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Smart Cities Market Size, Share & Trends Analysis Report By Application, By Smart Governance, By Smart Utilities, By Smart Transportation, By Region, And Segment Forecasts, 2023 - 2030

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LSH 23.01.18

Smart Cities Market Growth & Trends:

The global smart cities market size is expected to reach USD 6,965.02 billion by 2030, according to the new reports of Grand View Research, Inc. The market is expected to expand at a CAGR of 25.8% from 2023 to 2030. The market growth can be attributed to rapid favorable government initiatives worldwide and emerging technologies, such as Artificial Intelligence (AI), cybersecurity, big data analytics, and the Internet of Things (IoT). This has encouraged several countries to invest in smart city projects to manage infrastructure and assets. Further, the increasing adoption of Electric Vehicles (EVs) has also created a demand for the development of charging infrastructure in cities globally. Due to this, it provides energy storage and creates new revenue streams from EV batteries. These benefits will further boost the smart cities market's growth during the forecast period.

The smart cities market is witnessing a high investment in smart security, smart metering for utilities, integrated traffic management systems, and smart mobility. Several technologically innovative cities use IoT platforms to monitor their infrastructure, manage traffic flows, water management, parking, and air quality, and use the generated smart data to handle longer-term decisions for environmental sustainability. Market players are establishing strategic partnerships with technology providers to improve their smart cities portfolio. For instance, in February 2022, an electric utility company, E.ON SE, partnered with telecom company Vodafone Group plc to develop smart water, gas, and electricity meters, accrelating the smart cities market growth.

Various country governments, such as India, Germany, Canada, Japan, and Australia, are launching smart city-based projects to improve citizens' lifestyles and create safer communities, propelling smart cities market expansion. Government-authorized associations & organizations are collaborating with market players to develop smart city solutions to assist the government in planning smart city strategies. For instance, in October 2022, the non-profit organization, Accelerator for America partnered with Honeywell International Inc. and launched the Smart City Accelerator Program to help smart city developers define priorities, align key stakeholders, and improve service delivery & operational efficiency of smart cities projects.

Smart Cities Market Report Highlights:

  • The environmental solution segment is expected to witness a considerable CAGR of 28.8% over the forecast period. Shifting various government focus towards reducing Greenhouse Gases (GHGs) and preservation and promotion of biodiversity is propelling the segment growth globally
  • The smart lighting segment is anticipated to register a CAGR of 26.8% over the forecast period. The substantial demand for IoT-enabled lighting fixtures, increasing infrastructure developments, and end-user preference for energy-efficient lighting are propelling the adoption of smart lighting in residential, commercial, and industrial sectors
  • The waste management segment is estimated to witness a CAGR of 27.0% through 2030. Numerous waste management companies are installing sensors, data visualization platforms, and network infrastructure to generate actionable insights and make informed decisions. Adopting these smart technologies in waste management will supplement the segment's growth during the forecast period
  • The intelligent transportation system segment is expected to witness a significant CAGR of 26.7% over the forecast period. The rising public and private investments in the transport sector, government initiatives to curb traffic congestion & enhance public safety, and advancements in video surveillance & analytics system is expected to accelerate the segment growth notably through 2030
  • In Asia Pacific, the market is anticipated to register significant CAGR of 29.2% during the forecast period. The regional growth can be attributed to rapid economic developments, digitalization, globalization, and the rising proliferation of smartphones

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, 2018 - 2030
  • 2.2 Global Smart Cities Market, 2018 - 2030
    • 2.2.1 Smart cities market by region, 2018 - 2030
    • 2.2.2 Smart cities market, by application, 2018 - 2030
    • 2.2.3 Smart cities market, by smart governance, 2018 - 2030
    • 2.2.4 Smart cities market, by smart utilities, 2018 - 2030
    • 2.2.5 Smart cities market, by smart transportation, 2018 - 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 Smart Cities Market - Porter's Five Forces Analysis
  • 3.6 Smart Cities Market - PESTEL Analysis
  • 3.7 Smart Cities Market - COVID-19 Impact Analysis

