PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1350325
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1350325
Smart Cities Market, By Component, By Application, By Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Global Smart Cities Market size was valued at US$ 559.01 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 15.4% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 638.52 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 15.40% | 2030 Value Projection: | US$ 1,736.65 Bn |
A smart city is a combination of intelligent environments and advanced technology. Smart cities use IT-based devices to develop the city's critical infrastructure. This includes facilities such as smart education, smart buildings, smart transportation, smart water, smart electricity, smart health, smart management, and smart energy. Smart city applications include smart education, smart energy, smart building, smart security, smart transportation, smart healthcare, etc. Smart cities motivate other countries to deploye smart cities initiatives and programmes as they provide improved infrastructure for optimal use of energy. Therefore, these factors are expected to drive the growth of the global smart cities market in the near future. Clean technologies and Cleantech startups offer new products and services that can improve productivity and efficiency while minimizing environmental impact. Many Cleantech start-ups have recognized the growth potential of the global smart cities market and are focusing on developing products and services specifically for smart city applications.
Market Dynamics
The smart city market is characterized by dynamic and diverse factors affecting its growth and development. Rapid technological advancements in areas such as IoT, AI, and data analytics will continuously drive innovation and enable the integration of smart solutions across different urban sectors. Government initiatives and public-private partnerships play a central role in financing and implementing smart city projects. In addition, growing awareness of environmental sustainability and the need to improve urban resilience is increasing the demand for smart city technologies. However, challenges such as high up-front costs, privacy concerns, and the need for interoperability between different systems remain major hurdles and stakeholder engagement to realize the full potential of the smart cities market.
Key Features of the Study
- This report provides an in-depth analysis of the global smart cities market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 - 2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global smart cities market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Microsoft Corporation, Toshiba Corporation, AT&T, Inc., SAP SE, Cisco Systems, Inc., Philips Lighting, Ericsson, Huawei Technologies Co., Ltd., Panasonic Corporation, General Electric, Oracle Corporation, Hitachi Data Systems Corporation, and IBM Corporation.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global smart cities market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global smart cities market
Detailed Segmentation
- Global Smart Cities Market, By Component:
- Hardware
- Software
- Services
- Global Smart Cities Market, By Application:
- Smart Security
- Smart Building
- Smart Transportation
- Smart Governance
- Smart Energy
- Smart Healthcare
- Smart Water Network System
- Smart Education
- Global Smart Cities Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Microsoft Corporation
- Toshiba Corporation
- AT&T, Inc.
- SAP SE
- Cisco Systems, Inc.
- Philips Lighting
- Ericsson
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
- General Electric
- Oracle Corporation
- Hitachi Data Systems Corporation
- IBM Corporation
Table of Content
1. Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Rampant urbanization worldwide
- Proactive government initiatives
- Restraints
- High cost of implementation
- Proactive government initiatives
- Market Opportunities
- Growth of Smart Education
- Advancement of smart mobility solutions
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
4. Global Smart Cities Market, By Component, 2018 - 2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
5. Global Smart Cities Market, By Application, 2018 - 2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
- Smart Security
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Building
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Governance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Water Network System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Smart Education
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, 2018-2030,(US$ Billion)
6. Global Smart Cities Market, By Region, 2018 - 2030 (US$ Billion)
- Introduction
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Billion)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Billion)
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Billion)
- China
- Japan
- Australia
- India
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Billion)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Application, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, and Y-o-Y Growth , By Country, 2018 - 2030, (US$ Billion)
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
7. Competitive Landscape
- Company Profiles
- Microsoft Corporation.*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Toshiba Corporation
- AT&T, Inc.
- SAP SE
- Cisco Systems, Inc.
- Philips Lighting
- Ericsson
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
- General Electric Co.
- Oracle Corporation
- Hitachi Data Systems Corporation
- IBM Corporation
- Analyst Views
8. Section
- Available Customizations
- References
- Research Methodology
- About us and Sales Contact
