Press release
Smart City Market Estimated at USD 2.37 Billion in 2024, Projected to Reach USD 15.05 Billion by 2035
Competitive Landscape:
Key players in the Smart City Market include:
• Siemens (DE)
• Cisco (US)
• IBM (US)
• Schneider Electric (FR)
• Honeywell (US)
• Microsoft (US)
• Oracle (US)
• Huawei (CN)
• Samsung (KR)
Request To Free Sample of This Strategic Report ➤ https://www.marketresearchfuture.com/sample_request/2624
Key Market Drivers:
• Urbanization Growth: Increasing urban populations require smart infrastructure solutions.
• Government Initiatives: Smart city projects and policies encourage digital transformation and IoT adoption.
• Sustainability Goals: Growing focus on energy efficiency and reduced environmental impact drives smart city investments.
• Technological Advancements: Adoption of AI, IoT, cloud computing, and big data analytics supports smart city development.
• Improved Quality of Life: Smart transportation, healthcare, and security solutions enhance urban living.
Key Market Opportunities
• Expansion of smart city projects in emerging economies.
• Integration of AI and IoT for intelligent urban management.
• Collaboration between technology providers and municipalities.
• Development of energy-efficient, connected infrastructure.
• Growing investment in smart transportation, waste management, and public safety solutions.
Market Trends & Dynamics
• Rapid deployment of IoT-enabled infrastructure and connected devices.
• Increasing adoption of cloud-based urban management platforms.
• Focus on sustainable and resilient urban development solutions.
• Strategic partnerships among government bodies, tech companies, and research institutions.
• Enhanced adoption of smart mobility, intelligent lighting, and surveillance systems.
Browse In-depth Market Research Report ➤ https://www.marketresearchfuture.com/reports/smart-city-market-2624
Market Segmentation:
By Component:
• Hardware
• Software
• Services
By Application:
• Smart Transportation
• Smart Energy
• Smart Governance
• Smart Healthcare
• Smart Security
By Region:
• North America
• Europe
• Asia Pacific (APAC)
• South America
• Middle East & Africa (MEA)
Buy Now Premium Research Report ➤ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2624
Geographical Insights
• North America: Leads the market due to early adoption of smart city initiatives and advanced digital infrastructure.
• Europe: Growth driven by sustainability initiatives, smart mobility projects, and government policies.
• Asia Pacific: Significant expansion supported by rapid urbanization, government investments, and technological advancements in countries such as China, India, and South Korea.
• South America & MEA: Moderate growth attributed to increasing awareness of smart solutions and emerging urban infrastructure projects.
Future Outlook
The Smart City Market is poised for strong growth over the next decade, supported by technological innovation, government funding, urbanization trends, and sustainability goals. With a projected CAGR of 18.3% (2025-2035), smart city solutions are expected to enhance urban living, improve resource efficiency, and drive digital transformation across global regions.
Browse More Articles:
Smart Homes Buildings Market-https://www.marketresearchfuture.com/reports/smart-homes-buildings-market-29136
Indium Phosphide Compound Semiconductor Market-https://www.marketresearchfuture.com/reports/indium-phosphide-compound-semiconductor-market-31840
Stretchable Electronics Market-https://www.marketresearchfuture.com/reports/stretchable-electronics-market-5826
Smart Speakers Market-https://www.marketresearchfuture.com/reports/smart-speaker-market-2286
Lighting Control System Market-https://www.marketresearchfuture.com/reports/lighting-control-system-market-3822
Wireless Pos Terminal Market-https://www.marketresearchfuture.com/reports/wireless-pos-terminal-market-5600
Foldable Display Market-https://www.marketresearchfuture.com/reports/foldable-display-market-7675
Smart Exoskeleton Market-https://www.marketresearchfuture.com/reports/smart-exoskeleton-market-7979
Organic Semiconductor Market-https://www.marketresearchfuture.com/reports/organic-semiconductor-market-8069
Video Encoder Market-https://www.marketresearchfuture.com/reports/video-encoder-market-8711
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
99 Hudson Street, 5th Floor
New York, New York 10013
Sales: +1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
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 City Market Estimated at USD 2.37 Billion in 2024, Projected to Reach USD 15.05 Billion by 2035 here
News-ID: 4317560 • Views: …
More Releases from market research future
Electronic Waste Recycling Market Valued at USD 34.5 Billion in 2024, Forecast t …
The Electronic Waste Recycling Market is witnessing significant growth due to increasing electronic consumption, environmental concerns, and regulatory mandates for proper disposal and recycling of e-waste. Valued at USD 34.5 Billion in 2024, the market is projected to reach USD 137.61 Billion by 2035, exhibiting a CAGR of 13.4% during the forecast period 2025-2035. The market growth is driven by the rising need for sustainable practices, recovery of precious metals,…
Active Optical Cable Market Accelerates: Projected to Hit USD 9.23 Billion by 20 …
The global Active Optical Cable (AOC) market, a vital sector for modern high-speed data transfer, is entering a phase of rapid expansion. Valued at an estimated USD 3.29 Billion in 2023, the market is forecast to nearly triple, reaching USD 9.23 Billion by 2032. This robust growth is underpinned by a significant Compound Annual Growth Rate (CAGR) of 12.15% during the forecast period from 2024 to 2032.
Key Market Drivers
The…
Voluntary Carbon Credit Market to Reach USD 242.11 Billion by 2035 | CAGR 48.22%
The voluntary carbon credit market has emerged as a crucial mechanism for organizations and individuals seeking to take responsibility for their environmental impact beyond regulatory requirements. Unlike compliance markets that are driven by government mandates, the voluntary market allows companies to offset their greenhouse gas emissions by purchasing carbon credits generated from projects that reduce, remove, or avoid emissions. These projects range from renewable energy installations and reforestation initiatives to…
Digital Therapeutics Market Growth Outlook: USD 82.07 Billion by 2035 With Major …
The Digital Therapeutics Market has evolved into one of the fastest-growing sectors in healthcare innovation and medical technology, reflecting a major shift in treatment delivery priorities, patient engagement strategies and evidence-based digital intervention development. As healthcare providers, payers, pharmaceutical companies and patients increasingly recognize the importance of accessible treatment alternatives, personalized behavioral interventions, real-time outcome monitoring and cost-effective care delivery, the demand for clinically validated software solutions that support chronic…
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…
