Smart Cities Market Report 2024 - Cisco (US), IBM (US), Siemens (Germany), AppyWay (UK), Microsoft (US), Hitachi (Japan)
- Category: Semiconductor & Electronics
- Published Date: Jan 2025
- Publisher: Research Reports Center
- Pages: 145
- Report ID: RRCSem0069
Research Reports Center has released the newest report supported thorough research on Smart Cities Market. Global Smart Cities Market report analyzes the latest trends, Competitive landscape, through the historical data of various segments and obstacles faced with the competitors of the Market. This Smart Cities report was prepared to analyze the results and outcomes of the industry over the forecast 2024 to 2029. The smart cities market focuses on integrating technology, data, and sustainability into urban environments to enhance infrastructure, optimize resource use, and improve the quality of life.
The attributes part of this Smart Cities report defines and explains the growth. The market size gives industry earnings, covering the growth of this and predicting the long run. Smart Cities Drivers and restraints with the variables affecting the growth of this market. The Smart Cities market report examines the economic status and prognosis of worldwide and Smart Cities major regions, in the prospect of all key players, types and end-user application/industries; this report examines the most notable players in major and global regions, also divides the Smart Cities market by segments and applications/end-businesses.
Market Size:
2023: Estimated between $550 billion to $1.2 trillion, depending on the research methodology.
2030: Projected to reach $3.7 trillion to $9 trillion.
Compound Annual Growth Rate (CAGR):
The CAGR for the market is forecasted to range between 14.8% to 25.4% during the 2023-2030 period, indicating robust growth.
The Major Players in Global Smart Cities Market Include:
Cisco (US), IBM (US), Siemens (Germany), AppyWay (UK), Microsoft (US), Hitachi (Japan), IXDen, Schneider Electric (France), TomTom (Netherlands), Huawei (China), TaKaDu FlamencoTech, Intel (US), NEC (Japan), Bright Cities (Brazil), ABB (Switzerland), Gaia (India), Ericsson (Sweden), Oracle (US), Fujitsu (Japan), Honeywell (US), Accenture (Ireland), AWS (US), Ketos (US), Thales (France), Signify (Netherlands), Kapsch (Austria), Motorola (US), GE (US), Google (US), TCS (India), AT&T (US), Nokia (Finland), Samsung (South Korea), SAP (Germany), Maydtech (Mexico) Zencity Itron (US)
Technology Providers
• IBM: Smart city platforms, AI, and data analytics
• Cisco Systems: Networking solutions, smart transportation
• Siemens AG: Smart energy and infrastructure solutions
• Microsoft: Cloud computing and IoT for smart cities
• Schneider Electric: Smart grids, energy efficiency, and building management
• Huawei: Smart city solutions in telecommunications and AI
IoT and Sensor Companies
• Bosch: IoT devices for smart buildings and cities
• Honeywell: Environmental sensors, smart thermostats
• Hitachi: Data-driven solutions for transportation and infrastructure
Public Sector Partnerships
• Alphabet’s Sidewalk Labs: Urban innovation projects
• AT&T: Smart mobility and connectivity solutions
• Ericsson: 5G networks for connected city ecosystems
Startups and Niche Players
• UrbanFootprint: Urban planning and data analytics
• Senseable City Lab (MIT): Research in urban innovation
• Enevo: Smart waste management systems
• Citymapper: Smart transit applications
Smart Cities Market, By Component:
Hardware:
• Sensors (e.g., IoT devices, environmental sensors)
• Cameras (security, traffic management)
• Smart meters (electricity, water, gas)
• Networking equipment (routers, gateways)
Software:
• Smart city platforms
• Analytics and visualization tools
• Cloud and edge computing software
Services:
• Consulting and planning
• System integration and deployment
• Maintenance and support
Smart Cities Market, By Application:
• Smart Governance
• Smart Security
• Smart Building
• Smart Environment
• Smart Public Safety
• Smart Transportation
• Smart Healthcare
Smart Cities Market, By Deployment:
• On-premises
• Cloud-based
• Hybrid
Geographically, this report is segmented into several key Regions, with production, consumption, revenue, market share and growth rate of Smart Cities in these regions, from 2020 to 2030 (forecast), covering
• North America
• Western Europe
• Eastern Europe
• Japan
• China
• Rest of Asia
• Rest of Asia Middle East and Africa
Key Trends Driving Growth
• 5G and IoT Integration: Expansion of connected devices and faster data transmission.
• Sustainability Goals: Increasing adoption of renewable energy and green urban planning.