Chapter 4 Smart Cities Application Outlook

  • 4.1 Smart Cities Market Share By Application, 2022
  • 4.2 Smart Governance
    • 4.2.1 Smart governance market, 2018 - 2030
  • 4.3 Smart Building
    • 4.3.1 Smart building market, 2018 - 2030
  • 4.4 Environmental Solution
    • 4.4.1 Environmental solution market, 2018 - 2030
  • 4.5 Smart Utilities
    • 4.5.1 Smart utilities market, 2018 - 2030
  • 4.6 Smart Transportation
    • 4.6.1 Smart transportation market, 2018 - 2030
  • 4.7 Smart Healthcare
    • 4.7.1 Smart healthcare market, 2018 - 2030

Chapter 5 Smart Cities by Smart Governance Model Outlook

  • 5.1 Smart Cities Market Share By Smart Governace, 2022
  • 5.2 City Surveillance
    • 5.2.1 City Surveillance market, 2018 - 2030
  • 5.3 CCS
    • 5.3.1 CCS market, 2018 - 2030
  • 5.4 E-governance
    • 5.4.1 E-governance market, 2018 - 2030
  • 5.5 Smart Lightning
    • 5.5.1 Smart Lightning market, 2018 - 2030
  • 5.6 Smart Infrastructure
    • 5.6.1 Smart Infrastructure market, 2018 - 2030

Chapter 6 Smart Cities by Smart Utilities Outlook

  • 6.1 Smart Cities Market Share By Smart Utilities, 2022
  • 6.2 Energy Management
    • 6.2.1 Energy Management market, 2018 - 2030
  • 6.3 Water Management
    • 6.3.1 Water Management market, 2018 - 2030
  • 6.4 Waste Management
    • 6.4.1 Waste Management market, 2018 - 2030

Chapter 7 Smart Cities by Smart Transportation Outlook

  • 7.1 Smart Cities Market Share By Smart Transportation, 2022
  • 7.2 Intelligent Transportation System Market
    • 7.2.1 Intelligent Transportation System market, 2018 - 2030
  • 7.3 Parking Management
    • 7.3.1 Parking market, 2018 - 2030
  • 7.4 Smart Ticketing & Travel Assistance
    • 7.4.1 Smart Ticketing & Travel Assistance market, 2018 - 2030

