스마트 시티 시장 규모, 점유율, 동향, 예측 : 중점 분야별, 스마트 운송별, 스마트 빌딩별, 스마트 유틸리티별, 스마트 시민 서비스별, 지역별(2025-2033년)

The global smart cities market size was valued at USD 1,423.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 4,909.9 Billion by 2033, exhibiting a CAGR of 14.8% during 2025-2033. North America currently dominates the market, holding a significant market share of over 30.6% in 2024. The smart cities market share is propelled by the emergence of innovative, advanced information and communication technology (ICT), along with the increasing levels of urbanization.

Smart cities are urban areas that utilize information and communication technology (ICT) to enhance the quality of life for their residents and optimize the efficiency of various services. They comprise the Internet of Things (IoT) devices, sensors, and data analytics to gather and process real-time information and enable intelligent decision-making by local authorities. They focus on energy management, transportation, healthcare, waste management, and public safety. Moreover, they assist in reducing resource consumption, minimizing traffic congestion, enhancing sustainability, and improving overall urban infrastructure.

At present, the rising demand for sustainable and efficient urban planning solutions is supporting the growth of the market. Besides this, the increasing focus on modern infrastructure development is strengthening the growth of the market. In line with this, the growing adoption of smart and eco-friendly technologies due to the increasing environmental concern to reduce carbon emissions across the globe is positively influencing the market. Apart from this, rising advancements in artificial intelligence (AI) and machine learning (ML) that enable data-driven decision-making and predictive analytics are offering lucrative growth opportunities to industry investors. Furthermore, the increasing availability of high-speed internet connectivity around the world is bolstering the growth of the market. Moreover, the growing demand for improved public safety and security is offering a positive market outlook.

Smart Cities Market Trends/Drivers:

Rising urbanization and population growth

There is a rise in the demand for smart cities due to the increasing urbanization across the globe. As a result, people are facing unprecedented challenges related to transportation, housing, energy consumption, and resource management. In addition, the growing adoption of smart city solutions to address these issues is offering a favorable market outlook. Smart cities offer efficient urban planning strategies and innovative technologies to optimize resource allocation, manage traffic flow, and provide better services to a growing population. Apart from this, cities can make informed decisions on infrastructure development and allocation of resources by leveraging data-driven insights and IoT devices, which ultimately enhance the overall quality of life for residents.

Favorable government initiatives

Governing agencies of various countries are encouraging the adoption of smart cities by offering several initiatives to support infrastructure development, which is offering a positive market outlook. In addition, various national and local authorities are allocating significant funding to enable the implementation of smart city projects. These initiatives generally include public-private partnerships and collaboration between government entities, technology providers, and other stakeholders. Apart from this, smart city development assists in reducing greenhouse gas (GHG) emissions in the environment and promoting sustainability. Additionally, governing authorities are introducing policy frameworks and stringent regulations to curb environmental pollution and encourage smart city projects.

Growing emergence of advanced information and communication technology (ICT)

The increasing emergence of advanced information and communication technology (ICT) is bolstering the growth of the market. The integration of IoT devices and sensors enables the collection of real-time data from various sources, ranging from traffic patterns to energy consumption. In line with this, this data is then processed and analyzed through enhanced data analytics tools to generate actionable insights. The integration of these technologies allows cities to create interconnected systems that efficiently manage services, such as smart grids, for energy distribution, intelligent transportation systems, and automated waste management. Apart from this, the seamless integration of ICT solutions assists in the development of smarter and more responsive urban environments.

Smart Cities Industry Segmentation:

Breakup by Focus Area:

• Smart Transportation
• Smart Buildings
• Smart Utilities
• Smart Citizen Services

Smart Transportation represents the largest market segment

Smart transportation involves the integration of advanced technologies and data-driven solutions to optimize the movement of people and goods within a city. This includes intelligent traffic management systems, real-time public transportation updates, smart parking solutions, and the implementation of connected and autonomous vehicles. It addresses transportation challenges in a sustainable and efficient manner. It also enables cities to better understand traffic patterns, reduce congestion, and improve overall transportation efficiency. This not only enhances the commuting experience for citizens but also reduces the environmental impact.

