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Global Smart City Platform Market Size, Analysis, Growth: By Platform Type: Connectivity Management Platform, Integration Platform, Device Management Platform, Data Management Platform, Security Management Platform; By Application; By Deployment; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Smart City Platform Market Outlook
The global smart city platform market stood at a value of around USD 33.61 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 42.5% to reach USD 850.11 billion by 2032.
Increasing Demand for Advanced Data Management Platform to Bolster the Global Smart City Platform Industry
Data management platforms in smart cities allow users to share data, facilitate the creation of a new product, and enable cost savings. Improved data management systems in smart cities help connect citizens and visitors efficiently, enhancing their experience.
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In addition to this, a data management platform offers various advantages including visibility, reliability, security, and scalability and bolsters the efficiency of various operations within the city. Furthermore, the growing penetration of the internet of things (IoT) is anticipated to provide an impetus to the market in the forecast period.
The Asia Pacific Accounts for a Significant Share in the Market
The smart city platform industry in the Asia Pacific is driven by the rapid urbanisation, increasing disposable incomes, and strong economic growth in emerging countries of the region. In addition to this, the expanding IT sector and the favourable government investments in the development of smart cities in the region are likely to aid the market. Moreover, the rapid digitalisation globally is expected to offer lucrative opportunities for the market expansion.
Smart City Platform: Market Segmentation
A smart city platform is defined as a system which facilitates various operations across a city by utilising smart technologies. This includes building automation systems, smart lighting systems, renewable power, intelligent security systems, and artificial intelligence, among others. Smart city platform boosts the interoperability of different sectors in the city.
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Based on platform type, the market can be segmented into:
- Connectivity Management Platform
- Integration Platform
- Device Management Platform
- Data Management Platform
- Security Management Platform
The major applications of smart city platform include:
- Smart Mobility/Transportation
- Smart Security
- Smart Utilities
- Smart Governance
- Smart Infrastructure
- Smart Healthcare
- Others
On the basis of deployment, the market is segmented into:
- On-premise
- Cloud
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Efforts to Bolster Smart Governance to Aid the Global Market for Smart City Platform
The increasing efforts to promote smart governance for sustainable cities and introduce citizen-centric smart governance programmes are driving the market growth. Smart city platform helps governments reach their beneficiaries and boost citizen engagement. In addition to this, the increasing adoption of smartphones, smart vehicles, tablets, and laptops has augmented the market growth. Furthermore, the increased demand for cloud-based models and the rising government expenditure to address pressing urban challenges and enhance security by embracing smart city agendas are likely to aid the market in the forecast period.
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Key Industry Players in the Global Smart City Platform Market
The report gives a detailed analysis of the following key players in the global smart city platform market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Hitachi Vantara LLC
- Huawei Technologies Co., Ltd.
- Schneider Electric SE
- Siemens Aktiengesellschaft
- Cisco Systems, Inc.
- IBM Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Platform Type, Application, Deployment, Region |
| Breakup by Platform Type | Connectivity Management Platform, Integration Platform, Device Management Platform, Data Management Platform, Security Management Platform |
| Breakup by Application | Smart Mobility/Transportation, Smart Security, Smart Utilities, Smart Governance, Smart Infrastructure, Smart Healthcare, Others |
| Breakup by Deployment | On-premise, Cloud |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Hitachi Vantara LLC, Huawei Technologies Co., Ltd., Schneider Electric SE, Siemens Aktiengesellschaft, Cisco Systems, Inc., IBM Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart City Platform Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart City Platform Historical Market (2018-2023)
8.3 Global Smart City Platform Market Forecast (2024-2032)
8.4 Global Smart City Platform Market by Platform Type
8.4.1 Connectivity Management Platform
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Integration Platform
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Device Management Platform
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Data Management Platform
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Security Management Platform
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Smart City Platform Market by Application
8.5.1 Smart Mobility/Transportation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Smart Security
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Smart Utilities
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Smart Governance
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Smart Infrastructure
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Smart Healthcare
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Smart City Platform Market by Deployment
8.6.1 On-premise
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.7.2 Cloud
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Smart City Platform Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Smart City Platform 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 City Platform 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 City Platform 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 City Platform 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 City Platform 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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hitachi Vantara LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Huawei Technologies Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schneider Electric SE
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Siemens Aktiengesellschaft
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cisco Systems, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 IBM Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart City Platform Market: Key Industry Highlights, 2018 and 2032
2. Global Smart City Platform Historical Market: Breakup by Platform Type (USD Billion), 2018-2023
3. Global Smart City Platform Market Forecast: Breakup by Platform Type (USD Billion), 2024-2032
4. Global Smart City Platform Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Smart City Platform Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Smart City Platform Historical Market: Breakup by Deployment (USD Billion), 2018-2023
7. Global Smart City Platform Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
8. Global Smart City Platform Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Smart City Platform Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Smart City Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Smart City Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Smart City Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Smart City Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Smart City Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Smart City and Platform Market Structure
Key Questions Answered in the Report
In 2023, the global smart city platform market attained a value of nearly USD 33.61 billion.
The market is estimated to grow at a CAGR of 42.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 850.11 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major industry drivers include the rising application of smart city platform in transportation and security systems, increasing investments in smart city projects, and the rapid digitalisation around the world.
The key market trends guiding the growth of the industry include the technological advancements in cloud-based e-governance software, including the addition of the latest features and the upgradation of existing models.
Connectivity management platform, integration platform, device management platform, data management platform, and security management platform are the major platform types included in the market report.
Smart mobility/transportation, smart security, smart utilities, smart governance, smart infrastructure, and smart healthcare, among others are the different applications of smart city platform.
On-premise and cloud are the different segments based on deployment.
The major players in the industry are Hitachi Vantara LLC, Huawei Technologies Co., Ltd., Schneider Electric SE, Siemens Aktiengesellschaft, Cisco Systems, Inc., and IBM Corporation, among others.
Analyst Review
The global smart city platform market attained a value of USD 33.61 billion in 2023, driven by the rapid digitalisation globally and the increasing smart city initiatives by the government. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 42.5%. The market is projected to reach USD 850.11 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the maczzro and micro aspects of the industry. Based on platform type, the market is divided into connectivity management platform, integration platform, device management platform, data management platform, and security management platform. On the basis of application, the market is divided into smart mobility/transportation, smart security, smart utilities, smart governance, smart infrastructure, and smart healthcare, among others. By deployment type, the market has been bifurcated into on-premise and cloud. The major regional markets for smart city platform are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Hitachi Vantara LLC, Huawei Technologies Co., Ltd., Schneider Electric SE, Siemens Aktiengesellschaft, Cisco Systems, Inc., and IBM Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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