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Market Research Report

Smart Cities

Published by Global Industry Analysts, Inc. Product code 354719
Published Content info 751 Pages
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Smart Cities
Published: March 1, 2020 Content info: 751 Pages
Description

Smart Cities market worldwide is projected to grow by US$1.3 Trillion, driven by a compounded growth of 19.4%. Smart Governance & Education, one of the segments analyzed and sized in this study, displays the potential to grow at over 21.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$546.1 Billion by the year 2025, Smart Governance & Education will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 18.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over *US$74.4 Billion to the region's size and clout in the next 5 to 6 years. *Over US$86.5 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Smart Governance & Education will reach a market size of US$13.2 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 25.1% over the next couple of years and add approximately US$192.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

  • ABB Ltd.
  • AGT International
  • Cisco Systems, Inc.
  • GE Current
  • Engie
  • Hitachi, Ltd.
  • Honeywell International, Inc.
  • Huawei Technologies Co., Ltd
  • IBM Corporation
  • Intel Corporation
  • Itron, Inc.
  • Johnson Controls International plc
  • Libelium Comunicaciones Distribuidas S.L
  • Microsoft Corporation
  • Nokia Corporation
  • Oracle Corporation
  • Panasonic Corporation of North America
  • Schneider Electric SA
  • Siemens AG
  • Spatial Labs, Inc.
  • Telefonaktiebolaget LM Ericsson
  • Telensa Limited
  • Urbiotica
  • Verizon Communications, Inc.
  • Worldsensing SL.
Table of Contents
Product Code: MCP-7080

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE 1

II. EXECUTIVE SUMMARY 14

1. MARKET OVERVIEW 14

  • Smart Cities: A Conceptual Overview 14
  • Business Models in Smart City Projects 15
  • Smart City Technologies 15
  • End-Use Segments 16
  • Smart Cities: A Review of Technologies & Applications in Major End-Use Industries 17
  • Major Standards and Indicators for Assessment of Smart City Outcomes 18
  • Smart Cities: A Sustainable Way to Accommodate World's Growing Population 18
  • EXHIBIT 1: With Population Bursting at its Seams, Smart Cities Emerge as the Future of Sustainable Eco-friendly Living: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050 20
  • Depleting World Natural Resources Throws the Spotlight on Smart Cities 20
  • EXHIBIT 2: Global Per Capita Availability of Water by Geographic Region (In Cubic Meters) for the Years 1990, 2018 and 2025 21
  • EXHIBIT 3: With World Energy Demand Outstripping the Increase in Coal Reserves, Focus Shifts to Sustainable Use of Energy by Cities: Global Coal Reserves (in Billion Metric Tons) and Electricity Consumption (in Billion kWh) for the Years 1998, 2008 and 2018 21
  • Increasingly Congested Cities Lay the Foundation for the Creation of Planned Urban Spaces 22
  • Rapid Urbanization: A Key Factor Underlying Congested Cities 23
  • EXHIBIT 4: World Urban Population in Thousands: 1950-2050P 25
  • EXHIBIT 5: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050 26
  • EXHIBIT 6: Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050 27
  • Resource Constraints & Environmental Consciousness Foster Smart City Development 28
  • EXHIBIT 7: Resource Constraints & Pollution Concerns Confronting Cities Worldwide: Breakdown of Water Consumption Per Capita, Carbon Dioxide (CO2) Emissions Per Capita and Waste Volume Per Capita by Geographic Region 29
  • Smart Cities Market Poised for Robust Growth Ahead 29
  • Smart Energy to Drive Long-Term Growth in the Smart Cities Market 30
  • Developing Regions Emerge as Test Beds for Smart Cities Initiatives 32
  • Challenges Confronting Development of Smart City Programs 34
  • Absence of Uniform and Standard Technology 35
  • Lack of Clear Strategic Goals and KPIs 35
  • Security Concerns Limit Progress 35
  • Quick Review of Market Structure 36
  • Competition 37
  • Recent Market Activity 38

