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Smart Cities Market by Component and Functional Area: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 260 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578325
Description Jump to:
Smart cities are technologically advanced metropolitan regions that use modern electronic technologies such as voice activation systems and motion detection sensors. The information obtained from such data sets can then be utilized to efficiently manage the assets, resources, and various other services of smart cities. Data mining and analytics techniques are used to improve the operational efficiency of a smart city. In a smart city, data and information can be gathered from citizens, devices, buildings, and assets that are processed and analyzed in order to track & manage traffic & transportation networks, utility networks, waste disposal, crime detection, and even management of public infrastructure.

The growth of the global smart cities market is driven by factors such as various government smart city initiatives, rise in the need for better natural resource management in urban environments. In addition, the growth in need for public safety and security has fueled the growth of the smart cities market. However, security concerns associated with smart cities and lack of funding & adequate infrastructure limit the growth of this market. Conversely, the emergence of artificial intelligence in smart cities and the surge in the IoT market and its application in smart cities are projected to provide numerous opportunities for the expansion of the market during the forecast period.

The global smart cities market is segmented into component, functional area, and region. Based on component, the market is divided into hardware, software, and service. Depending on the functional area, the market is fragmented into smart infrastructure, smart governance and smart education, smart energy, smart mobility, smart healthcare, smart buildings, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global smart cities market is dominated by key players such as AT&T Intellectual Property, Cisco Systems, Inc., Ericsson, General Electric, Hitachi, Ltd, Huawei Technologies Co. Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, and Schneider Electric. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global smart cities market forecast along with the current & future trends to explain the imminent investment pockets
  • Information about key drivers, restraints, & opportunities and their impact analysis on global smart cities market trends is provided in the report
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry
  • The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential

Key Market Segments


By Component

  • Hardware
  • Software
  • Service

By Functional Area

  • Smart Infrastructure
  • Smart Governance and Smart Education
  • Smart Energy
  • Smart mobility
  • Smart healthcare
  • Smart Buildings
  • Others

By Region

  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia

KEY MARKET PLAYERS

  • AT&T Intellectual Property
  • Cisco Systems, Inc
  • Ericsson
  • General Electric
  • Hitachi, Ltd
  • Huawei Technologies Co Ltd
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Schneider Electric