Breakup by Smart Transportation:

• Smart Ticketing
• Traffic Management System
• Passenger Information Management System
• Freight Information System
• Connected Vehicles
• Others

Traffic management system accounts for the majority of the market share

A traffic management system involves the integration of advanced technologies and real-time data to monitor and control traffic conditions. This includes the deployment of sensors, cameras, and communication networks to gather information on traffic volume, speed, and incidents. The collected data is then analyzed to generate insights and facilitate informed decision-making. The traffic management system aims to optimize traffic flow, enhance safety, and reduce congestion in urban areas. Additionally, it can adjust traffic signals, reroute vehicles, and implement variable speed limits to optimize traffic flow.

Breakup by Smart Buildings:

• Building Energy Optimization
• Emergency Management System
• Parking Management System
• Others

Emergency management system holds the biggest market share

Emergency management systems comprise a range of interconnected devices and sensors that monitor various parameters, such as fire, smoke, gas leaks, and structural integrity. These systems continuously collect and analyze data to detect potential emergencies swiftly. They are equipped with automated alert systems that notify building occupants and emergency responders quickly. Moreover, these alerts can be transmitted through various channels, such as alarms, text messages, and mobile applications, to ensure everyone is aware of the situation and can take appropriate action.

Breakup by Smart Utilities:

• Advanced Metering Infrastructure
• Distribution Management System
• Substation Automation
• Others

Advanced metering infrastructure enables two-way communication between utility providers and consumers. It involves the installation of smart meters that provide real-time data on energy consumption, water usage, and other utilities. It facilitates accurate billing and allows consumers to monitor their usage patterns and helps utilities in optimizing energy distribution.

The distribution management system focuses on managing and optimizing the distribution of electricity across the grid. It utilizes advanced technologies, such as sensors and automation, to monitor grid conditions, detect faults, and enable quick responses to disruptions. It helps utilities to reduce downtime, enhance grid stability, and improve overall reliability.

Substation automation involves the deployment of intelligent devices and control systems in electrical substations. It enables remote monitoring, control, and automation of substation operations. It also enhances grid efficiency, reduces maintenance costs, and facilitates faster fault detection and resolution.

Breakup by Smart Citizen Services:

• Smart Education
• Smart Healthcare
• Smart Public Safety
• Smart Street Lighting
• Others

Smart education involves the integration of advanced technologies into the education system to enhance learning experiences and improve educational outcomes. This includes the usage of digital tools, interactive learning platforms, virtual classrooms, and personalized learning solutions.

Smart healthcare focuses on leveraging technology to improve healthcare services and patient outcomes. This includes the utilization of telemedicine, remote patient monitoring, electronic health records, and healthcare analytics. Smart healthcare solutions aim to enhance healthcare accessibility, reduce healthcare costs, and promote proactive and personalized care.

Smart public safety involves the employment of technology to enhance law enforcement, emergency response, and overall public safety measures. This also comprises the deployment of surveillance cameras, real-time data analytics, predictive policing, and emergency communication systems.

Breakup by Region:

• Europe
• North America
• Asia Pacific
• Middle East and Africa
• Latin America

North America exhibits a clear dominance, accounting for the largest smart cities market share

The report has also provided a comprehensive analysis of all the major regional markets, which include Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share.

North America held the biggest market share due to the increasing digital transformation. In line with this, the rising policy frameworks and favorable government initiatives are impelling the growth of the market in the region. Apart from this, the increasing integration of eco-friendly solutions is contributing to the growth of the market. In addition, the rising focus on technological innovations is propelling the growth of the market in the region.

