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Smart Cities Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2018-2028 By Smart Utilities (Water Management, Waste Management, Energy Management), By Smart Governance (Smart Lighting, Smart Infrastructure, City Surveillance), By Smart Transportation (Intelligent Transportation Systems, Parking Management, Smart Ticketing & Travel Assistance), By Smart Citizens Service (Smart Healthcare, Smart Education, Smart Public Safety, Smart Street Lighting, Others) By Region, By Competition
Market Report I 2023-06-01 I 115 Pages I TechSci Research
The Global Smart Cities Market is anticipated to register a high CAGR during the forecast period.
Smart cities are technologically advanced metropolitan areas that utilize various smart electrical techniques and smart sensors to gather certain data. The knowledge gathered from that data is utilized to manage resources, services, and assets effectively. It is also used to enhance operations throughout the city. To monitor and control traffic and transportation systems, power plants, utilities, water supply networks, waste, criminal investigations, information systems, schools, libraries, hospitals, and other community services, data is processed and analyzed from information gathered from participants, devices, buildings, and assets. Smart cities are those that employ technology effectively in their planning, monitoring, and administration of the city. Data sharing in smart cities extends beyond the boundaries of the city to businesses and residents that stand to gain from the data's numerous applications. Sharing data across various systems and industries opens up possibilities for better knowledge and financial benefit.
Advancements in Technologies
Emerging technologies such as AI, ML, cloud data analytics, IoT, and cybersecurity have advanced quickly in recent years. A better connection has been made possible by the increasing usage of these technologies in the context of smart cities, completely transforming the ecosystem. The system may gather data from many sources with the aid of IoT devices and then share it with a central control point by utilizing the cloud. Such cutting-edge technologies are applied in a variety of contexts, including security, privacy, and environmental sustainability, in addition to enhancing the lives of residents. For instance, a Mexican city employs technological improvements to manage connected devices effectively in real-time, using an IoT platform called a control center.
Advanced Learning & Intelligence responsible for Smart Cities Advancement
Machine learning and artificial intelligence are enabling self-sufficient and futuristic systems, companies, and individuals in smart cities. These technologies gather enormous quantities of data to modernize the systems and parts that power cities and enable them to make wise judgments with minimal human input. Building smart cities require the use of artificial intelligence and machine learning algorithms, which are already essential components of many sectors. The deployment of machine learning-powered, AI-enabled intelligent equipment generates cyber-physical space, which includes smart meters, traffic sensors, medical monitoring systems, industrial control systems, video cameras, and environmental sensors. Machine-generated data aids in predictive analysis and decision-making for the design of smart cities.
Government Initiatives
Through their legislation and programs aimed at the deployment of smart services as a significant component of their infrastructure, governments throughout the world have been playing a significant role in the smart cities business. As an illustration, the General Services Administration's (GSA) Smart Buildings programs, launched in May 2012, intended to decline the costs and promote smart services with updated federal government buildings that were mostly enabled by linked technology. Similarly to this, the European smart cities sector is anticipated to expand rapidly due to its emphasis on energy and climate goals. As a result, the government is concentrating on the distribution of energy using effective models and policies to move closer to a low-carbon future. Additionally, governments of many countries, for instance, China, South Korea, UAE, India, Singapore, and Japan, seek the economic growth of their countries. Furthermore, China has planned 500 pilot projects for digital cities, another significant government investment in the area. In addition, Dubai's desire to fulfill the Smart Dubai Plan 2021 aim of becoming a 100% paperless government has accelerated the adoption of smart services in the region, which is fueling the expansion of the smart cities industry.
Market Segmentation
The Global Smart Cities Market is divided into smart utilities, smart governance, and smart transportation. Based on smart utilities, the market is divided into water management, waste management, and energy management. Based on smart governance, the market is segmented into smart lighting, smart infrastructure, and city surveillance. Based on smart transportation, the market is divided into intelligent transportation systems, parking management, smart ticketing & travel assistance. Based on smart citizens service, the market is segmented into smart healthcare, smart education, smart public safety, smart street lighting, and others.
Market Players
Major market players in the Global Smart Cities Market are ABB Limited, AGT International, AVEVA Group plc, Cisco Systems Inc, Honeywell International Inc, International Business Machines Corporation, Itron Inc, Kapsch Group, Huawei Technologies Co Ltd, Microsoft Corporation, Oracle Corporation, Osram Gmbh, SAP SE, Schneider Electric SE, Siemens AG, Telensa, and Verizon.
Report Scope:
In this report, the Global Smart Cities Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Smart Cities Market, By Smart Utilities:
o Water Management
o Waste Management
o Energy Management
- Global Smart Cities Market, By Smart Governance:
o Smart Lighting
o Smart Infrastructure
o City Surveillance
- Global Smart Cities Market, By Smart Transportation:
o Intelligent Transportation Systems
o Parking Management
o Smart Ticketing & Travel Assistance
- Global Smart Cities Market, By Smart Citizens Service:
o Smart Healthcare
o Smart Education
o Smart Public Safety
o Smart Street Lighting
o Others
- Global Smart Cities Market, By Region:
o Asia-Pacific
o North America
o Europe
o Middle East & Africa
o South America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Smart Cities Market.
