Global Smart Cities Market Insights
The global smart cities market is seen to grow at a substantial rate of 19.6% for the forecast period of 2020 - 2026. A smart city can be defined as the development of an urban or rural area using electronic methods or sensors and collect data. Insights gained from the corresponding data are used to control assets, supplies, and assistance efficiently. Hence, ensuring stable and tranquil movements in the town. Through the existing scenario, since the COVID-19 outbreak, the effects of the pandemic has reached a critical phase across the globe, several government bodies and administrations are marshaling global smart cities solutions to tackle the crisis efficiently, such as the use of GPS and heat maps to monitor as well as locate COVID patients quicker for immediate attention and aid. The factors which contribute to the growth of the market are an increase in crime rates, inefficient development by the government in various countries concerning infrastructure, transportation, and services provided to the benefit of the citizens, adaptation of advanced technologies like AI, VR, robotics, and many other technologies, an increase in urbanization, and surging demand for a pleasanter life amongst the citizens also act as a basis for an increase in the global smart cities market.
Global Smart Cities Market: By Type of Focus Area
The market segmentation for the types of focus areas can be seen as smart buildings, smart utilities, smart transportation, and smart citizen services. The segments which are analyzed to be lucrative to the revenue of the market are smart utilities and smart citizen services. The reasons for the extensive prevalence of the segment would be the improvisation of conventional approaches by the industries in the usage of utilities such as LPG, water, and energy & power. Expedition in the reception of modern techniques of services and utilities by deploying energy meters and smart grids for efficient monitoring.
Global Smart Cities Market: By Type of Smart Transportation
Based on the type of smart transportation, the following can be segmented as solutions and services. The sub-segmentation of solutions are smart ticketing, freight information system, connected vehicles, traffic management system, passenger information management system, and other solutions. Consulting, deployment & integration, and infrastructure monitoring & management are the sub-categories of services. The sector which would contribute to boosting the revenue would be deployment & infrastructure due to the increase in the usage of transportation and consumption of renewable energy resources for operation end of the sector.
Global Smart Cities Market: By Type of Smart Building Solutions
Types, solutions, and services are segmentation of the market based on smart building solutions. Residential and commercial are the types of smart building solutions, building energy optimization is the bifurcation of solutions and consulting, deployment & integration, and infrastructure monitoring & management are the sub-segments of services provided by the market. The deployment & integration segment is analyzed to make a tremendous contribution to the rise of CAGR in the market. The increase of the market can be associated with the implementation of strategies from regulatory bodies in urbanizing rural areas and an increase in the mass adaptation of on-going technologies such as home automation and AI acts as an incentive to boost the sector.
Global Smart Cities Market: By Type of Smart Utilities Solutions
Based on education, the market can be categorized as types, solutions, and services. The types of utilities are energy, water, gas, and other utilities. Classification of solutions in smart utilities are advanced metering infrastructure, meter data management, meter data analytics, smart meters, distribution management system, substation automation, and other solutions, and the sub-segmentation of services are consulting, deployment and integration, and infrastructure monitoring and management. Considering the forecast period 2020-2026, distribution management systems can be seen to contribute immensely in boosting the revenue of the market. The subsequent increase in the faults occurring during transmission and distribution of electricity in substation and power stations, an increase of man-made errors during monitoring & analyzing grid meters are some of the factors promoting the market.
Global Smart Cities Market: By Type of Smart Citizen Services
Based on the standards of smart citizen services, the market is segmented public safety, smart healthcare, smart education, smart street lighting, and e-Governance. Public safety is to see a significant rise in the market. The principal causes would be the addition of casualties due to life-threatening incidents such as road mishaps, the collapse of a building due to poor infrastructure, and various other unfortunate disasters in many continents such as APAC, North America, and others.
Global Smart Cities Market: By Region
North America, Central and South America (CSA), Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are the segmentation based on the Global Smart Cities market via the region. The highest growth in CAGR is observed to be in the region of North America, as the adoption of ICT based global smart cities solutions have been on the rise. But APAC is predicted to have a majestic growth in the sector based on the geographical analysis. Due to the increment in the adaption of modern technologies such as IoT, AI, home automation, and several other technologies.