2. FOCUS ON SELECT PLAYERS 39

  • ABB Ltd. (Switzerland) 39
  • AGT International (Switzerland) 39
  • Cisco Systems, Inc. (USA) 40
  • GE Current (USA) 40
  • Engie (France) 41
  • Hitachi, Ltd. (Japan) 41
  • Honeywell International, Inc. (USA) 42
  • Huawei Technologies Co., Ltd (China) 42
  • IBM Corporation (USA) 43
  • Intel Corporation (USA) 43
  • Itron, Inc. (USA) 44
  • Johnson Controls International plc (Ireland) 45
  • Libelium Comunicaciones Distribuidas S.L (Spain) 45
  • Microsoft Corporation (USA) 45
  • Nokia Corporation (Finland) 46
  • Oracle Corporation (USA) 46
  • Panasonic Corporation of North America (USA) 46
  • Schneider Electric SA (France) 47
  • Siemens AG (Germany) 47
  • Spatial Labs, Inc. (USA) 48
  • Telefonaktiebolaget LM Ericsson (Sweden) 48
  • Telensa Limited (UK) 49
  • Urbiotica (Spain) 49
  • Verizon Communications, Inc. (USA) 49
  • Worldsensing SL (Spain) 50

3. MARKET TRENDS & DRIVERS 51

  • Growing Environmental Footprint of Cities Shifts Focus Onto Smart Cities 51
  • EXHIBIT 8: Suffocating Cities in Developing Countries as Measured by their PM2.5 & the Urgent Need for Remediation to Fuel Adoption of Smart City Technologies: Top Cities in the Developing World with the Highest PM2.5 (Micrograms Per Cubic Meter) for the Year 2018 52
  • Funding Support: Vital for Smart Cities Initiatives 52
  • Shift Towards Open Governance Model Fuels Interest in Smart Cities 53
  • A Review of ICT Technologies Enabling Smart Cities 54
  • Broadband Networks 55
  • Internet of Things (IoT) 55
  • Smart Devices 55
  • Cloud Computing 56
  • Big Data Analytics 56
  • Artificial Intelligence 57
  • Facial Recognition 57
  • Geographic Information System (GIS) 57
  • Fog Computing 57
  • IoT Lies at the Heart of the Connected Self-Aware Environment Epitomized by Smart Cities 58
  • IoT Implementations in Smart Homes & Buildings 59
  • EXHIBIT 9: Connected Things in Smart Cities: Installed Base (in Million) by Segment for 2015 and 2019 60
  • Growing Prominence of Sensor Technology in Smart Cities 61
  • Rising Significance of Smart City as a Service 61
  • Unified Smart City Platforms Allow Big Data to Become a Reality 63
  • Transformative Role of AI Technologies in Smart Cities Optimizes Urban Services 64
  • EXHIBIT 10: Developments in AI Paves the Way for Increase Use of AI Intelligence in Smart Cities: World Market for AI-based Hardware, Software and Services (In US$ Million) by Technology for the Years 2018, 2022 and 2024 67
  • Big Data Drives Smart Cities Movement and Data Analytics Enhances Smart City Services 67
  • Edge and Fog Computing Facilitate Real-time Analytics with Low Bandwidth Consumption 69
  • Advances in Technology and Innovative Financing Solutions Facilitate Development of Smart City Initiatives 70
  • Communication Networks Hold Significance for Smart Connected Cities 71
  • Wi-Fi Networks Vital for Smart Cities Projects 71
  • Emerging 5G Technology to Foster Implementation of Smart City Technologies 71
  • Mesh Networks for Smart Cities 72
  • Open Data to Provide Long-Term Business Opportunities 73
  • Government Policies: Critical for Fostering Smart City Technology Developments 73
  • E-Government: Imperative for Transforming Cities into Smart Cities 74
  • A Review of Select Smart City Initiatives Implemented Worldwide 74
  • Innovative Smart Cities Solutions and Systems Present Considerable Growth Opportunity 77
  • A Peek at Select Innovations in Smart Cities Space 77
  • The EZ-PRO Shared Delivery Vehicle Concept of Renault 78
  • The Hyperloop Project 78
  • Biomimicry-Based Solutions for Smart City Lighting and Air Pollution Reduction 79
  • Robot Valets for Car Parks at Airports 79
  • Urbiotica's Smart Parking Solution 79
  • Smart Street Lighting System from Citeos 80
  • Automated Waste Management Systems in the US and France 80
  • The Energy Positive Building Powerhouse Brattorkaia in Norway 80
  • The Mexican Smart Forest City 81
  • Floating Homes in Coastal Communities 81
  • Self-Driving Shuttles in New York 81
  • Digital Twin Simulation Software Solutions for Future Urban Development Projects 81
