Product Code: 978-1-68038-270-9
Smart Cities Market Growth & Trends:
The global smart cities market size is expected to reach USD 6,965.02 billion by 2030, registering a CAGR of 24.2% over the forecast period, according to a new report by Grand View Research, Inc. The concept of smart cities is gaining popularity due to rapid urbanization and favorable government initiatives worldwide. Therefore, with growing urbanization, the need to manage infrastructure and assets is prompting countries across the world to invest in smart city projects. Furthermore, the increasing investment in sustainable and green technologies has further contributed to the adoption of these technologies by smart cities around the world.
Additionally, the growing adoption of electric vehicles has also created a demand for the development of advanced charging infrastructure in cities worldwide. Integrating electric vehicles in smart cities may create such benefits by providing energy storage and creating new revenue streams from electric vehicles batteries. Moreover, the growing adoption of electric vehicles is expected to pave the way to green mobility with zero carbon emissions.
The market is currently witnessing high investment for smart security, smart metering for water and utilities, smart mobility, and integrated traffic management systems. Most technologically advanced cities use IoT platforms to monitor city infrastructure, manage everything from traffic flows and parking to water and air quality, and use the resulting smart data generated to handle longer-term decisions around environmental sustainability. The increase in traffic congestion and greenhouse gas emissions is driving the adoption of smart mobility and efficient energy management applications.
The market covers several sectors such as transport, water, healthcare, assisted living, energy, and security. The cost incurred in the transformation of the existing infrastructure acts as a deterrent for governments to continue large-scale investments to establish different sectors and departments for efficient smart city implementation which may hinder the market growth. The lack of awareness among people is also a major factor for the slow development of smart cities, as it causes ignorance about smart city projects and lowers the level of impulsion by the government to implement smart solutions for cities.
However, investing in smart cities will lead to improving the regional and global competitiveness to attract new residents and improve business and allow the government bodies to make informed decisions with the available technologies, which can lead to economic development.
Smart Cities Market Report Highlights:
The smart utilities segment is expected to witness a considerable CAGR of 22.9% over the forecast period, owing to the increasing investments in smart grid systems around the world. Governments around the world are pushing for the deployment of Advanced Metering Infrastructure (AMI), to automate the existing operations and push technological growth. With smart grid systems offering high efficiency and helping in cost-saving, there is a positive impact on the growth of smart meters
The smart infrastructure segment is anticipated to register a CAGR of 24.3% over the forecast period. The rise in rigid industry standards and regulations and the growing focus on efficient energy consumption are the key factors driving the segment. For instance, in June 2021, Endeavor Business Media, LLC announced the launch of smart building technology that will bring integrated intelligence to new constructions and existing commercial buildings. This technological development will offer support to the latest communication systems, intelligent building systems, health and safety of tenants, and will reduce energy consumption
The waste management segment accounted for a market share of over 20% in 2021. Several waste management companies are deploying sensors, network infrastructure, and data visualization platforms, to generate actionable insights and make informed decisions about route optimization and analytics
The smart ticketing and travel assistance segment is expected to witness a significant CAGR of 23.4% over the forecast period. The growing adoption of new technologies in the smart ticketing market such as Near Field Communication (NFC), Radio Frequency Identification (RFID), Quick Response (QR) code, and local wireless ticketing enables the key players to offer smart solutions across several sectors including, transportation, BFSI, and healthcare
The Asia Pacific regional market is expected to register the fastest CAGR of 27.7% over the forecast period, owing to the rapid economic developments, globalization, digitalization, and the increased proliferation of smartphones. A large number of 5G deployments and initiatives taken by major Asian mobile operators to resolve the problem of high bandwidth requirements are anticipated to drive the growth
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumption
- 1.2.1 Purchased database
- 1.2.2 GVR's internal database
- 1.2.3 List of Secondary Sources
- 1.2.4 Primary research
- 1.3 List of Data Sources
- 1.4 Market Formulation & Publishing
- 1.5 Data Validation & Publishing
- 1.6 List of Abbreviations
Chapter 2 Executive Summary
- 2.1 Smart Cities Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Global Smart Cities Market, 2017 - 2030
- 2.2.1 Smart cities market, by region, 2017 - 2030
- 2.2.2 Smart cities market, by application, 2017 - 2030
- 2.2.3 Smart cities market, by smart governance, 2017 - 2030
- 2.2.4 Smart cities market, by smart utilities, 2017 - 2030
- 2.2.5 Smart cities market, by smart transportation, 2017 - 2030
Chapter 3 Smart Cities Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size and Growth Prospects
- 3.3 Smart Cities Market - Value Chain Analysis
- 3.4 Smart Cities Market-Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.2 Market challenge analysis
- 3.5 Penetration and Growth Prospect Mapping
- 3.6 Smart Cities Market - Porter's Five Forces Analysis
- 3.7 Smart Cities Market - PESTEL Analysis
- 3.8 Smart Cities Market - COVID-19 Impact Analysis
Chapter 4 Smart Cities Application Outlook
- 4.1 Smart Cities Market Share By Application, 2021
- 4.2 Smart Governance
- 4.2.1 Smart governance market, 2017 - 2030
- 4.3 Smart Building
- 4.3.1 Smart building market, 2017 - 2030
- 4.4 Environmental Solution
- 4.4.1 Environmental solution market, 2017 - 2030
- 4.5 Smart Utilities
- 4.5.1 Smart utilities market, 2017 - 2030
- 4.6 Smart Transportation
- 4.6.1 Smart transportation market, 2017 - 2030
- 4.7 Smart Healthcare
- 4.7.1 Smart healthcare market, 2017 - 2030
Chapter 5 Smart Cities by Smart Governance Model Outlook
- 5.1 Smart Cities Market Share By Smart Governance, 2021
- 5.2 City Surveillance
- 5.2.1 City Surveillance market, 2017 - 2030
- 5.3 CCS
- 5.3.1 CCS market, 2017 - 2030
- 5.4 E-governance
- 5.4.1 E-governance market, 2017 - 2030
- 5.5 Smart Lightning
- 5.5.1 Smart Lightning market, 2017 - 2030
- 5.6 Smart Infrastructure
- 5.6.1 Smart Infrastructure market, 2017 - 2030
Chapter 6 Smart Cities by Smart Utilities Outlook
- 6.1 Smart Cities Market Share By Smart Utilities, 2021
- 6.2 Energy Management
- 6.2.1 Energy Management market, 2017 - 2030
- 6.3 Water Management
- 6.3.1 Water Management market, 2017 - 2030
- 6.4 Waste Management
- 6.4.1 Waste Management market, 2017 - 2030
Chapter 7 Smart Cities by Smart Transportation Outlook
- 7.1 Smart Cities Market Share By Smart Transportation, 2021
- 7.2 Intelligent Transportation System Market
- 7.2.1 Intelligent Transportation System market, 2017 - 2030
- 7.3 Parking Management
- 7.3.1 Parking market, 2017 - 2030
- 7.4 Smart Ticketing & Travel Assistance
- 7.4.1 Smart Ticketing & Travel Assistance market, 2017 - 2030
Chapter 8 Smart Cities Regional Outlook
- 8.1 Smart Cities Market Share by Region, 2021
- 8.2 North America
- 8.2.1 North America smart cities market, 2017 - 2030
- 8.2.2 North America smart cities market, by application, 2017 - 2030
- 8.2.3 North America smart cities market, by smart governance, 2017 - 2030
- 8.2.4 North America smart cities market, by smart utilities, 2017 - 2030
- 8.2.5 North America smart cities market, by smart transportation, 2017 - 2030
- 8.2.6 U.S.
