The Global Smart Cities Market is expected to reach $1,218.23 billion by 2027 growing at a CAGR of 16.8% from 2020 to 2027. A smart city is a well-connected city that deploys various information and communication technologies to share information among the public and improve the quality of government services as well as citizen welfare.
Factors such rapidly growing urban population and the rising adoption of artificial intelligence (AI) and the internet of things (IoT) are driving the growth of the market. However, the security concerns related to IoT and smart devices are restraining the growth of the market.
Based on the solution, the smart transportation segment is going to have lucrative growth during the forecast period due to the increasing government initiatives to improve public transportation systems and the consumption and generation of renewable energy. Governing bodies across the globe are focusing on developing their infrastructure in line with technological advancements.
The key vendors mentioned are ABB Ltd, Cisco Systems Inc., Emerson Electric Co., Ericsson Inc., General Electric Co., Hitachi Ltd, Honeywell International Inc., Huawei Technologies Co. Ltd, IBM Corporation, Koninklijke Philips NV, Nokia Corporation , Schneider Electric SE, and Siemens AG.
Solutions Covered:
• Administration Solutions
• Environmental Solution
• e-Governance
• Environmental Solutions
• Industrial Automation
• Information Technology
• Smart Building & Homes
• Smart Education
• Smart Energy Management
• Smart Healthcare
• Smart Homes
• Smart Infrastructure
• Smart Advertising
• Smart Mobility Management
• Smart Public Safety
• Smart Security & Disaster Management
• Smart Street Lighting
• Smart Transportation
• Smart Utilities
• Smart Waste Management
• Smart Water Network System
• Smart Governance City Surveillance
• Smart Citizen Services
• Smart Public Safety
• Social Programs Solutions
• Telecom
• City/ Urban Planning Solutions
Backgrounds Covered:
• Human Aspects
• Institutional Aspects
• Technology Aspects
Components Covered:
• Hardware
• Software
• Service
Technologies Covered:
• City Guide App
• Crisis Response System
• Open-Data Initiatives
• Parking Apps
• Real-Time Information
• Sharing Economy
• Wi-Fi (Wireless Fidelity)