Available Customizations:
With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on the Global Smart Cities Market
4. Executive Summary
5. Voice of Customers
6. Global Smart Cities Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Smart Utilities (Water Management, Waste Management and Energy Management)
6.2.2. By Smart Governance (Smart Lighting, Smart Infrastructure, and City Surveillance)
6.2.3. By Smart Transportation (Intelligent Transportation Systems, Parking Management, Smart Ticketing & Travel Assistance)
6.2.4. By Smart Citizens Service (Smart Healthcare, Smart Education, Smart Public Safety, Smart Street Lighting, Others)
6.2.5. By Region
6.2.6. By Company (2022)
6.3. Market Map
7. Asia-Pacific Smart Cities Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Smart Utilities
7.2.2. By Smart Governance
7.2.3. By Smart Transportation
7.2.4. By Smart Citizens Service
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Smart Cities Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Smart Utilities
7.3.1.2.2. By Smart Governance
7.3.1.2.3. By Smart Transportation
7.3.1.2.4. By Smart Citizens Service
7.3.2. Japan Smart Cities Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Smart Utilities
7.3.2.2.2. By Smart Governance
7.3.2.2.3. By Smart Transportation
7.3.2.2.4. By Smart Citizens Service
7.3.3. India Smart Cities Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Smart Utilities
7.3.3.2.2. By Smart Governance
7.3.3.2.3. By Smart Transportation
7.3.3.2.4. By Smart Citizens Service
7.3.4. South Korea Smart Cities Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Smart Utilities
7.3.4.2.2. By Smart Governance
7.3.4.2.3. By Smart Transportation
7.3.4.2.4. By Smart Citizens Service
7.3.5. Australia Smart Cities Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Smart Utilities
7.3.5.2.2. By Smart Governance
7.3.5.2.3. By Smart Transportation
7.3.5.2.4. By Smart Citizens Service
8. North America Smart Cities Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Smart Utilities
8.2.2. By Smart Governance
8.2.3. By Smart Transportation
8.2.4. By Smart Citizens Service
8.2.5. By Country
8.3. North America: Country Analysis
8.3.1. United States Smart Cities Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Smart Utilities
8.3.1.2.2. By Smart Governance
8.3.1.2.3. By Smart Transportation
8.3.1.2.4. By Smart Citizens Service
8.3.2. Canada Smart Cities Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Smart Utilities
8.3.2.2.2. By Smart Governance
8.3.2.2.3. By Smart Transportation
8.3.2.2.4. By Smart Citizens Service
8.3.3. Mexico Smart Cities Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Smart Utilities
8.3.3.2.2. By Smart Governance
8.3.3.2.3. By Smart Transportation
8.3.3.2.4. By Smart Citizens Service
9. Europe Smart Cities Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Smart Utilities
9.2.2. By Smart Governance
9.2.3. By Smart Transportation
9.2.4. By Smart Citizens Service
9.2.5. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Smart Cities Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Smart Utilities
9.3.1.2.2. By Smart Governance
9.3.1.2.3. By Smart Transportation
9.3.1.2.4. By Smart Citizens Service
9.3.2. United Kingdom Smart Cities Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Smart Utilities
9.3.2.2.2. By Smart Governance
9.3.2.2.3. By Smart Transportation
9.3.2.2.4. By Smart Citizens Service
9.3.3. France Smart Cities Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Smart Utilities
9.3.3.2.2. By Smart Governance
9.3.3.2.3. By Smart Transportation
9.3.3.2.4. By Smart Citizens Service
9.3.4. Spain Smart Cities Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Smart Utilities
9.3.4.2.2. By Smart Governance
9.3.4.2.3. By Smart Transportation
9.3.4.2.4. By Smart Citizens Service
9.3.5. Italy Smart Cities Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Smart Utilities
9.3.5.2.2. By Smart Governance
9.3.5.2.3. By Smart Transportation
9.3.5.2.4. By Smart Citizens Service
10. Middle East & Africa Smart Cities Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Smart Utilities
10.2.2. By Smart Governance
10.2.3. By Smart Transportation
10.2.4. By Smart Citizens Service
10.2.5. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. Saudi Arabia Smart Cities Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Smart Utilities
10.3.1.2.2. By Smart Governance
10.3.1.2.3. By Smart Transportation
10.3.1.2.4. By Smart Citizens Service
10.3.2. UAE Smart Cities Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Smart Utilities
10.3.2.2.2. By Smart Governance
10.3.2.2.3. By Smart Transportation
10.3.2.2.4. By Smart Citizens Service
10.3.3. South Africa Smart Cities Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Smart Utilities
10.3.3.2.2. By Smart Governance
