Press release
Smart Cities Market – Types, Applications, Drivers, Challenges, Opportunities, Shares, Countries, Revenue Analysis & Forecast to 2027
According to this latest publication from Meticulous Research®, the Smart Cities Market is expected to grow at a CAGR of 22.9% from 2019 to reach $545.7 billion by 2027. The substantial growth in the global smart cities market is mainly attributed to the growing demand from the education, utilities, public safety, and transportation sectors. Besides, the government initiatives for overpopulation and urbanization management and growing requirement of resource management for sustainable development provide significant opportunities for the growth of the smart cities market. However, requirement for significant initial investment and rising cases of data theft and cybercrimes may limit the growth of the smart cities market to some extent during the forecast period. Moreover, reluctance shown by citizens to adopt new technologies is the major challenging factor observed in this market.
Download Free PDF Sample Copy of the Report (with covid 19 Impact Analysis): https://www.meticulousresearch.com/download-sample-report/cp_id=5087
We provide crucial, accurate, and real time market data that helps these executives to take informed decisions and deliver maximum impact. We provide Research That Revolutionizes Your Business.
The global smart cities market study presents historical market data in terms of values (2017, 2018), estimated current data (2019), and forecasts for 2027 – by application (smart transportation, smart utilities, smart education, smart healthcare, smart public safety, governance, smart lighting solutions, and smart building), component (hardware, software, and services), and by geography. The study also evaluates industry competitors and analyzes the market at a country level.
Scope of the Report:
Smart Cities Market, by Application
Smart Transportation
Parking Management
Ticketing & Travel Management
Traffic Management
Passenger information management system
Freight information system
Smart Utilities
Energy management
Smart Meters
Meter Data Management
PV Monitoring
Smart Grid
Power electronics
Energy Storage
Water Management
Waste Management
Distribution Management
Smart Education
Smart Healthcare
Connected Healthcare Solutions
Telemedicine
Smart Public Safety
Surveillance
Command & Control Solutions
Smart Governance
E-Governance Solutions
Emergency Management
Law Enforcement
City Planning
Smart Lighting Solutions
Smart Building
Lighting Control Systems
Energy Management Systems
Facility Management Systems
Smart Cities Market, by Component
Hardware
Software
Services
Smart Cities Market, by Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Singapore
Rest of Asia-Pacific
Latin America
Middle East & Africa
Get the PDF to understand the CORONA Virus/COVID19 impact and be smart in redefining business strategies:https://www.meticulousresearch.com/request-sample-report/cp_id=5087
Based on application, the smart utilities segment commanded the largest share of the overall smart cities market in 2019. The introduction of smart grids, smart meters, and new ways of generating and transporting energy are being driven by the IoT. Smart water and electricity monitoring can help save money by giving people more control over their home utilities, while efficient refuse management will help to keep cities cleaner. The utility companies have started integrating with smart cities to generate new revenue opportunities.
Based on component, the services segment is anticipated to grow with the fastest growth rate in the overall smart cities market during the forecast period. The high growth of smart city services is primarily attributed to the consistent growth in the processes such as installation, maintenance, and up-keeping of smart city hardware and software in the coming years.
Purchase This Report (Price 3757 USD for single user license) : https://www.meticulousresearch.com/Checkout/19915801
Geographic Review:
Geographically, North America commanded the largest share of the overall smart cities market in 2019 and is expected to maintain its dominance throughout the forecast period. The large share of this region is mainly attributed to the fast-developing advanced communication infrastructure, stringent measures for public safety and data privacy, growing focus on reducing carbon footprints using innovative ICT technologies, and prioritizing the development of smart cities by many local and national government authorities. Furthermore, the government initiatives for overpopulation and urbanization management have boosted the overall smart cities market in the region. However, the Asia-Pacific region is expected to register the fastest growth during the forecast period.
Key Players:
Some of the key players operating in global smart cities market are CISCO Systems Inc. (U.S.), Huawei Technologies (China), IBM Corporation (U.S.), ATOS SE (France), Foxconn Electronics, Inc. (Taiwan), Robert Bosch GmbH (Germany), General Electric Company (U.S.), SIEMENS AG (Germany), L&T Infotech (India), Cognizant (U.S.), Capgemini (France), Schneider Electric SE (France), INTEL Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), and Fujitsu Ltd. (Japan), among others.
Any Question | Speak to Analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5087
Key questions answered in the report-
Which are the key application areas for smart city technologies that can bolster your revenue growth strategies?
Which are the high growth markets in smart cities that you should be focusing on to achieve sustainable growth?
Which geographic markets provide the fastest and highest revenue growth opportunities?
What are the major drivers, restraints, opportunities, and challenges in the global smart cities market?
Who are the competitors to look out for in the smart cities market? What market position do they hold in the smart cities market?
How is the competitive landscape in the global smart cities market? What strategies key vendors have been following to strengthen their market presence?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Asia-Pacific
Office No-202, 203,204,205,206;
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Cities Market – Types, Applications, Drivers, Challenges, Opportunities, Shares, Countries, Revenue Analysis & Forecast to 2027 here
News-ID: 2250936 • Views: …
More Releases from Meticulous Research®
Lysine Market Size, Growth Outlook, and Emerging Trends (2025-2032)
The global lysine market is witnessing robust growth, reflecting a fundamental shift in global dietary patterns and livestock production systems. Valued at USD 7.77 billion in 2024, the market is projected to reach USD 15.09 billion by 2032 from USD 8.41 billion in 2025, expanding at a CAGR of 8.7% during the forecast period from 2025 to 2032. This significant growth is primarily driven by increasing demand for protein-rich diets,…
Chitosan Market: Growth Trends, Sustainability Focus, and Future Outlook to 2032
Chitosan Market Overview
The global chitosan market is witnessing remarkable growth as industries increasingly turn to sustainable and biodegradable materials. Valued at USD 2.55 billion in 2024, the market is projected to reach USD 6.51 billion by 2032, growing from USD 2.87 billion in 2025 at a CAGR of 12.4% during the forecast period from 2025 to 2032. This growth is driven by the expanding applications of chitosan in the pharmaceutical,…
Minimal Residual Disease Testing Market: Trends, Innovations, and Forecast to 20 …
Minimal Residual Disease Testing Market Overview
The global minimal residual disease (MRD) testing market is witnessing rapid growth as precision oncology and early cancer detection gain momentum across healthcare systems worldwide. The market is expected to reach USD 4.45 billion by 2031, growing at a CAGR of 14.6% from 2024 to 2031. This growth is driven by the increasing incidence of cancer, rising awareness about early detection, and the growing application…
Moringa Extract Market Size, Growth Trends, and Forecast to 2031
The global moringa extract market has gained remarkable traction in recent years, driven by the growing consumer focus on natural wellness and sustainable nutrition. Valued at USD 5.06 billion in 2023, the market is projected to reach USD 10.65 billion by 2031, growing from an estimated USD 5.53 billion in 2024 at a CAGR of 9.8% during the forecast period from 2024 to 2031. This strong growth trajectory is fueled…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
