Global Smart Cities Market, By Application (Smart Homes, Smart Buildings, Smart Energy Management, Smart Industrial Automation, Smart Healthcare, Smart Transportation, Smart Security, Others), and opportunities and forecast 2020-2027
Smart Cities Market Overview
Global Smart Cities Market is expected to be witnessing a significant rise due to increasing urbanization across the world. This market is expected to grow, due to the growing demand for public safety, and increasing government initiatives. In smart cities, technologies such as video surveillance, DNA phenotyping, and real-time license plate and facial recognition are extensively used for public safety, indicating the need for surveillance to ensure the safety of citizens.
Furthermore, the rising urban population due to the increasing migration of people from rural to urban areas is also rises the growth of the market. In addition, the growing consciousness among consumers regarding the conservation of energy and the increasing trend of green infrastructure is further supporting the growth of this market significantly.
On the other hand, several worries over security and the lack of engagement of stakeholders may hinder the growth of the global Smart Cities market in the coming years. Apart from this, the arrival of driverless cars, electronic waste management systems, and wearable computing devices are anticipated to minimize the impacts of restraints in the forthcoming years.
Covid-19 Impact on Smart Cities Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Smart Cities Market Segment Overview
Based on Application, the Smart Transportation segment dominated the market in 2020. Increasing traffic congestion issues due to rapid urbanization, coupled with the need to modernize public transportation infrastructure, are boosting the market growth in both developing and developed countries globally. Moreover, the increasing adoption of IoT technology in the field of transportation has also empowered authorities by offering efficient traffic management in cities. Additionally, the Smart Energy Management segment accounted for the largest revenue share in the market. Important functionalities offered by a majority of the energy management solutions include collection and analysis of energy consumption data, identification of energy-saving opportunities, and tracking the progress and ongoing grid improvements.
Smart Cities Market, By Application
· Smart Homes · Smart Buildings · Smart Energy Management · Smart Industrial Automation · Smart Healthcare · Smart Transportation · Smart Security · Others (Smart Education, Smart Water Management, so on)
Smart Cities Market Regional Overview
North America dominated the market in 2020 and accounted for the maximum revenue share in the market. The growth can be mainly attributed to the continuous digital transformation in various sectors such as telecom, retail, and banking. Additionally, other factors such as sophisticated ICT infrastructure, the collaboration of federal and local governments with ICT vendors and start-ups, and the presence of prominent technology vendors are majorly contributing towards the growth of the market in this region. Similarly, the Asia Pacific is projected to emerge as the fastest-growing market in the forecast period. This growth is on the account of the increased focus on the development of digital infrastructure in the region. Moreover, growing urbanization and a rising disposable income are further projected to fuel the growth of the market in this region. As well, other noteworthy factors such as the rise in IT spending supported by government initiatives in developing countries such as China, Singapore, India, and South Korea are contributing more to the development of the market in this region.
Smart Cities Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Cities Market, Key Players
· Oracle Corp. · Intel Corp. · Hitachi Ltd. · International Business Machines (IBM) Corp. · General Electric Co. · Honeywell International Inc. · Telefonaktiebolaget L. M. Ericsson · Dassault Systemes S.A. · Cisco Systems Inc. · Alcatel-Lucent SA. · Alstom S.A. · Siemens AG. · Accenture Plc · ABB Ltd.
Smart Cities Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Application
5.2.1. Smart Homes
5.2.2. Smart Buildings
5.2.3. Smart Energy Management
5.2.4. Smart Industrial Automation
5.2.5. Smart Healthcare
5.2.6. Smart Transportation
5.2.7. Smart Security
5.2.8. Others (Smart Education, Smart Water Management, so on)
5.3. Market Analysis, Insights and Forecast – By Region
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Latin America, Middle East and Africa
6. North America Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Application
6.2.1. Smart Homes
6.2.2. Smart Buildings
6.2.3. Smart Energy Management
6.2.4. Smart Industrial Automation
6.2.5. Smart Healthcare
6.2.6. Smart Transportation
6.2.7. Smart Security
6.2.8. Others (Smart Education, Smart Water Management, so on)
6.3. Market Analysis, Insights and Forecast – By Country
6.3.1. U.S.
6.3.2. Canada
7. Europe Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Application
7.2.1. Smart Homes
7.2.2. Smart Buildings
7.2.3. Smart Energy Management
7.2.4. Smart Industrial Automation
7.2.5. Smart Healthcare
7.2.6. Smart Transportation
7.2.7. Smart Security
7.2.8. Others (Smart Education, Smart Water Management, so on)
7.3. Market Analysis, Insights and Forecast – By Country
7.3.1. UK
7.3.2. Germany
7.3.3. France
7.3.4. Italy
7.3.5. Spain
7.3.6. Russia
7.3.7. Rest of Europe
8. Asia Pacific Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Application
8.2.1. Smart Homes
8.2.2. Smart Buildings
8.2.3. Smart Energy Management
8.2.4. Smart Industrial Automation
8.2.5. Smart Healthcare
8.2.6. Smart Transportation
8.2.7. Smart Security
8.2.8. Others (Smart Education, Smart Water Management, so on)
8.3. Market Analysis, Insights and Forecast – By Country
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. Australia
8.3.5. South East Asia
8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Application
9.2.1. Smart Homes
9.2.2. Smart Buildings
9.2.3. Smart Energy Management
9.2.4. Smart Industrial Automation
9.2.5. Smart Healthcare
9.2.6. Smart Transportation
9.2.7. Smart Security
9.2.8. Others (Smart Education, Smart Water Management, so on)
9.3. Market Analysis, Insights and Forecast – By Country
9.3.1. Brazil
9.3.2. Saudi Arabia
9.3.3. UAE
9.3.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Oracle Corp.
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Intel Corp.
10.6. Hitachi Ltd.
10.7. International Business Machines (IBM) Corp.
10.8. General Electric Co.
10.9. Honeywell International Inc.
10.10. Telefonaktiebolaget L. M. Ericsson
10.11. Dassault Systemes S.A.
10.12. Cisco Systems Inc.
10.13. Alcatel-Lucent SA.
10.14. Alstom S.A.
10.15. Siemens AG.
10.16. Accenture Plc
List of Figures
Figure 1: Global Smart Cities Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Smart Cities Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Smart Cities Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Smart Cities Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Smart Cities Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Smart Cities Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Smart Cities Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Smart Cities Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Smart Cities Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Smart Cities Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Smart Cities Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Smart Cities Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Smart Cities Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Smart Cities Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Smart Cities Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Smart Cities Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Smart Cities Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Smart Cities Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Smart Cities Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Smart Cities Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Smart Cities Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Smart Cities Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Smart Cities Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Smart Cities Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Smart Cities Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Smart Cities Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Smart Cities Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Smart Cities Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Smart Cities Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Smart Cities Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Smart Cities Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Smart Cities Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Smart Cities Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Smart Cities Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Smart Cities Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Smart Cities Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Smart Cities Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Smart Cities Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Smart Cities Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Smart Cities Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Smart Cities Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Smart Cities Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Smart Cities Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Smart Cities Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Smart Cities Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Smart Cities Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Smart Cities Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Smart Cities Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Smart Cities Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Smart Cities Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Smart Cities Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Smart Cities Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Smart Cities Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Smart Cities Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Smart Cities Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Smart Cities Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Smart Cities Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Smart Cities Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Smart Cities Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Smart Cities Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Smart Cities Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Smart Cities Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Smart Cities Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Smart Cities Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Smart Cities Market Revenue (USD Billion) Forecast, by Country, 2016-2027
