Global Smart City Market Opportunities and Forecast 2020-2027

  • DLR1911
  • 25 October, 2021
  • Internet & Communication
  • Pages: 120
  • Global
Global Smart City Market, By End User (Smart homes, Smart buildings, Smart energy management, Smart industrial automation, Smart healthcare, Smart transportation, Smart security, Others (smart education, smart water management, so on)), and opportunities and forecast 2020-2027

Smart City Market Overview

The global Smart City market is expected to rise at a significant rate in the forecast period. This market is growing rapidly, primarily to the rising urbanization and migration of people from rural to urban locations around the world. Consumer awareness of energy conservation and the growing trend of green infrastructure are also helping to propel this market forward.
 
Furthermore, the global Smart City market has been primarily driven by increased investments by city governments, central/federal governments, and dedicated governing organizations. Financing and funding models, technological ecosystems, governance arrangements, and infrastructure investments all play important roles in smart city deployments and are likely to propel market expansion during the projection period.
 
On the other hand, significant security issues and a lack of stakeholder engagement may restrain the growth of the global smart cities market in the near future. Besides this, the introduction of driverless cars, electronic waste management systems, and wearable computing devices, according to the study paper, is projected to reduce the impact of constraints in the next years.

Report Metric Details
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered End User, and Region
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered 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.

Covid-19 Impact on Smart City Market 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 City Market Segment Overview



According to End User, Smart transportation is one of the largest segments in the global Smart City market. In the transportation industry, smart city technologies have a wide range of applications. The situation is anticipated to stay unchanged in the coming years, given the rising demand for sophisticated traffic management and the growing need to reduce the number of delivery vehicles and provide a better transportation environment.
 
Smart City Market, By End User
·       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 City Market Regional Overview

Region-wise, North America dominated the Smart City market in 2020 and is predicted to maintain its supremacy in the forthcoming years. The growth can be mainly attributed to the constant digital transformation across several industry verticals such as telecom, retail, and banking. Furthermore, North America is the main region for the market due to its well-developed ICT infrastructure, the collaboration of federal and local governments with ICT vendors and start-ups, and the presence of prominent technology vendors. These aspects are anticipated to drive innovation around smart technologies in the region. Similarly, Asia Pacific is projected to emerge as the fastest-growing regional market in the forecast period. This growth can be primarily attributed to the increased focus on the development of digital infrastructure in the region. Besides, increasing urbanization and growth in disposable income are further projected to propel the regional market growth over the forecast period. 
 
Smart City 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 City 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.
 

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the Smart City market?

A. The global Smart City market has been primarily driven by increased investments by city governments, central/federal governments, and dedicated governing organizations.

Q2. What are the restraining factors for the Smart City market?

A. Significant security issues and a lack of stakeholder engagement may restrain the growth of the global smart cities market in the near future.

Q3. Which region holds the largest share in the Smart City market?

A. North America held the largest share in the global Smart City market.

Q4. Which segment is projected to hold the largest share in the Smart City Market?

A. Smart transportation segment is projected to hold the largest share in the Smart City Market.

Q5. Which are the prominent players in the Smart City Market?

