Press release
Smart Cities Market to Reach USD 4.04 Trillion by 2030, Driven by Urbanization and Rising Infrastructure Investments
Smart Cities Industry Size & Trends | Mordor Intelligence
Smart Cities Market Outlook
The smart cities market stood at USD 1.67 trillion in 2025 and is on course to reach USD 4.04 trillion by 2030, reflecting a 19.11% CAGR over the forecast window. With Europe currently leading and Asia-Pacific recording the fastest growth, the Smart Cities Market share highlights how regional strategies and priorities are shaping adoption across different domains such as transport, energy, and citizen services.
The Smart Cities Market size continues to expand as municipalities and enterprises shift from fragmented projects to integrated solutions.
Report Overview: https://www.mordorintelligence.com/industry-reports/smart-cities-market?utm_source=openpr
Key Trends in the Smart Cities Market
Expanding Government Infrastructure
Large-scale funding initiatives in regions such as North America and Asia are enabling municipalities to develop integrated platforms that collectively manage mobility, public safety, utilities, and citizen services.
Integration of AI, IoT, and Edge Analytics Enhances
The use of AI and edge technology highlights how digital transformation is not just about connectivity but also about actionable intelligence that improves the overall performance of smart cities.
Adoption of Digital Twins and Smart Utilities Solutions
Smart utilities are becoming one of the fastest-growing components of the Smart Cities Market, with projects focused on districts that generate surplus power and feed it back to the grid.
Shifting Market Share Toward Services Amid Cybersecurity
Although hardware remains the largest cost element, there is a rising demand for turnkey services and managed solutions that streamline operations. This trend is gradually shifting the Smart Cities Market share from hardware toward software and services.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/smart-cities-market?utm_source=openpr
Market Segmentation in the Smart Cities Market
By Solution
Smart Mobility Management
Smart Public Safety
Smart Healthcare
Smart Building
Smart Utilities
Smart Security
Others
By Component
Hardware
Software
Services
By Deployment Model
Cloud
On-Premises
By End-User
Government and Municipal
Residential
Commercial and Industrial
Transportation and Logistics
Utility Providers
Others
By Geography
North America: United States, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: United Kingdom, Germany, France, Sweden, Rest of Europe
Asia-Pacific: China, Japan, India, Australia, South Korea, Rest of Asia-Pacific
Middle East & Africa: Saudi Arabia, United Arab Emirates, Turkey, South Africa, Rest of Middle East & Africa
Explore Our Full Library of Technology, Media and Telecom Research Industry Reports - https://www.mordorintelligence.com/market-analysis/technology-media-and-telecom?utm_source=openpr
Key Players in the Smart Cities Market
Cisco Systems Inc. - A global leader in networking and IT infrastructure, providing connectivity solutions for smart city applications.
Siemens AG - Specializes in automation, energy management, and smart infrastructure solutions for urban environments.
IBM Corporation - Offers data analytics, AI platforms, and cloud services to support integrated city management systems.
Huawei Technologies Co. Ltd. - Provides telecommunications, cloud computing, and IoT solutions for smart city deployments.
Schneider Electric SE - Focuses on energy management, building automation, and sustainable urban infrastructure solutions.
Conclusion: Outlook for the Smart Cities Market
The Smart Cities Market trends indicate strong momentum as cities worldwide adopt digital solutions to improve efficiency, sustainability, and citizen services. Growing investments in urban infrastructure, integration of AI and IoT, and demand for connected mobility, utilities, and public safety solutions are shaping the market landscape.
According to Smart Cities Market statistics, focus areas such as mobility management, smart utilities, building automation, and public safety are driving strategic investments and adoption across regions.
For more insights on Smart Cities Market, please visit the Mordor Intelligence Page: https://www.mordorintelligence.com/industry-reports/smart-cities-market?utm_source=openpr
Industry Related Reports:
City Surveillance Market
The City Surveillance Market is projected to grow from USD 14.40 billion in 2025 to USD 21.65 billion by 2030, reflecting a CAGR of 8.5% during the forecast period. Growth is driven by increasing urbanization, rising public safety concerns, and government initiatives to deploy advanced surveillance systems. Additionally, the adoption of AI-enabled cameras and IoT-based monitoring solutions is enhancing real-time city security and operational efficiency.
Get more insights: https://www.mordorintelligence.com/industry-reports/global-city-surveillance-market?utm_source=openpr
Smart Cities And Critical Infrastructure Security Market
The Smart Cities and Critical Infrastructure Security Market is expected to grow from USD 0.98 trillion in 2025 to USD 2.41 trillion by 2030, at a CAGR of 19.72%. The growth is driven by rising investments in urban digital infrastructure and increasing demand for secure, resilient systems. Additionally, the integration of IoT, AI, and real-time monitoring solutions is enhancing protection for critical city assets.
Get more insights: https://www.mordorintelligence.com/industry-reports/smart-cities-and-critical-infrastructure-security-market?utm_source=openpr
Smart City Platforms Market
The Smart City Platforms Market is projected to grow from USD 56.94 billion in 2025 to USD 260.59 billion by 2030, registering a CAGR of 35.55%. This growth is fueled by increasing adoption of integrated digital solutions for city management and rising demand for AI- and IoT-enabled platforms. Additionally, governments are investing heavily in connected infrastructure to enhance urban mobility, utilities, and public services.
Get more insights: https://www.mordorintelligence.com/industry-reports/smart-city-platform-market?utm_source=openpr
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With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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