  • Energy Collecting Bike Racks 82
  • AI for Pedestrian Crossing Lights to Prevent Accidents in Vienna 82
  • Going from Idea to Reality: A Peek into How Cities Are Getting Smarter 82
  • Provision of Smart Municipal & Utility Services Gains Momentum 83
  • Smart Grids Vital for Smart Energy Distribution 83
  • EXHIBIT 11: Strong Spending on Smart Grids Strengthens Smart Energy Infrastructure Vital for the Success of Larger Smart City Plans: Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020 84
  • Smart Metering: Vital for Efficient Energy Use & Consumption Control in Smart Cities 84
  • EXHIBIT 12: Widespread Installation of Smart Electricity Meters to Fuel the Success Rate of Smart City Projects by Improving Customer Service & Encouraging Proactive Management of Energy Usage: Global Smart Electricity Meters Market (in US$ Billion) for the Years 2019, 2021 and 2023 85
  • Spiraling Adoption of Smart Water Meters in Cities Worldwide 86
  • EXHIBIT 13: Surging Penetration of Smart Water Meters & Smart Gas Solutions Helps in the Provision of Smart Utility Services Resulting in the Creation of Smart Outcomes for Citizens & Communities: World Market for Smart Water Meters (In US$ 000) by Geographic Region for the Years 2018, 2022 and 2024 88
  • Demand Responsive Energy Management: Indispensable for a Low Carbon Smart City Footprint 88
  • EXHIBIT 14: Growing Investments in Demand Response Enables Closer Consumer Engagement in Competitive & Smart City Energy Markets: Global Spending On Demand Response Management Systems (DRMS) (In US$ Billion) for the Years 2018, 2022 and 2024 90
  • Security in Smart Cities Receives Undivided Focus 90
  • Video Surveillance Plays an Important Role in Public Safety in Smart Cities 91
  • Advanced Analytics for Surveillance Systems 92
  • Smart Buildings & Homes Receive Fair Share of Development Focus 92
  • Intelligent Buildings Vital for Constructing a Smart City 92
  • EXHIBIT 15: Strong Growth in BEMS Market Indicates Rapid Progress towards Intelligent Buildings: World Market for Building Energy Management Systems (BEMS) in US$ Million by Segment for the Years 2018, 2022 & 2024 94
  • Consumer Spending on Smart Home Technologies Gathers Steam 95
  • EXHIBIT 16: Growing Number of Smart Homes Catalyzes the Creation of Smart Cities: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025 96
  • EXHIBIT 17: Growing Investments in Home Automation Technologies Provides a Fertile Ground for the Growth of IoT: Global Home Automation Revenues in US$ Million by Geographic Region for 2018 and 2024 96
  • EXHIBIT 18: Growing Adoption of Connected Home Equipment Supported by Expanding Digital Lifescape to Benefit Growth of Smart Homes: Percentage Breakdown of Global Smart Home Market by Technology for the 2018 and 2022 97
  • Smart & Connected Lighting Systems Make Cities Smarter, Safer & Help Governments Turn Infrastructure Liabilities into Assets 97
  • Deployment of LED & Smart Streetlights Grows in Cities 99
  • EXHIBIT 19: Focus on Energy Efficient Smart Cities to Trigger Growth in Smart Lighting Technologies: World Market for Smart Lighting in US$ Billion for the Years 2019, 2021, 2023 and 2024 99
  • Smart Digital Education Lies at the Heart of the Smart Cities Concept 100
  • EXHIBIT 20: Deemed as Vital for the Creation of Smart Communities & Cities, the Need to Groom Smart People & Citizens to Drive Robust Demand for Mobile Learning Products & Services: World Market for Mobile Learning (In US$ Billion) for 2018, 2021 and 2024 101
  • Smart Healthcare: A Vital Part of the Smart Cities Ecosystem 102
  • EXHIBIT 21: Robust Market for mHealth Solutions to Aid in the Creation of Smart Cities: World Market for mHealth Solutions (In US$ Billion) for the Years 2019, 2021, 2023 and 2025 103
  • Smart Mobility & Intelligent Transportation Secures a Fair Share of Government Funding 103
  • EXHIBIT 22: Unprecedented Rise of Connected Cars as the Future of Driving to Benefit the Development of Smart Cities: Global Connected Vehicle Shipments (In Million Units) for the Years 2019, 2021 and 2023 105

