

Segments Covered:

By Type

  • Smart Governance
  • Smart Building
  • Environmental Solution
  • Smart Utilities
  • Smart Transportation
  • Smart Healthcare

By Component

  • Software
  • Hardware

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing demand for effective usage of infrastructure due to increasing population in metropolitan area.

Key Market Restraints:

  • Maintenance of cameras and sophisticated systems networked is very difficult.

Key Opportunities:

  • The advancement in technologies to enhance the solutions.

Companies Covered in the report:

  • Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Vodafone (UK), Intron Inc. (US) and Other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Component

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Smart Cities Market by Type
 4.1 Smart Cities Market Overview Snapshot and Growth Engine
 4.2 Smart Cities Market Overview
 4.3 Smart Governance
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Smart Governance: Grographic Segmentation
 4.4 Smart Building
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Smart Building: Grographic Segmentation
 4.5 Environmental Solution
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Environmental Solution: Grographic Segmentation
 4.6 Smart Utilities
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Smart Utilities: Grographic Segmentation
 4.7 Smart Transportation
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size (2016-2028F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Smart Transportation: Grographic Segmentation
 4.8 Smart Healthcare
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size (2016-2028F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Smart Healthcare: Grographic Segmentation

Chapter 5: Smart Cities Market by Component
 5.1 Smart Cities Market Overview Snapshot and Growth Engine
 5.2 Smart Cities Market Overview
 5.3 Software
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Software: Grographic Segmentation
 5.4 Hardware
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Hardware: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Positioning
  6.1.2 Smart Cities Sales and Market Share By Players
  6.1.3 Industry BCG Matrix
  6.1.4 Ansoff Matrix
  6.1.5 Smart Cities Industry Concentration Ratio (CR5 and HHI)
  6.1.6 Top 5 Smart Cities Players Market Share
  6.1.7 Mergers and Acquisitions
  6.1.8 Business Strategies By Top Players
 6.2 CISCO SYSTEMS (US)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Operating Business Segments
  6.2.5 Product Portfolio
  6.2.6 Business Performance
  6.2.7 Key Strategic Moves and Recent Developments
  6.2.8 SWOT Analysis
 6.3 IBM (US)
 6.4 SIEMENS AG (GERMANY)
 6.5 SCHNEIDER ELECTRIC (FRANCE)
 6.6 ERICSSON (SWEDEN)
 6.7 VODAFONE (UK)
 6.8 ITRON INC. (US)
 6.9 VERIZON (US)
 6.10 TELENSA (ENGLAND)
 6.11 ABB (SWITZERLAND)
 6.12 HONEYWELL INTERNATIONAL INC. (US)
 6.13 SAP SE (GERMANY)
 6.14 KAPSCH GROUP (AUSTRIA)
 6.15 AND AGT INTERNATIONAL (SWITZERLAND)

Chapter 7: Global Smart Cities Market Analysis, Insights and Forecast, 2016-2028
 7.1 Market Overview
 7.2 Historic and Forecasted Market Size By Type
  7.2.1 Smart Governance
  7.2.2 Smart Building
  7.2.3 Environmental Solution
  7.2.4 Smart Utilities
  7.2.5 Smart Transportation
  7.2.6 Smart Healthcare
 7.3 Historic and Forecasted Market Size By Component
  7.3.1 Software
  7.3.2 Hardware

Chapter 8: North America Smart Cities Market Analysis, Insights and Forecast, 2016-2028
 8.1 Key Market Trends, Growth Factors and Opportunities
 8.2 Impact of Covid-19
 8.3 Key Players
 8.4 Key Market Trends, Growth Factors and Opportunities
 8.4 Historic and Forecasted Market Size By Type
  8.4.1 Smart Governance
  8.4.2 Smart Building
  8.4.3 Environmental Solution
  8.4.4 Smart Utilities
  8.4.5 Smart Transportation
  8.4.6 Smart Healthcare
 8.5 Historic and Forecasted Market Size By Component
  8.5.1 Software
  8.5.2 Hardware
 8.6 Historic and Forecast Market Size by Country
  8.6.1 U.S.
  8.6.2 Canada
  8.6.3 Mexico

Chapter 9: Europe Smart Cities Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Smart Governance
  9.4.2 Smart Building
  9.4.3 Environmental Solution
  9.4.4 Smart Utilities
  9.4.5 Smart Transportation
  9.4.6 Smart Healthcare
 9.5 Historic and Forecasted Market Size By Component
  9.5.1 Software
  9.5.2 Hardware
 9.6 Historic and Forecast Market Size by Country
  9.6.1 Germany
  9.6.2 U.K.
  9.6.3 France
  9.6.4 Italy
  9.6.5 Russia
  9.6.6 Spain

