Global Smart Cities Market by Component(Hardware,Software) by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security & Threat, Smart Education, Smart Building); size and forecast 2018-2024.

Global Smart Cities Market by Component(Hardware,Software) by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security & Threat, Smart Education, Smart Building) size and forecast 2014-2024.

Published: 10/06/2018

Report Code: BWC1801

Available Format: PDF PDF Icon

Pages: 210

Global Smart Cities Market: Overview

The global smart cities market is expected to reach a mark of USD 3,000 million by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence (AI), personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, increase in residential preference towards adoption of advanced information and communication technologies (ICT) escalates the future market growth.

With the rise of innovation and digitalization of industry applications, particularly in the residential sector, countries across the globe are actively looking for solutions to balance economic, technological and social development. With increase in population, data is also becoming more readily available now-a-days. Communities are turning to innovative information communication technologies (ICT) to re-imagine the way in which people of the residents live, work or play. IoT is playing a significant role in driving safer and smarter cities from changing the vision into reality.

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global smart cities market.

Global Smart Cities Market: Key Stakeholders

  • Educated Citizens
  • Business Owners
  • Public Interest Group
  • Municipal Authorities
  • Professional Service Providers
  • Utility / Service Providers
  • Academic and Research Institutes
  • Security Equipment Providers
  • Software & Hardware Providers
  • Telecommunication Providers
  • Cloud Service Providers
  • Real Estate Builders
  • Safety Standard Providers
  • Investors

Global Smart Cities Market: Research Summary

According to BlueWeave Consulting, the key findings of the report “Global Smart Cities Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

  • As per the research, hardware components have been the largest revenue generators in the global smart cities market, as compared to others. Also, among various types of applications, smart governance was the largest revenue contributor in 2017. Moreover, among the smart utilities category, smart energy applications is expected to continue contributing the largest revenue, during the forecast period
  • Europe has been the largest revenue contributor to this market. According to the research, the region is expected to lead this market over a longer period. Cities in Europe such as Italy and the U.K. have been deploying smart cities solutions from ages, which makes the region forerunner in this industry
  • However, the markets in Asia-Pacific, particularly cities in the Asian region are expected to witness fastest growth during the forecast period. The upsurge in urbanization, along with purposed investment in smart cities coupled with changing consumer preferences, is expected to boost the growth rate of smart cities market in the region

Global Smart Cities Market, Revenue Forecast USD (Million), 2018-2024

Smart Cities Market Graph

Global Smart Cities Market: Research Methodology

Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global smart cities market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Global Smart Cities Market: Competitive Dynamics

Many new players have entered into this market along with several small and medium players. The leading players are focusing especially on technological improvements through organic and inorganic growth strategies. Some of the major companies operating in this industry include IBM Corporation, The ADT Corporation, Cisco Systems Inc., Oracle Corporation, AT&T Inc., SAP SE, Intel Corporation, General Electric, Schneider Electric SE, and Xerox Corporation.

  1. Research Objective

1.1. Objective of the Study

1.2. Market Definition

1.3. Market Scope

1.3.1. Market Segmentation by Component

1.3.2. Market Segmentation by Application

1.4. Analysis Period of the Study

1.5. Data Reporting Unit

1.6. Key Stakeholders

  2. Research Methodology

2.1. Research Methodology

2.2. Regional Split of Primary and Secondary Research

2.3. Secondary Research

2.4. Primary Research

2.2.1. Breakdown of Primary Research Respondents

2.2.1.1. By Region

2.2.1.2. By Industry Participants

2.3. Market Size Estimation

2.4. Assumptions for the Study

2.5. Market Breakdown and Data Triangulation

  3. Executive Summary

  4. Market Introduction

4.1. Introduction

4.1.1. Overview by Component

4.1.2. Overview by Application

4.2. Market Dynamics

4.2.1. Trends

4.2.2. Drivers

4.2.2.1 Impact analysis of Drivers

4.2.3. Restraints

4.3.3.1 Impact Analysis of Restraints

4.2.4. Opportunities

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitute

4.3.5. Intensity of Rivalry

  5. Market Size and Forecast by Component (Hardware, Software)

  6. Market Size and Forecast by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security & Threat, Smart Education, Smart Building, Smart Transportation, Others)

