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Smart City Market - Global Industry Analysis

Smart City Market by Application Area (Transportation, Construction, Power Management, Water & Waste Management, Healthcare, and Others) and by Component (Hardware, Software, and Service): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Published Date: 23-Aug-2018 Category: Technology & Media Report Format : PDF Pages: 135 Report Code: ZMR-3294 Status : Published

Global smart city market expected to reach USD 2,700.1 billion globally by 2024, growing at a CAGR of around 16% between 2018 and 2024. Rising investments in power generation have paved ways for organizations to develop systems that optimize power distribution.

Description

The report analyzes and forecasts the smart city market on a global and regional level. The study offers past data from 2015 to 2017 along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of smart city market dynamics gives a brief thought about the drivers and restraints of the smart city market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the smart city market on a global level.

The report gives a transparent view of the smart city market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the smart city market. To understand the competitive landscape in the smart city market, an analysis of Porter’s Five Forces model for the smart city market has also been included. The study encompasses a market attractiveness analysis, wherein application area, component, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Smart City Market

The study provides a crucial view of the smart city by segmenting the market based on the application area, component, and region. All the segments of the smart city market have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. Based on the application area, the global smart city market is bifurcated into transportation, construction, power management, water & waste management, healthcare, and others. Hardware, software, and services are the component segment of the global smart city market. The regional segmentation comprises the current and forecast demand for the Middle East & Africa, North America, Asia Pacific, Latin America and Europe for smart city market with further divided into the U.S., Canada, Mexico, the UK, France, Germany, China, Japan, South Korea, India, Brazil, and Argentina among others is included in the report.

The competitive profiling of noticeable players of smart city market includes company and financial overview, business strategies adopted by them, their recent developments and product offered by them which can help in assessing competition in the market. Noticeable players included in the report are Honeywell International Inc., ABB Group, General Electric Company, Cisco Systems Inc., Siemens AG, SAP SE, Schneider Electric SE, Microsoft Corporation, IBM Corporation, and Alstom SA among others.

The report segments the global smart city market as follows:

Global Smart City Market: Application Area Segment Analysis

  • Transportation
  • Construction
  • Power Management
  • Water & Waste Management
  • Healthcare
  • Others

