Product Overview

Smart City is a well-connected city that uses diverse ICTs to access information with the public and enhance both public and citizen welfare programs. In past years, this technique has been increasingly used to enhance public safety from the tracking of high crime rates to better preparedness for emergencies with sensors and much more. Intelligent living includes advances that impact the lives of people and allow them to live in a different way. It includes innovative solutions to improve efficiency, control, economy, productivity, integration, and sustainability.

Market Highlights

Global Smart Cities market is expected to project a notable CAGR of 19.24% in 2030.

Global Smart Cities Market to surpass USD 1852.93 billion by 2030 from USD 521.16 billion in 2020 at a CAGR of 19.24% in the coming years, i.e., 2021-30. Due to surging demand for public safety, rapid urbanization, and growing governmental initiatives, the Smart Cities market is projected to expand. Smart cities are commonly used to protect public safety in technologies like video monitoring, DNA phenotyping, real-time licensing plates, as well as face detection, which indicate the need for monitoring to guarantee citizen safety. The intelligent transport component is expected to be the largest market segment in 2020 and is anticipated to grow during the forecast period at a remarkable CAGR.

Global Smart Cities Market: Segments

Services deployment and integration segment to grow with the highest CAGR during 2020-30

Global Smart cities market is segmented by Service building Type into Type, Solutions, and Services deployment and integration. It may be difficult for organizations lacking qualified staff to execute new advanced intelligent building systems. It can also be a challenge to integrate new smart building solutions with existing IT infrastructure. Smart construction solutions can be highly valuable for the implementation of deployed and integrated services in such cases.

Demand response management segment to grow with the highest CAGR during 2020-30

Global Smart Cities Market is divided by Smart utilities into Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, e-Governance. Efficient demand response management governs the distribution management system in the utility sector (DRM). DRM enables the utility sectors to manage and execute DR programs using a single integrated system interfacing commercial, industrial and domestic sites. DRM is one of the most critical tools for managing high loads and has a significant ability to lessen energy supply and demand disparity.

Global Smart Cities Market Dynamics

Drivers

Increasing need for public infrastructure security and communication

The success of smart city initiatives depends in large part on both telecommunications infrastructure and its public safety use. Every city must enhance the development and accessibility of communication platforms in order to realize the concept of intelligent cities openly and efficiently. The key component for all cities to become "intelligent" is access to modern, basic data communications infrastructure. For example, for those cities, fixed networks, mobile networks, and specialized IoT networks are crucial.

Growing Urban population

As the demography and urbanization increase, demand for sustainable infrastructure has become a major driver for growing market. Governments around the world are looking to resolve problems caused by the constantly rising population and urbanization through clever urban initiatives in areas such as mobility, utility management, and security. In addition, increased traffic overcrowding and greenhouse gas emissions are driving intelligent mobility and energy efficiency.

Restraint

Vulnerability to threat-related to IoT

In intelligent city projects, safety and confidentiality is a key area of concern. The susceptibility of the entire ecosystem is high because the ecosystems of intelligent cities rely heavily on IoT and vital access points for various data. Stakeholders, security professionals, and intelligent city planners must tackle problems holistically to ensure that the challenges are not continued to plague the rest of the intelligent network to handle the privacy and security problems in smart cities.

Global Smart Cities Market: Key Players

Cisco Systems (US)

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Ericsson (Sweden)

ABB (Switzerland)

AGT International (Switzerland)

KAPSCH Group (Austria)

IBM (US)

Vodafone (UK)

Honeywell International Inc. (US)

Telensa (England)

Schneider Electric (France)

Siemens AG (Germany)

Other Prominent Players

Global Smart Cities Market: Regions

Global Smart cities market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Smart cities in Asia Pacific held the largest market share of XX.X% in the year 2020. Due to the increased request for smart solutions for power management, network maintenance, and transport, the Asia-Pacific region is estimated to be the fastest booming demand in the forecast time. The need to deliver intelligent solutions for urban areas in order to provide facilities for the rapidly growing population will also be favorably affected by increasing migration to cities.

Global Smart Cities Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Smart Cities Market report also contains analysis on:

Smart Cities Market Segments:

By Service building Type

Type

Solutions

Services deployment and integration

By Smart utilities

Public Safety

Smart Healthcare

Smart Education

Smart Street Lighting

e-Governance

Smart cities market Dynamics

Smart cities market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

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Contents

1. Executive Summary

2. Global Smart cities Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Smart cities Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Smart cities Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Smart cities Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Service building Type: Market Share (2020-2030F)

1. Type , By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Solutions, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Services deployment and integration, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By smart utilities: Market Share (2020-2030F)

1. Public Safety, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Smart Healthcare, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Smart Education, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Smart Street Lighting, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. e-Governance, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Cisco Systems (US)

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Ericsson (Sweden)

3. ABB (Switzerland)

4. AGT International (Switzerland)

5. KAPSCH Group (Austria)

6. IBM (US)

7. Vodafone (UK)

8. Honeywell International Inc. (US)

9. Telensa (England)

10. Schneider Electric (France)

11. Siemens AG (Germany)

12. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)