Smart Cities Market by Type (Solution, Service), Application (Govt. & Education, Transportation, Infrastructure, Energy, Security & Disaster Management, Healthcare) and Geography – Global Opportunity Analysis and Industry Forecast, 2014 – 2022
OCTOBER 2016
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Table of Contents
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5
Definitions ............................................................................................................................. 12
1.2
Research Methodology ......................................................................................................... 13
1.3
Market Segmentation ........................................................................................................... 15
Executive Summary ....................................................................................................................... 16 2.1.1
Global Smart Cities Market– Executive Summary ........................................................ 16
2.1.2
Global Trend .................................................................................................................. 17
Market Dynamics .......................................................................................................................... 18 Drivers ................................................................................................................................... 18
3.2
Restraints .............................................................................................................................. 19
3.3
Opportunities ........................................................................................................................ 19
3.4
Premium Trends .................................................................................................................... 19
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3.1
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1.1
Industry Analysis ........................................................................................................................... 20 4.1
Value Chain Analysis ............................................................................................................. 20
4.2
Ecosystem ............................................................................................................................. 21
4.3
Industry Overview ................................................................................................................. 23
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Market Overview .......................................................................................................................... 12
Smart Cities Markets, By Type ...................................................................................................... 25 5.1
Overview ............................................................................................................................... 25
5.1.1
Global Smart Cities Market Share (%), By Type, 2016 & 2022...................................... 25
5.1.2
Global Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ......................... 26
5.1.3
Global Smart Cities Market Size (US$ billion), By Type 2016 & 2022 ........................... 26
5.2
Smart Cities Solutions ........................................................................................................... 27
5.2.1 5.3
Global Smart Cities Solutions Market Size (US$ billion), By Region (2014 – 2022) ...... 27
Smart Cities Services ............................................................................................................. 27
5.3.1 6
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Global Smart Cities Services Market Size (US$ billion), By Region (2014 – 2022) ........ 27
Smart Cities Market, By Application ............................................................................................. 28 6.1
Overview ............................................................................................................................... 28
6.1.1
Global Smart Cities Market Share (%), By Application, 2016 & 2022 ........................... 28
6.1.2
Global Smart Cities Market Size (US$ billion), By Application (2014 – 2022) ............... 29
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6.1.3 6.2
Global Smart Cities Market Size (US$ billion), By Application, 2016 & 2022................ 29
Government & Education ..................................................................................................... 30
6.2.1 Global Smart Cities Market Size (US$ billion) for Government & Education Application, By Region (2014 – 2022) ............................................................................................................... 30 6.3
Transportation ...................................................................................................................... 30
6.3.1 Global Smart Cities Market Size (US$ billion) for Transportation Application, By Region (2014 – 2022) ................................................................................................................................ 30 6.4
Infrastructure ........................................................................................................................ 31
6.5 Global Smart Cities Market Size (US$ billion) for Infrastructure Application, By Region (2014 – 2022) .................................................................................................................................... 31 6.6
Energy ................................................................................................................................... 31
6.6.1 2022)
Security & Disaster Management ......................................................................................... 32
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6.7
Global Smart Cities Market Size (US$ billion) for Energy Application, By Region (2014 – 31
6.8
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6.7.1 Global Smart Cities Market Size (US$ billion) for Security & Disaster Management Application, By Region (2014 – 2022) ........................................................................................... 32 Healthcare ............................................................................................................................. 32
Smart Cities Market, By Geography .............................................................................................. 33 7.1
Overview ............................................................................................................................... 33
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6.8.1 Global Smart Cities Market Size (US$ billion) for Healthcare Applications, By Region (2014 – 2022) ................................................................................................................................ 32
7.1.1
Global Smart Cities Market Share (%), By Geography, 2016 & 2022 ........................... 33
7.1.2
Global Smart Cities Market Size (US$ billion), By Geography (2014 – 2022) ............... 34
7.1.3
Global Smart Cities Market Size (US$ billion), By Geography, 2016 & 2022 ................ 34
7.2
North America ....................................................................................................................... 35
7.2.1
North America Smart Cities Market Share (%), By Country, 2016 & 2022 .................. 35