  7. Market Size and Forecast by Geography

7.1. North America

7.2. Europe

7.3. Asia-Pacific

7.4. Middle-East & Africa

7.5. Latin America

  8. Market Competitiveness

8.1. Strategic Development

8.2. Recent Activities of Major Players

  9. Company Profiles

9.1. IBM Corporation

9.2. The ADT Corporation

9.3. Cisco Systems Inc

9.4. AT&T Inc

9.5. SAP SE

9.6. Intel Corporation

9.7. Oracle Corporation

9.8. Schneider Electric SE

9.9. General Electric

9.10. Xerox Corporation

9.11 Automation Anywhere Inc.

  10. Strategic Recommendations

  11 Appendix

11.1. Abbreviations

List of Figure

Figure:1  Global Market Size, By Application (2017)
Figure:2  Global smart cities market, BY component, $M (2014 – 2024)
Figure:3  Global smart cities Market from hardware, BY region, $M (2014 – 2024)
Figure:4  Global smart cities Market from Software, BY region, $M (2014 – 2024)
Figure:5  Global smart cities market, BY application, $M (2014 – 2024)
Figure:6  Global smart governance application Market in smart cities, BY region, $M (2014 – 2024)
Figure:7  Global smart utility application Market in smart cities, BY region, $M (2014 – 2024)
Figure:8  Global smart Infrastructure application Market in smart cities, BY region, $M (2014 – 2024)
Figure:9  Global smart Healthcare application Market in smart cities, BY region, $M (2014 – 2024)
Figure:10  Global smart Security & Threat application Market in smart cities, BY region, $M (2014 – 2024)
Figure:11  Global smart Education application Market in smart cities, BY region, $M (2014 – 2024)
Figure:12  Global smart Building application Market in smart cities, BY region, $M (2014 – 2024)
Figure:13  Global smart Transportation application Market in smart cities, BY region, $M (2014 – 2024)
Figure:14  Global smart Other application Market in smart cities, BY region, $M (2014 – 2024)
Figure:15  Global smart cities Market, BY Smart utility, $M (2014 – 2024)
Figure:16  Global smart cities Market, BY Smart Building, $M (2014 – 2024)
Figure:17  Global smart cities Market, BY Smart Transportation, $M (2014 – 2024)
Figure:18  North America smart cities market, BY component, $M (2014 – 2024)
Figure:19  North America smart cities market, BY application, $M (2014 – 2024)
Figure:20  North America smart cities market, BY smart utility, $M (2014 – 2024)
Figure:21  North America smart cities market, BY smart building, $M (2014 – 2024)
Figure:22  North America smart cities market, BY smart Transportation, $M (2014 – 2024)
Figure:23  North America smart cities market, BY country, $M (2014 – 2024)
Figure:24  Europe smart cities market, BY component, $M (2014 – 2024)
Figure:25  Europe smart cities market, BY application, $M (2014 – 2024)
Figure:26  Europe smart cities market, BY smart utility, $M (2014 – 2024)
Figure:27  Europe smart cities market, BY smart building, $M (2014 – 2024)
Figure:28  Europe smart cities market, BY smart Transportation, $M (2014 – 2024)
Figure:29  Europe smart cities market, BY country, $M (2014 – 2024)
Figure:30  Asia-Pacific smart cities market, BY component, $M (2014 – 2024)
Figure:31  Asia-Pacific smart cities market, BY application, $M (2014 – 2024)
Figure:32  Asia-Pacific smart cities market, BY smart utility, $M (2014 – 2024)
Figure:33  Asia-Pacific smart cities market, BY smart building, $M (2014 – 2024)
Figure:34  Asia-Pacific smart cities market, BY smart Transportation, $M (2014 – 2024)
Figure:35  Asia-Pacific smart cities market, BY country, $M (2014 – 2024)
Figure:36  MEA smart cities market, BY component, $M (2014 – 2024)
Figure:37  MEA smart cities market, BY application, $M (2014 – 2024)
Figure:38  MEA smart cities market, BY smart utility, $M (2014 – 2024)
Figure:39  MEA smart cities market, BY smart building, $M (2014 – 2024)
Figure:40  MEA smart cities market, BY smart Transportation, $M (2014 – 2024)
Figure:41  MEA smart cities market, BY country, $M (2014 – 2024)
Figure:42  Latin America smart cities market, BY component, $M (2014 – 2024)
Figure:43  Latin America smart cities market, BY application, $M (2014 – 2024)
Figure:44  Latin America smart cities market, BY smart utility, $M (2014 – 2024)
Figure:45  Latin America smart cities market, BY smart building, $M (2014 – 2024)
Figure:46  Latin America smart cities market, BY smart building, $M (2014 – 2024)
Figure:47  Latin America smart cities market, BY country, $M (2014 – 2024)

