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GlobalData Plc: Smart Cities Market to Register a Growth Rate of Over 11% by 2025

·5-min read
GlobalData Plc
GlobalData Plc

The global smart cities market size was valued at $221.1 billion in 2019

LONDON, May 18, 2022 (GLOBE NEWSWIRE) -- By 2050, nearly 70% of the world’s population will live in cities, compared to 50% today. Increased urbanization is already causing infrastructure headaches for cities, which will only worsen. These challenges are driving the creation of smart cities. The cities that have taken a leadership role in the drive to become smart are Amsterdam, Berlin, Copenhagen, Hong Kong, London, New York, Paris, Reykjavik, Singapore, Taipei, and Tokyo.

The Smart Cities - Thematic Research Report offered by GlobalData Plc provides an overview of the global smart cities market and identifies the key trends impacting the growth of the theme in the upcoming months. It also includes a comprehensive industry analysis and identifies the leading players in the smart cities market, across all segments of the value chain.

For more Smart Cities Thematic Analysis and Forecast, download a free report sample

Smart City Value Chains

  • Smart City Platforms

  • Smart City Apps

  • Smart City Services

For more detailed insights on smart cities value chains, download a free report sample

Key Technology Trends Impacting the Smart Cities Theme

  • Metaverse

  • Cyber Threats

  • Digital Twins

  • AI Adoption

  • 5G

  • Surveillance Tech

  • Digitalization.

Key Macroeconomic Trends Impacting the Smart Cities Theme

  • The Post-COVID Smart City

  • Water Shortages

  • Smart City Geopolitics

  • The Digital Silk Road

Key Regulatory Trends Impacting the Smart Cities Theme

  • COP26 Impact on Cities

  • Emerging Tech Charters

For more insights on market trends impacting the smart cities theme, download a free report sample

Leading Companies Associated with the Smart Cities Theme

  • Accenture

  • Alibaba

  • Cisco

  • Hikvision

  • Hitachi

  • Honeywell

  • 75F

  • Cleverciti

  • Huawei

  • Quantela

  • Via Transportation

To know more about leading companies associated with the smart cities theme, download a free report sample

Smart Cities Market Overview

Market Size (2019)

$221.1 billion

CAGR

>11%

Forecast Period

2019-2025

Key Cities

Amsterdam, Berlin, Copenhagen, Hong Kong, London, New York, Paris, Reykjavik, Singapore, Taipei, and Tokyo

Key Value Chains

Smart City Platforms, Smart City Apps, and Smart City Services

Key Technology Trends

Metaverse, Cyber Threats, Digital Twins, AI Adoption, 5G, Surveillance Tech, and Digitalization

Key Macroeconomic Trends

The Post-COVID Smart City, Water Shortages, Smart City Geopolitics, and The Digital Silk Road

Key Regulatory Trends

COP26 Impact on Cities and Emerging Tech Charters

Leading Companies

Accenture, Alibaba, Cisco, Hikvision, Hitachi, Honeywell, 75F, Cleverciti, Huawei, Quantela, and Via Transportation

Smart Cities Market Report Scope

This report provides an overview of the smart cities theme.

  • It identifies the key trends impacting the growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.

  • It includes comprehensive industry analysis, including forecasts for global smart cities spending to 2025.

  • It contains details of M&A deals driven by the smart cities theme, and a timeline highlighting milestones in the development of smart cities.

  • The detailed value chain illustrates how smart cities fit into the IoT technology stack. The report covers three layers of the smart cities value chain: the platform layer, the app layer, and the services layer.

Reasons to Buy

The smart city is an important market that attracts substantial investment. This report is a clear and insightful overview of this increasingly important theme, telling you everything you need to know about what makes a city smart and which companies are benefitting from increased urbanization.

FAQs

What was the global smart cities market size in 2019?
The global smart cities market size was valued at $221.1 billion in 2019.

What is the global smart cities market growth rate?
The global smart cities market is expected to grow at a CAGR of 11% during the forecast period.

Which are the key cities in the smart cities market?
The cities that have taken a leadership role in the drive to become smart are Amsterdam, Berlin, Copenhagen, Hong Kong, London, New York, Paris, Reykjavik, Singapore, Taipei, and Tokyo.

What are the value chains in the smart cities market?
The value chains in the smart cities market are smart city platforms, smart city apps, and smart city services.

What are the key technology trends impacting the smart cities theme?
The key technology trends impacting the smart cities theme are metaverse, cyber threats, digital twins, AI adoption, 5G, surveillance tech, and digitalization.

What are the key macroeconomic trends impacting the smart cities theme?
The key macroeconomic trends impacting the smart cities theme are the post-COVID smart city, water shortages, smart city geopolitics, and the digital silk road.

What are the key regulatory trends impacting the smart cities theme?
The key regulatory trends impacting the smart cities theme are COP26 impact on cities and emerging tech charters.

Which are the leading companies associated with the smart cities theme?
The leading companies associated with the smart cities theme are Accenture, Alibaba, Cisco, Hikvision, Hitachi, Honeywell, 75F, Cleverciti, Huawei, Quantela, and Via Transportation.

Related Reports

  • Smart Cities in Asia-Pacific – Regional Status and Key Case Studies – 2020 Update – Click here

  • Smart Cities in the Americas – Regional Status and Key Case Studies, 2020 Update – Click here

  • Smart Cities in Africa and the Middle East – Regional Status and Key Case Studies, 2020 Update – Click here

  • Smart Cities in Europe – Regional Status and Key Case Studies, 2020 Update – Click here

  • GPK – Warszawa Modlin Smart City – Masovian Voivodeship – Click here

About us

GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.

Media Contacts

GlobalData

Mark Jephcott
Head of PR EMEA
mark.jephcott@globaldata.com
cc: pr@globaldata.com

+44 (0)207 936 6400


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