Published On : January 2018 Pages : 93 Category: Next Generation Technology Report Code : IC01476
Industry Outlook and Trend Analysis
The global Smart Cities Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. Various cities are quickly embracing advanced information and communication technologies (ICT), for example, Internet-of-Technology (IoT), big data analytics, and big data analytics. These have been major empowering agents of consistent network and digitization crosswise over organizations, establishing the framework of smart cities. Driven by a wide range of lucrative patterns, the smart cities market is anticipated to ascend at a great CAGR of % from 2017 to 2021 and the market valuation is foreseen to create at a significant rate in the upcoming years.
Application Outlook and Trend Analysis
On the basis of application the market is segmented into smart homes, smart security, smart industrial automation, smart buildings, smart transportation, smart energy management, smart water management, smart education, and smart healthcare. Of these, the smart security segment is anticipated to develop at a considerable in the upcoming years. The rising demand for smart security technologies is bolstered by the increasing requirement for insure the privacy of citizen’s information from cyber-attacks and unauthorized use of these data by the third parties to meet their business goals. On the other hand, smart transportation was one of the leading segments in 2017 and is foreseen to develop at a significant rate over the forecast period. The rising requirement for enhancing fuel consumption, curbing travel displays, and enhancing traffic flow across inter-urban road networks has driven the growth of smart transportation technologies and services. The increasing issues to curb carbon footprint is anticipated to provide opportunities for alternative and advanced modes of transportation.
Regional Outlook and Trend Analysis
North America is the leading regional market for smart cities and is foreseen to dominate throughout the forecast period. The development of the regional market is attributable to the increasing focus of governments in developed countries to curtail the emission of greenhouses gases. The governments in many countries of North America are encouraging the implementation of renewable power for fulfilling the burgeoning requirements of the people. The rising popularity of smart industrial automation in a wide range of manufacturing industries is foreseen to boost the market growth. Additionally, the growing prominence of cloud-based services and the introduction of reasonable sensors are the major factors driving the regional market.
Competitive Insights
The leading players in the market are Microsoft, Toshiba, Oracle India Private Limited, Cisco Systems, IBM, Schneider Electric, Siemens and Huawei Investment & Holding Co Ltd. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The smart cities market is segmented as follows-
By Application:
By Region
Some of the key questions answered by the report are:
Market Classification
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Smart Cities Market, By Application
4.1. Introduction
4.2. Smart Cities Market Assessment and Forecast, By Application, 2017-2023
4.3. Smart Buildings
4.3.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.4. Smart Homes
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. Smart Healthcare
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.6. Smart Energy Management
4.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.7. Smart Industrial Automation
4.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.8. Smart Security
4.8.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.9. Smart Water Management
4.9.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.10. Smart Education
4.10.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.11. Smart Transportation
4.11.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Smart Cities Market, By Region
5.1. Introduction
5.2. Smart Cities Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.3. North America
5.3.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.3.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.3.3. U.S.
5.3.3.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.3.4. Canada
5.3.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.3.5. Mexico
5.3.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4. Europe
5.4.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.4.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.3. Germany
5.4.3.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.4. France
5.4.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.5. UK
5.4.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.6. Italy
5.4.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.7. Spain
5.4.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.8. Rest of Europe
5.4.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5. Asia-Pacific
5.5.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.3. Japan
5.5.3.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.4. China
5.5.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.5. Australia
5.5.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.6. India
5.5.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.7. South Korea
5.5.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.8. Rest of Asia-Pacific
5.5.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6. Rest of the World
5.6.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.3. Brazil
5.6.3.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.4. Turkey
5.6.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.5. Saudi Arabia
5.6.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.6. South Africa
5.6.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.7. United Arab Emirates
