Global Smart City Market Size, Share, Growth Analysis Report - Forecast 2034
Smart City Market By Component (Hardware, Software, and Services), By Application Area (Infrastructure, Smart Governance, Smart Education, Transportation, Construction, Power Management, Water & Waste Management, Healthcare, and Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Technology & Media Report Format : PDF
Pages: 190 Report Code: ZMR-3294
Published Date: Apr-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 639.27 Billion | USD 2475.47 Billion | 16.2% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Smart City Market, (2022 - 2028) (USD Billion)
- 2.2 Global Smart City Market : snapshot
- Chapter 3. Global Smart City Market - Industry Analysis
- 3.1 Smart City Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Need for efficient energy consumption and raising awareness of healthy environment fuels market growth
- 3.3 Market Restraints
- 3.3.1. Security concerns coupled with a lack of funding & adequate infrastructure limit the growth of this market
- 3.4 Market Opportunities
- 3.4.1. Emergence of 5G coupled with AI and IoT provides excellent opportunities for the market
- 3.5 Market Challenges
- 3.5.1. Emergence of 5G coupled with AI and IoT provides excellent opportunities for the market
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By By Component
- 3.7.2 Market attractiveness analysis By By Application Area
- Chapter 4. Global Smart City Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Smart City Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Smart City Market - By Component Analysis
- 5.1 Global Smart City Market overview: By By Component
- 5.1.1 Global Smart City Market share, By By Component, 2021 and 2028
- 5.2 Hardware
- 5.2.1 Global Smart City Market by Hardware, 2022 - 2028 (USD Billion)
- 5.3 Software
- 5.3.1 Global Smart City Market by Software, 2022 - 2028 (USD Billion)
- 5.4 Services
- 5.4.1 Global Smart City Market by Services, 2022 - 2028 (USD Billion)
- 5.1 Global Smart City Market overview: By By Component
- Chapter 6. Global Smart City Market - By Application Area Analysis
- 6.1 Global Smart City Market overview: By By Application Area
- 6.1.1 Global Smart City Market share, By By Application Area, 2021 and 2028
- 6.2 Infrastructure
- 6.2.1 Global Smart City Market by Infrastructure, 2022 - 2028 (USD Billion)
- 6.3 Smart Governance
- 6.3.1 Global Smart City Market by Smart Governance, 2022 - 2028 (USD Billion)
- 6.4 Smart Education
- 6.4.1 Global Smart City Market by Smart Education, 2022 - 2028 (USD Billion)
- 6.5 Transportation
- 6.5.1 Global Smart City Market by Transportation, 2022 - 2028 (USD Billion)
- 6.6 Construction
- 6.6.1 Global Smart City Market by Construction, 2022 - 2028 (USD Billion)
- 6.7 Power Management
- 6.7.1 Global Smart City Market by Power Management, 2022 - 2028 (USD Billion)
- 6.8 Water & Waste Management
- 6.8.1 Global Smart City Market by Water & Waste Management, 2022 - 2028 (USD Billion)
- 6.9 Healthcare
- 6.9.1 Global Smart City Market by Healthcare, 2022 - 2028 (USD Billion)
- 6.10 Others
- 6.10.1 Global Smart City Market by Others, 2022 - 2028 (USD Billion)
- 6.1 Global Smart City Market overview: By By Application Area
- Chapter 7. Smart City Market - Regional Analysis
- 7.1 Global Smart City Market Regional Overview
- 7.2 Global Smart City Market Share, by Region, 2021 & 2028 (USD Billion)
- 7.3. North America
- 7.3.1 North America Smart City Market, 2022 - 2028 (USD Billion)
- 7.3.1.1 North America Smart City Market, by Country, 2022 - 2028 (USD Billion)
- 7.3.1 North America Smart City Market, 2022 - 2028 (USD Billion)
- 7.4 North America Smart City Market, by By Component, 2022 - 2028
- 7.4.1 North America Smart City Market, by By Component, 2022 - 2028 (USD Billion)
- 7.5 North America Smart City Market, by By Application Area, 2022 - 2028
- 7.5.1 North America Smart City Market, by By Application Area, 2022 - 2028 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe Smart City Market, 2022 - 2028 (USD Billion)
