Smart Cities Market Size, Share, Trends, Analysis and Forecasts by Region, Application (Smart Transportation (Intelligent Transportation, Parking Management, Smart Ticketing), Smart Infrastructure (City Surveillance, Smart Lighting, Command and Control Services, Smart Grid, Smart Building, Smart City Platforms) and Segment Forecast 2022-2026

Pages: 137 Published: November 23, 2022 Report Code: GRCBBR00013TC

The smart cities market size was valued at US$511.1 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% during 2022-2026. The inclination of population to migrate to cities is one of the primary reasons for the world becoming increasingly urban. Cities cover only 2% of the Earth’s surface but account for 50% of its population, which has fueled the growth of smart cities.

Furthermore, advancements in smart city technologies have improved the efficiency of smart city solutions and that, in turn, has strengthened the confidence of ministries and governments in deploying these solutions. Effective use of emerging tech such as Artificial Intelligence & Internet of Things (IoT) is further anticipated to increase the adoption and implementation of smart city solutions over the forecast period.

Smart Cities Market Overview

Smart Cities Market Overview

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Governments and administrations around the world have been favorable towards implementing smart city solutions owing to several advantages they provide for smooth operations of numerous activities carried out in the city on daily basis. Smart city solutions have also been observed to be critical in improving overall safety, reducing the carbon footprint, and improving the efficiency of city resources management which has also positively impacted the public sentiment towards the adoption of smart city solutions.

Smart Cities Market Segmentation by Application

Smart cities applications primarily include smart transportation, smart infrastructure, smart grid, smart building, and smart city platform segments.

As of 2021, the smart transportation segment captured the highest share owing to the inclusion of key components such as smart mobility, parking management, and smart ticketing, among others. The smart transportation segment was valued at US$144.4 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of more than 7%.

Smart Cities Market Share by Application, 2021 (%)

Smart Cities Market Share by Application, 2021 (%)

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The smart infrastructure segment accounted for more than 20% of the application segment valued at and is anticipated to grow at a CAGR of more than 6% over the forecast period.

Smart Cities Market Segmentation by Smart Transportation

The smart transportation segment includes intelligent transportation, parking management, and smart ticketing. The intelligent transportation segment captured the largest market share at approximately 35% and is anticipated to grow at a CAGR of more than 8% over the forecast period.

Smart Cities Market Share by Smart Transportation, 2021 (%)

Smart Cities Market Share by Smart Transportation, 2021 (%)

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The growth of the intelligent transportation segment is attributed to the increased penetration of smart mobility solutions in smart city structures around the globe. The implementation of smart mobility solutions is driven by the need to reduce the number of vehicles on roads, effectively reducing traffic congestion. Furthermore, factors such as reducing the carbon footprint of transportation, improving road safety, and operational efficiency of transportation have also contributed to the segment growth.

Smart Cities Market Segmentation by Smart Infrastructure

Based on smart infrastructure, the smart cities market is categorized into city surveillance, smart lighting, and command & control systems. The command & control systems segment captured the largest market share at 35% valued at US$58.7 billion in the year 2021. Command & control systems of a smart city include different operating mechanisms that supervise several components of a smart city framework. The criticality of CCS in smart cities has led to its increased adoption over the last few years and is anticipated to continue over the forecast period.

The city surveillance segment is anticipated to witness healthy growth at a CAGR of more than 7% over the forecast period.

Smart Cities Market Analysis by Region

Europe’s smart city market value was the highest in 2021, capturing over 30% of the overall market size. The regional demand was led by the implementation of innovative smart city solutions across countries such as the UK, Germany, France, and Spain, among others.

Europe Smart Cities Market Share by Country, 2021 (%)

Europe Smart Cities Market Share by Country, 2021 (%)

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North America is projected to witness steady growth at a CAGR exceeding 6% over the forecast period.  The North American region is characterized by a strong inclination towards rapid digital transformation and implementation of smart city solutions such as smart mobility, smart buildings, and smart grid among others. The adoption of next-gen technologies coupled with conducive governments and administrations is anticipated to drive the regional smart cities market growth over the forecast period.

