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Global Smart Cities Market Size, Share, Analysis, Forecast: By Component: Services, Hardware, Software; By Solution: Smart Transportation, Smart Building, Smart Utilities, Smart Public Safety, Smart Healthcare, Smart Security, Smart Education, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Competitive Landscape
Schneider Electric SE, founded in 1836, is a leading energy and process technology company that is headquartered in Rueil Malmaison, France. Through its innovative technologies, software, services, and solutions, the company aims to drive digitisation and electrification while creating a sustainable and smarter world.
Hitachi Ltd., headquartered in Tokyo, Japan, is a prominent company centred around sectors like energy, mobility, smart life, IT, and industrial. Since its foundation in 1910, the company has introduced various solutions, technologies, and products to improve the quality of life of people. It also offers various solutions to build resilient smart city infrastructure.
Koninklijke Philips NV is a leading technology, electronics, and health company that was founded in 1891. It is based in Amsterdam, the Netherlands, and creates innovative products that can improve the well-being and health of people. The company also offers various smart city solutions like smart parking monitoring services and intelligent lighting systems, among others.
Other smart cities market players include Cisco Systems, Inc., ABB Limited, Siemens AG, Honeywell International Inc., Huawei Technologies Co. Ltd., Microsoft Corporation, IBM Corporation, Oracle Corporation, Intel Corporation, AT&T Communications, LLC, Nokia Corporation, and Verizon Communications Inc., among others.
Smart Cities Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Cities Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Cities Historical Market (2018-2023)
8.3 Global Smart Cities Market Forecast (2024-2032)
8.4 Global Smart Cities Market by Component
8.4.1 Services
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hardware
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Software
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Smart Cities Market by Solution
8.5.1 Smart Transportation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Smart Ticketing
8.5.1.3.2 Traffic Management System
8.5.1.3.3 Passenger Information Management System
8.5.1.3.4 Freight Information System
8.5.1.3.5 Connected Vehicles
8.5.1.3.6 Others
8.5.2 Smart Building
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Type
8.5.2.3.1 Building Energy Optimization
8.5.2.3.2 Emergency Management System
8.5.2.3.3 Parking Management System
8.5.2.3.4 Others
8.5.3 Smart Utilities
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Breakup by Type
8.5.3.3.1 Advanced Metering Infrastructure
8.5.3.3.2 Distribution Management System
8.5.3.3.3 Substation Automation
8.5.3.3.4 Others
8.5.4 Smart Public Safety
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Smart Healthcare
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Smart Security
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Smart Education
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Smart Cities Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Smart Cities Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Cities Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Cities Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Cities Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Cities Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cisco Systems, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ABB Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Siemens AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Honeywell International Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Huawei Technologies Co. Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Microsoft Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 IBM Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Oracle Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Schneider Electric SE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Hitachi Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Intel Corporation
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 AT&T Communications, LLC
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Nokia Corporation
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Koninklijke Philips NV
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Verizon Communications Inc.
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
15.2.16 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Cities Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Cities Historical Market: Breakup by Component (USD Trillion), 2018-2023
3. Global Smart Cities Market Forecast: Breakup by Component (USD Trillion), 2024-2032
4. Global Smart Cities Historical Market: Breakup by Solution (USD Trillion), 2018-2023
5. Global Smart Cities Market Forecast: Breakup by Solution (USD Trillion), 2024-2032
6. Global Smart Cities Historical Market: Breakup by Region (USD Trillion), 2018-2023
7. Global Smart Cities Market Forecast: Breakup by Region (USD Trillion), 2024-2032
8. North America Smart Cities Historical Market: Breakup by Country (USD Trillion), 2018-2023
9. North America Smart Cities Market Forecast: Breakup by Country (USD Trillion), 2024-2032
10. Europe Smart Cities Historical Market: Breakup by Country (USD Trillion), 2018-2023
11. Europe Smart Cities Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12. Asia Pacific Smart Cities Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. Asia Pacific Smart Cities Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Latin America Smart Cities Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Latin America Smart Cities Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Middle East and Africa Smart Cities Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Middle East and Africa Smart Cities Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Global Smart Cities Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 1.14 trillion.
The market is assessed to grow at a CAGR of 15.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.14 trillion by 2032.
The major market drivers the growing implementation of smart transportation solutions and the rising urbanisation.
The growing trend of sustainability, advancements in technologies and 5G infrastructure, and surging attempts to enhance social equity in cities are the key trends aiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant components of smart cities are services, hardware, and software.
The major players in the market are Cisco Systems, Inc., ABB Limited, Siemens AG, Honeywell International Inc., Huawei Technologies Co. Ltd., Microsoft Corporation, IBM Corporation, Oracle Corporation, Schneider Electric SE, Hitachi Ltd., Intel Corporation, AT&T Communications, LLC, Nokia Corporation, Koninklijke Philips NV, and Verizon Communications Inc., among others.
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