Smart Cities: Growing New Markets for Information Technology

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.

SCOPE OF REPORT

Creating more sustainable, resilient, and livable cities is of vital importance to nations around the world. In particular, the rapid urbanization of Asia and South America is driving strong growth in the market for smart city technologies that can connect and modernize power grids, water treatment and transfer systems, transportation management systems, and energy-efficient buildings. This report examines the evolution of the global smart city market, detailing the impacts on key technology markets, including energy management; water management; transport management; waste management; assisted living; and e-government, security and education systems. It compares different approaches to the smart city and provides comprehensive profiles of noteworthy smart city projects in each major world region.

The report’s purpose is not to provide an exhaustive technical assessment of smart city technologies. Rather, it aims to offer a strategic examination of the market with a focus on key economic, business, and social drivers, technology issues, regulatory factors, and the competitive landscape. The market data reported here will provide a better understanding of the real dimension of the entire ICT market for smart cities.

The report will define and provide in-depth analysis and forecasting of potential revenues for the various smart city sub-segments of technologies, solutions, services and regions. In addition to market drivers, it also identifies restraints on the market with insights into trends, opportunities and challenges in North and South America, Europe, Asia-Pacific and other regions.

ANALYST’S CREDENTIALS

Miguel Pimentel has a degree in Civil and Environmental Engineering and a master’s in Transportation Planning, and is currently finishing his Ph.D. in Urban and Spatial Planning at the University of Porto (Portugal), with a focus on smart cities and urban planning improvements. He has more than 10 years of specialized consultancy work with top engineering/consultancy companies, and investigative experience in the fields of transport planning, transport modelling, accessibility, evaluation of land use and transport strategies, urban spatial planning and strategic urban development planning. His research work and consultancy projects have focused on analytical urban and transport planning techniques and on projects involving integrated planning systems capable of interacting with each other.