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Smart Cities Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global smart cities market was worth US$ 312.4 Billion in 2018. A smart city refers to a framework consisting of Information and Communication Technologies (ICT) to develop, deploy and promote sustainable development in urban areas. The hardware component includes chips, sensors and actuators, while the software component comprises smart web and mobile applications for infrastructure and administration through digital devices. The data collected from these components is analyzed to monitor transportation systems, power plants, waste management, water supply, crime detection and various other municipality services. Smart cities also emphasize on improving the quality of life of the citizens, along with enhancing the efficiency of the existing infrastructure. For instance, it promotes mixed-land use for unplanned areas, which offer a range of facilities at one location and help in the optimum utilization of the available space.

Global Smart Cities Market Report

Rapidly increasing population, hyper-urbanization and globalization are among the key factors driving the growth of the market. The establishment of smart cities aids in utilizing technologies and connected data sensors to ensure quality economic and environmental development. Furthermore, rising adoption of artificial intelligence (AI) solutions is another factor providing a boost to the market growth. The governments of both developed and emerging nations are implementing policies and regulations for the deployment of cloud-based services to develop, facilitate and track their smart city initiatives. Additionally, the utilization of AI-based CCTV cameras for facial recognition, sensors for smart parking assistance and smart traffic management systems are creating lucrative opportunities for the manufacturers in the industry. Also, intensifying urban migration and the rise in unplanned development is further catalyzing the need for smart cities worldwide. Looking forward, IMARC Group expects the market to reach a value of US$ 826.3 Billion by 2024, registering a CAGR of 17.6% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Focus Area:
    • Smart Transportation
    • Smart Buildings
    • Smart Utilities
    • Smart Citizen Services
       
  • Market Breakup by Smart Transportation:
    • Smart Ticketing
    • Traffic Management System
    • Passenger Information Management System
    • Freight Information System
    • Connected Vehicles
    • Others 
       
  • Market Breakup by Smart Buildings:
    • Building Energy Optimization
    • Emergency Management System
    • Parking Management System
    • Others
       
  • Market Breakup by Smart Utilities :
    • Advanced Metering Infrastructure
    • Distribution Management System
    • Substation Automation
    • Others
       
  • Market Breakup by Smart Citizen Services:
    • Smart Education
    • Smart Healthcare
    • Smart Public Safety
    • Smart Street Lighting
    • Others
       
  • Market Breakup by Region:
    • Europe
    • North America
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being ABB, Cisco Systems, Alphabet, IBM, Microsoft, Oracle, Schneider Electric, Hitachi, Siemens AG, Huawei, Intel, GE, Ericsson, Toshiba Corporation, Honeywell, AT&T, etc.

Key Questions Answered in This Report:

  • How has the global smart cities market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global smart cities industry?
  • What is the breakup of the market based on the focus area?
  • What is the breakup of the market based on the smart transportation?
  • What is the breakup of the market based on the smart building?
  • What is the breakup of the market based on the smart utilities?
  • What is the breakup of the market based on the smart citizen service?
  • What are the various stages in the value chain of the global smart cities industry?
  • What are the key driving factors and challenges in the global smart cities industry?
  • What is the structure of the global smart cities industry and who are the key players?
  • What is the degree of competition in the global smart cities industry?

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 City Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Focus Area 
    5.4    Market Breakup by Smart Transportation
    5.5    Market Breakup by Smart Buildings
    5.6    Market Breakup by Smart Utilities 
    5.7    Market Breakup by Smart Citizen Services
    5.8    Market Breakup by Region
    5.9    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
    8.4    Others
        8.4.1    Market Trends
        8.4.2    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 
        16.3.2    Cisco Systems 
        16.3.3    Alphabet
        16.3.4    IBM
        16.3.5    Microsoft
        16.3.6    Oracle
        16.3.7    Schneider Electric 
        16.3.8    Hitachi 
        16.3.9    Siemens AG 
        16.3.10      Huawei 
        16.3.11      Intel
        16.3.12      GE 
        16.3.13      Ericsson 
        16.3.14      Toshiba Corporation 
        16.3.15      Honeywell 
        16.3.16      AT&T