7.2.2
North America Smart Cities Market Size (US$ billion), By Country (2014 – 2022) ....... 35
7.2.3
North America Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 ........ 35
7.2.3.1
U.S. ............................................................................................................................ 36
7.2.3.1.1 Smart Cities Market in U.S., Market Size (US$ billion), 2014 - 2022 .................. 36 7.2.3.2
Canada ...................................................................................................................... 37
7.2.3.2.1 Smart Cities Market in Canada, Market Size (US$ billion), 2014 - 2022 ............. 37 7.2.4
North America Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ............ 37
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7.2.5 7.3
North America Smart Cities Market Size (US$ billion), By Application (2014 – 2022).. 37
Europe ................................................................................................................................... 38
7.3.1
Europe Smart Cities Market Share (%), By Country, 2016 & 2022 ............................... 38
7.3.2
Europe Smart Cities Market Size (US$ billion), By Country (2014 – 2022) ................... 39
7.3.3
Europe Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 .................... 39
7.3.3.1
France........................................................................................................................ 40
7.3.3.1.1 Smart Cities Market in France, Market Size (US$ billion), 2014 - 2022 .............. 40 7.3.3.2
Germany.................................................................................................................... 40
7.3.3.2.1 Smart Cities Market in Germany, Market Size (US$ billion), 2014 - 2022 .......... 40 7.3.3.3
U.K ............................................................................................................................. 40
7.3.3.3.1 Smart Cities Market in U.K, Market Size (US$ billion), 2014 - 2022 ................... 40 Spain .......................................................................................................................... 41
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7.3.3.4
7.3.3.4.1 Smart Cities Market in Spain, Market Size (US$ billion), 2014 - 2022 ................ 41 Italy............................................................................................................................ 41
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7.3.3.5
7.3.3.5.1 Smart Cities Market in Italy, Market Size (US$ billion), 2014 - 2022 .................. 41 7.3.3.6
Rest of Europe ........................................................................................................... 41
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7.3.3.6.1 Smart Cities Market in Rest of Europe, Market Size (US$ billion), 2014 - 2022 . 41 Europe Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ........................ 42
7.3.5
Europe Smart Cities Market Size (US$ billion), By Application (2014 – 2022) .............. 42
7.4
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7.3.4
Asia-Pacific ............................................................................................................................ 43
7.4.1
Asia-Pacific Smart Cities Market Share (%), By Country, 2016 & 2022 ......................... 43
7.4.2
Asia-Pacific Smart Cities Market Size (US$ billion), By Country (2014 – 2022) ............ 44
7.4.3
Asia-Pacific Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 ............. 44
7.4.3.1
China ......................................................................................................................... 45
7.4.3.1.1 Smart Cities Market in China, Market Size (US$ billion), 2014 - 2022 ................ 45 7.4.3.2
India........................................................................................................................... 45
7.4.3.2.1 Smart Cities Market in India, Market Size (US$ billion), 2014 - 2022 ................. 45 7.4.3.3
South Korea ............................................................................................................... 45
7.4.3.3.1 Smart Cities Market in South Korea, Market Size (US$ billion), 2014 - 2022 ..... 45 7.4.3.1
Australia .................................................................................................................... 46
7.4.3.1.1 Smart Cities Market in Australia, Market Size (US$ billion), 2014 - 2022........... 46
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7.4.3.2
Rest of Asia-Pacific .................................................................................................... 47
7.4.3.2.1 Smart Cities Market in Rest of Asia-Pacific, Market Size (US$ billion), 2014 2022 47 7.4.4
Asia-Pacific Smart Cities Market Size (US$ billion), By Type (2014 – 2022).................. 47
7.4.5
Asia-Pacific Smart Cities Market Size (US$ billion), By Application (2014 – 2022) ....... 48
7.5
Middle East & Africa ............................................................................................................. 49
7.5.1
Middle East & Africa Smart Cities Market Share (%), By Country, 2016 & 2022 .......... 49
7.5.2
Middle East & Africa Smart Cities Market Size (US$ billion), By Region (2014 – 2022) 50
7.5.3
Middle East & Africa Smart Cities Market Size (US$ billion), By Region, 2016 & 2022 50
7.5.3.1
GCC ............................................................................................................................ 51
7.5.3.1.1 Smart Cities Market in GCC, Market Size (US$ billion), 2014 - 2022 .................. 51 7.5.3.2
Israel .......................................................................................................................... 51
South Africa ............................................................................................................... 51
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7.5.3.2.1 Smart Cities Market in Israel, Market Size (US$ billion), 2014 - 2022 ................ 51
7.5.3.3.1 Smart Cities Market in South Africa, Market Size (US$ billion), 2014 - 2022 ..... 51 7.5.3.4
Rest of Middle East & Africa ..................................................................................... 52
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7.5.3.4.1 Smart Cities Market in Rest of Middle East & Africa, Market Size (US$ billion), 2014 - 2022 ........................................................................................................................... 52 Middle East & Africa Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ... 52
7.5.5 2022)
Middle East & Africa Smart Cities Market Size (US$ billion), By Application (2014 – 53
7.6
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7.5.4
Latin America ........................................................................................................................ 54
7.6.1
Latin America Smart Cities Market Share (%), By Country, 2016 & 2022 ..................... 54
7.6.2
Latin America Smart Cities Market Size (US$ billion), By Country (2014 – 2022)......... 55
7.6.3
Latin America Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 ......... 55
7.6.3.1
Argentina................................................................................................................... 56
7.6.3.1.1 Smart Cities Market in Argentina, Market Size (US$ billion), 2014 - 2022 ......... 56 7.6.3.1
Brazil.......................................................................................................................... 56