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Cities Market, By Solution
5.1 Introduction
5.2 Administration Solutions
5.3 Environmental Solution
5.4 e-Governance
5.5 Environmental Solutions
5.6 Industrial Automation
5.7 Information Technology
5.8 Smart Building & Homes
5.9 Smart Education
5.10 Smart Energy Management
5.11 Smart Healthcare
5.12 Smart Homes
5.13 Smart Infrastructure
5.14 Smart Advertising
5.15 Smart Mobility Management
5.16 Smart Public Safety
5.17 Smart Security & Disaster Management
5.18 Smart Street Lighting
5.19 Smart Transportation
5.20 Smart Utilities
5.21 Smart Waste Management
5.22 Smart Water Network System
5.23 Smart Governance City Surveillance
5.24 Smart Citizen Services
5.25 Smart Public Safety
5.26 Social Programs Solutions
5.27 Telecom
5.28 City/ Urban Planning Solutions
6 Global Smart Cities Market, By Background
6.1 Introduction
6.2 Human Aspects
6.3 Institutional Aspects
6.4 Technology Aspects
7 Global Smart Cities Market, By Component
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Service
8 Global Smart Cities Market, By Technology
8.1 Introduction
8.2 City Guide App
8.3 Crisis Response System
8.4 Open-Data Initiatives
8.5 Parking Apps
8.6 Real-Time Information
8.7 Sharing Economy
8.8 Wi-Fi (Wireless Fidelity)
9 Global Smart Cities Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 ABB Ltd
11.2 Cisco Systems Inc.
11.3 Emerson Electric Co.
11.4 Ericsson Inc.
11.5 General Electric Co.
11.6 Hitachi Ltd
11.7 Honeywell International Inc.
11.8 Huawei Technologies Co. Ltd
11.9 IBM Corporation
11.10 Koninklijke Philips NV
11.11 Nokia Corporation
11.12 Schneider Electric SE
11.13 Siemens AG
List of Data Tables
1 Global Smart Cities Market Outlook, By Region (2019-2027) ($MN)
2 Global Smart Cities Market Outlook, By Solution (2019-2027) ($MN)
3 Global Smart Cities Market Outlook, By Administration Solutions (2019-2027) ($MN)
4 Global Smart Cities Market Outlook, By Environmental Solution (2019-2027) ($MN)
5 Global Smart Cities Market Outlook, By e-Governance (2019-2027) ($MN)
6 Global Smart Cities Market Outlook, By Environmental Solutions (2019-2027) ($MN)
7 Global Smart Cities Market Outlook, By Industrial Automation (2019-2027) ($MN)
8 Global Smart Cities Market Outlook, By Information Technology (2019-2027) ($MN)
9 Global Smart Cities Market Outlook, By Smart Building & Homes (2019-2027) ($MN)
10 Global Smart Cities Market Outlook, By Smart Education (2019-2027) ($MN)
11 Global Smart Cities Market Outlook, By Smart Energy Management (2019-2027) ($MN)
12 Global Smart Cities Market Outlook, By Smart Healthcare (2019-2027) ($MN)
13 Global Smart Cities Market Outlook, By Smart Homes (2019-2027) ($MN)
14 Global Smart Cities Market Outlook, By Smart Infrastructure (2019-2027) ($MN)
15 Global Smart Cities Market Outlook, By Smart Advertising (2019-2027) ($MN)
16 Global Smart Cities Market Outlook, By Smart Mobility Management (2019-2027) ($MN)
17 Global Smart Cities Market Outlook, By Smart Public Safety (2019-2027) ($MN)
18 Global Smart Cities Market Outlook, By Smart Security & Disaster Management (2019-2027) ($MN)
19 Global Smart Cities Market Outlook, By Smart Street Lighting (2019-2027) ($MN)
20 Global Smart Cities Market Outlook, By Smart Transportation (2019-2027) ($MN)
21 Global Smart Cities Market Outlook, By Smart Utilities (2019-2027) ($MN)
22 Global Smart Cities Market Outlook, By Smart Waste Management (2019-2027) ($MN)
23 Global Smart Cities Market Outlook, By Smart Water Network System (2019-2027) ($MN)
24 Global Smart Cities Market Outlook, By Smart Governance City Surveillance (2019-2027) ($MN)
25 Global Smart Cities Market Outlook, By Smart Citizen Services (2019-2027) ($MN)
26 Global Smart Cities Market Outlook, By Smart Public Safety (2019-2027) ($MN)
27 Global Smart Cities Market Outlook, By Social Programs Solutions (2019-2027) ($MN)
28 Global Smart Cities Market Outlook, By Telecom (2019-2027) ($MN)
29 Global Smart Cities Market Outlook, By City/ Urban Planning Solutions (2019-2027) ($MN)
30 Global Smart Cities Market Outlook, By Background (2019-2027) ($MN)
31 Global Smart Cities Market Outlook, By Human Aspects (2019-2027) ($MN)
32 Global Smart Cities Market Outlook, By Institutional Aspects (2019-2027) ($MN)
33 Global Smart Cities Market Outlook, By Technology Aspects (2019-2027) ($MN)
34 Global Smart Cities Market Outlook, By Component (2019-2027) ($MN)
35 Global Smart Cities Market Outlook, By Hardware (2019-2027) ($MN)
36 Global Smart Cities Market Outlook, By Software (2019-2027) ($MN)
37 Global Smart Cities Market Outlook, By Service (2019-2027) ($MN)
38 Global Smart Cities Market Outlook, By Technology (2019-2027) ($MN)
39 Global Smart Cities Market Outlook, By City Guide App (2019-2027) ($MN)
40 Global Smart Cities Market Outlook, By Crisis Response System (2019-2027) ($MN)
41 Global Smart Cities Market Outlook, By Open-Data Initiatives (2019-2027) ($MN)
42 Global Smart Cities Market Outlook, By Parking Apps (2019-2027) ($MN)
43 Global Smart Cities Market Outlook, By Real-Time Information (2019-2027) ($MN)
44 Global Smart Cities Market Outlook, By Sharing Economy (2019-2027) ($MN)
45 Global Smart Cities Market Outlook, By Wi-Fi (Wireless Fidelity) (2019-2027) ($MN)
46 North America Smart Cities Market Outlook, By Solution (2019-2027) ($MN)
47 North America Smart Cities Market Outlook, By Background (2019-2027) ($MN)
48 North America Smart Cities Market Outlook, By Component (2019-2027) ($MN)
49 North America Smart Cities Market Outlook, By Technology (2019-2027) ($MN)
50 Europe Smart Cities Market Outlook, By Solution (2019-2027) ($MN)
51 Europe Smart Cities Market Outlook, By Background (2019-2027) ($MN)
52 Europe Smart Cities Market Outlook, By Component (2019-2027) ($MN)
53 Europe Smart Cities Market Outlook, By Technology (2019-2027) ($MN)
54 Asia Pacific Smart Cities Market Outlook, By Solution (2019-2027) ($MN)
55 Asia Pacific Smart Cities Market Outlook, By Background (2019-2027) ($MN)
56 Asia Pacific Smart Cities Market Outlook, By Component (2019-2027) ($MN)
57 Asia Pacific Smart Cities Market Outlook, By Technology (2019-2027) ($MN)
58 South America Smart Cities Market Outlook, By Solution (2019-2027) ($MN)
59 South America Smart Cities Market Outlook, By Background (2019-2027) ($MN)
60 South America Smart Cities Market Outlook, By Component (2019-2027) ($MN)
61 South America Smart Cities Market Outlook, By Technology (2019-2027) ($MN)
62 Middle East & Africa Smart Cities Market Outlook, By Solution (2019-2027) ($MN)
63 Middle East & Africa Smart Cities Market Outlook, By Background (2019-2027) ($MN)
64 Middle East & Africa Smart Cities Market Outlook, By Component (2019-2027) ($MN)
65 Middle East & Africa Smart Cities Market Outlook, By Technology (2019-2027) ($MN)