Smart Cities Market ¬- Competitive Landscape

The smart cities industry is moderately consolidated. However, with the growth of start-ups and new venture launches the competition is gradually intensifying. Key players in the smart cities market include Microsoft Corp, Accenture, IBM, and Hitachi, among others. Mergers and acquisitions also form a major part of the smart cities competitive environment, since many of the vendors collaborate on project basis to deliver specific solutions. 

Leading Players in the Smart Cities Market

  • Microsoft Corp
  • Hikvision
  • Hitachi
  • Honeywell
  • Alibaba Group
  • Cisco Systems Inc
  • International Business Machines Corp (IBM)
  • Huawei Technologies Co. Ltd.
  • iFlytek

Other Smart Cities Market Vendors Mentioned

Johnson Controls, Nokia, Schneider Electric, and ZTE Corp.

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Smart Cities Market Research Overview

Market Size (2021) US$ 511.1 billion
CAGR (2022-2026) 8.1%
Forecast Period 2022-2026
Historic Period 2019-2020
Report Scope & Coverage Revenue Forecast, Competitive Index, Company Market Share, Growth Trends
Application Segment Smart Transportation, Smart Infrastructure, Smart Grid, Smart Building, and Smart City Platform.
Smart Transportation Segment Intelligent Transportation, Parking Management, and Smart Ticketing.
Smart Infrastructure Segment City Surveillance, Smart Lighting, and Command & Control Systems.
Key Companies Amazon Web Services, Google, and International Business Machine Corporation (IBM), Microsoft Corp, Alibaba Holdings Ltd, Tencent Holdings Ltd, Oracle Corp, Salesforce Inc, SAP SE, Cisco Systems Inc

Smart Cities Market Segments

GlobalData Plc has segmented the smart cities market report by application and region:

Smart Cities Application Outlook (Revenue, USD Million, 2019-2026)

  • Smart Transportation
  • Intelligent Transportation
  • Parking Management
  • Smart Ticketing
  • Smart Infrastructure
  • City Surveillance
  • Smart Lighting
  • Command & Control Systems
  • Smart Grid
  • Smart Building
  • Smart City Platforms

Smart Cities Regional Outlook (Revenue, USD Million, 2019-2026)

  • North America
  • U.S.
  • Canada
  • Europe 
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific 
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific
  • South & Central America
  • Brazil
  • Mexico
  • Colombia
  • Rest of South & Central America
  • Middle East & Africa
  • Kingdom of Saudi Arabia (KSA)
  • United Arab Emirates (UAE)
  • South Africa
  • Rest of Middle East & Africa

The market intelligence report provides an in-depth analysis of the following –

  • Smart cities market outlook: analysis as well as historical figures and forecasts of revenue opportunities from the channel type, business model, spend category, and regional segments.
  • The competitive landscape: an examination of the positioning of leading players in the smart cities market.
  • Company snapshots: analysis of the market position of leading service providers in the smart cities market.
  • Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Reasons to Buy

  • This market intelligence report offers a thorough, forward-looking analysis of the global smart cities market by channel type, business model, spend category, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
  • Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in smart cities markets.
  • The report also highlights key application segments (Smart Transportation, Smart Infrastructure, Smart Grid, Smart Building, and Smart City Platform)
  • The report also highlights key smart transportation segments (Intelligent Transportation, Parking Management, and Smart Ticketing)
  • The report also highlights key smart infrastructure segments (City Surveillance, Smart Lighting, and Command & Control Systems)
  • With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in smart cities markets.
  • The broad perspective of the report coupled with comprehensive, actionable detail will help BFSI stakeholders, service providers, and other smart city players succeed in growing the smart cities market globally.

Key Players

Microsoft Corp
Hikvision
Hitachi
Honeywell
Alibaba Group
Cisco Systems Inc
International Business Machines Corp (IBM)
Huawei Technologies Co. Ltd.
iFlytek