- 8.2.6.1 U.S. smart cities market, 2017 - 2030
- 8.2.6.2 U.S. smart cities market, by application, 2017 - 2030
- 8.2.6.3 U.S. smart cities market, by smart governance, 2017 - 2030
- 8.2.6.4 U.S. smart cities market, by smart utilities, 2017 - 2030
- 8.2.6.5 U.S. smart cities market, by smart transportation, 2017 - 2030
- 8.2.7 Canada
- 8.2.7.1 Canada smart cities market, 2017 - 2030
- 8.2.7.2 Canada smart cities market, by application, 2017 - 2030
- 8.2.7.3 Canada smart cities market, by smart governance, 2017 - 2030
- 8.2.7.4 Canada smart cities market, by smart utilities, 2017 - 2030
- 8.2.7.5 Canada smart cities market, by smart transportation, 2017 - 2030
- 8.3 Europe
- 8.3.1 Europe smart cities market, 2017 - 2030
- 8.3.2 Europe smart cities market, by application, 2017 - 2030
- 8.3.3 Europe smart cities market, by smart governance, 2017 - 2030
- 8.3.4 Europe smart cities market, by smart utilities, 2017 - 2030
- 8.3.5 Europe smart cities market, by smart transportation, 2017 - 2030
- 8.3.6 Germany
- 8.3.6.1 Germany smart cities market, 2017 - 2030
- 8.3.6.2 Germany smart cities market, by application, 2017 - 2030
- 8.3.6.3 Germany smart cities market, by smart governance, 2017 - 2030
- 8.3.6.4 Germany smart cities market, by smart utilities, 2017 - 2030
- 8.3.6.5 Germany smart cities market, by smart transportation, 2017 - 2030
- 8.3.6.6 Germany smart cities market, by governance model, 2017 - 2030
- 8.3.7 France
- 8.3.7.1 France smart cities market, 2017 - 2030
- 8.3.7.2 France smart cities market, by application, 2017 - 2030
- 8.3.7.3 France smart cities market, by smart governance, 2017 - 2030
- 8.3.7.4 France smart cities market, by smart utilities, 2017 - 2030
- 8.3.7.5 France smart cities market, by smart transportation, 2017 - 2030
- 8.3.8 U.K.
- 8.3.8.1 U.K. smart cities market, 2017 - 2030
- 8.3.8.2 U.K. smart cities market, by application, 2017 - 2030
- 8.3.8.3 U.K. smart cities market, by smart governance, 2017 - 2030
- 8.3.8.4 U.K. smart cities market, by smart utilities, 2017 - 2030
- 8.3.8.5 U.K. smart cities market, by smart transportation, 2017 - 2030
- 8.3.9 Italy
- 8.3.9.1 Italy smart cities market, 2017 - 2030
- 8.3.9.2 Italy smart cities market, by application, 2017 - 2030
- 8.3.9.3 Italy smart cities market, by smart governance, 2017 - 2030
- 8.3.9.4 Italy smart cities market, by smart utilities, 2017 - 2030
- 8.3.9.5 Italy smart cities market, by smart transportation, 2017 - 2030
- 8.3.10 Spain
- 8.3.10.1 Spain smart cities market, 2017 - 2030
- 8.3.10.2 Spain smart cities market, by application, 2017 - 2030
- 8.3.10.3 Spain smart cities market, by smart governance, 2017 - 2030
- 8.3.10.4 Spain smart cities market, by smart utilities, 2017 - 2030
- 8.3.10.5 Spain smart cities market, by smart transportation, 2017 - 2030
- 8.3.11 Russia
- 8.3.11.1 Russia smart cities market, 2017 - 2030
- 8.3.11.2 Russia smart cities market, by application, 2017 - 2030
- 8.3.11.3 Russia smart cities market, by smart governance, 2017 - 2030
- 8.3.11.4 Russia smart cities market, by smart utilities, 2017 - 2030
- 8.3.11.5 Russia smart cities market, by smart transportation, 2017 - 2030
- 8.3.12 Nordic Region
- 8.3.12.1 Nordic Region smart cities market, 2017 - 2030
- 8.3.12.2 Nordic Region smart cities market, by application, 2017 - 2030
- 8.3.12.3 Nordic Region smart cities market, by smart governance, 2017 - 2030
- 8.3.12.4 Nordic Region smart cities market, by smart utilities, 2017 - 2030
- 8.3.12.5 Nordic Region smart cities market, by smart transportation, 2017 - 2030
- 8.3.13 Eastern Europe
- 8.3.13.1 Eastern Europe smart cities market, 2017 - 2030
- 8.3.13.2 Eastern Europe smart cities market, by application, 2017 - 2030
- 8.3.13.3 Eastern Europe smart cities market, by smart governance, 2017 - 2030
- 8.3.13.4 Eastern Europe smart cities market, by smart utilities, 2017 - 2030
- 8.3.13.5 Eastern Europe smart cities market, by smart transportation, 2017 - 2030
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific smart cities market, 2017 - 2030
- 8.4.2 Asia Pacific smart cities market, by application, 2017 - 2030