7.6.3.1.1 Smart Cities Market in Brazil, Market Size (US$ billion), 2014 - 2022 ................ 56 7.6.3.2
Mexico ....................................................................................................................... 56
7.6.3.2.1 Smart Cities Market in Mexico, Market Size (US$ billion), 2014 - 2022 ............. 56 7.6.3.3
Rest of Latin America ................................................................................................ 57
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7.6.3.3.1 Smart Cities Market in Rest of Latin America, Market Size (US$ billion), 2014 2022 57 Latin America Smart Cities Market Size (US$ billion), By Type (2014 – 2022).............. 57
7.6.5
Latin America Smart Cities Market Size (US$ billion), By Application (2014 – 2022) ... 58
Competitive Landscape ................................................................................................................. 59 8.1
Key Market Players ....................................................................................................................... 61 9.1
General Electric Company ..................................................................................................... 61
9.1.1
Overview ....................................................................................................................... 61
9.1.2
Key Strategies................................................................................................................ 61
9.1.3
Recent Developments ................................................................................................... 61
9.2
IBM Corporation ................................................................................................................... 63 Overview ....................................................................................................................... 63
9.2.2
Key Strategies................................................................................................................ 63
9.2.3
Recent Developments ................................................................................................... 63
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9.2.1
SAP SE.................................................................................................................................... 65
9.3.1
Overview ....................................................................................................................... 65
9.3.2
Key Strategies................................................................................................................ 65
9.3.3
Recent Developments ................................................................................................... 65
9.4
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Key Innovators ...................................................................................................................... 59
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7.6.4
Accenture plc ........................................................................................................................ 67
9.4.1
Overview ....................................................................................................................... 67
9.4.2
Key Strategies................................................................................................................ 67
9.4.3
Recent Developments ................................................................................................... 67
9.5
Cisco Systems, Inc. ................................................................................................................ 69
9.5.1
Overview ....................................................................................................................... 69
9.5.2
Key Strategies................................................................................................................ 69
9.5.3
Recent Developments ................................................................................................... 69
9.6
Schneider Electric SE ............................................................................................................. 71
9.6.1
Overview ....................................................................................................................... 71
9.6.2
Key Strategies................................................................................................................ 71
9.6.3
Recent Developments ................................................................................................... 71
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9.7
ABB Ltd. ................................................................................................................................. 72
9.7.1
Overview ....................................................................................................................... 72
9.7.2
Key Strategies................................................................................................................ 72
9.7.3
Recent Developments ................................................................................................... 72
9.8
Hitachi Ltd. ............................................................................................................................ 74
9.8.1
Overview ....................................................................................................................... 74
9.8.2
Key Strategies................................................................................................................ 74
9.8.3
Recent Developments ................................................................................................... 74
9.9
Alstom SA .............................................................................................................................. 76 Overview ....................................................................................................................... 76
9.9.2
Key Strategies................................................................................................................ 76
9.9.3
Recent Developments ................................................................................................... 76
9.10
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9.9.1
Siemens AG ........................................................................................................................... 78 Overview ....................................................................................................................... 78
9.10.2
Key Strategies................................................................................................................ 78
9.10.3
Recent Developments ................................................................................................... 78
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10 SCALAR 360 Degree Market Perspective ...................................................................................... 80
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11 Appendix ....................................................................................................................................... 81 Acronyms .............................................................................................................................. 81
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List of Tables Table 1.
