However, there are certain factors that are hampering the growth of the market. The high cost of implementation and maintenance, lack of awareness among masses and reluctance to adopt are estimated to be the major constraint in the growth of the market. Besides these petty constraints, the smart city market is yet to explore its full potential. Emerging APAC region and smart city initiatives in Europe and US are developing numerous expansion opportunities for the growth of the market.
On the geographical front, North America dominates the global smart city market due to growing development of water infrastructure and transport sector, government regulations, and policy to reduce carbon emission and the strong presence of IT giants and infrastructure developing companies. APAC is expected to be the fastest growing region owing to increase technologically awareness, improved living standards, government initiatives such as smart cities mission in India and rising demand for residential development in the region are driving factors responsible for the growth of the market.
Companies profiled in the report include AWS Collaborative City, Cisco Systems, Inc., Engie, Ericsson, FCC, Ferrovial, Fiware, Hitachi, Ltd., Huawei Investment & Holding Co., Ltd., IBM Corporation, Living PlanIT, Microsoft Corporation, Oracle Corporation, Sap and Schneider Electric Se. Other prominent players include Siemens AG, Tata Consultancy Services Limited., Telefónica S.A., Thyssenkrupp, Toshiba Corporation, and Wipro Limited. Global smart city market players endeavor for joint ventures, M&A, partnership and collaboration. For an instance, In Jan 2017, Tata Consultancy Services and Gfi Informatique collaborated to support Belfort’s smart city strategy, which enables local authorities to employ digital transformation projects that are developed by both the companies.
Research Methods and Tools
The study of the smart city market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include
- Financial reports of companies involved in the market
- Forward-looking statement of key smart city market players
- Authentic Public Databases
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
- Global Smart city Market Research and Analysis, By application
- Global Smart city Market Research and Analysis, By Component
- Global Smart city Market Research and Analysis, By Region
- Comprehensive research methodology of Global Smart city
- This report also includes a detailed and extensive market overview with key analyst insights.
- The exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Global Smart City Market.
- Insights about market determinants which are stimulating the Global Smart City Market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
18.104.22.168. Service Provider
Chapter 2. Market Overview and Insights
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
22.214.171.124. United States
126.96.36.199. European Union
188.8.131.52. Rest of the World
Chapter 3. Market Determinant
3.1.1. Cohesive Government Policies and Funding
3.1.2. Global Rise In Environmental Concerns
3.1.3. Installation of Smart Grids
3.1.4. Innovations and Technological Advancement Are Driving the Market
3.1.5. Dominance of It Giants and Big Construction & Infrastructure Market Players
3.2.1. Implementation and Maintenance Costs Are High
3.2.2. Lack of Awarness Among Masses
3.2.3. Reluctancy To Adopt
3.3.1. Europe and Us Are Most Opportunity Market
3.3.2. Emerging Apac Region
3.3.3. Waste Management Is a Major Attraction
3.3.4. Growing Standard of Living
3.3.5. Rising Disposable Income
Chapter 4. Market Segmentation
4.1. Global Smart City Market, by Component
4.2. Global Smart City Market, by Application
4.2.1. Building and Infrastructure
4.2.2. Transportation System and Services
4.2.3. Safety and Security
4.2.5. Energy Management
4.2.6. Waste Management
4.2.7. Healthcare System and Services
4.2.8. Water Management
Chapter 5. Competitive Landscape
5.1. Key Company Analysis
5.2. Key Strategies
Chapter 6. Regional Analysis
6.1. North America
6.1.1. United States
6.2.6. Rest of Europe
6.3.4. Rest of Apac
6.4. Rest of the World
Chapter 7. Company Profiles
7.1. Aws Collaborative City
7.2. Cisco Systems, Inc.
7.8. Hitachi, Ltd.
7.9. Huawei Investment & Holding Co., Ltd.
7.10. Ibm Corporation Product Portfolio
7.11. Living Planit
7.12. Microsoft Corporation
7.13. Oracle Corporation
7.14. Sap Se
7.15. Schneider Electric Se
7.16. Siemens Ag
7.17. Tata Consultancy Services Limited.
7.18. Telefónica S.A.
7.20. Toshiba Corporation
7.21. Wipro Limited
- AWS Collaborative City
- Cisco Systems, Inc.
- Hitachi, Ltd.
- Huawei Investment & Holding Co., Ltd.
- IBM Corporation Product Portfolio
- Living Planit
- Microsoft Corporation
- Oracle Corporation
- SAP Se
- Schneider Electric Se
- Siemens Ag
- Tata Consultancy Services Limited.
- Telefónica S.A.
- Toshiba Corporation
- Wipro Limited