- 7.4.2.1 Europe Smart City Market, by Country, 2022 - 2028 (USD Billion)
- 7.4.2 Europe Smart City Market, 2022 - 2028 (USD Billion)
- 7.4 Europe Smart City Market, by By Component, 2022 - 2028
- 7.4.1 Europe Smart City Market, by By Component, 2022 - 2028 (USD Billion)
- 7.5 Europe Smart City Market, by By Application Area, 2022 - 2028
- 7.5.1 Europe Smart City Market, by By Application Area, 2022 - 2028 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Smart City Market, 2022 - 2028 (USD Billion)
- 7.5.3.1 Asia Pacific Smart City Market, by Country, 2022 - 2028 (USD Billion)
- 7.5.3 Asia Pacific Smart City Market, 2022 - 2028 (USD Billion)
- 7.4 Asia Pacific Smart City Market, by By Component, 2022 - 2028
- 7.4.1 Asia Pacific Smart City Market, by By Component, 2022 - 2028 (USD Billion)
- 7.5 Asia Pacific Smart City Market, by By Application Area, 2022 - 2028
- 7.5.1 Asia Pacific Smart City Market, by By Application Area, 2022 - 2028 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Smart City Market, 2022 - 2028 (USD Billion)
- 7.6.4.1 Latin America Smart City Market, by Country, 2022 - 2028 (USD Billion)
- 7.6.4 Latin America Smart City Market, 2022 - 2028 (USD Billion)
- 7.4 Latin America Smart City Market, by By Component, 2022 - 2028
- 7.4.1 Latin America Smart City Market, by By Component, 2022 - 2028 (USD Billion)
- 7.5 Latin America Smart City Market, by By Application Area, 2022 - 2028
- 7.5.1 Latin America Smart City Market, by By Application Area, 2022 - 2028 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Smart City Market, 2022 - 2028 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Smart City Market, by Country, 2022 - 2028 (USD Billion)
- 7.7.5 The Middle-East and Africa Smart City Market, 2022 - 2028 (USD Billion)
- 7.4 The Middle-East and Africa Smart City Market, by By Component, 2022 - 2028
- 7.4.1 The Middle-East and Africa Smart City Market, by By Component, 2022 - 2028 (USD Billion)
- 7.5 The Middle-East and Africa Smart City Market, by By Application Area, 2022 - 2028
- 7.5.1 The Middle-East and Africa Smart City Market, by By Application Area, 2022 - 2028 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Siemens
- 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 Cisco
- 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 Hitachi
- 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 IBM
- 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 Microsoft
- 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 Schneider Electric
- 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 Intel
- 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 NEC
- 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 ABB
- 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 AGT International
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 AVEVA Group plc
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Ericsson
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Honeywell International Inc
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Itron Inc
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 KAPSCH Group
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Microsoft Corporation
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Huawei Technologies co. ltd.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Oracle Corporation
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Osram GmbH
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 SAP SE
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Siemens AG
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.22 Telensa
- 8.22.1 Overview
- 8.22.2 Financials
- 8.22.3 Product Portfolio
- 8.22.4 Business Strategy
- 8.22.5 Recent Developments
- 8.23 Verizon
- 8.23.1 Overview
- 8.23.2 Financials
- 8.23.3 Product Portfolio
- 8.23.4 Business Strategy
- 8.23.5 Recent Developments
- 8.24 Vodafone Group plc.