List of Figures

Figure 1: Global: Smart Cities Market: Major Drivers and Challenges
Figure 2: Global: Smart Cities Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Smart Cities Market: Breakup by Focus Area (in %), 2018
Figure 4: Global: Smart Cities Market: Breakup by Smart Transportation (in %), 2018
Figure 5: Global: Smart Cities Market: Breakup by Smart Buildings (in %), 2018
Figure 6: Global: Smart Cities Market: Breakup by Smart Utilities (in %), 2018
Figure 7: Global: Smart Cities Market: Breakup by Smart Citizen Services (in %), 2018
Figure 8: Global: Smart Cities Market: Breakup by Region (in %), 2018
Figure 9: Global: Smart Cities Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Smart Cities Industry: SWOT Analysis
Figure 11: Global: Smart Cities Industry: Value Chain Analysis
Figure 12: Global: Smart Cities Industry: Porter’s Five Forces Analysis
Figure 13: Global: Smart Cities (Smart Transportation) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: Global: Smart Cities  (Smart Transportation) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 15: Global: Smart Cities  (Smart Buildings) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: Global: Smart Cities (Smart Buildings) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 17: Global: Smart Cities (Smart Utilities) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: Global: Smart Cities (Smart Utilities) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 19: Global: Smart Cities (Smart Citizen Services) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: Global: Smart Cities (Smart Citizen Services) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 21: Global: Smart Cities (Smart Ticketing) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: Global: Smart Cities (Smart Ticketing) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 23: Global: Smart Cities (Traffic Management System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: Global: Smart Cities (Traffic Management System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 25: Global: Smart Cities (Passenger Information Management System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: Global: Smart Cities (Passenger Information Management System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 27: Global: Smart Cities (Freight Information System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: Global: Smart Cities (Freight Information System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 29: Global: Smart Cities (Connected Vehicles) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: Global: Smart Cities (Connected Vehicles) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 31: Global: Smart Cities (Other Transportation Types) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 32: Global: Smart Cities (Other Transportation Types) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 33: Global: Smart Cities (Building Energy Optimization) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 34: Global: Smart Cities (Building Energy Optimization) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 35: Global: Smart Cities (Emergency Management System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 36: Global: Smart Cities (Emergency Management System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 37: Global: Smart Cities (Parking Management System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: Global: Smart Cities (Parking Management System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 39: Global: Smart Cities (Other Smart Building Types) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 40: Global: Smart Cities (Other Smart Building Types) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 41: Global: Smart Cities (Advanced Metering Infrastructure) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 42: Global: Smart Cities (Advanced Metering Infrastructure) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 43: Global: Smart Cities (Distribution Management System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 44: Global: Smart Cities (Distribution Management System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 45: Global: Smart Cities (Substation Automation) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 46: Global: Smart Cities (Substation Automation) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 47: Global: Smart Cities (Other Smart Utilities) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 48: Global: Smart Cities (Other Smart Utilities) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 49: Global: Smart Cities (Smart Education) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 50: Global: Smart Cities (Smart Education) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 51: Global: Smart Cities (Smart Healthcare) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 52: Global: Smart Cities (Smart Healthcare) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 53: Global: Smart Cities (Smart Public Safety) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 54: Global: Smart Cities (Smart Public Safety) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 55: Global: Smart Cities (Smart Street Lighting) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 56: Global: Smart Cities (Smart Street Lighting) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 57: Global: Smart Cities (Other Smart Citizen Services) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 58: Global: Smart Cities (Other Smart Citizen Services) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 59: Europe: Smart Cities Market: Sales Value (in Billion US$), 2013 & 2018
Figure 60: Europe: Smart Cities Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 61: North America: Smart Cities Market: Sales Value (in Billion US$), 2013 & 2018
Figure 62: North America: Smart Cities Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 63: Asia Pacific: Smart Cities Market: Sales Value (in Billion US$), 2013 & 2018
Figure 64: Asia Pacific: Smart Cities Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 65: Middle East and Africa: Smart Cities Market: Sales Value (in Billion US$), 2013 & 2018
Figure 66: Middle East and Africa: Smart Cities Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 67: Latin America: Smart Cities Market: Sales Value (in Billion US$), 2013 & 2018
Figure 68: Latin America: Smart Cities Market Forecast: Sales Value (in Billion US$), 2019-2024

List of Tables

Table 1: Global: Smart Cities Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Smart Cities Market Forecast: Breakup by Focus Area (in Million US$), 2019-2024
Table 3: Global: Smart Cities Market Forecast: Breakup by Smart Transportation (in Million US$), 2019-2024
Table 4: Global: Smart Cities Market Forecast: Breakup by Smart Buildings (in Million US$), 2019-2024
Table 5: Global: Smart Cities Market Forecast: Breakup by Smart Utilities (in Million US$), 2019-2024
Table 6: Global: Smart Cities Market Forecast: Breakup by Smart Citizen Services (in Million US$), 2019-2024
Table 7: Global: Smart Cities Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 8: Global: Smart Cities Market Structure
Table 9: Global: Smart Cities Market: Key Players


 

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