Table of Contents

Table of Contents

CHAPTER 01 Executive Summary

1.1 Smart Cities Market Snapshot

Fig.1 Market Snapshot

CHAPTER 02 Research Scope & Segmentation

2.1 Segment Scope:

2.1.1 Smart Transportation

2.1.2 Smart Infrastructure

2.1.3 Smart Grid

2.1.4 Smart Building

2.1.5 Smart City Platforms

CHAPTER 03 Smart Cities Industry Trend Analysis

3.1 Smart Cities Market Structure – PORTER’s Analysis

3.2 Smart Cities – Market Variables & Impact Analysis

3.2.1 MARKET DRIVER ANALYSIS

3.2.2 MARKET TRENDS ANALYSIS

3.2.3 MARKET TECHNOLOGICAL DEVELOPMENT ANALYSIS

3.2.4 MARKET CHALLENGES ANALYSIS

3.3 Maritime – Mergers & Acquisitions (M&A)

3.3.1 M&A ACTIVITY DASHBOARD

3.4 Smart Cities – Patent Analysis

3.4.1 PATENT ANALYTICS DASHBOARD

3.5 Smart Cities – Social Media Analysis

3.5.1 SOCIAL MEDIA ANALYTICS DASHBOARD

CHAPTER 04 Global Smart Cities Revenue Opportunity

4.1 Global Market Revenue Snapshot

4.2 Global Smart Cities Market By Ship Type

4.2.1 SEGMENT ANALYSIS: Smart Transportation

4.2.2 SEGMENT ANALYSIS: Smart Infrasturcture

4.2.3 SEGMENT ANALYSIS: Smart Grid

4.2.4 SEGMENT ANALYSIS: Smart Building

4.2.5 SEGMENT ANALYSIS: Smart City Platforms

CHAPTER 05 Smart Cities Regional Outlook

5.1 Smart Cities – Regional Deep Dive

5.2 North America Smart Cities Market Snapshot

5.2.1 NORTH AMERICA Smart Cities MARKET SIZE & FORECASTS

5.2.2 US Smart Cities MARKET SIZE & FORECASTS

5.2.3 CANADA Smart Cities MARKET SIZE & FORECASTS

5.3 Europe Smart Cities Market Snapshot

5.3.1 EUROPE Smart Cities MARKET SIZE & FORECASTS

5.3.2 UK Smart Cities MARKET SIZE & FORECASTS

5.3.3 GERMANY Smart Cities MARKET SIZE & FORECASTS

5.3.4 FRANCE Smart Cities MARKET SIZE & FORECASTS

5.3.5 ITALY Smart Cities MARKET SIZE & FORECASTS

5.3.6 SPAIN Smart Cities MARKET SIZE & FORECASTS

5.3.7 REST OF EUROPE Smart Cities MARKET SIZE & FORECASTS

5.4 Asia Pacific Smart Cities Market Snapshot

5.4.1 ASIA PACIFIC Smart Cities MARKET SIZE & FORECASTS

5.4.2 CHINA Smart Cities MARKET SIZE & FORECASTS

5.4.3 INDIA Smart Cities MARKET SIZE & FORECASTS

5.4.4 JAPAN Smart Cities MARKET SIZE & FORECASTS

5.4.5 AUSTRALIA Smart Cities MARKET SIZE & FORECASTS

5.4.6 REST OF ASIA PACIFIC Smart Cities MARKET SIZE & FORECASTS

5.5 Central & South America Smart Cities Market Snapshot

5.5.1 CENTRAL & SOUTH AMERICA Smart Cities MARKET SIZE & FORECASTS

5.5.2 BRAZIL Smart Cities MARKET SIZE & FORECASTS

5.5.3 MEXICO Smart Cities MARKET SIZE & FORECASTS

5.5.4 COLOMBIA Smart Cities MARKET SIZE & FORECASTS

5.5.5 REST OF CENTRAL & SOUTH AMERICA Smart Cities MARKET SIZE & FORECASTS

5.6 Middle East & Africa Smart Cities Market Snapshot

5.6.1 MIDDLE EAST & AFRICA Smart Cities MARKET SIZE & FORECASTS

5.6.2 UNITED ARAB EMIRATES Smart Cities MARKET SIZE & FORECASTS

5.6.3 SAUDI ARABIA Smart Cities MARKET SIZE & FORECASTS

5.6.4 SOUTH AFRICA Smart Cities MARKET SIZE & FORECASTS

5.6.5 REST OF MIDDLE EAST & AFRICA Smart Cities MARKET SIZE & FORECASTS

CHAPTER 06 Global Smart Cities Competitive Landscape

6.1 Smart Cities Vendor Snapshot

6.1.1Microsoft Corp

6.1.2Hikvision

6.1.3Hitachi

6.1.4Honeywell

6.1.5Alibaba Group

6.1.6Cisco Systems Inc

6.1.7International Business Machines Corp (IBM)

6.1.8Huawei Technologies Co. Ltd.

