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Report Overview
The global smart city platform market reached a value of approximately USD 50.15 Billion in 2025. The market is projected to grow at a CAGR of 49.20% between 2026 and 2035, reaching a value of around USD 2741.32 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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The Ministry of Housing and Urban Affairs initiated the Smart Cities Mission (SCM) to develop 100 Smart Cities in India.
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The Smart Cities Mission in India has been allotted Rs. 2,236 crores under the Interim Union Budget 2024–25, down from Rs. 7,535 crores in the FY24.
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In 2023, Chinese government spending on smart city initiatives had reached USD 38.92 billion, as reported by the USCC.
Smart City Platform Market Competitive Landscape
The companies are a provider of products including data management, storage platforms, smart devices, industrial technology, and others.
Hitachi Vantara LLC: Founded in 1910 and based in Santa Clara, California, the company offers a wide range of products, including storage platforms, data management solutions, and integrated systems for diverse applications.
Huawei Technologies Co., Ltd.: Established in 1987 and based in Shenzhen, Guangdong. The company works as a leading global provider of information and communications technology (ICT) infrastructure and smart devices.
Schneider Electric SE: Founded in 1836 and based in Rueil Malmaison, Paris. The company is a worldwide leader in industrial technology, offering unparalleled expertise in electrification, automation, and digitization.
Siemens Aktiengesellschaft: Founded in 1847 and based in Munich, Germany, the company is dedicated to technology, focusing on advancements in industry, infrastructure, transportation, and healthcare sectors to drive innovation and efficiency.
Other global smart city platform market key players are Cisco Systems, Inc., and IBM Corporation, among others.
Smart City Platform 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.*
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Key Questions Answered in the Report
The smart city platform market was valued at USD 50.15 Billion in 2025.
The smart city platform market is projected to grow at a CAGR of 49.20% between 2026 and 2035.
The revenue generated from the smart city platform market is expected to reach USD 2741.32 Billion in 2035.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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.
The market is categorised according to the platform type, which includes connectivity management platform, integration platform, device management platform, data management platform, and security management platform.
Based on the application, the market is divided into smart mobility/transportation, smart security, smart utilities, smart governance, smart infrastructure, smart healthcare, and others.
Based on the deployment, the market is divided into on-premises and cloud.
The key players are Hitachi Vantara LLC, Huawei Technologies Co., Ltd., Schneider Electric SE, Siemens Aktiengesellschaft, Cisco Systems, Inc., and IBM Corporation, among others.
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