Smart Cities Market to Reach Approximately USD 263,495 Mn by 2026

The global Smart Cities Market size is anticipated to around USD 263,495 million by 2026, this market is anticipated to grow with 18% CAGR during the forecast time period.

With rapid urbanization smart cities is gaining traction, major cities are attracting talent from everywhere and technology is playing a major role as it has been incorporated into day to day life of people. The smart approach is to develop and deploy sustainable living by incorporating the information and communication technologies. With the adoption of cloud service the government is focused on providing service on real time basis that would help the enterprises and citizen for better decision making.

With the advent of IoT across various industry verticals government approach towards facilitating the information sharing and improve the quality of service is a major factor propelling the global market growth. Technology has been incorporated by cities from many years as it simplifies and provides solution to rapid pace life. With the digitalization shift and decentralization in mind the government is focused on creating and efficient management system.

Rapid technological advancements in electronic devices, easy availability of high speed internet in developed and emerging economies, and increasing adoption of smart devices from consumers are among other factors expected to support the market growth.

The government of developed companies is focused in providing sustainable environment for growth through incorporation of various connected devices that would help in improving the lives is another factors expected to impact the growing traction to a certain extent.

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Smart Cities Market (By Application: Governance [City Surveillance, Command & Control Solution, E-governance, Lighting, Infrastructure], Building, Environmental Solution, Utilities [Energy Management, Water Management, Waste Management], Transportation [Intelligent Transportation System, Parking Management, Ticketing & Travel Assistance], Healthcare) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

However, factors such as lack of infrastructure facility in developing countries in order to support the adoption of advanced devices is hampering the market growth. In addition, high risks associated to data theft and concern related to data privacy and security are factors challenging the market growth.

Government initiatives with the help of major players towards development of integrated systems that provide proper end-to end solution and with rising adoption of IoT devices will create new opportunities over the forecast period. In addition, booming IT sector in developing countries and introduction of 5G are factors promoting the growth of smart cities which is further expected to support the market traction.

Among the application, the government is expected to dominate the target segment due to high spending on development infrastructure. Various development projects related to city surveillance, smart lighting, etc. are carried out by the government.

The market in North America is expected to account for high revenue share due to availability of advanced infrastructure in order to support easy adoption of these devices. High government spending on development of sustainable infrastructure and adoption of new technologies such as big data, cloud computing, etc. is expected to support the regional growth.

Moreover, to a certain extent factor such as focus of major players on introduction of new products and further inclination towards developing countries in order to increase the profit will boost the market growth.

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The Asia Pacific market is expected to witness high growth owing to various smart cities projects from the government of emerging economies. High government spending and deployment of various projects by the government of developing countries is expected to support regional growth.

Moreover, rising public-private partnerships and increasing collaboration activities in order to overcome the smart city challenges is expected to positively support the market traction. In 2019, according to Indian Brand Equity Foundation, India and Sweden launched a joint program that will work towards addressing a range of challenges around smart cities and clean technologies among others.

Some of the major players operating in the target market are Accenture, Schneider Electric SE, ABB Limited, Siemens AG, IBM Corporation, Cisco Systems, Inc., and Microsoft Corporation. High investment by major players for development of advanced products and business expansion activities is expected to create a competitive scenario. Furthermore, approach towards increasing the customer base and expand the product portfolio through business acquisitions is expected to further increase the competition.

Market Segmentation

Market By Application:

Governance

City Surveillance
Command & Control Solution
E-governance
Lighting
Infrastructure

Building

Environmental Solution

Utilities

Energy Management
Water Management
Waste Management

Transportation

Intelligent Transportation System
Parking Management
Ticketing & Travel Assistance

Healthcare

Market By Region

North America

US
Canada

Europe

UK
Germany
France
Spain
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest if Latin America

Middle East & Africa

GCC
South Africa
Rest of Meddle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Smart Cities
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Smart Cities Market By Application
1.2.2.1. Global Smart Cities Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.2.2. Global Smart Cities Market Revenue Share By Application in 2018
1.2.2.3. Governance
1.2.2.3.1. City Surveillance
1.2.2.3.2. Command & Control Solution
1.2.2.3.3. E-governance
1.2.2.3.4. Lighting
1.2.2.3.5. Infrastructure
1.2.2.4. Building
1.2.2.5. Environmental Solution
1.2.2.6. Utilities
1.2.2.6.1. Energy Management
1.2.2.6.2. Water Management
1.2.2.6.3. Waste Management
1.2.2.7. Transportation
1.2.2.7.1. Intelligent Transportation System
1.2.2.7.2. Parking Management
1.2.2.7.3. Ticketing & Travel Assistance
1.2.2.8. Healthcare
1.2.3. Smart Cities Market By Geography
1.2.3.1. Global Smart Cities Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.3.2. North America Smart Cities Market Revenue and Growth Rate(2015-2026)
1.2.3.3. Europe Smart Cities Market Revenue and Growth Rate(2015-2026)
1.2.3.4. Asia-Pacific Smart Cities Market Revenue and Growth Rate(2015-2026)
1.2.3.5. Latin America Smart Cities Market Revenue and Growth Rate(2015-2026)
1.2.3.6. Middle East and Africa (MEA)Smart Cities Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Smart Cities Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Smart Cities Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Smart Cities Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Smart Cities Major Manufacturers in 2018