10.3.3.2.3. By Smart Transportation
10.3.3.2.4. By Smart Citizens Service
11. South America Smart Cities Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Smart Utilities
11.2.2. By Smart Governance
11.2.3. By Smart Transportation
11.2.4. By Smart Citizens Service
11.2.5. By Country
11.3. South America: Country Analysis
11.3.1. Brazil Smart Cities Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Smart Utilities
11.3.1.2.2. By Smart Governance
11.3.1.2.3. By Smart Transportation
11.3.1.2.4. By Smart Citizens Service
11.3.2. Argentina Smart Cities Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Smart Utilities
11.3.2.2.2. By Smart Governance
11.3.2.2.3. By Smart Transportation
11.3.2.2.4. By Smart Citizens Service
11.3.3. Colombia Smart Cities Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Smart Utilities
11.3.3.2.2. By Smart Governance
11.3.3.2.3. By Smart Transportation
11.3.3.2.4. By Smart Citizens Service
12. Market Dynamics
12.1. Drivers
12.1.1. Rising Population and urbanization
12.1.2. Increasing Investments in Infrastructure Development
12.1.3. High Demand Across End Users
12.2. Challenges
12.2.1. Significant initial investment required
12.2.2. Rising cases of data theft
13. Market Trends & Developments
13.1. Need for efficient management
13.2. Increasing demand for a healthy environment
13.3. Rising Government Investments
13.4. Government Initiatives
13.5. Merger & Acquisitions
14. Policy & Regulatory Landscape
15. PORTER Analysis
16. Company Profiles (Top 10)
16.1. ABB Limited
16.1.1. Business Overview
16.1.2. Key Revenue and Financials (If Available)
16.1.3. Recent Developments
16.1.4. Key Personnel
16.1.5. Key Product/Services
16.2. AGT International
16.2.1. Business Overview
16.2.2. Key Revenue and Financials (If Available)
16.2.3. Recent Developments
16.2.4. Key Personnel
16.2.5. Key Product/Services
16.3. AVEVA Group Plc
16.3.1. Business Overview
16.3.2. Key Revenue and Financials (If Available)
16.3.3. Recent Developments
16.3.4. Key Personnel
16.3.5. Key Product/Service
16.4. Cisco Systems Inc
16.4.1. Business Overview
16.4.2. Key Revenue and Financials (If Available)
16.4.3. Recent Developments
16.4.4. Key Personnel
16.4.5. Key Product/Service
16.5. Honeywell International Inc
16.5.1. Business Overview
16.5.2. Key Revenue and Financials (If Available)
16.5.3. Recent Developments
16.5.4. Key Personnel
16.5.5. Key Product/Services
16.6. International Business Machines Corporation
16.6.1. Business Overview
16.6.2. Key Revenue and Financials (If Available)
16.6.3. Recent Developments
16.6.4. Key Personnel
16.6.5. Key Product/Services
16.7. Itron Inc
16.7.1. Business Overview
16.7.2. Key Revenue and Financials (If Available)
16.7.3. Recent Developments
16.7.4. Key Personnel
16.7.5. Key Product/Services
16.8. KAPSCH Group
16.8.1. Business Overview
16.8.2. Key Revenue and Financials (If Available)
16.8.3. Recent Developments
16.8.4. Key Personnel
16.8.5. Key Product/Services
16.9. Huawei Technologies Co Ltd
16.9.1. Business Overview
16.9.2. Key Revenue and Financials (If Available)
16.9.3. Recent Developments
16.9.4. Key Personnel
16.9.5. Key Product/Services
16.10. Microsoft Corporation
16.10.1. Business Overview
16.10.2. Key Revenue and Financials (If Available)
16.10.3. Recent Developments
16.10.4. Key Personnel
16.10.5. Key Product/Services
16.11. Oracle Corporation
16.11.1. Business Overview
16.11.2. Key Revenue and Financials (If Available)
16.11.3. Recent Developments
16.11.4. Key Personnel
16.11.5. Key Product/Services
16.12. Osram Gmbh
16.12.1. Business Overview
16.12.2. Key Revenue and Financials (If Available)
16.12.3. Recent Developments
16.12.4. Key Personnel
16.12.5. Key Product/Services
16.13. SAP SE
16.13.1. Business Overview
16.13.2. Key Revenue and Financials (If Available)
16.13.3. Recent Developments
16.13.4. Key Personnel
16.13.5. Key Product/Services
16.14. Schneider Electric SE
16.14.1. Business Overview
16.14.2. Key Revenue and Financials (If Available)
16.14.3. Recent Developments
16.14.4. Key Personnel
16.14.5. Key Product/Services
16.15. Siemens AG
16.15.1. Business Overview
16.15.2. Key Revenue and Financials (If Available)
16.15.3. Recent Developments
16.15.4. Key Personnel
16.15.5. Key Product/Services
16.16. Telensa
16.16.1. Business Overview
16.16.2. Key Revenue and Financials (If Available)
16.16.3. Recent Developments
16.16.4. Key Personnel
16.16.5. Key Product/Services
16.17. Verizon
16.17.1. Business Overview
16.17.2. Key Revenue and Financials (If Available)
16.17.3. Recent Developments
16.17.4. Key Personnel
16.17.5. Key Product/Services
17. Strategic Recommendations
17.1. Key focus on North America Region
17.2. Key focus towards Smart Transportation Segment
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