This 215-page report, titled “Global Smart Cities Market 2020-2030 by Component (Hardware, Software, Services), Application (Citizen Service, Transportation, Utilities, Home & Building), Business Model (BOM, BOO, BOT, OBM), and Region: Trend Forecast and Growth Opportunity,” is highlighted by 91 tables and 115 figures. It is based on an in-depth analysis of the entire global smart cities market and all of its sub-segments. Premium primary and secondary information sources are used to create in-depth research and evaluation, with input coming from business specialists working throughout the value chain.
Due to increasing urbanisation, government initiatives, the need for resource management due to population growth, and emerging technological advancements in 5G, AI, big data, IoT, cloud, and edge computing, the global market for smart cities will reach $4,269.3 billion by 2030, growing by 17.3% annually over 2020–2030.
The study uses 2019 as the foundation year for forecasts from 2020 to 2030 and is based on research from 2016 to 2019. (Please note that the report will be updated before to delivery to ensure that the forecast includes at least 5 years beyond the base year and the most recent historical year serves as the base year.)
Request Research Sample with Latest Industry Insights: https://altusmarketresearch.com/reports/sample/3471
The following elements are identified and examined in-depth qualitative analyses:
Porter’s Five Forces: Market Structure, Growth Drivers, Obstacles and Challenges, Emerging Product Trends and Market Opportunities
By taking COVID-19 into consideration, the trend and prognosis for the global market are predicted with an upbeat, fair-minded, and cautious viewpoint. The worldwide market for smart cities is quantified from the viewpoints of component, application, business model, and region using the balanced (most likely) forecast.
The worldwide market is divided into the following sub-markets based on component, with annual revenue ($ mn) for 2019–2030 provided in each sector.
Infrastructure & Hardware
• Smart Devices
• Embedded Objects
• Smart Sensors
• Other Hardware
Software & Solutions
• Software & Applications
• Communication Optimization
• Data Collection & Analysis
• Other Solutions
Services
• Professional Services
• Managed Services
Based on Application, the global Smart Cities Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
Smart Transportation
• Parking Management
• Ticketing & Travel Management
• Traffic Management
• Passenger Information Management System
• Freight Information System
• Other Smart Transportation Systems
Smart Utilities
• Energy management
• Advanced Metering Infrastructure
• Smart Grid
• Water Management
• Distribution Management
• Other Smart Utilities
Smart Governance
• E-Governance Solutions
• Smart Public Safety
• Law Enforcement
• City Planning
• Other Governance Services
Smart Home & Building
• Building Automation System
• Energy Management Systems
• Parking Management System
• Emergency Management System
• Other Smart Building Systems
Smart Citizen Service
• Smart Education
• Smart Healthcare
• Emergency Response System
• Video Surveillance System
• Assisted Living Solution
• Other Citizen Services
Smart Mobility
• Electric Vehicle Charging
• Tunnel Management
• Tolling Management
• Other Mobility Solutions
Other Applications
Based on Business Model, the global Smart Cities Market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Build Operate Manage (BOM)
• Build Own Operate (BOO)
• Build Operate Transfer (BOT)
• Open Business Model (OBM)
• Other Business Models
Along with the above national/local markets, the following geographic areas are thoroughly investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
In Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• America, North (U.S., Canada, and Mexico)
Latin America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Detailed analysis and statistics for yearly revenue ($ mn) for each of the aforementioned regions and nations are provided for the years 2019 through 2030. There is also a breakdown of the major national markets by component, application, and business model during the projection years, as well as a breakdown of the regional markets by country.
The Smart Cities Market study also analyses the present competition landscape, the anticipated trend, and it provides profiles of major suppliers, including both established market leaders and significant up-and-coming companies.
The AMR’s Risk Assessment System is specifically used to assess quantitatively and qualitatively possible risks related to investments in the global smart cities sector. Critical Success Factors (CSFs) are developed based on the risk analysis and assessment as a guide to assist investors and shareholders in identifying new possibilities, managing and minimising risks, developing suitable business models, and making informed strategies and choices.
Smart Cities Market: Key Players (this list may not be exhaustive; other businesses may be included upon request):
ABB Ltd.
Accenture Plc
Alphabet Inc.
AT&T
Cisco Systems Inc.
Ericsson
Foxconn Electronics Inc.
Fujitsu Ltd.
General Electric Company
Hitachi
Honeywell
Huawei Technologies
IBM Corporation
INTEL Corporation
LG Electronics Inc.
Microsoft Corp.
Oracle Corp.
Qualcomm Technologies Inc.
Schneider Electric SE
Siemens AG
Toshiba Corporation