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Share Analysis/Top Player Positioning
3.4.1. Market Share Analysis/Top Player Positioning 2020
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. Covid-19 Impact Analysis
Chapter 4: Smart Cities Market, by Component
4.1. Market Overview
4.1.1Market Size and Forecast, by Component
4.2. Hardware
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Software
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4. Software
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country
Chapter 5: Smart Cities Market, by Functional Area
5.1. Market Overview
5.1.1Market Size and Forecast, by Functional Area
5.2. Smart Infrastructure
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Share Analysis, by Country
5.3. Smart Governance and Smart Education
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Share Analysis, by Country
5.4. Smart Energy
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Share Analysis, by Country
5.5. Smart Mobility
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Share Analysis, by Country
5.6. Smart Healthcare
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Share Analysis, by Country
5.7. Smart Buildings
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast, by Region
5.7.3. Market Share Analysis, by Country
5.8. Others
5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast, by Region
5.8.3. Market Share Analysis, by Country
Chapter 6: Smart Cities Market, by Region
6.1. Market Overview
6.1.1Market Size and Forecast, by Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, by Component
6.2.3. Market Size and Forecast, by Functional Area
6.2.4. Market Size and Forecast, by Country
6.2.5. United States Smart Cities Market
6.2.5.1. Market Size and Forecast, by Component
6.2.5.2. Market Size and Forecast, by Functional Area
6.2.6. Canada Smart Cities Market
6.2.6.1. Market Size and Forecast, by Component
6.2.6.2. Market Size and Forecast, by Functional Area
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, by Component
6.3.3. Market Size and Forecast, by Functional Area
6.3.4. Market Size and Forecast, by Country
6.3.5. U. K Smart Cities Market
6.3.5.1. Market Size and Forecast, by Component
6.3.5.2. Market Size and Forecast, by Functional Area
6.3.6. Germany Smart Cities Market
6.3.6.1. Market Size and Forecast, by Component
6.3.6.2. Market Size and Forecast, by Functional Area
6.3.7. France Smart Cities Market
6.3.7.1. Market Size and Forecast, by Component
6.3.7.2. Market Size and Forecast, by Functional Area
6.3.8. Italy Smart Cities Market
6.3.8.1. Market Size and Forecast, by Component
6.3.8.2. Market Size and Forecast, by Functional Area
6.3.9. Spain Smart Cities Market
6.3.9.1. Market Size and Forecast, by Component
6.3.9.2. Market Size and Forecast, by Functional Area
6.3.10. Rest of Europe Smart Cities Market
6.3.10.1. Market Size and Forecast, by Component
6.3.10.2. Market Size and Forecast, by Functional Area
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, by Component
6.4.3. Market Size and Forecast, by Functional Area
6.4.4. Market Size and Forecast, by Country
6.4.5. China Smart Cities Market
6.4.5.1. Market Size and Forecast, by Component
6.4.5.2. Market Size and Forecast, by Functional Area
6.4.6. India Smart Cities Market
6.4.6.1. Market Size and Forecast, by Component
6.4.6.2. Market Size and Forecast, by Functional Area
6.4.7. Japan Smart Cities Market
6.4.7.1. Market Size and Forecast, by Component
6.4.7.2. Market Size and Forecast, by Functional Area
6.4.8. South Korea Smart Cities Market
6.4.8.1. Market Size and Forecast, by Component
6.4.8.2. Market Size and Forecast, by Functional Area
6.4.9. Australia Smart Cities Market
6.4.9.1. Market Size and Forecast, by Component
6.4.9.2. Market Size and Forecast, by Functional Area
6.4.10. Rest of Asia-Pacific Smart Cities Market
6.4.10.1. Market Size and Forecast, by Component
6.4.10.2. Market Size and Forecast, by Functional Area
6.5. Lamea
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, by Component
6.5.3. Market Size and Forecast, by Functional Area
6.5.4. Market Size and Forecast, by Country
6.5.5. Brazil Smart Cities Market
6.5.5.1. Market Size and Forecast, by Component
6.5.5.2. Market Size and Forecast, by Functional Area
6.5.6. South Africa Smart Cities Market
6.5.6.1. Market Size and Forecast, by Component
6.5.6.2. Market Size and Forecast, by Functional Area
6.5.7. Saudi Arabia Smart Cities Market
6.5.7.1. Market Size and Forecast, by Component
6.5.7.2. Market Size and Forecast, by Functional Area
Chapter 7: Company Profiles
7.1. At&T Intellectual Property
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.1.7. Key Strategic Moves and Developments
7.2. Cisco Systems, Inc.
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Operating Business Segments
7.2.5. Product Portfolio
7.2.6. Business Performance
7.2.7. Key Strategic Moves and Developments
7.3. Ericsson
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves and Developments
7.4. General Electric
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves and Developments
7.5. Hitachi, Ltd.
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. Business Performance
7.5.7. Key Strategic Moves and Developments
7.6. Huawei Technologies Co. Ltd.
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Operating Business Segments
7.6.5. Product Portfolio
7.6.6. Business Performance
7.6.7. Key Strategic Moves and Developments
7.7. IBM Corporation
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Operating Business Segments
7.7.5. Product Portfolio
7.7.6. Business Performance
7.7.7. Key Strategic Moves and Developments
7.8. Intel Corporation