Global Smart City Market: Component Segment Analysis

  • Hardware
  • Software
  • Services

Global Smart City Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Smart City Market, 2015-2024, (USD Billion)
    • 2.2. Smart City Market: Market snapshot
  •  
  • Chapter 3. Global Smart City Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
        • 3.4.1.1. Government investments in smart city projects
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. Collecting and securing data from various government organization
    • 3.6. Opportunity
      • 3.6.1. Adoption of technology in Asia Pacific region
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
      • 3.11. Smart City Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Application Area Segment
      • 3.11.2. Market Attractiveness Analysis by Component Segment.
      • 3.11.3. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Global Smart City Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Smart City Market - Application Area Segment Analysis
    • 5.1. Global Smart City Market Revenue Share, by Application Area, 2017 & 2024
    • 5.2. Global Smart City Market by Transportation, 2015 - 2024 (USD Billion)
    • 5.3. Global Smart City Market by Construction, 2015 - 2024 (USD Billion)
    • 5.4. Global Smart City Market by Power Management, 2015 - 2024 (USD Billion)
    • 5.5. Global Smart City Market by Water & Waste Management, 2015 - 2024 (USD Billion)
    • 5.6. Global Smart City Market by Healthcare, 2015 - 2024 (USD Billion)
    • 5.7. Global Smart City Market by Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Smart City Market - Component Segment Analysis
    • 6.1. Global Smart City Market Revenue Share, by Component, 2017 & 2024
    • 6.2. Global Smart City Market by Hardware, 2015 - 2024 (USD Billion)
    • 6.3. Global Smart City Market by Software, 2015 - 2024 (USD Billion)
    • 6.4. Global Smart City Market by Services, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Smart City Market - Regional Analysis
    • 7.1. Global Smart City Market: Regional Overview
      • 7.1.1. Global Smart City Market Revenue Share, By Region, 2017 And 2024
    • 7.2. North America
      • 7.2.1. North America Smart City Market Revenue 2015 - 2024 (USD Billion)
      • 7.2.2. North America Smart City Market Revenue, By Application Area, 2015 - 2024 (USD Billion)
      • 7.2.3. North America Smart City Market Revenue, By Component, 2015 - 2024 (USD Billion)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.2.4.2. U.S. Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.2.5.2. Canada Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.2.6.2. Mexico Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Smart City Market Revenue 2015 - 2024 (USD Billion)
      • 7.3.2. Europe Smart City Market Revenue, By Application Area, 2015 - 2024 (USD Billion)
      • 7.3.3. Europe Smart City Market Revenue, By Component, 2015 - 2024 (USD Billion)
      • 7.3.4. U.K.
        • 7.3.4.1. U.K. Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.3.4.2. U.K. Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.3.5.2. France Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.3.6.2. Germany Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.3.7. Rest of Europe
        • 7.3.7.1. Rest of Europe Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.3.7.2. Rest of Europe Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Smart City Market Revenue 2015 - 2024 (USD Billion)
      • 7.4.2. Asia Pacific Smart City Market Revenue, By Application Area, 2015 - 2024 (USD Billion)
      • 7.4.3. Asia Pacific Smart City Market Revenue, By Component, 2015 - 2024 (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.4.4.2. China Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.4.5.2. Japan Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.4.6. South Korea
        • 7.4.6.1. South Korea Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.4.6.2. South Korea Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.4.7. India
        • 7.4.7.1. India Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.4.7.2. India Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.4.8. Rest of Asia Pacific
        • 7.4.8.1. Rest of Asia Pacific Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.4.8.2. Rest of Asia Pacific Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Smart City Market Revenue 2015 - 2024 (USD Billion)
      • 7.5.2. Latin America Smart City Market Revenue, By Application Area, 2015 - 2024 (USD Billion)
      • 7.5.3. Latin America Smart City Market Revenue, By Component, 2015 - 2024 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.5.4.2. Brazil Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.5.5.2. Argentina Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
        • 7.5.6.2. Rest of Latin America Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Smart City Market Revenue 2015 - 2024 (USD Billion)
      • 7.6.2. Middle East & Africa Smart City Market Revenue, by Application Area, 2015 - 2024 (USD Billion)
      • 7.6.3. Middle East & Africa Smart City Market Revenue, by Component, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. Honeywell International Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. ABB Group
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. General Electric Company
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Cisco Systems Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Siemens AG
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. SAP SE
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Schneider Electric SE
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Microsoft Corporation
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. IBM Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Alstom SA
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

List of Figures
 
1. Global Smart City Market Segmentation by Application Area, Component, and Geography
2. Global Smart City Market, 2017-2024 (USD Billion)
3. Porter’s Five Forces Analysis: Smart City Market
4. Global Smart City Market Attractiveness, by Application Area
5. Global Smart City Market Attractiveness, by Component
6. Global Smart City Market Attractiveness, by Regional
7. Global Smart City Market Revenue Share, by Application Area, 2017 & 2024
8. Global Smart City Market by Transportation, 2015 – 2024 (USD Billion)
9. Global Smart City Market by Construction, 2015 – 2024 (USD Billion)
10. Global Smart City Market by Power Management, 2015 – 2024 (USD Billion) 
11. Global Smart City Market by Water & Waste Management, 2015 – 2024 (USD Billion)
12. Global Smart City Market by Healthcare, 2015 – 2024 (USD Billion) 
13. Global Smart City Market by Others, 2015 – 2024 (USD Billion) 
14. Global Smart City Market Revenue Share, by Component, 2017 & 2024
15. Global Smart City Market by Hardware, 2015 – 2024 (USD Billion)
16. Global Smart City Market by Software, 2015 – 2024 (USD Billion)
17. Global Smart City Market by Services, 2015 – 2024 (USD Billion)
18. Global Smart City Market Revenue Share, by Region, 2017-2024
19. North America Smart City Market, 2015-2024, (USD Billion)
20. Europe Smart City market, 2015-2024, (USD Billion)
21. Asia Pacific Smart City Market, 2015-2024(USD Billion)
22. Latin America Smart City Market, 2015 – 2024 (USD Billion)
23. Middle East & Africa Smart City Market, 2015 – 2024, (USD Billion)