Competitive Landscape:

Major players in the industry are introducing innovative technologies, such as the Internet of Things (IoT) devices, sensors, data analytics platforms, and communication networks. These technologies enable the collection and analysis of real-time data for informed decision-making. In line with this, companies are involved in deploying smart infrastructure, such as smart grids, smart transportation systems, smart lighting, and smart buildings. They are continuously working with municipalities and governing agencies of several countries to integrate these solutions into existing urban frameworks or during new city planning and development. Besides this, various companies are developing platforms and mobile applications to encourage citizen participation in smart city initiatives.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• ABB Group (NYSE: ABB)
• Cisco Systems, Inc.
• Alphabet Inc.
• International Business Machines (IBM) Corporation
• Microsoft Corporation
• Oracle Corporation
• Schneider Electric
• Hitachi, Ltd.
• Siemens AG
• Huawei Technologies Co., Ltd.
• Intel Corporation
• General Electric (GE) Company
• Telefonaktiebolaget L M Ericsson
• Toshiba Corporation
• Honeywell International Inc.
• AT&T Communications, LLC

Key Questions Answered in This Report

• 1.How big is the smart cities market?
• 2.What is the future outlook of the smart cities market?
• 3.What are the key factors driving the smart cities market?
• 4.Which region accounts for the largest smart cities market share?
• 5.Which are the leading companies in the global smart cities market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Smart Cities Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Focus Area
• 5.5 Market Breakup by Smart Transportation
• 5.6 Market Breakup by Smart Buildings
• 5.7 Market Breakup by Smart Utilities
• 5.8 Market Breakup by Smart Citizen Services
• 5.9 Market Breakup by Region
• 5.10 Market Forecast

6 Market Breakup by Focus Area

• 6.1 Smart Transportation
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Smart Buildings
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Smart Utilities
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Smart Citizen Services
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast

7 Market Breakup by Smart Transportation

• 7.1 Smart Ticketing
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Traffic Management System
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Passenger Information Management System
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Freight Information System
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Connected Vehicles
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast
• 7.6 Others
  • 7.6.1 Market Trends
  • 7.6.2 Market Forecast

8 Market Breakup by Smart Buildings

• 8.1 Building Energy Optimization
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Emergency Management System
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Parking Management System
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Smart Utilities

• 9.1 Advanced Metering Infrastructure
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Distribution Management System
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Substation Automation
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Others
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast

10 Market Breakup by Smart Citizen Services

• 10.1 Smart Education
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Smart Healthcare
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Smart Public Safety
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Smart Street Lighting
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Others
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast

11 Market Breakup by Region

• 11.1 Europe
  • 11.1.1 Market Trends
  • 11.1.2 Market Forecast
• 11.2 North America
  • 11.2.1 Market Trends
  • 11.2.2 Market Forecast
• 11.3 Asia Pacific
  • 11.3.1 Market Trends
  • 11.3.2 Market Forecast
• 11.4 Middle East and Africa
  • 11.4.1 Market Trends
  • 11.4.2 Market Forecast
• 11.5 Latin America
  • 11.5.1 Market Trends
  • 11.5.2 Market Forecast

12 SWOT Analysis

• 12.1 Overview
• 12.2 Strengths
• 12.3 Weaknesses
• 12.4 Opportunities
• 12.5 Threats

13 Value Chain Analysis

14 Porter's Five Forces Analysis

• 14.1 Overview
• 14.2 Bargaining Power of Buyers
• 14.3 Bargaining Power of Suppliers
• 14.4 Degree of Competition
• 14.5 Threat of New Entrants
• 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

• 16.1 Market Structure
• 16.2 Key Players
• 16.3 Profiles of Key Players
  • 16.3.1 ABB Group (NYSE: ABB)
  • 16.3.2 Cisco Systems, Inc.
  • 16.3.3 Alphabet Inc.
  • 16.3.4 International Business Machines (IBM) Corporation
  • 16.3.5 Microsoft Corporation
  • 16.3.6 Oracle Corporation
  • 16.3.7 Schneider Electric
  • 16.3.8 Hitachi, Ltd.
  • 16.3.9 Siemens AG
  • 16.3.10 Huawei Technologies Co., Ltd.
  • 16.3.11 Intel Corporation
  • 16.3.12 General Electric (GE) Company
  • 16.3.13 Telefonaktiebolaget L M Ericsson
  • 16.3.14 Toshiba Corporation
  • 16.3.15 Honeywell International Inc.
  • 16.3.16 AT&T Communications, LLC