Smart Cities Market

Global Smart Cities Market by Smart Transportations (Components [Solutions {Smart Ticketing, Traffic Management, Parking Management, Traffic Surveillance, Passenger Information, Connected Logistics, and Other Solutions} and Services {Consulting, Deployment & Integration and Infrastructure Monitoring and Management}, and Types [Roadways, Railways, and Airways]), Smart Buildings ({Components [Solutions (Building Infrastructure Management [Parking Management System, Smart Water Management System, and Elevators & Escalators Management System] Safety & Security Management [Access Control System, Video Surveillance System, and Safety System], Energy Management [HVAC System and Lighting System], Network Management & Integrated Workplace Management System] and Services [Consulting, Deployment & Integration, and Infrastructure Monitoring & Management])] and Types [Residential, Commercial, and Industrial]}), Smart Utilities ([ Components (Solutions [Advanced Metering Infrastructure (Meter Data Management, Meter Data An

  • Report ID: ICT-SE-2860
  • Author: Growth Market Reports
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  • No. Of Pages: 182
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The global smart cities market is anticipated to expand at a substantial CAGR during the forecast period, between 2021 and 2028. The smart cities concept has gained traction as a result of the growing awareness of ’smart everything’, which is largely due to all intermediary technologies. A smart city is well-connected and uses various information and communication technologies to share information and improve the quality of government services and citizen welfare. This technology has been widely adopted in the recent years to improve public safety, which can range from monitoring high-crime areas to improving emergency preparedness using sensors, among other things.

Smart Cities Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities

  • Use of techniques for energy consumption reduction and rising concern about the proliferation of environmental wastes are major factors boosting the market.
  • Increasing demand for sustainable infrastructure as a result of population growth and rising trend of urbanization in developing nations is a key driver of the market.
  • Proactive government policies for smart cities initiatives, rising demand for better infrastructure facilities, and rising desire for high quality of life present key aspects of the market expansion.
  • High initial cost for infrastructure development and high maintenance cost are major challenges that can impede the market expansion in the coming years.
  • Technological leveraging such as integration of Artificial Intelligence (AI) using Internet of Things (IoT) is likely to open up new opportunities for various developments in terms of autonomous vehicles, adaptive energy systems, and smart healthcare.

Scope of the report:

The report on the global smart cities market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Smart Cities Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Smart Transportations (Components [Solutions {Smart Ticketing, Traffic Management, Parking Management, Traffic Surveillance, Passenger Information, Connected Logistics, and Other Solutions} and Services {Consulting, Deployment & Integration and Infrastructure Monitoring and Management}, and Types [Roadways, Railways, and Airways]), Smart Buildings ({Components [Solutions (Building Infrastructure Management [Parking Management System, Smart Water Management System, and Elevators & Escalators Management System] Safety & Security Management [Access Control System, Video Surveillance System, and Safety System], Energy Management [HVAC System and Lighting System], Network Management & Integrated Workplace Management System] and Services [Consulting, Deployment & Integration, and Infrastructure Monitoring & Management])] and Types [Residential, Commercial, and Industrial]}), Smart Utilities ([ Components (Solutions [Advanced Metering Infrastructure (Meter Data Management, Meter Data Analytics, Smart Meters, and Others) Distributed Management System, Substation Automation, and Other Solutions]) (Services [Consulting, Deployment & Integration, and Infrastructure Monitoring & Management])Types (Energy, Gas, Water, and Other types)]), Smart Citizen Services (Smart Healthcare [Medical Devices, System and Software, and Services], Smart Education [Solutions, and Services], Smart Public Safety[Solutions, and Services], Smart Street Lighting [Software, and Services], and E-Governance [Solutions, and Services])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cisco; IBM; Siemens; Microsoft; Hitachi; Schneider Electric; Huawei; Intel; NEC; ABB; Ericsson; Itron; Oracle; Fujitsu; Honeywell; and TCS

 

Smart Cities Market Segment Insights

Components segment to register a high CAGR

Based on smart transportations, the market is bifurcated into components and types. The components segment is further bifurcated into solutions and services. Furthermore, the solutions segment is sub-classified as smart ticketing, traffic management, parking management, traffic surveillance, passenger information, connected logistics, and other solutions. The services segment is further categorized as consulting, deployment & integration, and infrastructure monitoring & management. Meanwhile, the types segment is sub-divided into roadways, railways, and airways. The components segment is expected to register a high CAGR during the forecast period owing to wide adoption of the transportation type for several smart services. The major applications of smart transportation include industry design, engineer, and develop customized products based on user needs. Moreover, the segment growth is further accelerated due to wide integration service to assist end-users in integrating smart infrastructure solutions with their existing infrastructure and saving money by reducing solution deployment time.