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Operating Business Segments
7.8.5. Product Portfolio
7.8.6. Business Performance
7.8.7. Key Strategic Moves and Developments
7.9. Microsoft Corporation
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. Business Performance
7.9.7. Key Strategic Moves and Developments
7.10. Schneider Electric
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. Business Performance
7.10.7. Key Strategic Moves and Developments
Note: *Details on Financial Performance and Strategic Moves and Developments May Not Be Captured For
Unlisted Companies.
*List of Companies Profiled in this Toc is Tentative and May Change After Detailed Analysis.
*Market Size and Forecast Will Be Provided from 2020-2030, and Forecast Period Would Be 2021-2030.
*The Provided Information and Segments Are for Representation Purpose Only. The Actual Information
Delivered Would Change Significantly as Per Findings During the Course of Study and Upon Its
Completion.
List of Tables
Table 1. Global Smart Cities Market, by Component, 2020-2030 ($Million)
Table 2. Global Smart Cities Market for Hardware, by Region, 2020-2030 ($Million)
Table 3. Global Smart Cities Market for Software, by Region, 2020-2030 ($Million)
Table 4. Global Smart Cities Market for Software, by Region, 2020-2030 ($Million)
Table 5. Global Smart Cities Market, by Functional Area, 2020-2030 ($Million)
Table 6. Global Smart Cities Market for Smart Infrastructure, by Region, 2020-2030 ($Million)
Table 7. Global Smart Cities Market for Smart Governance and Smart Education, by Region, 2020-2030 ($Million)
Table 8. Global Smart Cities Market for Smart Energy, by Region, 2020-2030 ($Million)
Table 9. Global Smart Cities Market for Smart Mobility, by Region, 2020-2030 ($Million)
Table 10. Global Smart Cities Market for Smart Healthcare, by Region, 2020-2030 ($Million)
Table 11. Global Smart Cities Market for Smart Buildings, by Region, 2020-2030 ($Million)
Table 12. Global Smart Cities Market for Others, by Region, 2020-2030 ($Million)
Table 13. Global Smart Cities Market, by Region, 2020-2030 ($Million)
Table 14. North America Smart Cities, by Region, 2020-2030 ($Million)
Table 15. North America Smart Cities, by Component, 2020-2030 ($Million)
Table 16. North America Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 17. United States Smart Cities, by Component, 2020-2030 ($Million)
Table 18. United States Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 19. Canada Smart Cities, by Component, 2020-2030 ($Million)
Table 20. Canada Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 21. Europe Smart Cities, by Region, 2020-2030 ($Million)
Table 22. Europe Smart Cities, by Component, 2020-2030 ($Million)
Table 23. Europe Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 24. United Kingdom Smart Cities, by Component, 2020-2030 ($Million)
Table 25. United Kingdom Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 26. Germany Smart Cities, by Component, 2020-2030 ($Million)
Table 27. Germany Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 28. France Smart Cities, by Component, 2020-2030 ($Million)
Table 29. France Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 30. Italy Smart Cities, by Component, 2020-2030 ($Million)
Table 31. Italy Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 32. Spain Smart Cities, by Component, 2020-2030 ($Million)
Table 33. Spain Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 34. Rest of Europe Smart Cities, by Component, 2020-2030 ($Million)
Table 35. Rest of Europe Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 36. Asia-Pacific Smart Cities, by Region, 2020-2030 ($Million)
Table 37. Asia-Pacific Smart Cities, by Component, 2020-2030 ($Million)
Table 38. Asia-Pacific Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 39. China Smart Cities, by Component, 2020-2030 ($Million)
Table 40. China Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 41. India Smart Cities, by Component, 2020-2030 ($Million)
Table 42. India Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 43. Japan Smart Cities, by Component, 2020-2030 ($Million)
Table 44. Japan Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 45. South Korea Smart Cities, by Component, 2020-2030 ($Million)
Table 46. South Korea Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 47. Australia Smart Cities, by Component, 2020-2030 ($Million)
Table 48. Australia Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 49. Rest of Asia-Pacific Smart Cities, by Component, 2020-2030 ($Million)
Table 50. Rest of Asia-Pacific Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 51. Lamea Smart Cities, by Region, 2020-2030 ($Million)
Table 52. Lamea Smart Cities, by Component, 2020-2030 ($Million)
Table 53. Lamea Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 54. Brazil Smart Cities, by Component, 2020-2030 ($Million)
Table 55. Brazil Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 56. South Africa Smart Cities, by Component, 2020-2030 ($Million)
Table 57. South Africa Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 58. Saudi Arabia Smart Cities, by Component, 2020-2030 ($Million)
Table 59. Saudi Arabia Smart Cities, by Functional Area, 2020-2030 ($Million)
Table 60. Atandt Intellectual Property: Key Executives
Table 61. Atandt Intellectual Property: Company Snapshot
Table 62. Atandt Intellectual Property: Operating Segments
Table 63. Atandt Intellectual Property: Product Portfolio
Table 64. Atandt Intellectual Property: Key Strategic Moves and Developments
Table 65. Cisco Systems, Inc. : Key Executives
Table 66. Cisco Systems, Inc. : Company Snapshot
Table 67. Cisco Systems, Inc. : Operating Segments
Table 68. Cisco Systems, Inc. : Product Portfolio