6.1.9iFlytek

CHAPTER 07 Methodology and Scope

7.1 Research Elements

7.2 Information Procurement

7.3 Smart Cities Analysis

7.4 Market Opportunity Forecast – Research Methodology & Formulation

7.5 Competitive Index – Research Methodology & Formulation

Contact Us

List of Tables

Table 1 Key Trends Overview

Table 2 Smart City Challenges & Opportunities in the Americas

Table 3 Examples of Smart Cities Projects in the Americas

Table 4 Smart City Challenges & Opportunities in Europe

Table 5 Examples of Smart Cities Projects in Europe

Table 6 Smart City Challenges & Opportunities in Asia Pacific

Table 7 Examples of Smart Cities Projects in Asia Pacific

Table 8 Smart City Challenges & Opportunities in Middle East & Africa

Table 9 Examples of Smart Cities Projects in Middle East & Africa

Table 10 Global Smart Cities Market By Application, 2019 – 2026 ($Bn) 58

Table 11 Global Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 12 Global Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn) 60

Table 1 Global Smart Cities Market By Region, 2019 – 2026 ($Bn)

Table 2 North America Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 3 North America Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 4 North America Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 5 US Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 6 US Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 7 US Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 8 Canada Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 9 Canada Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 10 Canada Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 11 Europe Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 12 Europe Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 13 Europe Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 14 UK Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 15 UK Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 16 UK Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 17 Germany Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 18 Germany Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 19 Germany Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 20 France Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 21 France Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 22 France Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 23 Spain Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 24 Spain Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 25 Spain Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 26 Italy Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 27 Italy Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 28 Italy Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 29 Rest of Europe Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 30 Rest of Europe Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 31 Rest of Europe Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 32 South & Central America Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 33 South & Central America Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 34 South & Central America Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 35 Brazil Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 36 Brazil Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 37 Brazil Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 38 Mexico Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 39 Mexico Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 40 Mexico Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 41 Colombia Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 42 Colombia Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 43 Colombia Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 44 Rest of South & Central America Smart Cities Market By Application, 2019 – 2026 s($Bn)

Table 45 Rest of South & Central America Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 46 Rest of South & Central America Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 47 Asia Pacific Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 48 Asia Pacific Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 49 Asia Pacific Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 50 China Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 51 China Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 52 China Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 53 India Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 54 India Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 55 India Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 56 Japan Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 57 Japan Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 58 Japan Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 59 Australia Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 60 Australia Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 61 Australia Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 62 Rest of Asia Pacific Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 63 Rest of Asia Pacific Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 64 Rest of Asia Pacific Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 65 Middle East & Africa Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 66 Middle East & Africa Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 67 Middle East & Africa Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 68 Saudi Arabia Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 69 Saudi Arabia Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 70 Saudi Arabia Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 71 UAE Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 72 UAE Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 73 UAE Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 74 South Africa Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 75 South Africa Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 76 South Africa Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

Table 77 Rest of Middle East & Africa Smart Cities Market By Application, 2019 – 2026 ($Bn)

Table 78 Rest of Middle East & Africa Smart Cities Market By Smart Transportation, 2019 – 2026 ($Bn)

Table 79 Rest of Middle East & Africa Smart Cities Market By Smart Infrastructure, 2019 – 2026 ($Bn)

List of Figures

Fig.1 Smart Cities Market Snapshot

Fig.2 Smart Cities Market Segmentation

Fig.3 Smart Cities Industry Value Chain Analysis

Fig.4 The Smart City Value Chain: Smart City Platforms

Fig.5 Smart City Value Chain: Smart Buildings

Fig.6 The Smart Cities Value Chain: Smart Transportation

Fig.7 The Smart Cities Value Chain: Smart Infrastructure

Fig.8 The Smart Cities Value Chain: Smart Grid

Fig.9 The Smart Cities Value Chain: Smart City Services

Fig.10 Global Smart Cities PORTER’s Five Force Analysis

Fig.11 Smart Cities Market – Key Drivers Impact Analysis

Fig.12 Urban Vs Rural Population – 2021-2030

Fig.13 Smart Cities– Key Market Challenges/Impediments Impact Analysis

Fig.14 Impact of Pandemic on Economics of the Cities

Fig.15 Smart Cities– M&A Activity Dashboard

Fig.16 Smart Cities– Patent Activity Dashboard

Fig.17 Smart Cities– Job Analytics Dashboard

Fig.18 Smart Cities– Venture Financing Dashboard

Fig.19 Smart Cities– Social Media Analytics Dashboard

Fig.20 Global Smart Cities Market – Revenue Opportunity Forecast, 2019-2026 (US$ Billion)