Definitions ......................................................................................................................... 12
Table 2.
Global Smart Cities Market – Executive Summary ........................................................... 16
Table 3.
Global Smart Cities Market Drivers ................................................................................... 18
Table 4.
Global Smart Cities Market Restraints .............................................................................. 19
Table 5.
Global Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ............................. 26
Table 6.
Global Smart Cities Solutions Market Size (US$ billion), By Region (2014 – 2022) .......... 27
Table 7.
Global Smart Cities Services Market Size (US$ billion), By Region (2014 – 2022) ............ 27
Table 8.
Global Smart Cities Market Size (US$ billion), By Application (2015 – 2022) ................... 29
Table 9. Global Smart Cities Market Size (US$ billion)for Government & Education Application, By Region (2015 – 2022) ............................................................................................................................ 30
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Table 10. Global Smart Cities Market Size (US$ billion) for Transportation Application, By Region (2014 – 2022) ........................................................................................................................................ 30
Global Smart Cities Market Size (US$ billion) for Energy Application, By Region (2014 – 31
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Table 12. 2022)
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Table 11. Global Smart Cities Market Size (US$ billion) for Infrastructure Application, By Region (2014 – 2022) ........................................................................................................................................ 31
Table 13. Global Smart Cities Market Size (US$ billion) for Security & Disaster Management Application, By Region (2014 – 2022) ................................................................................................... 32
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Table 14. Global Smart Cities Market Size (US$ billion) for Healthcare Applications, By Region (2014 – 2022) ........................................................................................................................................ 32 Table 15.
Global Smart Cities Market Size (US$ billion), By Geography (2014 – 2022) ................... 34
Table 16.
North America Smart Cities Market Size (US$ billion), By Country (2014 – 2022) ........... 35
Table 17.
Smart Cities Market in U.S., Market Size (US$ billion), 2014 - 2022 ................................ 36
Table 18.
Smart Cities Market in Canada, Market Size (US$ billion), 2014 - 2022 ........................... 37
Table 19.
North America Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ................ 37
Table 20.
North America Smart Cities Market Size (US$ billion), By Application (2014 – 2022)...... 37
Table 21.
Europe Smart Cities Market Size (US$ billion), By Country (2014 – 2022) ....................... 39
Table 22.
Smart Cities Market in France, Market Size (US$ billion), 2014 - 2022 ............................ 40
Table 23.
Smart Cities Market in Germany, Market Size (US$ billion), 2014 - 2022 ........................ 40
Table 24.
Smart Cities Market in U.K, Market Size (US$ billion), 2014 - 2022 ................................. 40
Table 25.
Smart Cities Market in Spain, Market Size (US$ billion), 2014 - 2022 .............................. 41
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Smart Cities Market in Italy, Market Size (US$ billion), 2014 - 2022 ................................ 41
Table 27.
Smart Cities Market in Rest of Europe, Market Size (US$ billion), 2014 - 2022 ............... 41
Table 28.
Europe Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ............................ 42
Table 29.
Europe Smart Cities Market Size (US$ billion), By Application (2014 – 2022) .................. 42
Table 30.
Asia-Pacific Smart Cities Market Size (US$ billion), By Country (2014 – 2022) ................ 44
Table 31.
Smart Cities Market in China, Market Size (US$ billion), 2014 - 2022 .............................. 45
Table 32.
Smart Cities Market in India, Market Size (US$ billion), 2014 - 2022 ............................... 45
Table 33.
Smart Cities Market in South Korea, Market Size (US$ billion) and Y-o-Y Growth (%)..... 45
Table 34.
Smart Cities Market in Australia, Market Size (US$ billion), 2014 - 2022 ......................... 46
Table 35.
Smart Cities Market in Rest of Asia-Pacific, Market Size (US$ billion), 2014 - 2022......... 47
Table 36.
Asia-Pacific Smart Cities Market Size (US$ billion), By Type (2014 – 2022)...................... 47
Table 37.
Asia-Pacific Smart Cities Market Size (US$ billion), By Application (2014 – 2022) ........... 48
Table 38.
Middle East & Africa Smart Cities Market Size (US$ billion), By Region (2014 – 2022).... 50
Table 39.