- 8.4.3 Asia Pacific smart cities market, by smart governance, 2017 - 2030
- 8.4.4 Asia Pacific smart cities market, by smart utilities, 2017 - 2030
- 8.4.5 Asia Pacific smart cities market, by smart transportation, 2017 - 2030
- 8.4.6 Australia
- 8.4.6.1 Australia smart cities market, 2017 - 2030
- 8.4.6.2 Australia smart cities market, by application, 2017 - 2030
- 8.4.6.3 Australia smart cities market, by smart governance, 2017 - 2030
- 8.4.6.4 Australia smart cities market, by smart utilities, 2017 - 2030
- 8.4.6.5 Australia smart cities market, by smart transportation, 2017 - 2030
- 8.4.7 China
- 8.4.7.1 China smart cities market, 2017 - 2030
- 8.4.7.2 China smart cities market, by application, 2017 - 2030
- 8.4.7.3 China smart cities market, by smart governance, 2017 - 2030
- 8.4.7.4 China smart cities market, by smart utilities, 2017 - 2030
- 8.4.7.5 China smart cities market, by smart transportation, 2017 - 2030
- 8.4.8 India
- 8.4.8.1 India smart cities market, 2017 - 2030
- 8.4.8.2 India smart cities market, by application, 2017 - 2030
- 8.4.8.3 India smart cities market, by smart governance, 2017 - 2030
- 8.4.8.4 India smart cities market, by smart utilities, 2017 - 2030
- 8.4.8.5 India smart cities market, by smart transportation, 2017 - 2030
- 8.4.9 Japan
- 8.4.9.1 Japan smart cities market, 2017 - 2030
- 8.4.9.2 Japan smart cities market, by application, 2017 - 2030
- 8.4.9.3 Japan smart cities market, by smart governance, 2017 - 2030
- 8.4.9.4 Japan smart cities market, by smart utilities, 2017 - 2030
- 8.4.9.5 Japan smart cities market, by smart transportation, 2017 - 2030
- 8.4.10 ASEAN
- 8.4.10.1 ASEAN smart cities market, 2017 - 2030
- 8.4.10.2 ASEAN smart cities market, by application, 2017 - 2030
- 8.4.10.3 ASEAN smart cities market, by smart governance, 2017 - 2030
- 8.4.10.4 ASEAN smart cities market, by smart utilities, 2017 - 2030
- 8.4.10.5 ASEAN smart cities market, by smart transportation, 2017 - 2030
- 8.5 Latin America
- 8.5.1 Latin America smart cities market, 2017 - 2030
- 8.5.2 Latin America smart cities market, by application, 2017 - 2030
- 8.5.3 Latin America smart cities market, by smart governance, 2017 - 2030
- 8.5.4 Latin America smart cities market, by smart utilities, 2017 - 2030
- 8.5.5 Latin America smart cities market, by smart transportation, 2017 - 2030
- 8.5.6 Brazil
- 8.5.6.1 Brazil smart cities market, 2017 - 2030
- 8.5.6.2 Brazil smart cities market, by application, 2017 - 2030
- 8.5.6.3 Brazil smart cities market, by smart governance, 2017 - 2030
- 8.5.6.4 Brazil smart cities market, by smart utilities, 2017 - 2030
- 8.5.6.5 Brazil smart cities market, by smart transportation, 2017 - 2030
- 8.5.7 Mexico
- 8.5.7.1 Mexico smart cities market, 2017 - 2030
- 8.5.7.2 Mexico smart cities market, by application, 2017 - 2030
- 8.5.7.3 Mexico smart cities market, by smart governance, 2017 - 2030
- 8.5.7.4 Mexico smart cities market, by smart utilities, 2017 - 2030
- 8.5.7.5 Mexico smart cities market, by smart transportation, 2017 - 2030
- 8.6 MEA
- 8.6.1 MEA smart cities market, 2017 - 2030
- 8.6.2 MEA smart cities market, by application, 2017 - 2030
- 8.6.3 MEA smart cities market, by smart governance, 2017 - 2030
- 8.6.4 MEA smart cities market, by smart utilities, 2017 - 2030
- 8.6.5 MEA smart cities market, by smart transportation, 2017 - 2030
Chapter 9 Competitive Analysis
- 9.1 Recent Developments and Impact Analysis, by Key Market Participants
- 9.2 Company/Competition Categorization
- 9.3 Vendor Landscape
- 9.3.1 Smart Cities Market: Key Company Market Ranking/Share Analysis, 2021
Chapter 10 Competitive Landscape
- 10.1 ABB Limited
- 10.1.1 Company overview
- 10.1.2 Financial performance
- 10.1.3 Product benchmarking
- 10.1.4 Strategic initiatives
- 10.2 AGT International
- 10.2.1 Company overview
- 10.2.2 Financial performance
- 10.2.3 Product benchmarking
- 10.2.4 Strategic initiatives
- 10.3 AVEVA Group plc
- 10.3.1 Company overview
- 10.3.2 Financial performance
- 10.3.3 Product benchmarking
- 10.3.4 Strategic initiatives
- 10.4 Cisco Systems, Inc.
