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Smart Cities Market 2021 Growth, COVID Impact, Trends Analysis Report 2027

03-30-2021 03:36 PM CET | IT, New Media & Software

Press release from: Orion Market Reports

The global smart city market size was valued at $83.9 billion in 2019 and is expected to grow at a CAGR of 24% from 2021 to 2027. The concept of smart city is also drawing attention as awareness of'smart everything' is increasing. This is essentially the end result of any brokerage technology. In addition, support from central/federal governments, municipal governments and dedicated government agencies have made a major contribution to leading the global market. In addition, financing and financing models, governance structures, technological ecosystem and infrastructure advancements are playing an important role in smart city deployment.

A full report of Smart Cities Market available at:

Smart Cities Market- Segmentation

By Focus Area

• Smart Transportation
• Smart Buildings
• Smart Utilities
• Smart Citizen Services

By Smart Transportation


• Smart Ticketing
• Traffic Management System (Parking management, Traffic surveillance)
• Passenger Information Management System
• Freight Information System
• Connected Vehicles
• Others (transport data management, ride sharing and integrated mobility solutions)


• Consulting
• Deployment and integration
• Infrastructure monitoring and management

By Smart Buildings Solution

• Type
• Solutions
• Services

By Smart Utilities Solution

• Type
• Solutions
• Services

By Smart Citizen Services

• Public safety
• Smart healthcare
• Smart education
• Smart Street Lighting
• e-Governance

Key Market Players

• AT&T, Inc.
• Cisco Systems Inc.
• Ericsson
• General Electric
• Hitachi Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Schneider Electric SE

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

The report covers the following objectives:

• Proliferation and maturation of trade in the Smart Cities Market.
• The market share of the Smart Cities Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Smart Cities Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Smart Cities Market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Smart Cities Market Report

• What was the Smart Cities Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Smart Cities Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Smart Cities Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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