1. Market Research
  2. > Construction
  3. > Urban Development Market Trends
  4. > Smart City

Smart Cities: Latest Market Trends and Statistics

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
6 votes

Smart cities

Smart cities are relatively new in the urban development jargon and can be defined as technologically-advanced urban regions. A smart city leverages existing and new infrastructure and technologies to develop and deploy services such as libraries, schools, hospitals, water and waste management. A primary feature is using sensors to collect real-time data on the use of services. Strong human capital, social capital, and advanced information and communications technologies are required to build a smart city.

The goal of the smart city applications is to improve city services and transform urban areas. A smart city creates sustainable economic development and a high quality of life by excelling in key areas like the economy, mobility, the environment, day-to-day living and government.

The global smart cities market is forecast to reach $1,134billion over the next few years.

Key vendors in the smart cities market include Honeywell, IBM, Oracle, Accenture and Cisco.

Key Segments

The key segments of the smart home market are smart buildings, security, infrastructure, governance and healthcare.

Smart buildings — This segment consists of green, energy efficient and intelligent buildings with advanced automated infrastructures that control and manage aspects such as lighting and temperature, security and energy consumption independently or with minimal human intervention.

Smart security — Technology and solutions such as video surveillance, public safety long term evolution, and managed security services that are designed to protect people, property, and information are included in this segment.

Smart infrastructure — This segment includes intelligent and automated systems that manage and communicate with different types of infrastructure, such as water, energy and transportation.For instance, smart transportation enables intelligent mobility through the use of innovative integrated technologies and solutions such as low emission cars and multimodal transport systems.

Smart governance — Government policies and digital services which help and support the adoption of green and intelligent solutions through incentives, subsidies or other promotions are core elements of smart cities.

Smart healthcare — eHealth and mHealth systems for health monitoring and diagnostics, together with intelligent and connected medical devices, compose the smart healthcare segment. It also involves the implementation of policies that encourage the health, wellness, and wellbeing of citizens.

Regional Market Shares

North America, Europe and Asia are the major regions for smart city development.

North America is the global pioneer in smart city development. Stringent government regulations to reduce carbon emissions are one reason for the growth of the smart city market in this region. Due to increases in the development of the transportation sector and water infrastructure, this key regional market is expected to increase by more than 10% annually over the next few years.

Read more »

24/7 Customer Support

Talk to Sam

+1 646 893 5945

11 Reports
Market Size, Demand, Company
160 Statistics
Market Size, Finance, Company Financials
68 Reports
Demand, Forecast, Company
380 Statistics
Demand, Market Size, Company
19 Reports
Forecast, Market Size, Demand
120 Statistics
Market Size, Demand, Finance
12 Reports
Market Size, Demand, Forecast
75 Statistics
Market Size, Demand, Finance
19 Reports
Forecast, Demand, Company
130 Statistics
Demand, Market Size, Company
38 Reports
Forecast, Demand, Company
290 Statistics
Market Size, Demand, Company
8 Reports
Demand, Company, Company Financials
17 Statistics
Finance, Company, Company Financials
3 Reports
15 Statistics
Market Size, Demand, Company
5 Reports
Demand, Supply, Forecast
7 Statistics
Company Financials, Finance, Company
3 Reports
Market Size, Forecast
7 Statistics
Supply, Market Size, Company
Search in Smart City Industry (About 300 reports)
Parent industry: Urban Development
Related industries: 

About 100 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 350 - $ 7500)

Global Smart City Market 2016-2020

Smart City Sector: Worldwide Forecast until 2020

  • $ 2500
  • Industry report
  • September 2016
  • by Infiniti Research Limited

About Smart CityA smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured ...

Smart Cities in Africa & the Middle East: Gaining tract ... $ 1195 December 2017

Smart City ICT Infrastructure Sector: Worldwide Forecas ... $ 2500 September 2017

Smart Cities in Asia-Pacific: Smart City Initiatives Ga ... $ 1195 November 2017

Smart Cities in Latin America: Smart Grids and Big Data ... $ 1195 April 2017

Smart Cities Market: Global Forecast until 2022 $ 5650 July 2017

IoT in Europe: Market opportunities and main applicatio ... $ 1195 July 2017

Smart City Scorecard $ 7500 December 2017

Smart Cities of India, 2016–2021 $ 6000 December 2017

Smart City Perspective By Key Regions $ 6000 October 2017

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on