- 10.4.1 Company overview
- 10.4.2 Financial performance
- 10.4.3 Product benchmarking
- 10.4.4 Strategic initiatives
- 10.5 Ericsson
- 10.5.1 Company overview
- 10.5.2 Financial performance
- 10.5.3 Product benchmarking
- 10.5.4 Strategic initiatives
- 10.6 General Electric
- 10.6.1 Company overview
- 10.6.2 Financial performance
- 10.6.3 Product benchmarking
- 10.6.4 Strategic initiatives
- 10.7 Honeywell International Inc.
- 10.7.1 Company overview
- 10.7.2 Financial performance
- 10.7.3 Product benchmarking
- 10.7.4 Strategic initiatives
- 10.8 International Business Machines Corporation
- 10.8.1 Company overview
- 10.8.2 Financial performance
- 10.8.3 Product benchmarking
- 10.8.4 Strategic initiatives
- 10.9 Itron Inc.
- 10.9.1 Company overview
- 10.9.2 Financial performance
- 10.9.3 Product benchmarking
- 10.9.4 Strategic initiatives
- 10.10 KAPSCH Group
- 10.10.1 Company overview
- 10.10.2 Financial performance
- 10.10.3 Product benchmarking
- 10.10.4 Strategic initiatives
- 10.11 Huawei Technologies Co., Ltd.
- 10.11.1 Company overview
- 10.10.2 Financial performance
- 10.11.3 Product benchmarking
- 10.11.4 Strategic initiatives
- 10.12 Microsoft Corporation
- 10.12.1 Company overview
- 10.12.2 Financial performance
- 10.12.3 Product benchmarking
- 10.12.4 Strategic initiatives
- 10.13 Oracle Corporation
- 10.13.1 Company overview
- 10.13.2 Financial performance
- 10.13.3 Product benchmarking
- 10.13.4 Strategic initiatives
- 10.14 Osram GmbH
- 10.14.1 Company overview
- 10.14.2 Financial performance
- 10.14.3 Product benchmarking
- 10.14.4 Strategic initiatives
- 10.15 SAP SE
- 10.15.1 Company overview
- 10.15.2 Financial performance
- 10.15.3 Product benchmarking
- 10.15.4 Strategic initiatives
- 10.16 Schneider Electric SE
- 10.16.1 Company overview
- 10.16.2 Financial performance
- 10.16.3 Product benchmarking
- 10.16.4 Strategic initiatives
- 10.17 Siemens AG
- 10.17.1 Company overview
- 10.17.2 Financial performance
- 10.17.3 Product benchmarking
- 10.17.4 Strategic initiatives
- 10.18 Telensa
- 10.18.1 Company overview
- 10.18.2 Financial performance
- 10.18.3 Product benchmarking
- 10.18.4 Strategic initiatives
- 10.19 Verizon
- 10.19.1 Company overview
- 10.19.2 Financial performance
- 10.19.3 Product benchmarking
- 10.19.4 Strategic initiatives
- 10.20 Vodafone Group plc
- 10.20.1 Company overview
- 10.20.2 Financial performance
- 10.20.3 Product benchmarking
- 10.20.4 Strategic initiatives