Smart Cities Market in GCC, Market Size (US$ billion), 2014 - 2022 ................................ 51
Table 40.
Smart Cities Market in Israel, Market Size (US$ billion), 2014 - 2022 .............................. 51
Table 41.
Smart Cities Market in South Africa, Market Size (US$ billion), 2014 - 2022 ................... 51
Table 42. 2022
Smart Cities Market in Rest of Middle East & Africa, Market Size (US$ billion), 2014 52
Table 43.
Middle East & Africa Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ....... 52
Table 44.
Middle East & Africa Smart Cities Market Size (US$ billion), By Application (2014 – 2022) 53
Table 45.
Latin America Smart Cities Market Size (US$ billion), By Country (2014 – 2022)............. 55
Table 46.
Smart Cities Market in Argentina, Market Size (US$ billion), 2014 - 2022 ....................... 56
Table 47.
Smart Cities Market in Brazil, Market Size (US$ billion), 2014 - 2022 .............................. 56
Table 48.
Smart Cities Market in Mexico, Market Size (US$ billion), 2014 - 2022 ........................... 56
Table 49.
Smart Cities Market in Rest of Latin America, Market Size (US$ billion), 2014 - 2022 ..... 57
Table 50.
Latin America Smart Cities Market Size (US$ billion), By Type (2014 – 2022).................. 57
Table 51.
Latin America Smart Cities Market Size (US$ billion), By Application (2014 – 2022) ....... 58
Table 52.
List of Acronyms ................................................................................................................ 81
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Table 26.
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List of Figures Figure 1.
Research Approach ........................................................................................................... 13
Figure 2.
Smart Cities Market, By Types .......................................................................................... 15
Figure 3.
Smart Cities Market, By Application ................................................................................. 15
Figure 4.
Smart Cities Market, By Region ........................................................................................ 15
Figure 5.
Smart Cities Value Chain Analysis ..................................................................................... 20
Figure 6.
Smart Cities Ecosystem ..................................................................................................... 21
Figure 7. countries
Industry Analysis with respect to technology readiness and government initiative in top ........................................................................................................................................... 23
Figure 8.
Global Smart Cities Market Share (%), By Type, 2016 & 2022.......................................... 25
Figure 9.
Global Smart Cities Market Size (US$ billion), By Type 2016 & 2022 ............................... 26 Global Smart Cities Market Share (%), By Application, 2016 & 2022 ........................... 28
Figure 11.
Global Smart Cities Market Size (US$ billion), By Application, 2016 & 2022................ 29
Figure 12.
Global Smart Cities Market Share (%), By Geography, 2016 & 2022 ............................ 33
Figure 13.
Global Smart Cities Market Size (US$ billion), By Geography, 2016 & 2022 ................ 34
Figure 14.
North America Smart Cities Market Share (%), By Country, 2016 & 2022 ................... 35
Figure 15.
North America Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 ........ 35
Figure 16.
Europe Smart Cities Market Share (%), By Country, 2016 & 2022 ............................... 38
Figure 17.
Europe Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 .................... 39
Figure 18.
Asia-Pacific Smart Cities Market Share (%), By Country, 2016 & 2022 ......................... 43
Figure 19.
Asia-Pacific Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 ............. 44
Figure 20.
Middle East & Africa Smart Cities Market Share (%), By Country, 2016 & 2022 .......... 49
Figure 21.
Middle East & Africa Smart Cities Market Size (US$ billion), By Region, 2016 & 2022 50
Figure 22.
Latin America Smart Cities Market Share (%), By Country, 2016 & 2022 ..................... 54
Figure 23.
Latin America Smart Cities Market Size (US$ billion), By Country, 2016 & 2022 ......... 55
Figure 24.
Focused Area for Applications, by Major Players (2015) .............................................. 59
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Figure 10.
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1 Market Overview 1.1 Definitions 'Smart city' is a wide concept of urban modernization and involvement of various smart applications such as smart governance, smart infrastructure, smart transportation, smart energy and many others. The 'smart' terminology has evolved from innovative technological integration with sophisticated lifestyle in an eco-friendly environment. Smart city creates space for communal development with a technology centric way. The specific applications that a smart city deals with, are explained below. Table 1.