List of Table

Table 1  Global smart cities market, BY component, $M (2014 – 2017)
Table 2  Global smart cities market, BY component, $M (2018 – 2024)
Table 3  Global smart cities Market from hardware, BY region, $M (2014 – 2017)
Table 4  Global smart cities market from hardware, BY region, $M (2018 – 2024)
Table 5  Global smart cities Market from Software, BY region, $M (2014 – 2017)
Table 6  Global smart cities market from Software, BY region, $M (2018 – 2024)
Table 7  Global smart cities market, BY application, $M (2014 – 2017)
Table 8  Global Aerial imagery market, BY application, $M (2018 – 2024)
Table 9  Global smart governance application Market in smart cities, BY region, $M (2014 – 2017)
Table 10  Global smart governance application Market in smart cities, BY region, $M (2018 – 2024)
Table 11  Global smart utility application Market in smart cities, BY region, $M (2014 – 2017)
Table 12  Global smart utility application Market in smart cities, BY region, $M (2018 – 2024)
Table 13  Global smart Infrastructure application Market in smart cities, BY region, $M (2014 – 2017)
Table 14  Global smart Infrastructure application Market in smart cities, BY region, $M (2018 – 2024)
Table 15  Global smart Healthcare application Market in smart cities, BY region, $M (2014 – 2017)
Table 16  Global smart Healthcare application Market in smart cities, BY region, $M (2018 – 2024)
Table 17  Global smart Security & Threat application Market in smart cities, BY region, $M (2014 – 2017)
Table 18  Global smart Security & Threat application Market in smart cities, BY region, $M (2018 – 2024)
Table 19  Global smart Education application Market in smart cities, BY region, $M (2014 – 2017)
Table 20  Global smart Education application Market in smart cities, BY region, $M (2018 – 2024)
Table 21  Global smart Building application Market in smart cities, BY region, $M (2014 – 2017)
Table 22  Global smart Building application Market in smart cities, BY region, $M (2018 – 2024)
Table 23  Global smart Transportation application Market in smart cities, BY region, $M (2014 – 2017)
Table 24  Global smart Transportation application Market in smart cities, BY region, $M (2018 – 2024)
Table 25  Global smart Other application Market in smart cities, BY region, $M (2014 – 2017)
Table 26  Global smart Other application Market in smart cities, BY region, $M (2018 – 2024)
Table 27  Global smart cities Market, BY Smart utility, $M (2014 – 2017)
Table 28  Global smart cities Market, BY Smart utility, $M (2018 – 2024)
Table 29  Global smart cities Market, BY Smart Building, $M (2014 – 2017)
Table 30  Global smart cities Market, BY Smart Building, $M (2018 – 2024)
Table 31  Global smart cities Market, BY Smart Transportation, $M (2014 – 2017)
Table 32  Global smart cities Market, BY Smart Transportation, $M (2018 – 2024)
Table 33  North America smart cities market, BY component, $M (2014 – 2017)
Table 34  North America smart cities market, BY component, $M (2018 – 2024)
Table 35  North America smart cities market, BY application, $M (2014 – 2017)
Table 36  North America smart cities market, BY application, $M (2018 – 2024)
Table 37  North America smart cities market, BY smart utility, $M (2014 – 2017)
Table 38  North America smart cities market, BY smart utility, $M (2018 – 2024)
Table 39  North America smart cities market, BY smart building, $M (2014 – 2017)
Table 40  North America smart cities market, BY smart building, $M (2018 – 2024)
Table 41   North America smart cities market, BY smart Transportation, $M (2014 – 2017)
Table 42  North America smart cities market, BY smart Transportation, $M (2018 – 2024)
Table 43  North America smart cities market, BY country, $M (2014 – 2017)
Table 44  North America smart cities market, BY country, $M (2018 – 2024)
Table 45  Europe smart cities market, BY component, $M (2014 – 2017)
Table 46  Europe smart cities market, BY component, $M (2018 – 2024)
Table 47  Europe smart cities market, BY application, $M (2014 – 2017)
Table 48  Europe smart cities market, BY application, $M (2018 – 2024)
Table 49  Europe smart cities market, BY smart utility, $M (2014 – 2017)
Table 50  Europe smart cities market, BY smart utility, $M (2018 – 2024)
Table 51  Europe smart cities market, BY smart building, $M (2014 – 2017)
Table 52  Europe smart cities market, BY smart building, $M (2018– 2024)
Table 53  Europe smart cities market, BY smart Transportation, $M (2014 – 2017)
Table 54  Europe smart cities market, BY smart Transportation, $M (2018 – 2024)