Chapter 10: Asia-Pacific Smart Cities Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Smart Governance
  10.4.2 Smart Building
  10.4.3 Environmental Solution
  10.4.4 Smart Utilities
  10.4.5 Smart Transportation
  10.4.6 Smart Healthcare
 10.5 Historic and Forecasted Market Size By Component
  10.5.1 Software
  10.5.2 Hardware
 10.6 Historic and Forecast Market Size by Country
  10.6.1 China
  10.6.2 India
  10.6.3 Japan
  10.6.4 Southeast Asia

Chapter 11: South America Smart Cities Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Smart Governance
  11.4.2 Smart Building
  11.4.3 Environmental Solution
  11.4.4 Smart Utilities
  11.4.5 Smart Transportation
  11.4.6 Smart Healthcare
 11.5 Historic and Forecasted Market Size By Component
  11.5.1 Software
  11.5.2 Hardware
 11.6 Historic and Forecast Market Size by Country
  11.6.1 Brazil
  11.6.2 Argentina

Chapter 12: Middle East & Africa Smart Cities Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Smart Governance
  12.4.2 Smart Building
  12.4.3 Environmental Solution
  12.4.4 Smart Utilities
  12.4.5 Smart Transportation
  12.4.6 Smart Healthcare
 12.5 Historic and Forecasted Market Size By Component
  12.5.1 Software
  12.5.2 Hardware
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Saudi Arabia
  12.6.2 South Africa

Chapter 13 Investment Analysis

Chapter 14 Analyst Viewpoint and Conclusion

Global Smart Cities Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

USD 831.13 Bn.

Forecast Period 2022-28 CAGR:

22.1%

Market Size in 2028:

USD 3,363 Bn.

Segments Covered:

By Type

  • Smart Governance
  • Smart Building
  • Environmental Solution
  • Smart Utilities
  • Smart Transportation
  • Smart Healthcare

By Component

  • Software
  • Hardware

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing demand for effective usage of infrastructure due to increasing population in metropolitan area.

Key Market Restraints:

  • Maintenance of cameras and sophisticated systems networked is very difficult.

Key Opportunities:

  • The advancement in technologies to enhance the solutions.

Companies Covered in the report:

  • Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Vodafone (UK), Intron Inc. (US) and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMART CITIES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMART CITIES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMART CITIES MARKET COMPETITIVE RIVALRY
TABLE 005. SMART CITIES MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMART CITIES MARKET THREAT OF SUBSTITUTES
TABLE 007. SMART CITIES MARKET BY TYPE
TABLE 008. SMART GOVERNANCE MARKET OVERVIEW (2016-2028)
TABLE 009. SMART BUILDING MARKET OVERVIEW (2016-2028)
TABLE 010. ENVIRONMENTAL SOLUTION MARKET OVERVIEW (2016-2028)
TABLE 011. SMART UTILITIES MARKET OVERVIEW (2016-2028)
TABLE 012. SMART TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 013. SMART HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 014. SMART CITIES MARKET BY COMPONENT
TABLE 015. SOFTWARE MARKET OVERVIEW (2016-2028)
TABLE 016. HARDWARE MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA SMART CITIES MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA SMART CITIES MARKET, BY COMPONENT (2016-2028)
TABLE 019. N SMART CITIES MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE SMART CITIES MARKET, BY TYPE (2016-2028)
TABLE 021. EUROPE SMART CITIES MARKET, BY COMPONENT (2016-2028)
TABLE 022. SMART CITIES MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC SMART CITIES MARKET, BY TYPE (2016-2028)
TABLE 024. ASIA PACIFIC SMART CITIES MARKET, BY COMPONENT (2016-2028)
TABLE 025. SMART CITIES MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA SMART CITIES MARKET, BY TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA SMART CITIES MARKET, BY COMPONENT (2016-2028)
TABLE 028. SMART CITIES MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA SMART CITIES MARKET, BY TYPE (2016-2028)
TABLE 030. SOUTH AMERICA SMART CITIES MARKET, BY COMPONENT (2016-2028)
TABLE 031. SMART CITIES MARKET, BY COUNTRY (2016-2028)
TABLE 032. CISCO SYSTEMS (US): SNAPSHOT
TABLE 033. CISCO SYSTEMS (US): BUSINESS PERFORMANCE
TABLE 034. CISCO SYSTEMS (US): PRODUCT PORTFOLIO
TABLE 035. CISCO SYSTEMS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. IBM (US): SNAPSHOT
TABLE 036. IBM (US): BUSINESS PERFORMANCE
TABLE 037. IBM (US): PRODUCT PORTFOLIO
TABLE 038. IBM (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. SIEMENS AG (GERMANY): SNAPSHOT
TABLE 039. SIEMENS AG (GERMANY): BUSINESS PERFORMANCE
TABLE 040. SIEMENS AG (GERMANY): PRODUCT PORTFOLIO
TABLE 041. SIEMENS AG (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. SCHNEIDER ELECTRIC (FRANCE): SNAPSHOT
TABLE 042. SCHNEIDER ELECTRIC (FRANCE): BUSINESS PERFORMANCE
TABLE 043. SCHNEIDER ELECTRIC (FRANCE): PRODUCT PORTFOLIO
TABLE 044. SCHNEIDER ELECTRIC (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. ERICSSON (SWEDEN): SNAPSHOT
TABLE 045. ERICSSON (SWEDEN): BUSINESS PERFORMANCE
TABLE 046. ERICSSON (SWEDEN): PRODUCT PORTFOLIO
TABLE 047. ERICSSON (SWEDEN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. VODAFONE (UK): SNAPSHOT
TABLE 048. VODAFONE (UK): BUSINESS PERFORMANCE
TABLE 049. VODAFONE (UK): PRODUCT PORTFOLIO
TABLE 050. VODAFONE (UK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. ITRON INC. (US): SNAPSHOT
TABLE 051. ITRON INC. (US): BUSINESS PERFORMANCE
TABLE 052. ITRON INC. (US): PRODUCT PORTFOLIO
TABLE 053. ITRON INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. VERIZON (US): SNAPSHOT
TABLE 054. VERIZON (US): BUSINESS PERFORMANCE
TABLE 055. VERIZON (US): PRODUCT PORTFOLIO
TABLE 056. VERIZON (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. TELENSA (ENGLAND): SNAPSHOT
TABLE 057. TELENSA (ENGLAND): BUSINESS PERFORMANCE
TABLE 058. TELENSA (ENGLAND): PRODUCT PORTFOLIO
TABLE 059. TELENSA (ENGLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. ABB (SWITZERLAND): SNAPSHOT
TABLE 060. ABB (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 061. ABB (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 062. ABB (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. HONEYWELL INTERNATIONAL INC. (US): SNAPSHOT
TABLE 063. HONEYWELL INTERNATIONAL INC. (US): BUSINESS PERFORMANCE
TABLE 064. HONEYWELL INTERNATIONAL INC. (US): PRODUCT PORTFOLIO
TABLE 065. HONEYWELL INTERNATIONAL INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. SAP SE (GERMANY): SNAPSHOT
TABLE 066. SAP SE (GERMANY): BUSINESS PERFORMANCE
TABLE 067. SAP SE (GERMANY): PRODUCT PORTFOLIO
TABLE 068. SAP SE (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. KAPSCH GROUP (AUSTRIA): SNAPSHOT
TABLE 069. KAPSCH GROUP (AUSTRIA): BUSINESS PERFORMANCE
TABLE 070. KAPSCH GROUP (AUSTRIA): PRODUCT PORTFOLIO
TABLE 071. KAPSCH GROUP (AUSTRIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. AND AGT INTERNATIONAL (SWITZERLAND): SNAPSHOT
TABLE 072. AND AGT INTERNATIONAL (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 073. AND AGT INTERNATIONAL (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 074. AND AGT INTERNATIONAL (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMART CITIES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SMART CITIES MARKET OVERVIEW BY TYPE
FIGURE 012. SMART GOVERNANCE MARKET OVERVIEW (2016-2028)
FIGURE 013. SMART BUILDING MARKET OVERVIEW (2016-2028)
FIGURE 014. ENVIRONMENTAL SOLUTION MARKET OVERVIEW (2016-2028)
FIGURE 015. SMART UTILITIES MARKET OVERVIEW (2016-2028)
FIGURE 016. SMART TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 017. SMART HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 018. SMART CITIES MARKET OVERVIEW BY COMPONENT
FIGURE 019. SOFTWARE MARKET OVERVIEW (2016-2028)
FIGURE 020. HARDWARE MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA SMART CITIES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE SMART CITIES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC SMART CITIES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA SMART CITIES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA SMART CITIES MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Smart Cities Market research report?

The forecast period in the Smart Cities Market research report is 2022-2028.

Who are the key players in Smart Cities Market?

Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Vodafone (UK), Intron Inc. (US) and Other Major Players.

What are the segments of Smart Cities Market?

Smart Cities Market is segmented into Product Type, Component and region. By Type, the market is categorized into Smart Governance, Smart Building, Environmental Solution, Smart Utilities, Smart Transportation, and Smart Healthcare. By Component, the market is categorized into Software, Hardware. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Smart Cities Market?

The concept of smart cities can be dated back to the 1960s and 1970s when the U.S. Community Analysis Bureau began collecting data by utilizing databases, aerial photography, and cluster analysis to monitor resources, issue reports to direct services, minimize disasters, and reduce poverty.

How big is Smart Cities Market?

Smart Cities Market size is projected to reach USD 3,363 billion by 2028 from an estimated USD 831.13 billion in 2021, growing at a CAGR of 22.1% globally.