- 8.24.1 Overview
- 8.24.2 Financials
- 8.24.3 Product Portfolio
- 8.24.4 Business Strategy
- 8.24.5 Recent Developments
- 8.1 Siemens
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Smart City Market, 2022 - 2028 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Smart City Market attractiveness, By By Component
- 6. Global Smart City Market attractiveness, By By Application Area
- 7. Global Smart City Market share by By Component, 2022 and 2028 (USD Billion)
- 8. Global Smart City Market by Hardware, 2022 - 2028 (USD Billion)
- 9. Global Smart City Market by Software, 2022 - 2028 (USD Billion)
- 10. Global Smart City Market by Services, 2022 - 2028 (USD Billion)
- 11. Global Smart City Market share by By Application Area, 2022 and 2028 (USD Billion)
- 12. Global Smart City Market by Infrastructure, 2022 - 2028 (USD Billion)
- 13. Global Smart City Market by Smart Governance, 2022 - 2028 (USD Billion)
- 14. Global Smart City Market by Smart Education, 2022 - 2028 (USD Billion)
- 15. Global Smart City Market by Transportation, 2022 - 2028 (USD Billion)
- 16. Global Smart City Market by Construction, 2022 - 2028 (USD Billion)
- 17. Global Smart City Market by Power Management, 2022 - 2028 (USD Billion)
- 18. Global Smart City Market by Water & Waste Management, 2022 - 2028 (USD Billion)
- 19. Global Smart City Market by Healthcare, 2022 - 2028 (USD Billion)
- 20. Global Smart City Market by Others, 2022 - 2028 (USD Billion)
- 21. Global Smart City Market share, by Region, 2022 and 2028
- 22. North America Smart City Market, 2022 - 2028 (USD Billion)
- 23. Europe Smart City Market, 2022 - 2028 (USD Billion)
- 24. Asia Pacific Smart City Market, 2022 - 2028 (USD Billion)
- 25. Latin America Smart City Market, 2022 - 2028 (USD Billion)
- 26. The Middle-East and Africa Smart City Market, 2022 - 2028 (USD Billion)
Table Of Tables
- 1. Global Smart City Market: Snapshot
- 2. Drivers of the Smart City Market: impact analysis
- 3. North America Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 4. North America Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 5. U.S. Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 6. U.S. Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 7. Canada Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 8. Canada Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 9. Europe Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 10. Europe Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 11. Germany Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 12. Germany Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 13. France Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 14. France Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 15. U.K. Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 16. U.K. Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 17. Italy Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 18. Italy Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 19. Spain Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 20. Spain Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 21. Rest of Europe Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 22. Rest of Europe Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 23. Asia Pacific Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 24. Asia Pacific Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 25. China Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 26. China Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 27. Japan Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 28. Japan Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 29. India Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 30. India Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 31. South Korea Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 32. South Korea Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 33. South-East Asia Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 34. South-East Asia Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 35. Rest of Asia Pacific Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 36. Rest of Asia Pacific Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 37. Latin America Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 38. Latin America Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 39. Brazil Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 40. Brazil Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 41. Mexico Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 42. Mexico Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 43. Rest of Latin America Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 44. Rest of Latin America Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 45. The Middle-East and Africa Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 46. The Middle-East and Africa Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 47. GCC Countries Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 48. GCC Countries Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 49. South Africa Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 50. South Africa Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
- 51. Rest of Middle-East Africa Smart City Market revenue, By By Component, 2022 - 2028 (USD Billion)
- 52. Rest of Middle-East Africa Smart City Market revenue, By By Application Area, 2022 - 2028 (USD Billion)
Methodology
FrequentlyAsked Questions
The global smart city market is expected to grow due to increasing urbanization, government initiatives for digital transformation, and growing adoption of iot and ai in urban planning and infrastructure.
According to a study, the global smart city market size was worth around USD 639.27 Billion in 2024 and is expected to reach USD 2475.47 Billion by 2034.
The global smart city market is expected to grow at a CAGR of 16.2% during the forecast period.
North America & Asia-Pacific is expected to dominate the smart city market over the forecast period.
Leading players in the global smart city market include Siemens, Cisco, Hitachi, IBM, Microsoft, Schneider Electric, Intel, NEC, ABB, AGT International, AVEVA Group plc, Ericsson, Honeywell International Inc, Itron Inc, KAPSCH Group, Microsoft Corporation, Huawei Technologies Co. Ltd., Oracle Corporation, Osram GmbH, SAP SE, Siemens AG, Telensa, Verizon, Vodafone Group plc.,, among others.
The report explores crucial aspects of the smart city market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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