Bharat Book Bureau Provides the Trending Market Research Report on “Smart Cities Market by Solution, Component, Technology, Geography - Global Forecast to 2030 ”under Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

Global Smart Cities Market, Forecast 2030

Smart Cities Market by Solution (Smart Citizen Services, Smart Environment, Smart Buildings, Smart Transportation, Smart Utilities, Other Smart Solutions), Component (Hardware, Software, Services), Technology, Geography - Global Forecast to 2030

The research report titled, ‘Smart Cities Market by Solution (Smart Citizen Services, Smart Environment, Smart Buildings, Smart Transportation, Smart Utilities, Other Smart Solutions), Component (Hardware, Software, Services), Technology, Geography - Global Forecast to 2030,’ provides an in-depth analysis of smart cities market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global smart cities market is projected to reach $3,107.05 billion by 2030, at a CAGR of 25.8% during the forecast period of 2023–2030. The growth of the smart cities market is driven by the area that uses emerging technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), big data, cloud, and data analytics to collect and analyze data on infrastructure utilization and use the insights gained to manage assets, resources, and services more efficiently. The global smart cities market is witnessing consistent growth due to government initiatives for urbanization management and the growing need to manage resources efficiently for sustainable development.

The study offers a comprehensive analysis of the global smart cities market by solution, components, technology, and geography.

The global smart cities market is segmented by solution (smart citizen services [smart public safety, smart governance, smart street lighting, smart education, and smart healthcare], smart environment [climate monitoring, smart waste management, air quality monitoring and noise mapping & monitoring], smart buildings [smart building market, by solution and smart buildings market size, by type], smart utilities [smart energy management, smart water management and smart distribution management] other smart solution), component (hardware, software and services), technology (IoT (internet of things), artificial intelligence, cloud computing, machine learning, machine-to-machine communications, other technologies). The study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on solution, the global smart cities market is segmented into smart citizen services, smart environment, smart buildings, smart transportation, smart utilities, and other smart solution. In 2023, the smart citizen services segment is expected to account for the largest share of the global smart cities market. Smart citizen services are an essential part of a smart city ecosystem that leverages digital technology to improve the quality of life of its residents. Smart cities use digital platforms like social media, mobile apps, and online forums to engage citizens in decision-making processes and encourage them to participate in local governance. In addition, smart citizen services in smart cities leverage digital technology to create a more efficient, sustainable, and livable urban environment for residents. These are some of the major factors driving the growth of this segment.

Based on component, the global smart cities market is segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the largest share of the global smart cities market. Hardware forms the backbone of the infrastructure support required for deploying smart city projects. Developing regions such as Asia-Pacific, Latin America, and the Middle East & Africa are in the initial stage of smart city implementation, boosting the demand for connected hardware devices over the coming years.

Based on technology, the cloud computing market is projected to register the highest CAGR during the forecast period. Smart cities use various IoT devices, sensors, and data analytics to collect and process large amounts of data to improve the quality of life for their citizens. Cloud computing provides a scalable and flexible infrastructure for storing and processing this data, making it an essential component of smart city infrastructure. In addition, cloud computing offers enhanced security and reliability for smart city applications. Cloud providers typically offer robust security measures, such as encryption and multi-factor authentication, to protect against cyber threats. They also provide high availability and disaster recovery capabilities to ensure critical applications remain accessible during an outage or disaster.

Based on geography, the global smart cities market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to register the highest CAGR during the forecast period. Smart city projects in Asia-Pacific continue to grow as large nations consolidate their urbanization process. Asia-Pacific's smart cities primarily focus on the areas of digital government services, environmental impact reduction, and improvement of ICT infrastructure and adoption. Growing urban population and rapid expansion of cities are driving governments to deploy smart city solutions to sustain public services, drive economic competitiveness, and enable a thriving environment in the Asia-Pacific region.

The key players operating in the global smart cities market are Cisco Systems, Inc. (U.S.), Huawei Investment & Holding Co., Ltd. (China), IBM Corporation (U.S.), Siemens AG (Germany), Cognizant Technology Solutions Corporation (U.S.), Capgemini (Europe), Schneider Electric SE (France), Intel Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), Fujitsu Ltd. (Japan), Robert Bosch GmbH (Germany), Atos SE (France), Foxconn Electronics Inc. (Hon Hai Precision Industry Co. Ltd.) (China), LTIMindtree Limited (India), and General Electric Company (U.S.).

Key questions answered in the report-
•Which are the high-growth market segments in terms of solution, component, technology, and geography?
•What is the historical market for smart cities across the globe?
•What are the market forecasts and estimates for the period of 2023–2030?
•What are the major drivers, restraints, opportunities, challenges, and trends in the global smart cities market?
•Who are the major players in the global smart cities market and what share of the market do they hold?
•Who are the major players in various countries and what share of the market do they hold?
•How is the competitive landscape?
•What are the recent developments in the global smart cities market?
•What are the different strategies adopted by the major players in the global smart cities market?
•What are the geographical trends and high-growth countries?
•Who are the local emerging players in the global smart cities market and how do they compete with the other players?

Scope of the report
Smart Cities Market, by Solution
•Smart Citizen Services
oSmart Public Safety
ØSurveillance
ØCommand & Control Centers
oSmart Governance
ØSmart Emergency Management
ØSmart Law Enforcement
ØE-Governance
oSmart Street Lighting
oSmart Education
oSmart Healthcare
ØConnected Healthcare Solutions
ØTelemedicine
•Smart Environment
oClimate Monitoring
oSmart Waste Management
oAir Quality Monitoring
oNoise Mapping & Monitoring
•Smart Buildings
oSmart Building Market, By Solution
ØSmart Energy Management
ØSmart Facility Management
ØSafety And Security Management
ØSmart Lighting Control Systems
ØElevators & Escalators Management Systems
oSmart Building Market, By Type
ØCommercial Buildings
ØPublic Buildings
ØResidential Buildings
•Smart Transportation
oSmart Transportation Market, By Solution
ØTraffic Management Systems
ØParking Management Systems
ØFreight Information Systems
ØTicketing & Travel Management Systems
ØPassenger Information Management Systems
oSmart Transportation Market Size, By Application
ØRoadways
ØRailways
ØAirways
ØWaterways
•Smart Transportation Market Size, By Application
oSmart Energy Management
ØSmart Grid
ØSmart Meter
ØSmart Energy Storage
ØPV Monitoring
ØMeter Data Management
ØPower Electronics Converters
oSmart Water Management
oSmart Distribution Management
•Other Smart Solutions
Smart Cities Market, by Component
•Hardware
oEndpoint Devices
oProcessing Devices
oNetwork Devices
oOther Devices
•Software
oIoT Device Software
oGateway Software
oCloud Software
oComputing Device Software
oOther Software
•Service
oConsulting Services
oSystem Integration & Deployment Services
oInfrastructure Monitoring & Management Services
oNetwork Services
oOther Services
Smart Cities Market, by Technology
oIoT (Internet of Things)
oArtificial Intelligence
oCloud Computing
oMachine Learning
oMachine-To-Machine Communication
oOther Technologies
Smart Cities Market, by Geography
•North America
oU.S.
oCanada
•Europe
oGermany
oU.K.
oFrance
oItaly
oSpain
oRest of Europe
•Asia-Pacific
oChina
oJapan
oIndia
oSingapore
oRest of Asia-Pacific
•Latin America
•Middle East & Africa

Browse our full report with Table of Content :
https://www.bharatbook.com/report/1411601/smart-cities-market-by-so...

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