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Global Smart City Platform Market: By Platform Type: Connectivity Management Platform, Integration Platform, Device Management Platform, Others; By Application; By Deployment; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Smart City Platform Market Outlook

The global smart city platform market stood at a value of around USD 15.1 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 49.20% to reach USD 166.4 billion by 2027.

 

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.

 

Global Smart City Platform Market

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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.

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.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Smart City Platform Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart City Platform Historical Market (2017-2021) 
    8.3    Global Smart City Platform Market Forecast (2022-2027)
    8.4    Global Smart City Platform Market by Platform Type
        8.4.1    Connectivity Management Platform
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Integration Platform
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Device Management Platform
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Data Management Platform
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Security Management Platform
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
    8.5    Global Smart City Platform Market by Application 
        8.5.1    Smart Mobility/Transportation
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Smart Security
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Smart Utilities
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Smart Governance 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Smart Infrastructure
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Smart Healthcare 
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Others
    8.6    Global Smart City Platform Market by Deployment
        8.6.1    On-premise
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.7.2    Cloud
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Smart City Platform Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Hitachi Vantara LLC
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Huawei Technologies Co., Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Schneider Electric SE
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Siemens Aktiengesellschaft
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Cisco Systems, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    IBM Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Smart City Platform Market: Key Industry Highlights, 2017 and 2027
2.    Global Smart City Platform Historical Market: Breakup by Platform Type (USD Billion), 2017-2021
3.    Global Smart City Platform Market Forecast: Breakup by Platform Type (USD Billion), 2022-2027
4.    Global Smart City Platform Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Smart City Platform Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Smart City Platform Historical Market: Breakup by Deployment (USD Billion), 2017-2021
7.    Global Smart City Platform Market Forecast: Breakup by Deployment (USD Billion), 2022-2027
8.    Global Smart City Platform Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Smart City Platform Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Smart City Platform Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Smart City Platform Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Smart City Platform Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Smart City Platform Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Smart City Platform Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Smart City Platform Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Smart City and Platform Market Structure

Key Questions Answered in the Report

In 2021, the global smart city platform market attained a value of nearly USD 15.1 billion.

The market is estimated to grow at a CAGR of 49.20%  between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 166.4 billion  by 2027.

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 15.1 billion in 2021, 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 2022-2027, growing at a CAGR of 49.20%. The market is projected to reach USD 166.4 billion  by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro 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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