Table 69. Cisco Systems, Inc. : Key Strategic Moves and Developments
Table 70. Ericsson: Key Executives
Table 71. Ericsson: Company Snapshot
Table 72. Ericsson: Operating Segments
Table 73. Ericsson: Product Portfolio
Table 74. Ericsson: Key Strategic Moves and Developments
Table 75. General Electric: Key Executives
Table 76. General Electric: Company Snapshot
Table 77. General Electric: Operating Segments
Table 78. General Electric: Product Portfolio
Table 79. General Electric: Key Strategic Moves and Developments
Table 80. Hitachi, Ltd. : Key Executives
Table 81. Hitachi, Ltd. : Company Snapshot
Table 82. Hitachi, Ltd. : Operating Segments
Table 83. Hitachi, Ltd. : Product Portfolio
Table 84. Hitachi, Ltd. : Key Strategic Moves and Developments
Table 85. Huawei Technologies Co. Ltd. : Key Executives
Table 86. Huawei Technologies Co. Ltd. : Company Snapshot
Table 87. Huawei Technologies Co. Ltd. : Operating Segments
Table 88. Huawei Technologies Co. Ltd. : Product Portfolio
Table 89. Huawei Technologies Co. Ltd. : Key Strategic Moves and Developments
Table 90. Ibm Corporation: Key Executives
Table 91. Ibm Corporation: Company Snapshot
Table 92. Ibm Corporation: Operating Segments
Table 93. Ibm Corporation: Product Portfolio
Table 94. Ibm Corporation: Key Strategic Moves and Developments
Table 95. Intel Corporation: Key Executives
Table 96. Intel Corporation: Company Snapshot
Table 97. Intel Corporation: Operating Segments
Table 98. Intel Corporation: Product Portfolio
Table 99. Intel Corporation: Key Strategic Moves and Developments
Table 100. Microsoft Corporation: Key Executives
Table 101. Microsoft Corporation: Company Snapshot
Table 102. Microsoft Corporation: Operating Segments
Table 103. Microsoft Corporation: Product Portfolio
Table 104. Microsoft Corporation: Key Strategic Moves and Developments
Table 105. Schneider Electric: Key Executives
Table 106. Schneider Electric: Company Snapshot
Table 107. Schneider Electric: Operating Segments
Table 108. Schneider Electric: Product Portfolio
Table 109. Schneider Electric: Key Strategic Moves and Developments
List of Figures
Figure 1. Global Smart Cities Market Segmentation
Figure 2. Global Smart Cities Market
Figure 3. Segmentation Smart Cities Market
Figure 4. Top Investment Pocket in Smart Cities Market
Figure 5. Top Winning Strategies, 2019-2021*
Figure 6. Top Winning Strategies, by Development, 2019-2021(%)
Figure 7. Top Winning Strategies, by Company, 2019-2021*
Figure 8. Moderate Bargaining Power of Buyers
Figure 9. Moderate Bargaining Power of Suppliers
Figure 10. Moderate Threat of New Entrants
Figure 11. Low Threat of Substitution
Figure 12. High Competitive Rivalry
Figure 13. Top Player Positioning, 2020
Figure 14. Market Share Analysis, 2020
Figure 15. Restraints and Drivers: Smart Cities Market
Figure 16. Smart Cities Market Segmentation, by Component
Figure 17. Smart Cities Market for Hardware, by Country, 2020-2030 ($ Million)
Figure 18. Smart Cities Market for Software, by Country, 2020-2030 ($ Million)
Figure 19. Smart Cities Market for Software, by Country, 2020-2030 ($ Million)
Figure 20. Smart Cities Market Segmentation, by Functional Area
Figure 21. Smart Cities Market for Smart Infrastructure, by Country, 2020-2030 ($ Million)
Figure 22. Smart Cities Market for Smart Governance and Smart Education, by Country, 2020-2030 ($ Million)
Figure 23. Smart Cities Market for Smart Energy, by Country, 2020-2030 ($ Million)
Figure 24. Smart Cities Market for Smart Mobility, by Country, 2020-2030 ($ Million)
Figure 25. Smart Cities Market for Smart Healthcare, by Country, 2020-2030 ($ Million)
Figure 26. Smart Cities Market for Smart Buildings, by Country, 2020-2030 ($ Million)
Figure 27. Smart Cities Market for Others, by Country, 2020-2030 ($ Million)
Figure 28. Atandt Intellectual Property: Net Sales, 2018-2020 ($ Million)
Figure 29. Atandt Intellectual Property: Revenue Share, by Segment, 2020 (%)
Figure 30. Atandt Intellectual Property: Revenue Share, by Region, 2020 (%)
Figure 31. Cisco Systems, Inc: Net Sales, 2018-2020 ($ Million)
Figure 32. Cisco Systems, Inc: Revenue Share, by Segment, 2020 (%)
Figure 33. Cisco Systems, Inc: Revenue Share, by Region, 2020 (%)
Figure 34. Ericsson: Net Sales, 2018-2020 ($ Million)
Figure 35. Ericsson: Revenue Share, by Segment, 2020 (%)
Figure 36. Ericsson: Revenue Share, by Region, 2020 (%)
Figure 37. General Electric: Net Sales, 2018-2020 ($ Million)
Figure 38. General Electric: Revenue Share, by Segment, 2020 (%)
Figure 39. General Electric: Revenue Share, by Region, 2020 (%)
Figure 40. Hitachi, Ltd: Net Sales, 2018-2020 ($ Million)
Figure 41. Hitachi, Ltd: Revenue Share, by Segment, 2020 (%)
Figure 42. Hitachi, Ltd: Revenue Share, by Region, 2020 (%)
Figure 43. Huawei Technologies Co. Ltd: Net Sales, 2018-2020 ($ Million)
Figure 44. Huawei Technologies Co. Ltd: Revenue Share, by Segment, 2020 (%)
Figure 45. Huawei Technologies Co. Ltd: Revenue Share, by Region, 2020 (%)
Figure 46. Ibm Corporation: Net Sales, 2018-2020 ($ Million)
Figure 47. Ibm Corporation: Revenue Share, by Segment, 2020 (%)
Figure 48. Ibm Corporation: Revenue Share, by Region, 2020 (%)
Figure 49. Intel Corporation: Net Sales, 2018-2020 ($ Million)
Figure 50. Intel Corporation: Revenue Share, by Segment, 2020 (%)
Figure 51. Intel Corporation: Revenue Share, by Region, 2020 (%)
Figure 52. Microsoft Corporation: Net Sales, 2018-2020 ($ Million)
Figure 53. Microsoft Corporation: Revenue Share, by Segment, 2020 (%)
Figure 54. Microsoft Corporation: Revenue Share, by Region, 2020 (%)
Figure 55. Schneider Electric: Net Sales, 2018-2020 ($ Million)
Figure 56. Schneider Electric: Revenue Share, by Segment, 2020 (%)
Figure 57. Schneider El