A. 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. are some key players in the Smart City Market.
Smart City 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 City Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By End User
        • 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 City Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By End User
        • 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 City Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By End User
        • 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 City Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By End User
        • 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 City Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By End User
        • 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 City Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
      Figure 2: Global Smart City Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 3: Global Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 4: Global Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 5: Global Smart City Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 6: Global Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 7: Global Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 8: Global Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 9: Global Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 10: Global Smart City Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 11: Global Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 12: Global Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 13: Global Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 14: Global Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 15: Global Smart City Market Value (USD Billion), by Region, 2019 & 2027
      Figure 16: North America Smart City Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 17: North America Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 18: North America Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 19: North America Smart City Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 20: North America Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 21: North America Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 22: North America Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 23: North America Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 24: North America Smart City Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 25: North America Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 26: North America Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 27: North America Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 28: North America Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 29: North America Smart City Market Forecast (USD Billion), by U.S., 2016-2027
      Figure 30: North America Smart City Market Forecast (USD Billion), by Canada, 2016-2027
      Figure 31: Latin America Smart City Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 32: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 33: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 34: Latin America Smart City Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 35: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 36: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 37: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 38: Latin America Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 39: Latin America Smart City Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 40: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 41: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 42: Latin America Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 43: Latin America Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 44: Latin America Smart City Market Forecast (USD Billion), by Brazil, 2016-2027
      Figure 45: Latin America Smart City Market Forecast (USD Billion), by Mexico, 2016-2027
      Figure 46: Latin America Smart City Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
      Figure 47: Europe Smart City Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 48: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 49: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 50: Europe Smart City Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 51: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 52: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 53: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 54: Europe Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 55: Europe Smart City Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 56: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 57: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 58: Europe Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 59: Europe Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 60: Europe Smart City Market Forecast (USD Billion), by U.K., 2016-2027
      Figure 61: Europe Smart City Market Forecast (USD Billion), by Germany, 2016-2027
      Figure 62: Europe Smart City Market Forecast (USD Billion), by France, 2016-2027
      Figure 63: Europe Smart City Market Forecast (USD Billion), by Italy, 2016-2027
      Figure 64: Europe Smart City Market Forecast (USD Billion), by Spain, 2016-2027
      Figure 65: Europe Smart City Market Forecast (USD Billion), by Russia, 2016-2027
      Figure 66: Europe Smart City Market Forecast (USD Billion), by Rest of Europe, 2016-2027
      Figure 67: Asia Pacific Smart City Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 68: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 69: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 70: Asia Pacific Smart City Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 71: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 72: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 73: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 74: Asia Pacific Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 75: Asia Pacific Smart City Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 76: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 77: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 78: Asia Pacific Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 79: Asia Pacific Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 80: Asia Pacific Smart City Market Forecast (USD Billion), by China, 2016-2027
      Figure 81: Asia Pacific Smart City Market Forecast (USD Billion), by India, 2016-2027
      Figure 82: Asia Pacific Smart City Market Forecast (USD Billion), by Japan, 2016-2027
      Figure 83: Asia Pacific Smart City Market Forecast (USD Billion), by Australia, 2016-2027
      Figure 84: Asia Pacific Smart City Market Forecast (USD Billion), by Southeast Asia, 2016-2027
      Figure 85: Asia Pacific Smart City Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
      Figure 86: Middle East & Africa Smart City Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 87: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 88: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 89: Middle East & Africa Smart City Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 90: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 91: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 92: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 93: Middle East & Africa Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 94: Middle East & Africa Smart City Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 95: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 96: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 97: Middle East & Africa Smart City Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 98: Middle East & Africa Smart City Market Forecast (USD Billion), by Others, 2016-2027
      Figure 99: Middle East & Africa Smart City Market Forecast (USD Billion), by GCC, 2016-2027
      Figure 100: Middle East & Africa Smart City Market Forecast (USD Billion), by South Africa, 2016-2027
      Figure 101: Middle East & Africa Smart City Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027 
      List of Tables
      Table 1: Global Smart City Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 2: Global Smart City Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 3: Global Smart City Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 4: Global Smart City Market Revenue (USD Billion) Forecast, by Region, 2016-2027
      Table 5: North America Smart City Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 6: North America Smart City Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 7: North America Smart City Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 8: North America Smart City Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 9: Europe Smart City Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 10: Europe Smart City Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 11: Europe Smart City Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 12: Europe Smart City Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 13: Latin America Smart City Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 14: Latin America Smart City Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 15: Latin America Smart City Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 16: Latin America Smart City Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 17: Asia Pacific Smart City Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 18: Asia Pacific Smart City Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 19: Asia Pacific Smart City Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 20: Asia Pacific Smart City Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 21: Middle East & Africa Smart City Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 22: Middle East & Africa Smart City Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 23: Middle East & Africa Smart City Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 24: Middle East & Africa Smart City Market Revenue (USD Billion) Forecast, by Country, 2016-2027

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