• Data-Driven Governance: Governments leveraging data for better decision-making.
• AI and Automation: Predictive analytics for traffic, energy, and resource management.
• Public-Private Partnerships (PPPs): Collaboration to fund and implement smart city projects.
Challenges
• High initial costs of infrastructure
• Data privacy and cybersecurity concerns
• Interoperability issues between systems
• Need for skilled professionals in urban technology
Future Outlook
The global smart cities market is projected to grow significantly, driven by urbanization, technological advancements, and government initiatives. Asia-Pacific, particularly China and India, is expected to lead growth due to large-scale smart city initiatives.
Would you like more detailed insights into any specific application or region?
The attributes part of this Smart Cities report defines and explains the growth. The market size gives industry earnings, covering the growth of this and predicting the long run. Smart Cities Drivers and restraints with the variables affecting the growth of this market. The Smart Cities market report examines the economic status and prognosis of worldwide and Smart Cities major regions, in the prospect of all key players, types and end-user application/industries; this report examines the most notable players in major and global regions, also divides the Smart Cities market by segments and applications/end-businesses.
Market Size:
2023: Estimated between $550 billion to $1.2 trillion, depending on the research methodology.
2030: Projected to reach $3.7 trillion to $9 trillion.
Compound Annual Growth Rate (CAGR):
The CAGR for the market is forecasted to range between 14.8% to 25.4% during the 2023-2030 period, indicating robust growth.
The Major Players in Global Smart Cities Market Include:
Cisco (US), IBM (US), Siemens (Germany), AppyWay (UK), Microsoft (US), Hitachi (Japan), IXDen, Schneider Electric (France), TomTom (Netherlands), Huawei (China), TaKaDu FlamencoTech, Intel (US), NEC (Japan), Bright Cities (Brazil), ABB (Switzerland), Gaia (India), Ericsson (Sweden), Oracle (US), Fujitsu (Japan), Honeywell (US), Accenture (Ireland), AWS (US), Ketos (US), Thales (France), Signify (Netherlands), Kapsch (Austria), Motorola (US), GE (US), Google (US), TCS (India), AT&T (US), Nokia (Finland), Samsung (South Korea), SAP (Germany), Maydtech (Mexico) Zencity Itron (US)
Technology Providers
• IBM: Smart city platforms, AI, and data analytics
• Cisco Systems: Networking solutions, smart transportation
• Siemens AG: Smart energy and infrastructure solutions
• Microsoft: Cloud computing and IoT for smart cities
• Schneider Electric: Smart grids, energy efficiency, and building management
• Huawei: Smart city solutions in telecommunications and AI
IoT and Sensor Companies
• Bosch: IoT devices for smart buildings and cities
• Honeywell: Environmental sensors, smart thermostats
• Hitachi: Data-driven solutions for transportation and infrastructure
Public Sector Partnerships
• Alphabet’s Sidewalk Labs: Urban innovation projects
• AT&T: Smart mobility and connectivity solutions
• Ericsson: 5G networks for connected city ecosystems
Startups and Niche Players
• UrbanFootprint: Urban planning and data analytics
• Senseable City Lab (MIT): Research in urban innovation
• Enevo: Smart waste management systems
• Citymapper: Smart transit applications
Smart Cities Market, By Component:
Hardware:
• Sensors (e.g., IoT devices, environmental sensors)
• Cameras (security, traffic management)
• Smart meters (electricity, water, gas)
• Networking equipment (routers, gateways)
Software:
• Smart city platforms
• Analytics and visualization tools
• Cloud and edge computing software
Services:
• Consulting and planning
• System integration and deployment
• Maintenance and support
Smart Cities Market, By Application:
• Smart Governance
• Smart Security
• Smart Building
• Smart Environment
• Smart Public Safety
• Smart Transportation
• Smart Healthcare
Smart Cities Market, By Deployment:
• On-premises
• Cloud-based
• Hybrid
Geographically, this report is segmented into several key Regions, with production, consumption, revenue, market share and growth rate of Smart Cities in these regions, from 2020 to 2030 (forecast), covering
• North America
• Western Europe
• Eastern Europe
• Japan
• China
• Rest of Asia
• Rest of Asia Middle East and Africa
Key Trends Driving Growth
• 5G and IoT Integration: Expansion of connected devices and faster data transmission.
• Sustainability Goals: Increasing adoption of renewable energy and green urban planning.
• Data-Driven Governance: Governments leveraging data for better decision-making.
• AI and Automation: Predictive analytics for traffic, energy, and resource management.