Chapter 8 Smart Cities Regional Outlook

  • 8.1 Smart Cities Market Share by Region, 2022
  • 8.2 North America
    • 8.2.1 North America smart cities market, 2018 - 2030
    • 8.2.2 North America smart cities market, by application, 2018 - 2030
    • 8.2.3 North America smart cities market, by smart governance, 2018 - 2030
    • 8.2.4 North America smart cities market, by smart utilities, 2018 - 2030
    • 8.2.5 North America smart cities market, by smart transportation, 2018 - 2030
    • 8.2.6 U.S.
      • 8.2.6.1 U.S. smart cities market, 2018 - 2030
      • 8.2.6.1 U.S. smart cities market, by application, 2018 - 2030
      • 8.2.6.3 U.S. smart cities market, by smart governance, 2018 - 2030
      • 8.2.6.4 U.S. smart cities market, by smart utilities, 2018 - 2030
      • 8.2.6.5 U.S. smart cities market, by smart transportation, 2018 - 2030
    • 8.2.7 Canada
      • 8.2.7.1 Canada smart cities market, 2018 - 2030
      • 8.2.7.2 Canada smart cities market, by application, 2018 - 2030
      • 8.2.7.3 Canada smart cities market, by smart governance, 2018 - 2030
      • 8.2.7.4 Canada smart cities market, by smart utilities, 2018 - 2030
      • 8.2.7.5 Canada smart cities market, by smart transportation, 2018 - 2030
  • 8.3 Europe
    • 8.3.1 Europe smart cities market, 2018 - 2030
    • 8.3.2 Europe smart cities market, by application, 2018 - 2030
    • 8.3.3 Europe smart cities market, by smart governance, 2018 - 2030
    • 8.3.4 Europe smart cities market, by smart utilities, 2018 - 2030
    • 8.3.5 Europe smart cities market, by smart transportation, 2018 - 2030
    • 8.3.6 Germany
      • 8.3.6.1 Germany smart cities market, 2018 - 2030
      • 8.3.6.2 Germany smart cities market, by application, 2018 - 2030
      • 8.3.6.3 Germany smart cities market, by smart governance, 2018 - 2030
      • 8.3.6.4 Germany smart cities market, by smart utilities, 2018 - 2030
      • 8.3.6.5 Germany smart cities market, by smart transportation, 2018 - 2030
      • 8.3.6.6 Germany smart cities market, by governance model, 2018 - 2030
    • 8.3.7 France
      • 8.3.7.1 France smart cities market, 2018 - 2030
      • 8.3.7.2 France smart cities market, by application, 2018 - 2030
      • 8.3.7.3 France smart cities market, by smart governance, 2018 - 2030
      • 8.3.7.4 France smart cities market, by smart utilities, 2018 - 2030
      • 8.3.7.5 France smart cities market, by smart transportation, 2018 - 2030
    • 8.3.8 U.K.
      • 8.3.8.1 U.K. smart cities market, 2018 - 2030
      • 8.3.8.2 U.K. smart cities market, by application, 2018 - 2030
      • 8.3.8.3 U.K. smart cities market, by smart governance, 2018 - 2030
      • 8.3.8.4 U.K. smart cities market, by smart utilities, 2018 - 2030
      • 8.3.8.5 U.K. smart cities market, by smart transportation, 2018 - 2030
    • 8.3.9 Italy
      • 8.3.9.1 Italy smart cities market, 2018 - 2030
      • 8.3.9.2 Italy smart cities market, by application, 2018 - 2030
      • 8.3.9.3 Italy smart cities market, by smart governance, 2018 - 2030
      • 8.3.9.4 Italy smart cities market, by smart utilities, 2018 - 2030
      • 8.3.9.5 Italy smart cities market, by smart transportation, 2018 - 2030
    • 8.3.10 Spain
      • 8.3.10.1 Spain smart cities market, 2018 - 2030
      • 8.3.10.2 Spain smart cities market, by application, 2018 - 2030
      • 8.3.10.3 Spain smart cities market, by smart governance, 2018 - 2030
      • 8.3.10.4 Spain smart cities market, by smart utilities, 2018 - 2030
      • 8.3.10.5 Spain smart cities market, by smart transportation, 2018 - 2030
    • 8.3.11 Russia
      • 8.3.10.1 Russia smart cities market, 2018 - 2030
      • 8.3.10.2 Russia smart cities market, by application, 2018 - 2030
      • 8.3.11.3 Russia smart cities market, by smart governance, 2018 - 2030
      • 8.3.11.4 Russia smart cities market, by smart utilities, 2018 - 2030
      • 8.3.11.5 Russia smart cities market, by smart transportation, 2018 - 2030
    • 8.3.12 Nordic Region
      • 8.3.12.1 Nordic Region smart cities market, 2018 - 2030
      • 8.3.12.2 Nordic Region smart cities market, by application, 2018 - 2030
      • 8.3.12.3 Nordic Region smart cities market, by smart governance, 2018 - 2030
      • 8.3.12.4 Nordic Region smart cities market, by smart utilities, 2018 - 2030
      • 8.3.12.5 Nordic Region smart cities market, by smart transportation, 2018 - 2030