Executive Summary

According to a recent report titled, “Smart Cities Market by Component and Functional Area: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global smart cities market size was valued at $648.36 billion in 2020, and is projected to reach $6,061.00 billion by 2030, growing at a CAGR of 25.2% from 2021 to 2030.

A smart city makes use of information and communication technology (ICT) technologies to increase its operational efficiency, improve its communication of information exchange with its citizens, and offer superior government service and public welfare. A smart city's primary objective often is to optimize and manage the city's various activities and promote economic growth while also increasing people' quality of life via the use of smart technology and data analysis. In addition, the growth in digital transformation trends in the world, as well as emerging trends such as AI and IoT adoption, are expected to provide lucrative opportunities for market expansion during the forecast period. Furthermore, the key factors that drive the growth of the smart cities market include various government smart city initiatives, rise in need for better natural resource management in urban environments have boosted the growth of the smart cities market. In addition, the growth need for public safety and security has fueled the growth of the smart cities market. However, security concerns associated with smart cities and lack of funding & adequate infrastructure limit the growth of this market. Conversely, the emergence of artificial intelligence in smart cities and the rise in the IoT market & its application in smart cities are anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

Depending on the component, the hardware segment dominated the smart cities market share in 2020, and is expected to continue this trend during the forecast period. The growth of the segment is attributed to the rising demand for IoT integrated everyday solutions. Moreover, initiatives by government and local authorities mandating installation of hardware-based smart components such as smart meters, etc., are further empowering the growth of the segment.

Region wise, the smart cities industry was dominated by North America in 2020 and is expected to retain its position during the forecast period, owing to the presence of a highly developed ICT sector and high spending, aiding the growth of the smart cities market. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to various government initiatives and digital transformation trends within the region, which is expected to fuel the market growth in this region.

The global COVID-19 pandemic caused significant lifestyle changes in many parts of the world, with severe supply chain disruptions and nationwide lockdown policies, which boosted the adoption of digital technologies. People started using their digital devices (computers, mobile phones, and laptops, etc.) for almost every service that previously required them to leave their homes. Trends such as shopping for groceries online, remote working, remote education, telehealth services, etc. were highly popularized during the period. Such factors are predicted to aid in the demand for smart cities, as the fear of COVID-19 subsides and the world gets back on its tracks. Furthermore, the need for sustainable infrastructure solutions in the modern urban environment is expected to fuel the growth of the global smart cities industry in the coming years.

Key Findings Of The Study


  • By functional area, the smart infrastructure segment accounted for the largest smart cities market share in 2020
  • By region, North America generated highest revenue in 2020
  • The key players profiled in the smart cities market analysis are AT & T Intellectual Property, Cisco Systems, Inc., Ericsson, General Electric, Hitachi, Ltd, Huawei Technologies Co. Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, and Schneider Electric These players have adopted various strategies to increase their market penetration and strengthen their position in the industry

Companies Mentioned

  • AT&T Intellectual Property
  • Cisco Systems, Inc.
  • Ericsson
  • General Electric
  • Hitachi, Ltd
  • Huawei Technologies Co. Ltd.
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Schneider Electric

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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