Global Smart Cities Market Share and Competitor Analysis
The key players in the Global Smart Cities market are Cisco Systems Inc., IBM Pvt. Ltd., Siemens AG, Schneider Electric Pvt. Ltd., Ericsson Pvt. Ltd., Vodafone Group PLC, Itron Inc., Verizon Communication Inc., Telensa Ltd., ABB Ltd., Honeywell International Inc., SAP SE, KAPSCH Group, AGT International Co. Ltd., and other companies.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2020, Cisco Systems Inc. and Connexin Ltd. collaborated with Quantela Inc. for the growth of smart cities in the UK. The country's latest IoT-based global smart cities technology was adopted by Sheffield’s highway network.
Check the Press Release on Global Smart Cities Market Report
Smart Cities Market: By Type of Focus Area
- Introduction
- Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- Smart Transportation
- Smart Transportation: Smart Cities Market, 2019-2026 (USD Million)
- Smart Buildings
- Smart Buildings: Smart Cities Market, 2019-2026 (USD Million)
- Smart Utilities
- Smart Utilities: Smart Cities Market, 2019-2026 (USD Million)
- Smart Citizen Services
- Smart Citizen Services: Smart Cities Market, 2019-2026 (USD Million)
Smart Cities Market: By Smart Transportation
- Introduction
- Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- Solutions
- Solutions: Smart Cities Market, 2019-2026 (USD Million)
- Smart Ticketing: Smart Cities Market, 2019-2026 (USD Million)
- Traffic Management System: Smart Cities Market, 2019-2026 (USD Million)
- Passenger Information Management System: Smart Cities Market, 2019-2026 (USD Million)
- Freight Information System: Smart Cities Market, 2019-2026 (USD Million)
- Connected Vehicles: Smart Cities Market, 2019-2026 (USD Million)
- Others Solutions: Smart Cities Market, 2019-2026 (USD Million)
- Services
- Services: Smart Cities Market, 2019-2026 (USD Million)
- Consulting: Smart Cities Market, 2019-2026 (USD Million)
- Deployment & Integration: Smart Cities Market, 2019-2026 (USD Million)
- Infrastructure Monitoring & Management: Smart Cities Market, 2019-2026 (USD Million)
Smart Cities Market: By Type of Smart Buildings
- Introduction
- Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- Type
- Type: Smart Cities Market, 2019-2026 (USD Million)
- Residential: Smart Cities Market, 2019-2026 (USD Million)
- Commercial: Smart Cities Market, 2019-2026 (USD Million)
- Solutions
- Solutions: Smart Cities Market, 2019-2026 (USD Million)
- Building Energy Infrastructure: Smart Cities Market, 2019-2026 (USD Million)
- Services
- Services: Smart Cities Market, 2019-2026 (USD Million)
- Consulting: Smart Cities Market, 2019-2026 (USD Million)
- Deployment & Integration: Smart Cities Market, 2019-2026 (USD Million)
- Infrastructure Monitoring & Management: Smart Cities Market, 2019-2026 (USD Million)
Smart Cities Market: By Type of Smart Utilities Solutions
- Introduction
- Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- Type
- Type: Smart Cities Market, 2019-2026 (USD Million)
- Energy: Smart Cities Market, 2019-2026 (USD Million)
- Gas: Smart Cities Market, 2019-2026 (USD Million)
- Water: Smart Cities Market, 2019-2026 (USD Million)
- Other Utilities: Smart Cities Market, 2019-2026 (USD Million)
- Solutions
- Solutions: Smart Cities Market, 2019-2026 (USD Million)
- Advanced Metering Infrastructure: Smart Cities Market, 2019-2026 (USD Million)
- Meter Data Management: Smart Cities Market, 2019-2026 (USD Million)
- Meter Data Analytics: Smart Cities Market, 2019-2026 (USD Million)
- Smart Meters: Smart Cities Market, 2019-2026 (USD Million)
- Distribution Management System: Smart Cities Market, 2019-2026 (USD Million)
- Substation Automation: Smart Cities Market, 2019-2026 (USD Million)
- Other Solutions: Smart Cities Market, 2019-2026 (USD Million)
- Services
- Services: Smart Cities Market, 2019-2026 (USD Million)
- Consulting: Smart Cities Market, 2019-2026 (USD Million)
- Deployment & Integration: Smart Cities Market, 2019-2026 (USD Million)
- Infrastructure Monitoring & Management: Smart Cities Market, 2019-2026 (USD Million)
Smart Cities Market: By Type of Smart Citizen Services
- Introduction
- Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Public Safety
- Public Safety: Smart Cities Market, 2019-2026 (USD Million)
- Smart Healthcare
- Smart Healthcare: Smart Cities Market, 2019-2026 (USD Million)
- Smart Education
- Smart Education: Smart Cities Market, 2019-2026 (USD Million)
- Smart Street Lighting
- Smart Street Lighting: Smart Cities Market, 2019-2026 (USD Million)
- E-Governance
- E-Governance: Smart Cities Market, 2019-2026 (USD Million)
Smart Cities Market: By Region
- Introduction
- Global Smart Cities Market, Regional Analysis, 2019-2026 (USD Million)
- North America
- North America Smart Cities Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Focus Area
- North America Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- North America Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- North America Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- North America Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- North America Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- By Country
- U.S
- By Type of Focus Area
- U.S Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- U.S Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- U.S Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- U.S Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- U.S Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Canada.
- By Type of Focus Area
- Canada Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Canada Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Canada Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Canada Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Canada Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Mexico
- By Type of Focus Area
- Mexico Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Mexico Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Mexico Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Mexico Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Mexico Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Europe