Fig.21 Global Smart Cities Market By Application, 2019 2026 (US$ Billion)

Fig.22 Global Smart Cities Market By Smart Transportation, 2019 & 2026 (US$ Billion)

Fig.23 Global Smart Cities Market By Smart Infrastructure, 2019 & 2026 (US$ Billion)

Fig.24 Smart Cities– Market Overview

Fig.25 North America Smart Cities Market Snapshot

Fig.26 US Smart Cities By Application – 2021 & 2026 (US$B)

Fig.27 Canada Smart Cities By Application – 2021 & 2026 (US$B) 66

Fig.28 Europe Smart Cities Market Snapshot

Fig.29 UK Smart Cities By Application – 2021 & 2026 (US$B)

Fig.30 Germany Smart Cities By Application – 2021 & 2026 (US$B)

Fig.31 France Smart Cities By Application – 2021 & 2026 (US$B)

Fig.32 Spain Smart Cities By Application – 2021 & 2026 (US$B)

Fig.33 Italy Smart Cities By Application – 2021 & 2026 (US$B)

Fig.34 Rest of Europe Smart Cities By Application – 2021 & 2026 (US$B)

Fig.35 South & Central America Smart Cities Market Snapshot

Fig.36 Brazil Smart Cities By Application – 2021 & 2026 (US$B)

Fig.37 Mexico Smart Cities By Application – 2021 & 2026 (US$B)

Fig.38 Colombia Smart Cities By Application – 2021 & 2026 (US$B)

Fig.39 Rest of South & Central America Smart Cities By Application – 2021 & 2026 (US$B)

Fig.40 Asia Pacific Smart Cities Market Snapshot

Fig.41 China Smart Cities By Application – 2021 & 2026 (US$B)

Fig.42 India Smart Cities By Application – 2021 & 2026 (US$B)

Fig.43 Japan Smart Cities By Application – 2021 & 2026 (US$B)

Fig.44 Australia Smart Cities By Application – 2021 & 2026 (US$B)

Fig.45 Rest of Asia Pacific Smart Cities By Application – 2021 & 2026 (US$B)

Fig.46 Middle East & Africa Smart Cities Market Snapshot

Fig.47 Saudi Arabia Smart Cities By Application – 2021 & 2026 (US$B)

Fig.48 UAE Smart Cities By Application – 2021 & 2026 (US$B)

Fig.49 South Africa Smart Cities By Application – 2021 & 2026 (US$B)

Fig.50 Rest of Middle East & Africa Smart Cities By Application – 2021 & 2026 (US$B)

Fig.51 Smart Cities – Growth-Innovation Matrix

Fig.52 Research Elements

Fig.53 Information Procurement

Fig.54 ICT Survey Process

Fig.55 Research Methodology

Fig.56 Market Definitions

Frequently Asked Questions

The smart cities market size globally was valued at US$511.1 billion in 2021.

The smart cities market is expected to grow at a CAGR of 8.1% during the forecast period (2022-2026).

The inclination of population to migrate to cities is one of the primary reasons for the world becoming increasingly urban. Cities cover only 2% of the Earth’s surface but account for 50% of its population, which has fueled the smart cities market growth.

Application: Smart Transportation, Smart Infrastructure, Smart Grid, Smart Building, and Smart City Platform

Smart Transportation: Intelligent Transportation, Parking Management, and Smart Ticketing.

Smart Infrastructure: City Surveillance, Smart Lighting, and Command & Control Systems

The leading companies in the smart cities market are Microsoft Corp, Accenture, IBM, Hitachi, Honeywell, Alibaba Group, Huawei Technologies Co. Ltd., and Hikvision, among others.

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