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Report Highlights
The global smart city technologies market should reach $2.8 trillion by 2027 from $1.0 trillion in 2022 at a compound annual growth rate (CAGR) of 22.6% for the forecast period of 2022 to 2027.
Report Includes
- 41 data tables and 39 additional tables
- An up-to-date overview of the global market for smart city technologies
- Analyses of the global market trends, with data from 2021, estimates for 2022, 2023, and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the upcoming market potential for global smart cities market, and areas of focus to forecast this market into various segments and subsegments
- Evaluation and forecast the market size for smart cities, projected growth trends, and corresponding market share analysis technology type, application area, and geographic region
- Discussion of current market scenario for smart city technologies, industry value chain analysis, and the future direction of this market
- Technology assessment of the key drivers, restraints and opportunities that will shape the market for smart cities growing new IT markets over the forecast period (2021 to 2027)
- Updated information on key mergers and acquisitions, agreements, partnerships, collaborations, product innovations, and other major market expansion strategies adopted by key players in the global smart cities market
- Insight into the ongoing research activities, key technology issues, industry-specific challenges, major types of end-user markets, and COVID-19 impact on the smart cities growing new IT market
- Descriptive company profiles of the leading global players, including Accenture PLC, Ericsson, Hitachi, Microsoft Corp., Nokia and Schneider Electric
Report Scope
The report provides an overview of the global smart city market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for 2022 through 2027. Revenue forecasts for this period are segmented based on technology type, application and region. The report also focuses on the major driving trends and challenges that affect the market. The report concludes with detailed profiles of the major global smart city market players.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2017 | ||||||||||||||||||||||||||||||||||||||||
| Forecast period considered | 2027 | ||||||||||||||||||||||||||||||||||||||||
| Base year market size | $791.3 billion | ||||||||||||||||||||||||||||||||||||||||
| Market size forecast | $2.8 billion | ||||||||||||||||||||||||||||||||||||||||
| Growth rate | CAGR of 22.6% for the forecast period of 2022-2027 | ||||||||||||||||||||||||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||||||||||||||||||||||||
| Segments covered | region, technology type and applications | ||||||||||||||||||||||||||||||||||||||||
| Regions covered | America, Europe, Asia-Pacific, and Middle East and Africa | ||||||||||||||||||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for smart city information and communications technologies should reach $994.6 billion by 2023 from $476.7 billion in 2018 at a compound annual growth rate (CAGR) of 15.8% from 2018 to 2023.
Report Includes
- 47 data tables
- An overview of the new and evolving information and communication technology investment driven by smart city applications
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of market potential for smart city applications by geographical regions, technology solutions, and end-user segments, including energy management, water management, transportation management, assisted living, e-government, and waste management
- Information on major factors influencing the smart cities market, such as the presence of a creative class, the quality of and dedicated attention to the urban environment, the level of education, multimodal accessibility, the use of information communication technologies for public administration, and how these factors correlate into urban wealth
- Analysis of important growth opportunities, including new transport management systems, smart grids, water monitoring systems, and energy-efficient buildings
- Company profiles of major players in the smart cities market, including Accenture, General Electric, Hitachi, Microsoft, Siemens, and the Toshiba Group
Report Highlights
The global smart cities market for information and communications technologies reached $342.4 billion in 2016 and should reach $774.8 billion in 2021, with a compound annual growth rate (CAGR) of 17.7% from 2016 to 2021.
Report Includes
- An overview of the new and growing information technology markets relating to smart cities.
- Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.
- A focused and operational definition of the smart city construct as well as consistent evidence concerning the geography of smart cities.
- Information on major factors influencing smart cities, such as the presence of a creative class, the quality of and dedicated attention to the urban environment, the level of education, multimodal accessibility, the use of information communication technologies for public administration, and how these factors correlate into urban wealth.
- Analysis of important growth opportunities, including new transport management systems, smart grids, water monitoring systems, and energy-efficient buildings.
- Profiles of major players in the smart cities industry.
Report Highlights
The global market for smart cities information and communication technologies (ICT) was valued at $212.3 billion in 2013 and $293.2 billion in 2014. This market is expected to reach $668.5 billion in 2019, with a compound annual growth rate (CAGR) of 17.9% from 2014 to 2019.
Report Includes
- An overview of the new and growing information technology markets relating to smart cities.
- Analyses of global market trends, with data from 2013, 2014, and projections of CAGRs through 2019.
- A focused and operational definition of the smart city construct as well as consistent evidence concerning the geography of smart cities.
- Information on major factors influencing smart cities such as the presence of a creative class, the quality of and dedicated attention to the urban environment, the level of education, multimodal accessibility, the use of information communication technologies for public administration, and how these factors correlate into urban wealth.
- Analysis of important growth opportunities including new transport management systems, smart grids, water monitoring systems, and energy efficient buildings.
- Profiles of major players in the smart cities industry.
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