- Europe Smart Cities Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Focus Area
- Europe Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Europe Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Europe Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Europe Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Europe Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- By Country
- Germany
- By Type of Focus Area
- Germany Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Germany Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Germany Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Germany Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Germany Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- UK
- By Type of Focus Area
- UK Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- UK Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- UK Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- UK Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- UK Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- France
- By Type of Focus Area
- France Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- France Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- France Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- France Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- France Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Italy
- By Type of Focus Area
- Italy Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Italy Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Italy Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Italy Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Italy Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Rest Of Europe
- By Type of Focus Area
- Rest Of Europe Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Rest Of Europe Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Rest Of Europe Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Rest Of Europe Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Rest Of Europe Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Asia Pacific
- Asia Pacific Smart Cities Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Focus Area
- Asia Pacific Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Asia Pacific Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Asia Pacific Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Asia Pacific Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Asia Pacific Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- By Country
- China
- By Type of Focus Area
- China Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- China Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- China Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- China Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- China Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Japan
- By Type of Focus Area
- Japan Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Japan Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Japan Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Japan Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Japan Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- India
- By Type of Focus Area
- India Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- India Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- India Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- India Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- India Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Central & South America
- Central & South America Smart Cities Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Focus Area
- Central & South America Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Central & South America Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Central & South America Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Central & South America Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Central & South America Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- By Country
- Brazil
- By Type of Focus Area
- Brazil Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Brazil Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Brazil Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Brazil Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Brazil Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Smart Cities Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Focus Area
- Middle East & Africa Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Middle East & Africa Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Middle East & Africa Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Middle East & Africa Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Middle East & Africa Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- By Country
- Saudi Arabia
- By Type of Focus Area
- Saudi Arabia Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- Saudi Arabia Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- Saudi Arabia Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- Saudi Arabia Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- Saudi Arabia Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
- UAE
- By Type of Focus Area
- UAE Smart Cities Market, By Type of Focus Area, 2019-2026 (USD Million)
- By Smart Transportation
- UAE Smart Cities Market, By Smart Transportation, 2019-2026 (USD Million)
- By Type of Smart Buildings
- UAE Smart Cities Market, By Type of Smart Buildings, 2019-2026 (USD Million)
- By Type of Smart Utilities Solutions
- UAE Smart Cities Market, By Type of Smart Utilities Solutions, 2019-2026 (USD Million)
- By Type of Smart Citizen Services
- UAE Smart Cities Market, By Type of Smart Citizen Services, 2019-2026 (USD Million)
The global Smart Cities Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Smart Cities Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.