Smart Cities Market by transportation

Strong safety performance drives the component segment

In terms of smart buildings, the global smart cities market is divided into components and types. The components segment is further bifurcated into solutions and services. The solutions segment is further classified as building infrastructure management, Safety & Security management, energy management, network management, and integrated workplace management system. The building infrastructure management segment is sub-categorized as parking management system, smart water management system, and elevators and escalators management system. The safety & security management segment is segmented into access control system, video surveillance system, and safety system. Furthermore, the energy management segment is further bifurcated into HVAC system and lighting system while the services segment consists of consulting, deployment & integration, and infrastructure monitoring & management. Meanwhile, the types segment is sub-categorized as residential, commercial, and industrial.

The components segment is projected to dominate the market during the forecast period owing to major factors such as strong safety performance, high cost savings, reducing accidents, increased business efficiency, and improved public image. Additionally, the segment growth is further driven by easier access to finance, increased regulatory compliance, increased confidence, and increased corporate and social responsibility.

Smart Cities Market by smart buildings

Types segment is expected to grow at a rapid pace

On the basis of smart utilities, the market is segmented into components and types. The components segment is further bifurcated into solutions and services. The solutions segment is further categorized as advanced metering infrastructure, distributed management system, substation automation, and other solutions. Furthermore, the advance metering infrastructure segment is fragmented into meter data management, meter data analytics, smart meters, and others. The services segment is further classified as consulting, deployment & integration, and infrastructure monitoring & management. Additionally, the types segment is segmented into energy, gas, water, and other types.

The types segment is expected to grow at a rapid pace during the forecast period due to wide consumption of energy and other resources for the development of smart cities. However, the components segment is expected to constitute a key market share owing to availability of various services including infrastructure monitoring & management and others. These services enable utility companies to provide critical services to thousands of customers in a secure and reliable manner, regardless of their location. Using the mobile workforce and surveillance systems, a utility company can keep an eye on all of its assets and protect them from theft or damage. The service provides real-time, high-precision information on the entire infrastructure, regardless of environmental conditions.

E-governance segment is projected to hold significant market share

On the basis smart citizen services, the global smart cities market is segregated into smart healthcare, smart education, smart public safety, smart street lighting, and e-governance. The smart healthcare segment is further classified as medical devices, system and software, and services. All these segments including smart education, smart public safety, smart street lighting, and e-governance are bifurcated into solutions and services.

The e-governance segment is anticipated to hold significant market share during the projected period owing to wide implementation of smart infrastructure for monitoring and managing public assets, transportation systems, citizens, civil bodies, and other community services. These are critical components of developing a smart city mission. Growing concerns about public safety & security are encouraging the use of video management systems and IP cameras all over the world, fueling the growth of the city surveillance segment in the e-governance segment.

Asia Pacific market is expected to exhibit a robust growth rate

In terms of regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to exhibit a robust growth rate in the coming years owing to massive government initiatives to promote digital infrastructure and increasing the adoption of smart city solutions. The regional market growth is further attributed to rapid economic development, globalization, digitalization, and increase in proliferation of smartphones. Additionally, rising investment by major vendors in the telecom infrastructure, 5G deployments, and initiatives undertaken by major players to address and expand telecom communication play key roles for the market growth in the region.

Segments

Segments Covered in the Report

By Smart Transportations

  • By Components
    • Solutions
      • Smart Ticketing
      • Traffic Management
      • Parking Management
      • Traffic Surveillance
      • Passenger Information
      • Connected Logistics
      • Other solutions
    • Services
      • Consulting
      • Deployment & Integration
      • Infrastructure Monitoring & Management
  • By Types
    • Roadways
    • Railways
    • Airways
Smart Buildings
  • By Components
    • Solutions
      • Building Infrastructure Management
        • Parking Management System
        • Smart Water Management System
        • Elevators and Escalators Management System
      • Safety & Security Management
        • Access Control System
        • Video Surveillance System
        • Safety System
      • Energy Management
        • HVAC system
        • Lighting System
      • Network Management
      • Integrated Workplace Management System
    • Services
      • Consulting
      • Deployment & Integration
      • Infrastructure Monitoring & Management
  • By Types
    • Residential
    • Commercial
    • Industrial
Smart Utilities
  • By Components
    • Solutions
      • Advanced Metering Infrastructure
        • Meter Data Management
        • Meter Data Analytics
        • Smart Meters
        • Others
      • Distributed Management System
      • Substation Automation
      • Other Solutions
    • Services
      • Consulting
      • Deployment & Integration
      • Infrastructure Monitoring & Management
  • By Types
    • Energy
    • Gas
    • Water
    • Other types
Smart Citizen Services
  • Smart Healthcare
    • Medical Devices
    • System and Software
    • Services
  • Smart Education
    • Solutions
    • Services
  • Smart Public Safety
    • Solutions
    • Services
  • Smart Street Lighting
    • Software
    • Services
  • E-Governance
    • Solutions
    • Services
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • Cisco
  • IBM
  • Siemens
  • Microsof
  • Hitachi
  • Schneider Electric
  • Huawei
  • Intel
  • NEC
  • ABB
  • Ericsson
  • Itron
  • Oracle
  • Fujitsu
  • Honeywell
  • TCS