    • 8.3.13 Eastern Europe
      • 8.3.13.1 Eastern Europe smart cities market, 2018 - 2030
      • 8.3.13.2 Eastern Europe smart cities market, by application, 2018 - 2030
      • 8.3.13.3 Eastern Europe smart cities market, by smart governance, 2018 - 2030
      • 8.3.13.4 Eastern Europe smart cities market, by smart utilities, 2018 - 2030
      • 8.3.13.5 Eastern Europe smart cities market, by smart transportation, 2018 - 2030
  • 8.4 Asia Pacific
    • 8.4.1 Asia Pacific smart cities market, 2018 - 2030
    • 8.4.2 Asia Pacific smart cities market, by application, 2018 - 2030
    • 8.4.3 Asia Pacific smart cities market, by smart governance, 2018 - 2030
    • 8.4.4 Asia Pacific smart cities market, by smart utilities, 2018 - 2030
    • 9.4.5 Asia Pacific smart cities market, by smart transportation, 2018 - 2030
    • 8.4.6 Australia
      • 8.4.6.1 Australia smart cities market, 2018 - 2030
      • 8.4.6.2 Australia smart cities market, by application, 2018 - 2030
      • 8.4.6.3 Australia smart cities market, by smart governance, 2018 - 2030
      • 8.4.6.4 Australia smart cities market, by smart utilities, 2018 - 2030
      • 8.4.6.5 Australia smart cities market, by smart transportation, 2018 - 2030
    • 8.4.7 China
      • 8.4.7.1 China smart cities market, 2018 - 2030
      • 8.4.7.2 China smart cities market, by application, 2018 - 2030
      • 8.4.7.3 China smart cities market, by smart governance, 2018 - 2030
      • 8.4.7.4 China smart cities market, by smart utilities, 2018 - 2030
      • 8.4.7.5 China smart cities market, by smart transportation, 2018 - 2030
    • 8.4.8 India
      • 8.4.8.1 India smart cities market, 2018 - 2030
      • 8.4.8.2 India smart cities market, by application, 2018 - 2030
      • 8.4.8.3 India smart cities market, by smart governance, 2018 - 2030
      • 8.4.8.4 India smart cities market, by smart utilities, 2018 - 2030
      • 8.4.8.5 India smart cities market, by smart transportation, 2018 - 2030
    • 8.4.9 Japan
      • 8.4.9.1 Japan smart cities market, 2018 - 2030
      • 8.4.9.2 Japan smart cities market, by application, 2018 - 2030
      • 8.4.9.3 Japan smart cities market, by smart governance, 2018 - 2030
      • 8.4.9.4 Japan smart cities market, by smart utilities, 2018 - 2030
      • 8.4.9.5 Japan smart cities market, by smart transportation, 2018 - 2030
    • 8.4.10 ASEAN
      • 8.4.10.1 ASEAN smart cities market, 2018 - 2030
      • 8.4.10.2 ASEAN smart cities market, by application, 2018 - 2030
      • 8.4.10.3 ASEAN smart cities market, by smart governance, 2018 - 2030
      • 8.4.10.4 ASEAN smart cities market, by smart utilities, 2018 - 2030
      • 8.4.10.5 ASEAN smart cities market, by smart transportation, 2018 - 2030
  • 8.5 Latin America
    • 8.5.1 Latin America smart cities market, 2018 - 2030
    • 8.5.2 Latin America smart cities market, by application, 2018 - 2030
    • 8.5.3 Latin America smart cities market, by smart governance, 2018 - 2030
    • 8.5.4 Latin America smart cities market, by smart utilities, 2018 - 2030
    • 8.5.5 Latin America smart cities market, by smart transportation, 2018 - 2030
    • 8.5.6 Brazil
      • 8.5.6.1 Brazil smart cities market, 2018 - 2030
      • 8.5.6.2 Brazil smart cities market, by application, 2018 - 2030
      • 8.5.6.3 Brazil smart cities market, by smart governance, 2018 - 2030
      • 8.5.6.4 Brazil smart cities market, by smart utilities, 2018 - 2030
      • 8.5.6.5 Brazil smart cities market, by smart transportation, 2018 - 2030
    • 8.5.7 Mexico
      • 8.5.7.1 Mexico smart cities market, 2018 - 2030
      • 8.5.7.2 Mexico smart cities market, by application, 2018 - 2030
      • 8.5.7.3 Mexico smart cities market, by smart governance, 2018 - 2030
      • 8.5.7.4 Mexico smart cities market, by smart utilities, 2018 - 2030
      • 8.5.7.5 Mexico smart cities market, by smart transportation, 2018 - 2030
  • 8.6 MEA
    • 8.6.1 MEA smart cities market, 2018 - 2030
    • 8.6.2 MEA smart cities market, by application, 2018 - 2030
    • 8.6.3 MEA smart cities market, by smart governance, 2018 - 2030
    • 8.6.4 MEA smart cities market, by smart utilities, 2018 - 2030
    • 8.6.5 MEA smart cities market, by smart transportation, 2018 - 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, 2022

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
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