4. GLOBAL MARKET PERSPECTIVE 106

  • TABLE 1: Smart Cities Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 106
  • TABLE 2: Smart Cities Market Share Shift across Key Geographies Worldwide: 2019 VS 2025 107
  • TABLE 3: Smart Governance & Education (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2018-2025 108
  • TABLE 4: Smart Governance & Education (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025 109
  • TABLE 5: Smart Buildings & Infrastructure (Application) Worldwide Sales in US$ Million by Region/Country: 2018-2025 110
  • TABLE 6: Smart Buildings & Infrastructure (Application) Market Share Shift across Key Geographies: 2019 VS 2025 111
  • TABLE 7: Smart Energy (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2018-2025 112
  • TABLE 8: Smart Energy (Application) Market Share Breakdown by Region/Country: 2019 VS 2025 113
  • TABLE 9: Smart Healthcare (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2018-2025 114
  • TABLE 10: Smart Healthcare (Application) Share Breakdown Review by Region/Country: 2019 VS 2025 115
  • TABLE 11: Smart Security (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2018-2025 116
  • TABLE 12: Smart Security (Application) Distribution of Global Sales by Region/Country: 2019 VS 2025 117
  • TABLE 13: Other Applications (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2018 through 2025 118
  • TABLE 14: Other Applications (Application) Global Market Share Distribution by Region/Country for 2019 and 2025 119

