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Smart Cities Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4856270
  • Report
  • October 2019
  • Region: Global
  • 107 pages
  • IMARC Group
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FEATURED COMPANIES

  • ABB
  • AT&T
  • Ericsson
  • Hitachi
  • Huawei
  • Intel
  • MORE
The global smart cities market was worth US$ 312.4 Billion in 2018. A smart city refers to a framework consisting of Information and Communication Technologies (ICT) to develop, deploy and promote sustainable development in urban areas. The hardware component includes chips, sensors and actuators, while the software component comprises smart web and mobile applications for infrastructure and administration through digital devices. The data collected from these components is analyzed to monitor transportation systems, power plants, waste management, water supply, crime detection and various other municipality services. Smart cities also emphasize on improving the quality of life of the citizens, along with enhancing the efficiency of the existing infrastructure. For instance, it promotes mixed-land use for unplanned areas, which offer a range of facilities at one location and help in the optimum utilization of the available space.

Rapidly increasing population, hyper-urbanization and globalization are among the key factors driving the growth of the market. The establishment of smart cities aids in utilizing technologies and connected data sensors to ensure quality economic and environmental development. Furthermore, rising adoption of artificial intelligence (AI) solutions is another factor providing a boost to the market growth. The governments of both developed and emerging nations are implementing policies and regulations for the deployment of cloud-based services to develop, facilitate and track their smart city initiatives. Additionally, the utilization of AI-based CCTV cameras for facial recognition, sensors for smart parking assistance and smart traffic management systems are creating lucrative opportunities for the manufacturers in the industry. Also, intensifying urban migration and the rise in unplanned development is further catalyzing the need for smart cities worldwide. Looking forward, the publisher expects the market to reach a value of US$ 826.3 Billion by 2024, registering a CAGR of 17.6% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Focus Area:
Smart Transportation
Smart Buildings
Smart Utilities
Smart Citizen Services

Market Breakup by Smart Transportation:
Smart Ticketing
Traffic Management System
Passenger Information Management System
Freight Information System
Connected Vehicles
Others

Market Breakup by Smart Buildings:
Building Energy Optimization
Emergency Management System
Parking Management System
Others

Market Breakup by Smart Utilities :
Advanced Metering Infrastructure
Distribution Management System
Substation Automation
Others

Market Breakup by Smart Citizen Services:
Smart Education
Smart Healthcare
Smart Public Safety
Smart Street Lighting
Others

Market Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being ABB, Cisco Systems, Alphabet, IBM, Microsoft, Oracle, Schneider Electric, Hitachi, Siemens AG, Huawei, Intel, GE, Ericsson, Toshiba Corporation, Honeywell, AT&T, etc.

Key Questions Answered in This Report:
  • How has the global smart cities market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global smart cities industry?
  • What is the breakup of the market based on the focus area?
  • What is the breakup of the market based on the smart transportation?
  • What is the breakup of the market based on the smart building?
  • What is the breakup of the market based on the smart utilities?
  • What is the breakup of the market based on the smart citizen service?
  • What are the various stages in the value chain of the global smart cities industry?
  • What are the key driving factors and challenges in the global smart cities industry?
  • What is the structure of the global smart cities industry and who are the key players?
  • What is the degree of competition in the global smart cities industry?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • AT&T
  • Ericsson
  • Hitachi
  • Huawei
  • Intel
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart City Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Focus Area
5.4 Market Breakup by Smart Transportation
5.5 Market Breakup by Smart Buildings
5.6 Market Breakup by Smart Utilities
5.7 Market Breakup by Smart Citizen Services
5.8 Market Breakup by Region
5.9 Market Forecast

6 Market Breakup by Focus Area
6.1 Smart Transportation
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Smart Buildings
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Smart Utilities
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Smart Citizen Services
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Smart Transportation
7.1 Smart Ticketing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Traffic Management System
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Passenger Information Management System
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Freight Information System
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Connected Vehicles
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Smart Buildings
8.1 Building Energy Optimization
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Emergency Management System
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Parking Management System
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Smart Utilities
9.1 Advanced Metering Infrastructure
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Distribution Management System
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Substation Automation
9.3.1 Market Trends
9.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

10 Market Breakup by Smart Citizen Services
10.1 Smart Education
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Smart Healthcare
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Smart Public Safety
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Smart Street Lighting
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast

11 Market Breakup by Region
11.1 Europe
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 North America
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast

12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 Value Chain Analysis

14 Porter's Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 ABB
16.3.2 Cisco Systems
16.3.3 Alphabet
16.3.4 IBM
16.3.5 Microsoft
16.3.6 Oracle
16.3.7 Schneider Electric
16.3.8 Hitachi
16.3.9 Siemens AG
16.3.10 Huawei
16.3.11 Intel
16.3.12 GE
16.3.13 Ericsson
16.3.14 Toshiba Corporation
16.3.15 Honeywell
16.3.16 AT&T
Note: Product cover images may vary from those shown
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  • ABB
  • Cisco Systems
  • Alphabet
  • IBM
  • Microsoft
  • Oracle
  • Schneider Electric
  • Hitachi
  • Siemens AG
  • Huawei
  • Intel
  • GE
  • Ericsson
  • Toshiba Corporation
  • Honeywell
  • AT&T
Note: Product cover images may vary from those shown
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