Definitions Definition
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Application
Digital services in government promotion, planning, and grievance handling
Smart Transportation
Multimodal mobility systems, low emission, and automated transit modes
Smart Infrastructure
Automated networking, telecommunication, innovative power distribution, water and waste management systems
Smart Energy
Smart meters, grid management, power networks, energy transmission, and intelligent power source utilization
Smart Healthcare Smart Education
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Smart Security
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Smart Governance
Self monitoring surveillance, managed security services, people safety LTE technology Intelligent and self communicate medical devices, innovative policy making solutions for citizen wellness K 12 education, e-learning, e-library
Source: Scalar Market Research Analysis
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1.2 Research Methodology The research methodology for market research reports at Scalar Market Research includes a combination of top-down and bottom-up research formats. Continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensure high quality data that can be leveraged for actionable insights. Scalar Market Research’s research methodology starts with extensive secondary research. Important secondary sources include SEC filings, annual reports, financial reports, investor presentations, and technical & industry publications. Secondary research helps build a comprehensive map of the structure of the market. It helps identify key players in all market segments and helps build their profiles by identifying their financials, product portfolios, and growth strategies. It also identifies
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qualitative market factors like regulatory scenario, patent estates, and market
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Figure 1. Research Approach
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developments.
Source: Scalar Market Research Analysis
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A bottom-up market sizing format is used to arrive at the top-line market size. Revenues of key market players used to arrive at the market-specific revenues of each key market player. A process of inward bracketing is used to arrive at the market-specific revenues for each key market player. The market specific revenues are combined to arrive at the top-line global market size. Segment-specific and regional market sizes are estimated through top-down market sizing. Data synthesis and triangulation techniques are used to develop the market model. The model represents current consensus market opinion. The market estimates from the model are used to generate reports that include qualitative and quantitative
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insights about the market.
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1.3 Market Segmentation Figure 2. Smart Cities Market, By Types
Smart Cities Market, By Type Solutions
Services
Source: Scalar Market Research Analysis
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Figure 3. Smart Cities Market, By Application
Transportation
Infrastructure
Security & Disaster Management
Healthcare
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Source: Scalar Market Research Analysis
Energy
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Govt. & Education
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Smart Cities Market, By Application
Figure 4. Smart Cities Market, By Region
Smart Cities Market, By Region North America
Europe
Asia-Pacific
Source: Scalar Market Research Analysis
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Middle East & Africa
Latin America
2 Executive Summary 2.1.1 Global Smart Cities Market– Executive Summary Table 2.
Global Smart Cities Market – Executive Summary Market Size (US$ Billions) 2016
2022
CAGR% (2016 – 2022)
345.50
1088.25
17.98
Global Smart Cities Market Total
Type
Largest Segment, by Revenue - Solution
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Largest Segment, by Revenue Infrastructure
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Fastest Growing Segment - Energy Largest Segment, by Revenue - Europe Fastest Growing Segment - APAC
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Source: Scalar Market Research Analysis
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Region
Application
Fastest Growing Segment - Service
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2.1.2 Global Trend 380.89 337.36
US$ billion
228.53 167.69 120.53 84.34
64.19
57.13 28.98
North America
Europe
Asia-Pacific 2016
MEA
22.16
Latin America
2022
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Source: Scalar Market Research Analysis
Today smart cities have become one of the top most agenda in government's development planning. According to sources, it has been found that European
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countries are well ahead in deploying smart cities concept, hence creating valued space for their citizen's life and creating a whole new environment towards human
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wellness. Trending social communities and living pattern have shown a strong inclination towards smart lifestyle adoption. Top global smart cities such as Stockholm, London, Copenhagen, Singapore, Oslo, and many others have revealed greater potential in urban development and trending investment towards smart worthiness of the modern cities.
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3 Market Dynamics The global smart cities market has seen elevated growth in the recent years through technological adoption and increased IoT trends in several developed economies. Especially North America and Europe have played a significant role with their improved technology readiness index and elevated technological approaches in urbanization. However, there are some external as well as internal factors which are influencing this market in some or the other way. These factors are classified into drivers, restraints, opportunities, and trends.