CHAPTER 4. SMART CITIES MARKET BY APPLICATION
4.1. Global Smart Cities Revenue By Application
4.2. Governance
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.2.3. City Surveillance
4.2.4. Command & Control Solution
4.2.5. E-governance
4.2.6. Lighting
4.2.7. Infrastructure
4.3. Building
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Environmental Solution
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Utilities
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5.3. Energy Management
4.5.4. Water Management
4.5.5. Waste Management
4.6. Transportation
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6.3. Intelligent Transportation System
4.6.4. Parking Management
4.6.5. Ticketing & Travel Assistance
4.7. Healthcare
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. NORTH AMERICA SMART CITIES MARKET BY COUNTRY
5.1. North America Smart Cities Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2. North America Smart Cities Market Revenue Share Comparison, 2015 & 2026 (%)
5.3. U.S.
5.3.1. U.S. Smart Cities Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
5.4. Canada
5.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 6. EUROPE SMART CITIES MARKET BY COUNTRY
6.1. Europe Smart Cities Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. Europe Smart Cities Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. UK
6.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Germany
6.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.5. France
6.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.6. Spain
6.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.7. Rest of Europe
6.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 7. ASIA-PACIFIC SMART CITIES MARKET BY COUNTRY
7.1. Asia-Pacific Smart Cities Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Asia-Pacific Smart Cities Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. China
7.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Japan
7.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. India
7.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Australia
7.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. South Korea
7.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.8. Rest of Asia-Pacific
7.8.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 8. LATIN AMERICA SMART CITIES MARKET BY COUNTRY
8.1. Latin America Smart Cities Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Latin America Smart Cities Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. Brazil
8.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Mexico
8.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. Rest of Latin America
8.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 9. MIDDLE EAST & AFRICA SMART CITIES MARKET BY COUNTRY
9.1. Middle East & Africa Smart Cities Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Middle East & Africa Smart Cities Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. GCC
9.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. South Africa
9.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Middle East & Africa
9.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 10. COMPANY PROFILE
10.1. Accenture
10.1.1. Company Snapshot
10.1.2. Overview
10.1.3. Financial Overview
10.1.4. Product Portfolio
10.1.5. Key Developments
10.1.6. Strategies
10.2. ABB Limited
10.2.1. Company Snapshot
10.2.2. Overview
10.2.3. Financial Overview
10.2.4. Product Portfolio
10.2.5. Key Developments
10.2.6. Strategies
10.3. Schneider Electric SE
10.3.1. Company Snapshot
10.3.2. Overview
10.3.3. Financial Overview
10.3.4. Product Portfolio
10.3.5. Key Developments
10.3.6. Strategies
10.4. Cisco Systems, Inc.
10.4.1. Company Snapshot
10.4.2. Overview
10.4.3. Financial Overview
10.4.4. Product Portfolio
10.4.5. Key Developments
10.4.6. Strategies
10.5. Siemens AG
10.5.1. Company Snapshot
10.5.2. Overview
10.5.3. Financial Overview
10.5.4. Product Portfolio
10.5.5. Key Developments
10.5.6. Strategies
10.6. IBM Corporation
10.6.1. Company Snapshot
10.6.2. Overview
10.6.3. Financial Overview
10.6.4. Product Portfolio
10.6.5. Key Developments
10.6.6. Strategies
10.7. Microsoft Corporation
10.7.1. Company Snapshot
10.7.2. Overview
10.7.3. Financial Overview
10.7.4. Product Portfolio
10.7.5. Key Developments
10.7.6. Strategies
10.8. Oracle Corporation
10.8.1. Company Snapshot
10.8.2. Overview
10.8.3. Financial Overview
10.8.4. Product Portfolio
10.8.5. Key Developments
10.8.6. Strategies
10.9. Honeywell International Inc.
10.9.1. Company Snapshot
10.9.2. Overview
10.9.3. Financial Overview
10.9.4. Product Portfolio
10.9.5. Key Developments
10.9.6. Strategies
10.10. Hitachi, Ltd.
10.10.1. Company Snapshot
10.10.2. Overview
10.10.3. Financial Overview
10.10.4. Product Portfolio
10.10.5. Key Developments
10.10.6. Strategies
10.11. Huawei Technologies Co. Ltd.
10.11.1. Company Snapshot
10.11.2. Overview
10.11.3. Financial Overview
10.11.4. Product Portfolio
10.11.5. Key Developments
10.11.6. Strategies
10.12. Intel Corporation
10.12.1. Company Snapshot
10.12.2. Overview
10.12.3. Financial Overview
10.12.4. Product Portfolio
10.12.5. Key Developments
10.12.6. Strategies
10.13. Others
10.13.1. Company Snapshot
10.13.2. Overview
10.13.3. Financial Overview
10.13.4. Product Portfolio
10.13.5. Key Developments
10.13.6. Strategies

CHAPTER 11. RESEARCH APPROACH
11.1. Research Methodology
11.1.1. Initial Data Search
11.1.2. Secondary Research
11.1.3. Primary Research
11.2. Assumptions and Scope

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