• Public-Private Partnerships (PPPs): Collaboration to fund and implement smart city projects.
Challenges
• High initial costs of infrastructure
• Data privacy and cybersecurity concerns
• Interoperability issues between systems
• Need for skilled professionals in urban technology
Future Outlook
The global smart cities market is projected to grow significantly, driven by urbanization, technological advancements, and government initiatives. Asia-Pacific, particularly China and India, is expected to lead growth due to large-scale smart city initiatives.
Would you like more detailed insights into any specific application or region?
Table of Contents
1. Introduction
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottom-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumptions
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
4.9 Distribution Network
4.9.1 Details of the Key Distributor across Globe
4.9.2 Types of Channel Used
4.9.3 Geographical Presence
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
5.3 PESTEL Analysis
5.4 Trends in Smart Cities Market
5.5 Pricing Analysis
5.6 Point of Sales (Sales Channel)
6. Global Smart Cities Market, by Component 2020 - 2029
6.1 Introduction
6.2 Hardware
6.2.1 Key market trends
6.2.2 Key drivers and opportunities
6.2.3 Market size and forecast
6.3 Software
6.3.1 Key market trends
6.3.2 Key drivers and opportunities
6.3.3 Market size and forecast
6.4 Services
6.4.1 Key market trends
6.4.2 Key drivers and opportunities
6.4.3 Market size and forecast
7. Global Smart Cities Market, by Application 2020 - 2029
7.1 Introduction
7.2 Smart Governance
7.2.1 Key market trends
7.2.2 Key drivers and opportunities
7.2.3 Market size and forecast
7.3 Smart Security
7.3.1 Key market trends
7.3.2 Key drivers and opportunities
7.3.3 Market size and forecast
7.4 Smart Building
7.4.1 Key market trends
7.4.2 Key drivers and opportunities
7.4.3 Market size and forecast
7.5 Smart Environment
7.5.1 Key market trends
7.5.2 Key drivers and opportunities
7.5.3 Market size and forecast
7.6 Smart Public Safety
7.6.1 Key market trends
7.6.2 Key drivers and opportunities
7.6.3 Market size and forecast
7.7 Others
7.7.1 Key market trends
7.7.2 Key drivers and opportunities
7.7.3 Market size and forecast
8. Global Smart Cities Market, By Deployment 2020 - 2029
8.1 Introduction
8.2 On-premises
8.2.1 Key market trends
8.2.2 Key drivers and opportunities
8.2.3 Market size and forecast
8.3 Cloud-based
8.3.1 Key market trends
8.3.2 Key drivers and opportunities
8.3.3 Market size and forecast
8.4 Hybrid
8.4.1 Key market trends
8.4.2 Key drivers and opportunities
8.4.3 Market size and forecast
9. Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Rest of Europe
9.4. Asia Pacific
9.4.1. Japan
9.4.2. China
9.4.3. South Korea
9.4.4. India
9.4.5. Rest of APAC
9.5. RoW
9.5.1. Latin America
9.5.2. Middle East and Africa
10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1 Cisco (US)
10.1.1 Company Snapshot
10.1.2 Financial Overview
10.1.3. Product Portfolio
10.1.4 Recent Developments
10.2 IBM (US)
10.2.1 Company Snapshot
10.2.2 Financial Overview
10.2.3 Product Portfolio
10.2.4 Recent Developments
10.3 Siemens (Germany)
10.3.1 Company Snapshot
10.3.2 Financial Overview
10.3.3 Product Portfolio
10.3.4 Recent Developments
10.4 AppyWay (UK)
10.4.1 Company Snapshot
10.4.2 Financial Overview
10.4.3 Product Portfolio
10.4.4 Recent Developments
10.5 Microsoft (US)
10.5.1 Company Snapshot
10.5.2 Financial Overview
10.5.3 Product Portfolio
10.5.4 Recent Developments
10.6 Hitachi (Japan)
10.6.1 Company Snapshot
10.6.2 Financial Overview
10.6.3 Product Portfolio
10.6.4 Recent Developments
10.7 Schneider Electric (France)
10.7.1 Company Snapshot
10.7.2 Financial Overview
10.7.3 Product Portfolio
10.7.4 Recent Developments
10.8 TomTom (Netherlands)
10.8.1 Company Snapshot
10.8.2 Financial Overview
10.8.3 Product Portfolio
10.8.4 Recent Developments
10.9 Huawei (China)
10.9.1 Company Snapshot
10.9.2 Financial Overview
10.9.3 Product Portfolio
10.9.4 Recent Developments
