Smart Cities Market Introduction

Smart city is a system that uses information and communication technologies to increase operational efficiency and share information with the public domain to improve both the quality of government services and citizen welfare. Emerging trends such as automation, artificial intelligence and machine learning are driving factors of smart cities adoption. There are some components which play a significant role in smart city development, those are energy conservation & efficiency, sanitation, traffic control and smart farming. Smart city initiates aim to improve the living standards of the general population. Smart technology will help cities to sustain growth and improve efficiency for public welfare & government efficiency in urban areas.


Smart Cities Market Overview

Rising living standards of the general population and increasing per capita expenditure of individuals led to the potential growth of global smart cities market. Changing economies of developing countries are expected to boost the growth of smart cities market. Along with this, government agencies are taking a direct part in advancing the cities fuelled the growth of smart cities market. Further, increasing population and urbanization created to potential opportunities for smart cities market. Additionally, changing demographics and increasing living standards boosted the burgeoning growth of the smart cities market. Other factors rising awareness among the general population led to the rapid development of smart cities market. It is further augmented by the accelerated advancement of technologies and changing government policies to encourage the advancement of the IT sector. All these fuelled the growth of smart cities market.

Developed economies like North America and Europe region witnessed a slow rate during the forecast period due to the maturation of the market. These regions remain dominant throughout the forecast period in the global smart cities market. Changing economic standards of developing regions like the Asia Pacific and Latin America represents the most lucrative market space due to the increasing economy of the countries. Further, these regions witness highest growth rate during the forecast period. Rest of the world represented a significant growth rate due to the advancement of technologies in this region.


Report Structure 

Global Smart Cities Market, by Component:

  • Solutions 
  • Services

- Professional Services

- Integration & Deployment

Global Smart Cities Market, by Application:

  • Education
  • Governance
  • Buildings
  • Mobility
  • Healthcare
  • Utilities

Global Smart Cities Market, by Region:

  • Europe  
  • North America  
  • APAC  
  • Latin America
  • Rest of World

Competitive Landscape:  

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants  

FutureWise Takeaways  

  • Growth prospects  
  • SWOT analysis 
  • Key trends 
  • Key data-points affecting market growth  

Objectives of the Study:

  • To provide with an exhaustive analysis on the global smart cities market, by component, application and region   
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
  • To evaluate and forecast micro-markets and an overall market  
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics