Product Code: 978-1-68038-270-9
Smart Cities Market Growth & Trends:
The global smart cities market size is anticipated to reach USD 3,757.9 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 29.4% from 2025 to 2030. The market growth can be attributed to rapid favorable government initiatives worldwide and emerging technologies, such as Artificial Intelligence (AI), cybersecurity, big data analytics, and the Internet of Things (IoT). This has encouraged several countries to invest in smart city projects to manage infrastructure and assets. Further, the increasing adoption of Electric Vehicles (EVs) has also created a demand for the development of charging infrastructure in cities globally. Due to this, it provides energy storage and creates new revenue streams from EV batteries. These benefits will further boost the smart cities market's growth during the forecast period.
The smart cities market is witnessing a high investment in smart security, smart metering for utilities, integrated traffic management systems, and smart mobility. Several technologically innovative cities use IoT platforms to monitor their infrastructure, manage traffic flows, water management, parking, and air quality, and use the generated smart data to handle longer-term decisions for environmental sustainability. Market players are establishing strategic partnerships with technology providers to improve their smart cities portfolio. For instance, in February 2022, an electric utility company, E.ON SE, partnered with telecom company Vodafone Group plc to develop smart water, gas, and electricity meters, accrelating the smart cities market growth.
Various country governments, such as India, Germany, Canada, Japan, and Australia, are launching smart city-based projects to improve citizens' lifestyles and create safer communities, propelling smart cities market expansion. Government-authorized associations & organizations are collaborating with market players to develop smart city solutions to assist the government in planning smart city strategies. For instance, in October 2022, the non-profit organization, Accelerator for America partnered with Honeywell International Inc. and launched the Smart City Accelerator Program to help smart city developers define priorities, align key stakeholders, and improve service delivery & operational efficiency of smart cities projects.
Smart Cities Market Report Highlights:
- The environmental solution segment is expected to witness a considerable CAGR of 28.8% over the forecast period. Shifting various government focus towards reducing Greenhouse Gases (GHGs) and preservation and promotion of biodiversity is propelling the segment growth globally
- The smart lighting segment is anticipated to register a CAGR of 25.8% over the forecast period. The substantial demand for IoT-enabled lighting fixtures, increasing infrastructure developments, and end-user preference for energy-efficient lighting are propelling the adoption of smart lighting in residential, commercial, and industrial sectors
- The waste management segment is expected to witness a significant CAGR of 27.0% over the forecast period. Numerous waste management companies are installing sensors, data visualization platforms, and network infrastructure to generate actionable insights and make informed decisions. Adopting these smart technologies in waste management will supplement the segment's growth during the forecast period
- The intelligent transportation system segment is expected to witness a significant CAGR of 26.7% over the forecast period. The rising public and private investments in the transport sector, government initiatives to curb traffic congestion & enhance public safety, and advancements in video surveillance & analytics system is expected to accelerate the segment growth notably through 2030
- In Asia Pacific, the market is anticipated to register a significant CAGR of 29.2% during the forecast period. The regional growth can be attributed to rapid economic developments, digitalization, globalization, and the rising proliferation of smartphones
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Cities Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Deployment Challenge
- 3.3. Smart Cities Market Analysis Tools
- 3.3.1. Deployment Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Smart Cities Market: Application Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Cities Market: Application Movement Analysis, USD Million, 2024 & 2030
- 4.3. Smart Governance
- 4.3.1. Smart Governance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Smart Building
- 4.4.1. Smart Building Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Environmental Solution
- 4.5.1. Environmental Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Smart Utilities
- 4.6.1. Smart Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Smart Transportation
- 4.7.1. Smart Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Smart Utilities
- 4.8.1. Smart Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Smart Healthcare
- 4.9.1. Smart Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.10. Smart Public Safety
- 4.10.1. Smart Public Safety Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.11. Smart Security
- 4.11.1. Smart Security Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.12. Smart Education
- 4.12.1. Smart Education Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Smart Cities Market: Smart Governance Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Cities Market: Smart Governance Movement Analysis, USD Million, 2024 & 2030
- 5.3. City Surveillance
- 5.3.1. City Surveillance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. C.C.S.
