Learn about the global smart cities market through The Business Research Company, which provides information on smart cities market size, smart cities market drivers and restraints, smart cities market players, the COVID-19 impact on the smart cities market, and more.

The global smart cities market size is expected to grow from $474.95 billion in 2021 to $566.92 billion in 2022 at a compound annual growth rate (CAGR) of 19.4%. The global smart city market size is expected to grow to $1295.89 billion in 2026 at a CAGR of 23.0%.

The rising urbanization all over the globe is expected to drive the growth of the smart cities market going forward.

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The smart cities market consists of sales of smart cities solutions and services by entities (organizations, sole traders, and partnerships) that employ technology to provide services and solve municipal issues. A smart city employs information and communication technology (ICT) to boost operational performance, share data with the people, and enhance government service and citizen comfort.

Global Smart Cities Market Segments Include:

By Component: Solutions, Services

By Type: Roadways, Railways, Airways

By Application: Smart Governance, Smart Building, Smart Utilities, Smart Transportation, Smart Healthcare, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the smart cities market in 2021.

Technological advancements have emerged as a key trend gaining popularity in the smart cities market. Major companies operating in the smart cities sector are focused on innovative technologies to modernize urban transit infrastructure and deliver fast, efficient, and equitable public transportation.

TBRC’s smart cities market report covers:

Major Market Players: Siemens, Cisco, Hitachi, IBM Corporation, Microsoft, Schneider Electric, Huawei, Intel, ABB, Ericsson, Itron, Oracle, Accenture, Vodafone, Signify, Kapsch, AT&T, Google, TCS, AppyParking, Nokia, Samsung, SAP SE, TomTom N.V., Fujitsu, and Honeywell.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Cities Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides smart cities market overviews, analyzes and forecasts market size, share, smart cities market players, smart cities market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart cities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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