5.6.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.8. Others
5.6.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6. Company Profiles
6.1. Accenture Plc.
6.1.1. Business Overview
6.1.2. Product Portfolio
6.1.3. Key Financials
6.1.4. Strategic Developments
6.2. Alstom S.A.
6.2.1. Business Overview
6.2.2. Product Portfolio
6.2.3. Strategic Developments
6.3. ABB Ltd.
6.3.1. Business Overview
6.3.2. Product Portfolio
6.3.3. Key Financials
6.3.4. Strategic Developments
6.4. Siemens AG.
6.4.1. Business Overview
6.4.2. Product Portfolio
6.4.3. Key Financials
6.4.4. Strategic Developments
6.5. Cisco Systems Inc.
6.5.1. Business Overview
6.5.2. Product Portfolio
6.5.3. Key Financials
6.5.4. Strategic Developments
6.6. Honeywell International Inc.
6.6.1. Business Overview
6.6.2. Product Portfolio
6.6.3. Strategic Developments
6.7. Hitachi Ltd.
6.7.1. Business Overview
6.7.2. Product Portfolio
6.7.3. Strategic Developments
6.8. Dassault Systemes S.A.
6.8.1. Business Overview
6.8.2. Product Portfolio
6.8.3. Strategic Developments
List of Tables
Table: Smart Cities Market, By Application ($Million), 2017-2023
Table: Smart Buildings Market, By Region ($Million), 2017-2023
Table: Smart Homes Market, By Region ($Million), 2017-2023
Table: Smart Healthcare Market, By Region ($Million), 2017-2023
Table: Smart Energy Management Market, By Region ($Million), 2017-2023
Table: Smart Industrial Automation Market, By Region ($Million), 2017-2023
Table: Smart Security Market, By Region ($Million), 2017-2023
Table: Smart Water Management Market, By Region ($Million), 2017-2023
Table: Smart Education Market, By Region ($Million), 2017-2023
Table: Smart Transportation Market, By Region ($Million), 2017-2023
Table: North America Smart Cities Market, By Country, 2017-2023 ($Million)
Table: North America Smart Cities Market, By Application, 2017-2023 ($Million)
Table: U.S.Smart Cities Market, by Application, 2017-2023 ($Million)
Table: Canada Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Mexico Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Europe Smart Cities Market, By Country, 2017-2023 ($Million)
Table: Europe Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Germany Smart Cities Market, By Application, 2017-2023 ($Million)
Table: France Smart Cities Market, By Application, 2017-2023 ($Million)
Table: UK Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Italy Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Spain Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Rest of Europe Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Asia-Pacific Smart Cities Market, By Country, 2017-2023 ($Million)
Table: Asia-Pacific Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Japan Smart Cities Market, By Application, 2017-2023 ($Million)
Table: China Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Australia Smart Cities Market, By Application, 2017-2023 ($Million)
Table: India Smart Cities Market, By Application, 2017-2023 ($Million)
Table: South Korea Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Rest of Asia-Pacific Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Rest of the World Smart Cities Market, By Country, 2017-2023 ($Million)
Table: Rest of the World Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Brazil Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Turkey Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Saudi Arabia Smart Cities Market, By Application, 2017-2023 ($Million)
Table: South Africa Smart Cities Market, By Application, 2017-2023 ($Million)
Table: United Arab Emirates Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Others Smart Cities Market, By Application, 2017-2023 ($Million)
Table: Accenture Plc.: Key Strategic Developments, 2017-2017
Table: Alstom S.A.: Key Strategic Developments, 2017-2017
Table: ABB Ltd.: Key Strategic Developments, 2017-2017
Table: Siemens AG.: Key Strategic Developments, 2017-2017
Table: Cisco Systems Inc.: Key Strategic Developments, 2017-2017
Table: Honeywell International Inc.: Key Strategic Developments, 2017-2017
Table: Hitachi Ltd.: Key Strategic Developments, 2017-2017
Table: Dassault Systemes S.A.: Key Strategic Developments, 2017-2017
List of Figures
List of Figures
Figure: Smart Cities Market Share, By Application, 2017 & 2023
Figure: Smart Cities Market, By Region, 2017 & 2023 ($Million)
Figure: Dassault Systemes S.A.: Net Revenues, 2017-2017 ($Million)
Figure: Dassault Systemes S.A.: Net Revenue Share, By Segment, 2017
Figure: Dassault Systemes S.A.: Net Revenue Share, By Geography, 2017
Figure: Cisco Systems Inc.: Net Revenues, 2017-2017 ($Million)
Figure: Cisco Systems Inc.: Net Revenue Share, By Segment, 2017
Figure: Cisco Systems Inc.: Net Revenue Share, By Geography, 2017
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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