III. MARKET ANALYSIS 120

  • GEOGRAPHIC MARKET ANALYSIS 120
  • UNITED STATES 120
  • Smart Cities Projects in the US Gain Traction 120
  • Smart Gas Solutions Market Poised for Growth 120
  • Rising Investments in Water Utilities with Focus on Smart Water Meters Drive Market Growth 121
  • EXHIBIT 23: Drinking Water Infrastructure Expenditure Needs in the US through 2030 by Project Type 122
  • EXHIBIT 24: US Smart Water Solutions Market: Percentage Breakdown of Spending by Segment for 2016, 2020, and 2024 123
  • Market Analytics 124
  • TABLE 15: United States Smart Cities Latent Demand Forecasts in US$ Million by Application: 2018 to 2025 124
  • TABLE 16: Smart Cities Market Share Breakdown in the United States by Application: 2019 VS 2025 125
  • CANADA 126
  • Spending on Smart Cities Continues to Grow 126
  • EXHIBIT 25: Top Use Cases for Smart Cities Spending in Canada: % CAGR by Use Case for the Period 2017-2022 126
  • Market Analytics 127
  • TABLE 17: Canadian Smart Cities Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025 127
  • TABLE 18: Canadian Smart Cities Market Share Analysis by Application: 2019 VS 2025 128
  • JAPAN 129
  • Market Overview 129
  • Japan Leverages Smart Gas Solutions to Build Low Carbon, Energy-Efficient Society 129
  • Market Analytics 130
  • TABLE 19: Japanese Demand Estimates and Forecasts for Smart Cities in US$ Million by Application: 2018 to 2025 130
  • TABLE 20: Smart Cities Market Share Shift in Japan by Application: 2019 VS 2025 131
  • CHINA 132
  • Smart Cities Market in China: An Overview 132
  • EXHIBIT 26: Total Number of Smart City Projects with Financial and Institutional Support from Local Government 133
  • EXHIBIT 27: Smart City Government Informationization Market (In Billion Yuan) for the Years 2016, 2018, 2020 & 2022 134
  • Market Analytics 135
  • TABLE 21: Chinese Demand for Smart Cities in US$ Million by Application: 2018 to 2025 135
  • TABLE 22: Chinese Smart Cities Market Share Breakdown by Application: 2019 VS 2025 136
  • EUROPE 137
  • Smart Cities Deployment in Europe Continues to Gain Momentum 137
  • FIWARE: An Open Platform for Smart Cities 138
  • Rising Deployments of Smart Water Meters Augurs Well for Smart Cities Initiatives 138
  • Market Analytics 140
  • TABLE 23: European Smart Cities Market Demand Scenario in US$ Million by Region/Country: 2018-2025 140
  • TABLE 24: European Smart Cities Market Share Shift by Region/Country: 2019 VS 2025 141
  • TABLE 25: European Smart Cities Addressable Market Opportunity in US$ Million by Application: 2018-2025 142
  • TABLE 26: European Smart Cities Market Share Analysis by Application: 2019 VS 2025 143
  • FRANCE 144
  • TABLE 27: Smart Cities Quantitative Demand Analysis in France in US$ Million by Application: 2018-2025 144
  • TABLE 28: French Smart Cities Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025 145
  • GERMANY 146
  • TABLE 29: Smart Cities Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2018-2025 146
  • TABLE 30: Smart Cities Market Share Distribution in Germany by Application: 2019 VS 2025 147
  • ITALY 148
  • TABLE 31: Italian Demand for Smart Cities in US$ Million by Application: 2018 to 2025 148
  • TABLE 32: Italian Smart Cities Market Share Breakdown by Application: 2019 VS 2025 149
  • UNITED KINGDOM 150
  • TABLE 33: United Kingdom Demand Estimates and Forecasts for Smart Cities in US$ Million by Application: 2018 to 2025 150
  • TABLE 34: Smart Cities Market Share Shift in the United Kingdom by Application: 2019 VS 2025 151
  • REST OF EUROPE 152
  • TABLE 35: Rest of Europe Smart Cities Addressable Market Opportunity in US$ Million by Application: 2018-2025 152
  • TABLE 36: Rest of Europe Smart Cities Market Share Analysis by Application: 2019 VS 2025 153
  • ASIA-PACIFIC 154
  • Asian Economies Focus on Development of Smart Cities 154
  • Market Analytics 155
  • TABLE 37: Smart Cities Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2018-2025 155
  • TABLE 38: Asia-Pacific Smart Cities Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025 156
  • REST OF WORLD 157
  • Middle East: Huge Opportunity for Smart City Developments 157
  • Rising Power Demand Propels Growth in Smart Power Metering Technologies 158
  • UAE Focuses on Developing Connected, Smart Cities 158
  • Latin American Smart Cities Market: An Overview 159
  • EXHIBIT 28: Major Megacities in Latin America by Population (in Million) by 2025 159
  • Market Analytics 160
  • TABLE 39: Rest of World Smart Cities Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025 160
  • TABLE 40: Rest of World Smart Cities Market Share Analysis by Application: 2019 VS 2025 161

IV. COMPETITION

  • Total Companies Profiled : 96 (including Divisions/Subsidiaries - 100)
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