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Market Share

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

Market Share by Solution

Smart transportation accounts for a significant smart cities market share, attributed to increasing investments in intelligent streets and the development of advanced smart mobility solutions like autonomous vehicles and digital railways. The rising trend of digitisation of payments and the growing popularity of e-tickets are also likely to aid the segment’s growth. With governments globally investing in intelligent, safe, and user-friendly smart mobility, the segment is anticipated to expand in the forecast period.

 

Market Share by Region

As per the smart cities market analysis, Europe has pioneered the smart city movement due to the increased focus on clean energy transition, socioeconomic equity, and sustainability. Cities like Barcelona, London, Berlin, and Amsterdam have extensively deployed ICT technologies to achieve carbon neutrality, support the rising ageing population, and create attractive job opportunities. Besides, improving transit infrastructure, renovation of ageing infrastructure, and the growing implementation of smart solutions like smart meters in cities are likely to further aid the market in the coming years.

 

Smart Cities Market Report Snapshots

Smart Cities Market Size

Smart Cities Market Analysis

Smart Cities Market Share

Smart Cities Companies

 

*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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