List of Tables

1. Global Smart City market snapshot
2. Drivers for Smart City market: Impact analysis
3. Restraints of Smart City market: Impact analysis
4. North America Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
5. North America Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
6. U.S. Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
7. U.S. Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
8. Canada Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
9. Canada Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
10. Mexico Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
11. Mexico Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
12. Europe Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
13. Europe Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
14. U.K. Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
15. U.K. Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
16. France Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
17. France Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
18. Germany Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
19. Germany Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
20. Rest of Europe Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
21. Rest of Europe Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
22. Asia Pacific Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
23. Asia Pacific Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
24. China Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
25. China Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
26. Japan Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
27. Japan Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
28. South Korea Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
29. South Korea Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
30. India Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
31. India Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
32. Rest of Asia Pacific Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
33. Rest of Asia Pacific Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
34. Latin America Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
35. Latin America Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
36. Brazil Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
37. Brazil Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
38. Argentina Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
39. Argentina Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
40. Rest of Latin America Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
41. Rest of Latin America Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)
42. Middle East & Africa Smart City Market Revenue, By Application Area, 2015 – 2024 (USD Billion) 
43. Middle East & Africa Smart City Market Revenue, By Component, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

The smart city is an urban area that uses technology for the efficient management of its resources. The smart city provides a systematic lifestyle ensuring that it fulfills the needs of citizens with respect to economic, social, and environmental aspects. 

Usage of advanced technology in the construction sector is preliminarily driving the smart city market. This has led to significant growth in the construction sector. The global construction sector was valued at USD 8.8 trillion in 2016 as compared to USD 7.9 trillion in 2012. Countries such as the U.S., China, India, and Japan contributed almost 40% to the rise of the construction sector. Major factors contributing to this growth are increasing adoption of technology in various processes. 

Global Smart City Market

The government of various nations such as the U.S., Canada, China, and India is providing tax incentives to endorse construction of green buildings. The U.S. government provides a 30% tax credit for investors and project owners for the installation of designated renewable-energy equipment. Canada has regional incentive provisions such as the city of Hamilton’s property tax benefits of up to 75% to construct a new green building. Thus, the construction sector will contribute significantly to the growth of the smart city market during the forecast period.

The smart city concept provides solutions to optimize traffic conditions in a holistic manner and offers faster transportation options. The global automotive industry is growing at a rapid pace. About 86 million cars were sold in 2017 as compared to   84 million in 2016. This number is projected to grow due to the increasing demand in the Asia Pacific. Developing countries with the high population such as China and India were major contributors. Rising number of vehicles developed a need for optimization in traffic conditions, boosting the evolution of smart cities. Hence, the governments of the countries have opted to invest heavily in their smart city projects with a focus on smart transportation. Thus, the global smart city market is expected to propel during the forecast time frame. On a contrary, securing data collected from various components and controlled by numerous government organizations is a major hurdle for the smart city market. However, advancements in technology to have smart city operation centers may open new avenues for the market in the near future.

Based on the application area, the global smart city market is fragmented into transportation, construction, power management, water & waste management, healthcare, and others. The transportation segment is expected to hold a significant market share during the projected timeframe. Hardware, software, and service are the component segment for the smart city market. Software segment is projected to grow at a substantial rate during the forecast period.

North America holds a substantial share in global smart city market and is expected to continue its dominance in the near future. Increasing usage of technology in the construction sector along with the rapid advancements in transportation division are the major drivers for the market in this region. Further, the presence of significant market players in the region is projected to foster the smart city market. Supporting government initiatives are the major driving factor for the growth of smart city market in the Asia Pacific. The Asia Pacific is projected to grow at a significant rate during the estimated timeframe.

Some of the key players in the smart city market are Honeywell International Inc., ABB Group, General Electric Company, Cisco Systems Inc., Siemens AG, SAP SE, Schneider Electric SE, Microsoft Corporation, IBM Corporation, and Alstom SA, among others. Most of the companies are concentrating on upgrading their products and solutions in accordance with the advanced technology.

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