3.1 Drivers Table 3.
Global Smart Cities Market Drivers 2014-16
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Drivers
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Increase in number of government initiatives towards smart cities development
Source: Scalar Market Research Analysis
Note:
â—? Very High Impact, â—• High Impact, â—‘ Medium Impact
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2017- 19
2020-22
4 Industry Analysis 4.1 Value Chain Analysis Value chain of the global smart cities market comprises several functioning bodies, such as:
Planning Bodies
Management Solution Providers
Infrastructure Providers
End-users
Figure 5. Smart Cities Value Chain Analysis
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MANAGEMENT
INFRASTRUCTURE
• Local Authority • Communities • University • Study Center
END-USERS
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PLANNING
• Smart Grids • Water Management • Smart Devices and Sensors • Smart Surveillance
• ERP Solution • BigData Analytics
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• City Planning • Law Enforcement • Policy Making • City Proposals • Consultancy
Source: Scalar Market Research Analysis
Smart cities value chain delivers through its first phase of strategic planning with outsourced consulting partners such as Crisil Ltd, McKinsey & Company, and few others provide adequate planning in city development. Solution providers enhance data analytics and amplifies all the city functions, which is believed as the foremost innovative part of smart city life style. Companies like General Electric Company, ABB Ltd., Siemens AG, and others help civic bodies creating city's smart infrastructures through advanced sensors, smart grids, efficient waste management
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4.3 Industry Overview
HIGH
Figure 7. Industry Analysis with respect to technology readiness and government initiative in top countries
Finland U.K.
Australia
Canada
Israel UAE
Germany Sweden
Netherlands
Singapore
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New Zealand
Luxembourg
Japan Hong Kong South Africa Bahrain China
LOW
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LOW
India
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Brazil
Qatar
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Technology Readiness
U.S. Norway
Govt. Initiative
HIGH
Source: Scalar Market Research Analysis; World Economic Forum
NB: The above figure represents the analysis of countries with respect to technology readiness for modern urbanization and government initiative taken in hyper city development. Both the parameters have been given a range on a scale of 3 (LOW) to 7 (HIGH). From the prospective Scalar Market Research analysis, it is shown that most of the European countries are equipped with right kind of technology to augment the smart cities development. Countries such as Sweden, Norway, U.K., Germany, Finland, and others score well in the technology readiness index as compared to other regions. 'ICT for Everyone' initiative by the
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5 Smart Cities Markets, By Type 5.1 Overview Smart cities market is primarily segmented into two types of offerings, that is solution and service. According to the analysis, it is expected that the solution holds the majority of the market throughout the forecasted period. However, service type is anticipated to show a higher growth rate, due to growth in maintenance of infrastructure and smart utilities solutions. 
The global smart cities solution is believed to be in growing stage, as many regions yet to hit top ranking in hyper city development programs. Europe has shown significant adoption of smart solutions in city modernization, thus services are expected to follow the solution timeframe and maintain growth
E
rate in forthcoming period.
PL
5.1.1 Global Smart Cities Market Share (%), By Type, 2016 & 2022
35.1%
SA
M
Figure 8. Global Smart Cities Market Share (%), By Type, 2016 & 2022
Solutions
39.7%
2022
2016
60.3%
64.9%
Services
Source: Scalar Market Research Analysis
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5.1.2 Global Smart Cities Market Size (US$ billion), By Type (2014 – 2022) Table 5. Type
Global Smart Cities Market Size (US$ billion), By Type (2014 – 2022) 2014
2015
2016
2017
2018
2019
2020
2021
2022
CAGR%(2016-2022)
Solutions Services Total
17.98%
Source: Scalar Market Research Analysis
E
5.1.3 Global Smart Cities Market Size (US$ billion), By Type 2016 & 2022 Figure 9. Global Smart Cities Market Size (US$ billion), By Type 2016 & 2022
M
431.84
262.06
SA
US$ billion
PL
656.41
141.49
2016
2022
Solutions Source: Scalar Market Research Analysis
26
Services
6 Smart Cities Market, By Application 6.1 Overview In the present time, Smart Cities is attaining high growth rate with many government initiatives towards city development and hyper urbanization. With increase in number of city dwellers and shift in smart lifestyle adoption, city administrations are becoming more concerned by integrating newest technology in mobility, utilities, and infrastructure developments. The global smart cities market is categorized by applications as government & education, transportation, infrastructure, energy, security & disaster management, and healthcare. Among these, infrastructure application is expected to hold major chunk of the market share with energy as the as the application with highest CAGR of XX%.