Table 55  Europe smart cities market, BY country, $M (2014 – 2017)
Table 56  Europe smart cities market, BY country, $M (2018 – 2024)
Table 57  Asia-Pacific smart cities market, BY component, $M (2014 – 2017)
Table 58  Asia-Pacific smart cities market, BY component, $M (2018 – 2024)
Table 59  Asia-Pacific smart cities market, BY application, $M (2014 – 2017)
Table 60  Asia-Pacific smart cities market, BY application, $M (2018 – 2024)
Table 61  Asia-Pacific smart cities market, BY smart utility, $M (2014 – 2017)
Table 62  Asia-Pacific smart cities market, BY smart utility, $M (2018 – 2024)
Table 63  Asia-Pacific smart cities market, BY smart building, $M (2014 – 2017)
Table 64  Asia-Pacific smart cities market, BY smart building, $M (2018 – 2024)
Table 65  Asia-Pacific smart cities market, BY smart Transportation, $M (2014 – 2017)
Table 66  Asia-Pacific smart cities market, BY smart Transportation, $M (2018 – 2024)
Table 67  Asia-Pacific smart cities market, BY country, $M (2014 – 2017)
Table 68  Asia-Pacific smart cities market, BY country, $M (2018 – 2024)
Table 69  MEA smart cities market, BY component, $M (2014 – 2017)
Table 70  MEA smart cities market, BY component, $M (2018 – 2024)
Table 71  MEA smart cities market, BY application, $M (2014 – 2017)
Table 72  MEA smart cities market, BY application, $M (2018 – 2024)
Table 73  MEA smart cities market, BY smart utility, $M (2014 – 2017)
Table 74  MEA smart cities market, BY smart utility, $M (2018– 2024)
Table 75  MEA smart cities market, BY smart building, $M (2014 – 2017)
Table 76  MEA smart cities market, BY smart building, $M (2018 – 2024)
Table 77  MEA smart cities market, BY smart Transportation, $M (2014 – 2017)
Table 78  MEA smart cities market, BY smart Transportation, $M (2018 – 2024)
Table 79  MEA smart cities market, BY country, $M (2014 – 2017)
Table 80  MEA smart cities market, BY country, $M (2018 – 2024)
Table 81  Latin America smart cities market, BY component, $M (2014 – 2017)
Table 82  Latin America smart cities market, BY component, $M (2018 – 2024)
Table 83  Latin America smart cities market, BY application, $M (2014 – 2017)
Table 84  Latin america smart cities market, BY application, $M (2018 – 2024)
Table 85  Latin america smart cities market, BY smart utility, $M (2014 – 2017)
Table 86  Latin america smart cities market, BY smart utility, $M (2018– 2024)
Table 87  Latin america smart cities market, BY smart building, $M (2014 – 2017)
Table 88  Latin america smart cities market, BY smart building, $M (20148– 2024)
Table 89  Latin America smart cities market, BY smart Transportation, $M (2014 – 2017)
Table 90  Latin America smart cities market, BY smart Transportation, $M (2018-2024)
Table 91  Latin America smart cities market, BY country, $M (2014 – 2017)
Table 92  Latin America smart cities market, BY country, $M (2018 – 2024)

1.     Research Methodology

Smart Cities
Source: BlueWeave Consulting Analysis

2.     Regional Split of Primary & Secondary Research

Smart Cities RM
Source: BlueWeave Consulting Analysis

3.    Secondary Research

The research process began with obtaining historical market sizes of the entire smart cities market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.

The next step involved the study of present market environment that is influencing the Smart cities market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.

4.   Primary Research

Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global smart cities market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.

In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.

4.1    Breakdown of Primary Research Respondents, By Region

Smart Cities
Source: BlueWeave Consulting Analysis

4.2    Breakdown of Primary Research Respondents, By Industry Participants

Smart Cities
Source: BlueWeave Consulting Analysis

5.    Market Size Estimation

Top-down approach has been followed to obtain the market size by region, and by country. Bottom-Up approach has been followed to obtain market size by component and by application. An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.

6.  Assumptions for the Study

  • The macro-economic factors would remain same during the forecast period.
  • The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.

7.  Market Breakdown & Data Triangulation

Fig: 1  Data Triangulation

Smart Cities RM
Source: BlueWeave Consulting Analysis

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