Smart Cities Market  Growth, Size, Share, Opportunities, Industry Analysis & Forecast to 2029
Smart cities market was valued at USD 457.63 billion in 2021, and is expected to reach USD 1,291.75 billion by 2029, exhibiting a CAGR of 13.85 % during the forecast period (2022-2029)

Smart Cities Market Overview

Global Smart Cities Market 2021, published by Maximize Market Research, is the culmination of thorough primary and secondary research. The research completely examines analysed insights in light of the market, as well as its ever-changing trends, industry environment, and all of the market’s leading elements. The research approach was used to investigate the global Smart Cities market, and the results were logically presented in this report.

Market Scope

Global Smart Cities Market research report includes crucial statistics and analytical insights to provide a comprehensive understanding of the market size, market share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, types, and application. The research also includes accessible opportunities in micro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and significant competitors’ product offers.

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The qualitative and quantitative data provided in the Smart Cities market study can help decision-makers understand which market segments, and regions are expected to grow at higher rates, the factors affecting the market, and key opportunity areas. The report also includes the competitive landscape of key players in the industry along with emerging trends in the Smart Cities market.

Segmentation : 

The Intelligent Transportation System (ITS) segment will account for more than 45% of the market in 2021. The increasing number of cars on the road, as well as the desire to reduce traffic congestion, are major motivators for the implementation of modern traffic management systems. These technologies reduce traffic delays and pollution, promote effective traffic management by shortening travel times, and enable authorities and public safety organisations to respond quickly and efficiently to accidents and crises.

by Application

• Smart Building
• Smart Transportation
• Smart Utilities
• Smart Governance
• Smart Healthcare
• Environmental Solution

by Smart Building

• By Component
o Solutions
 Building Infrastructure management
 Safety and Security Management
 Energy Management
 Network Management
 Integrated Workplace Management System
o Services
 Consulting
 Deployment and Integration
 Infrastructure Monitoring and Management

• By Type

o Residential
o Commercial
o Industrial

by Smart Transportation

• By Component

o Solutions
 Smart Ticketing
 Traffic Management
 Parking Management
 Traffic Surveillance
 Passenger Information
 Connected Logistics
 Other solutions
o Services
 Consulting
 Deployment and Integration
 Infrastructure Monitoring and Management

• By Type

o Roadways
o Railways
o Airways


by Smart Utilities

• By Component
o Solutions
 Advanced Metering Infrastructure
 Distributed Management System
 Substation Automation
 Other Solutions
o Services
 Consulting
 Deployment and Integration
 Infrastructure Monitoring and Management
• By Type
o Energy Management
o Gas Management
o Water Management
o Other types

by Smart Governance

• City Surveillance
• CCS
• E-governance
• Smart Lighting
• Smart Infrastructure

by Smart Healthcare

• Medical Devices
• System and Software
• Services

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Key Players

• Cisco Systems, Inc.(US)
• Verizon(US)
• Microsoft Corporation(US)
• Oracle Corporation(US)
• General Electric(US)
• Honeywell International Inc.(US)
• International Business Machines Corporation(US)
• Itron Inc.(US)
• KAPSCH Group(Austria)
• Huawei Technologies Co., Ltd.(China)
• Schneider Electric SE (France)
• Ericsson (Sweden)
• Osram Gmbh (Germany)
• AGT International (Germany)
• SAP SE(Germany)
• Siemens AG(Germany)
• Vodafone Group plc(UK)
• Telensa (UK)
• AVEVA Group plc. (UK)
• ABB Limited (Switzerland)

Regional Analysis

Geographically, the report is segmented into several key countries, including market size, growth rate, import and export of Smart Cities market in these countries, covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.

Key Questions answered in the Smart Cities Market Report are:

  • What is Smart Cities Market?
  • What is the forecast period of the Market?
  • What is the competitive scenario of the market?
  • Which region held the largest market share in the Market?
  • What are the opportunities for the Market?
  • What factors are affecting the market growth?
  • Who are the key players of the market?
  • Which company held the largest share in the market?
  • What will be the CAGR of the market during the forecast period?
  • What key trends are likely to emerge in the market in the coming years?

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Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Smart Cities
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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