E
6.1.1 Global Smart Cities Market Share (%), By Application, 2016 & 2022
15.7%
18.1%
SA
14.4%
14.4%
Govt. & Education 17.3%
Transportation Infrastructure
13.7%
12.2%
2016
17.0%
M
PL
Figure 10. Global Smart Cities Market Share (%), By Application, 2016 & 2022
13.5%
2022
Energy
19.3%
22.5%
21.8%
Security & Disaster Management Healthcare
Source: Scalar Market Research Analysis
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6.1.2 Global Smart Cities Market Size (US$ billion), By Application (2014 – 2022) Table 8.
Global Smart Cities Market Size (US$ billion), By Application (2015 – 2022)
Application
2014
2015
2016
2017
2018
2019
2020
2021
2022
CAGR%( 20162022)
Govt. & Education Transportation Infrastructure Energy Security & Disaster Management Healthcare 17.98%
E
Total
PL
Source: Scalar Market Research Analysis
M
6.1.3 Global Smart Cities Market Size (US$ billion), By Application, 2016 & 2022
US$ billion
188.30
SA
Figure 11. Global Smart Cities Market Size (US$ billion), By Application, 2016 & 2022 236.92
209.80
149.35
147.35
156.53
90.95 73.23
68.70 49.33
Govt. & Education
Transportation
Infrastructure
2016 Source: Scalar Market Research Analysis
29
Energy
2022
58.00
Security & Disaster Management
63.33
Healthcare
7 Smart Cities Market, By Geography 7.1 Overview In the present time, smart cities are attaining high growth in both developed and developing countries. Global smart cities market is segmented into several geographical regions such as North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America (LATAM). Among these Europe is the biggest market holding more than 40% of total smart cities market. 7.1.1 Global Smart Cities Market Share (%), By Geography, 2016 & 2022 Figure 12. Global Smart Cities Market Share (%), By Geography, 2016 & 2022 North America 7.8%
7.2% 29.9%
31.0%
PL
15.9%
21.0%
SA
M
2016
41.6%
E
5.2%
5.5%
Source: Scalar Market Research Analysis
33
2022
35.0%
Europe
Asia- Pacific
MEA
Latin America
7.1.2 Global Smart Cities Market Size (US$ billion), By Geography (2014 – 2022) Table 15. Global Smart Cities Market Size (US$ billion), By Geography (2014 – 2022) Geography
2014
2015
2016
2017
2018
2019
2020
2021
2022
CAGR% (20162022)
North America Europe Asia-Pacific MEA Latin America Total
17.98%
E
Source: Scalar Market Research Analysis
PL
7.1.3 Global Smart Cities Market Size (US$ billion), By Geography, 2016 & 2022
M
Figure 13. Global Smart Cities Market Size (US$ billion), By Geography, 2016 & 2022 380.89
US$ billion
SA
337.36
228.53
167.69
120.53 84.34
64.19
57.13 28.98
North America
Europe
Asia-Pacific 2016
Source: Scalar Market Research Analysis
34
2022
MEA
22.16
Latin America
8 Competitive Landscape Figure 24. Focused Area for Applications, by Major Players (2015)
Government
Infrastructure
Transportation
Energy
Security
Healthcare
Source: Scalar Market Research Analysis
● High, ◕ Medium, ◑ Low
SA
8.1 Key Innovators
M
Note:
PL
E
COMPANY
Arup Group Limited
Arup Group Ltd., a U.K. based consultancy firm deals in urban planning and provides innovative solutions to the leading cities across the globe. The company is in the process of developing a innovative urban energy solution, which is expected to bring in low carbon emission, elevated supply of renewable energy and longevity in energy affordability. The particular solution is going to be presented in 23rd 'World Energy Congress', Istanbul, Turkey.
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11 Appendix 11.1 Acronyms Table 52. List of Acronyms Acronym
Expansion Asia-Pacific
APJ
Asia-Pacific, Japan
APJC
Asia-Pacific, Japan, China
CAGR
Compound Annual Growth Rate
CIS
Commonwealth of Independent States
EMEA
Europe, Middle East & Africa
GCC
Gulf Corporation Council
Govt.
Government
ICT
Information & Communications Technology
IoT
Internet of Things
LTE
Long-term Evolution
PL
SA
M
UAE U.K.
United Kingdom
U.S.
United States of America
Y-o-Y
Year on year
MEA RoW
E
APAC
Middle East & Africa Rest of World
United Arab Emirates
Source: Scalar Market Research Analysis
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