10.10 Honeywell (US)
10.10.1 Company Snapshot
10.10.2 Financial Overview
10.10.3 Product Portfolio
10.10.4 Recent Developments
11. Competitive Analysis
11.1. Introduction
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
11.3.5. Distribution Channel
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
1. Introduction
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottom-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumptions
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
4.9 Distribution Network
4.9.1 Details of the Key Distributor across Globe
4.9.2 Types of Channel Used
4.9.3 Geographical Presence
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
5.3 PESTEL Analysis
5.4 Trends in Smart Cities Market
5.5 Pricing Analysis
5.6 Point of Sales (Sales Channel)
6. Global Smart Cities Market, by Component 2020 - 2029
6.1 Introduction
6.2 Hardware
6.2.1 Key market trends
6.2.2 Key drivers and opportunities
6.2.3 Market size and forecast
6.3 Software
6.3.1 Key market trends
6.3.2 Key drivers and opportunities
6.3.3 Market size and forecast
6.4 Services
6.4.1 Key market trends
6.4.2 Key drivers and opportunities
6.4.3 Market size and forecast
7. Global Smart Cities Market, by Application 2020 - 2029
7.1 Introduction
7.2 Smart Governance
7.2.1 Key market trends
7.2.2 Key drivers and opportunities
7.2.3 Market size and forecast
7.3 Smart Security
7.3.1 Key market trends
7.3.2 Key drivers and opportunities
7.3.3 Market size and forecast
7.4 Smart Building
7.4.1 Key market trends
7.4.2 Key drivers and opportunities
7.4.3 Market size and forecast
7.5 Smart Environment
7.5.1 Key market trends
7.5.2 Key drivers and opportunities
7.5.3 Market size and forecast
7.6 Smart Public Safety
7.6.1 Key market trends
7.6.2 Key drivers and opportunities
7.6.3 Market size and forecast
7.7 Others
7.7.1 Key market trends
7.7.2 Key drivers and opportunities
7.7.3 Market size and forecast
8. Global Smart Cities Market, By Deployment 2020 - 2029
8.1 Introduction
8.2 On-premises
8.2.1 Key market trends
8.2.2 Key drivers and opportunities
8.2.3 Market size and forecast
8.3 Cloud-based
8.3.1 Key market trends
8.3.2 Key drivers and opportunities
8.3.3 Market size and forecast
8.4 Hybrid
8.4.1 Key market trends
8.4.2 Key drivers and opportunities
8.4.3 Market size and forecast
9. Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Rest of Europe
9.4. Asia Pacific
9.4.1. Japan
9.4.2. China
9.4.3. South Korea
9.4.4. India
9.4.5. Rest of APAC
9.5. RoW
9.5.1. Latin America
9.5.2. Middle East and Africa
10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1 Cisco (US)
10.1.1 Company Snapshot
10.1.2 Financial Overview
10.1.3. Product Portfolio
10.1.4 Recent Developments
10.2 IBM (US)
10.2.1 Company Snapshot
10.2.2 Financial Overview
10.2.3 Product Portfolio
10.2.4 Recent Developments
10.3 Siemens (Germany)
10.3.1 Company Snapshot
10.3.2 Financial Overview
10.3.3 Product Portfolio
10.3.4 Recent Developments
10.4 AppyWay (UK)
10.4.1 Company Snapshot
10.4.2 Financial Overview
10.4.3 Product Portfolio
10.4.4 Recent Developments
10.5 Microsoft (US)
10.5.1 Company Snapshot
10.5.2 Financial Overview
10.5.3 Product Portfolio
10.5.4 Recent Developments
10.6 Hitachi (Japan)
10.6.1 Company Snapshot
10.6.2 Financial Overview
10.6.3 Product Portfolio
10.6.4 Recent Developments
10.7 Schneider Electric (France)
10.7.1 Company Snapshot
10.7.2 Financial Overview
10.7.3 Product Portfolio
10.7.4 Recent Developments
10.8 TomTom (Netherlands)
10.8.1 Company Snapshot
10.8.2 Financial Overview
10.8.3 Product Portfolio
10.8.4 Recent Developments
10.9 Huawei (China)
10.9.1 Company Snapshot
10.9.2 Financial Overview
10.9.3 Product Portfolio
10.9.4 Recent Developments
10.10 Honeywell (US)
10.10.1 Company Snapshot
10.10.2 Financial Overview
10.10.3 Product Portfolio
10.10.4 Recent Developments
11. Competitive Analysis
11.1. Introduction
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
11.3.5. Distribution Channel
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
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