- 5.4.1. C.C.S. Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. E-governance
- 5.5.1. E-governance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Smart Lighting
- 5.6.1. Smart Lighting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Smart Infrastructure
- 5.7.1. Smart Infrastructure Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Cities Market: Smart Utilities Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Cities Market: Smart Utilities Movement Analysis, USD Million, 2024 & 2030
- 6.3. Energy Management
- 6.3.1. Energy Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Water Management
- 6.4.1. Water Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Waste Management
- 6.5.1. Waste Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Meter Data Management
- 6.6.1. Meter Data Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Distribution Management System
- 6.7.1. Distribution Management System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Substation Automation
- 6.8.1. Substation Automation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Other Smart Utilities Solutions
- 6.9.1. Others Smart Utilities Solutions Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Smart Cities Market: Smart Transportation Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Smart Cities Market: Smart Transportation Movement Analysis, USD Million, 2024 & 2030
- 7.3. Intelligent Transportation System
- 7.3.1. Intelligent Transportation System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Parking Management
- 7.4.1. Parking Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Smart Ticketing & Travel Assistance
- 7.5.1. Smart Ticketing & Travel Assistance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Traffic Management
- 7.6.1. Traffic Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Passenger Information
- 7.7.1. Passenger Information Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Connected Logistics
- 7.8.1. Connected Logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Other Smart Transportation Solutions
- 7.9.1. Smart Transportation Solutions Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Smart Cities Market: Smart Healthcare Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Smart Cities Market: Smart Healthcare Movement Analysis, USD Million, 2024 & 2030
- 8.3. Medical Devices
- 8.3.1. Medical Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Systems & Software
- 8.4.1. Systems & Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Regional Estimates & Trend Analysis
- 9.1. Smart Cities Market by Region, 2024 & 2030
- 9.2. North America
- 9.2.1. North America Smart Cities Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.5. Italy
- 9.3.5.1. Italy Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.6. Spain
- 9.3.6.1. Spain Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.7. Russia
- 9.3.7.1. Russia Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.8. Nordic Region
- 9.3.8.1. Nordic Region Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.9. Eastern Europe
- 9.3.9.1. Eastern Europe Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.7. ASEAN
- 9.4.7.1. ASEAN Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. UAE
- 9.6.2.1. UAE Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.3. South Africa
- 9.6.3.1. South Africa Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.4. Saudi Arabia
- 9.6.4.1. Saudi Arabia Smart Cities Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Company Market Positioning
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles/Listing
- 10.4.1. Cisco Systems, Inc.
- 10.4.1.1. Participant's Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Service Benchmarking
- 10.4.1.4. Strategic Initiatives
- 10.4.2. Microsoft
- 10.4.2.1. Participant's Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Service Benchmarking
- 10.4.2.4. Strategic Initiatives
- 10.4.3. International Business Machines Corporation (IBM)
- 10.4.3.1. Participant's Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Service Benchmarking
- 10.4.3.4. Strategic Initiatives
- 10.4.4. Huawei Technologies Co., Ltd.
- 10.4.4.1. Participant's Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Service Benchmarking
- 10.4.4.4. Strategic Initiatives
- 10.4.5. Honeywell International Inc.
- 10.4.5.1. Participant's Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Service Benchmarking
- 10.4.5.4. Strategic Initiatives
- 10.4.6. Schneider Electric
- 10.4.6.1. Participant's Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Service Benchmarking
- 10.4.6.4. Strategic Initiatives
- 10.4.7. Siemens
- 10.4.7.1. Participant's Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Service Benchmarking
- 10.4.7.4. Strategic Initiatives
- 10.4.8. Hitachi, Ltd.
- 10.4.8.1. Participant's Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Service Benchmarking
- 10.4.8.4. Strategic Initiatives
- 10.4.9. General Electric
- 10.4.9.1. Participant's Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Service Benchmarking
- 10.4.9.4. Strategic Initiatives
- 10.4.10. NEC Corporation
- 10.4.10.1. Participant's Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Service Benchmarking
- 10.4.10.4. Strategic Initiatives
- 10.4.11. UrbanFootprint, Inc.
- 10.4.11.1. Participant's Overview
- 10.4.11.2. Financial Performance
- 10.4.11.3. Service Benchmarking
- 10.4.11.4. Strategic Initiatives
- 10.4.12. Quantela, Inc.
- 10.4.12.1. Participant's Overview
- 10.4.12.2. Financial Performance
- 10.4.12.3. Service Benchmarking
- 10.4.12.4. Strategic Initiatives