Smart Cities Market - Forecasts from 2023 to 2028

The smart cities market was valued at US$1,030.396 billion in 2021.

Smart Cities are cities that utilize The Internet and Digital technology to enhance the quality of life for the people residing within them. The impetus for the growth of the Smart Cities Market is provided by the developing countries where the concept is widely accepted and implemented. An increase in urbanization has led to a severe need for Smart Cities to provide a framework for connectivity and access to real-time information to set up a management system that establishes a relationship between the citizen, service providers, and administrators. Even though Smart Cities are the best possible concept for implementing Green Technology and efficient production and distribution of electricity, there are numerous limitations to this concept which include the high cost of investment, cyber security and data security, and socio-political obstacles.

This research study examines the smart cities market based on various segments: Type, End-Users, Application, and Geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the smart cities industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the smart cities market. Moreover, the research study analyzes the overall regulatory framework of the smart cities sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Smart Cities Market - Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the smart cities market report are as below:

• Smart cities market data tables and charts
• Market outlook with sections on drivers, restraints, Porter's, and industry value chain analysis
• Market assessment by type into transportation and traffic management, waste management, water management, energy management, and healthcare facilities.
• Detailed market trends, analysis, and graphical representation by end users into hotels and resorts, residential, industries, and others.
• In-depth analysis of the smart cities market by application into lighting, consumer electronics, safety, security, environmental controls, and others.
• A 360o view of the demand for Smart Cities solutions/services across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.

Different segments covered under the smart cities market report are as below:

By Type

• Transportation and Traffic Management
• Waste Management
• Water Management
• Energy Management
• Healthcare Facilities

By End Users

• Hotels and Resorts
• Residential
• Industrial
• Others

By Application

• Lighting
• Consumer Electronics
• Safety
• Security
• Environmental Controls
• Others

By Geography

• North America
  • United States
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Others