Competitive Landscape

Key players in the global smart cities market are Cisco; IBM; Siemens; Microsoft; Hitachi; Schneider Electric; Huawei; Intel; NEC; ABB; Ericsson; Itron; Oracle; Fujitsu; Honeywell; and TCS. These players have widely engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Smart Cities Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Cities Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Cities Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Cities Market - Supply Chain
  4.5. Global Smart Cities Market Forecast
     4.5.1. Smart Cities Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Cities Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Cities Market Absolute $ Opportunity
5. Global Smart Cities Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Smart Cities Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Smart Cities Demand Share Forecast, 2019-2026
6. North America Smart Cities Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Smart Cities Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Smart Cities Demand Share Forecast, 2019-2026
7. Latin America Smart Cities Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Smart Cities Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Smart Cities Demand Share Forecast, 2019-2026
8. Europe Smart Cities Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Smart Cities Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Smart Cities Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Cities Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Smart Cities Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Smart Cities Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Cities Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Smart Cities Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Smart Cities Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Smart Cities Market: Market Share Analysis
  11.2. Smart Cities Distributors and Customers
  11.3. Smart Cities Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cisco
     11.4.2. IBM
     11.4.3. Siemens
     11.4.4. Microsof
     11.4.5. Hitachi
     11.4.6. Schneider Electric
     11.4.7. Huawei
     11.4.8. Intel

Segments Covered in the Report

By Smart Transportations

  • By Components
    • Solutions
      • Smart Ticketing
      • Traffic Management
      • Parking Management
      • Traffic Surveillance
      • Passenger Information
      • Connected Logistics
      • Other solutions
    • Services
      • Consulting
      • Deployment & Integration
      • Infrastructure Monitoring & Management
  • By Types
    • Roadways
    • Railways
    • Airways
Smart Buildings
  • By Components
    • Solutions
      • Building Infrastructure Management
        • Parking Management System
        • Smart Water Management System
        • Elevators and Escalators Management System
      • Safety & Security Management
        • Access Control System
        • Video Surveillance System
        • Safety System
      • Energy Management
        • HVAC system
        • Lighting System
      • Network Management
      • Integrated Workplace Management System
    • Services
      • Consulting
      • Deployment & Integration
      • Infrastructure Monitoring & Management
  • By Types
    • Residential
    • Commercial
    • Industrial
Smart Utilities
  • By Components
    • Solutions
      • Advanced Metering Infrastructure
        • Meter Data Management
        • Meter Data Analytics
        • Smart Meters
        • Others
      • Distributed Management System
      • Substation Automation
      • Other Solutions
    • Services
      • Consulting
      • Deployment & Integration
      • Infrastructure Monitoring & Management
  • By Types
    • Energy
    • Gas
    • Water
    • Other types
Smart Citizen Services
  • Smart Healthcare
    • Medical Devices
    • System and Software
    • Services
  • Smart Education
    • Solutions
    • Services
  • Smart Public Safety
    • Solutions
    • Services
  • Smart Street Lighting
    • Software
    • Services
  • E-Governance
    • Solutions
    • Services
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • Cisco
  • IBM
  • Siemens
  • Microsof
  • Hitachi
  • Schneider Electric
  • Huawei
  • Intel
  • NEC
  • ABB
  • Ericsson
  • Itron
  • Oracle
  • Fujitsu
  • Honeywell
  • TCS

Key players in the global smart cities market are Cisco; IBM; Siemens; Microsoft; Hitachi; Schneider Electric; Huawei; Intel; NEC; ABB; Ericsson; Itron; Oracle; Fujitsu; Honeywell; and TCS. These players have widely engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Smart Cities Market by key players

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