smart cities market forecast to 2022 by scalar market research

1

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

2

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Table of Contents

1 Market Overview .......................................................................................................................... 12

1.1 Definitions ............................................................................................................................. 12

1.2 Research Methodology ......................................................................................................... 13

1.3 Market Segmentation ........................................................................................................... 15

2 Executive Summary ....................................................................................................................... 16

2.1.1 Global Smart Cities Market– Executive Summary ........................................................ 16

2.1.2 Global Trend .................................................................................................................. 17

3 Market Dynamics .......................................................................................................................... 18

3.1 Drivers ................................................................................................................................... 18

3.2 Restraints .............................................................................................................................. 19

3.3 Opportunities ........................................................................................................................ 19

3.4 Premium Trends .................................................................................................................... 19

4 Industry Analysis ........................................................................................................................... 20

4.1 Value Chain Analysis ............................................................................................................. 20

4.2 Ecosystem ............................................................................................................................. 21

4.3 Industry Overview ................................................................................................................. 23

5 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 Global Smart Cities Solutions Market Size (US$ billion), By Region (2014 – 2022) ...... 27

5.3 Smart Cities Services ............................................................................................................. 27

5.3.1 Global Smart Cities Services Market Size (US$ billion), By Region (2014 – 2022) ........ 27

6 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 Global Smart Cities Market Size (US$ billion), By Application, 2016 & 2022 ................ 29

6.2 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 Global Smart Cities Market Size (US$ billion) for Energy Application, By Region (2014 –

2022) 31

6.7 Security & Disaster Management ......................................................................................... 32

6.7.1 Global Smart Cities Market Size (US$ billion) for Security & Disaster Management

Application, By Region (2014 – 2022) ........................................................................................... 32

6.8 Healthcare ............................................................................................................................. 32

6.8.1 Global Smart Cities Market Size (US$ billion) for Healthcare Applications, By Region

(2014 – 2022) ................................................................................................................................ 32

7 Smart Cities Market, By Geography .............................................................................................. 33

7.1 Overview ............................................................................................................................... 33

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 North America Smart Cities Market Size (US$ billion), By Application (2014 – 2022) .. 37

7.3 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

7.3.3.4 Spain .......................................................................................................................... 41

7.3.3.4.1 Smart Cities Market in Spain, Market Size (US$ billion), 2014 - 2022 ................ 41

7.3.3.5 Italy ............................................................................................................................ 41

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

7.3.3.6.1 Smart Cities Market in Rest of Europe, Market Size (US$ billion), 2014 - 2022 . 41

7.3.4 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 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

7.5.3.2.1 Smart Cities Market in Israel, Market Size (US$ billion), 2014 - 2022 ................ 51

7.5.3.3 South Africa ............................................................................................................... 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

7.5.3.4.1 Smart Cities Market in Rest of Middle East & Africa, Market Size (US$ billion),

2014 - 2022 ........................................................................................................................... 52

7.5.4 Middle East & Africa Smart Cities Market Size (US$ billion), By Type (2014 – 2022) ... 52

7.5.5 Middle East & Africa Smart Cities Market Size (US$ billion), By Application (2014 –

2022) 53

7.6 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

7.6.4 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

8 Competitive Landscape ................................................................................................................. 59

8.1 Key Innovators ...................................................................................................................... 59

9 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

9.2.1 Overview ....................................................................................................................... 63

9.2.2 Key Strategies ................................................................................................................ 63


9.3 SAP SE .................................................................................................................................... 65

9.3.1 Overview ....................................................................................................................... 65

9.3.2 Key Strategies ................................................................................................................ 65


9.4 Accenture plc ........................................................................................................................ 67

9.4.1 Overview ....................................................................................................................... 67

9.4.2 Key Strategies ................................................................................................................ 67


9.5 Cisco Systems, Inc. ................................................................................................................ 69

9.5.1 Overview ....................................................................................................................... 69

9.5.2 Key Strategies ................................................................................................................ 69


9.6 Schneider Electric SE ............................................................................................................. 71

9.6.1 Overview ....................................................................................................................... 71

9.6.2 Key Strategies ................................................................................................................ 71


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9.7 ABB Ltd. ................................................................................................................................. 72

9.7.1 Overview ....................................................................................................................... 72

9.7.2 Key Strategies ................................................................................................................ 72


9.8 Hitachi Ltd. ............................................................................................................................ 74

9.8.1 Overview ....................................................................................................................... 74

9.8.2 Key Strategies ................................................................................................................ 74


9.9 Alstom SA .............................................................................................................................. 76

9.9.1 Overview ....................................................................................................................... 76

9.9.2 Key Strategies ................................................................................................................ 76


9.10 Siemens AG ........................................................................................................................... 78

9.10.1 Overview ....................................................................................................................... 78

9.10.2 Key Strategies ................................................................................................................ 78


10 SCALAR 360 Degree Market Perspective ...................................................................................... 80

11 Appendix ....................................................................................................................................... 81

11.1 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

Table 10. Global Smart Cities Market Size (US$ billion) for Transportation Application, By Region

(2014 – 2022) ........................................................................................................................................ 30

Table 11. Global Smart Cities Market Size (US$ billion) for Infrastructure Application, By Region

(2014 – 2022) ........................................................................................................................................ 31

Table 12. Global Smart Cities Market Size (US$ billion) for Energy 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

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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Table 26. 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. Smart Cities Market in Rest of Middle East & Africa, Market Size (US$ billion), 2014 -

2022 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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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. Industry Analysis with respect to technology readiness and government initiative in top

countries ........................................................................................................................................... 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

Figure 10. 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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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

Application Definition

Smart Governance 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 Security Self monitoring surveillance, managed security services, people safety

LTE technology

Smart Healthcare Intelligent and self communicate medical devices, innovative policy

making solutions for citizen wellness

Smart Education 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

qualitative market factors like regulatory scenario, patent estates, and market

developments.

Figure 1. Research Approach


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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

insights about the market.

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1.3 Market Segmentation

Figure 2. Smart Cities Market, By Types


Figure 3. Smart Cities Market, By Application


Figure 4. Smart Cities Market, By Region


Smart Cities Market, By Type

Solutions Services

Smart Cities Market, By Application

Govt. & Education

Transportation Infrastructure EnergySecurity & Disaster

ManagementHealthcare

Smart Cities Market, By Region

North America Europe Asia-PacificMiddle East &

AfricaLatin America

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2 Executive Summary

2.1.1 Global Smart Cities Market– Executive Summary

Table 2. Global Smart Cities Market – Executive Summary

Global Smart Cities Market Market Size (US$ Billions) CAGR%

(2016 – 2022) 2016 2022

Total 345.50 1088.25 17.98

Typ

e

Largest Segment, by Revenue - Solution

Fastest Growing Segment - Service

Ap

plic

atio

n Largest Segment, by Revenue -

Infrastructure

Fastest Growing Segment - Energy

Re

gio

n Largest Segment, by Revenue - Europe

Fastest Growing Segment - APAC


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2.1.2 Global Trend


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

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

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.

120.53

167.69

64.19

28.98 22.16

337.36

380.89

228.53

84.34

57.13

North America Europe Asia-Pacific MEA Latin America

US$

bill

ion

2016 2022

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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

Drivers 2014-16 2017- 19 2020-22

Increase in number of government initiatives towards smart

cities development Source: Scalar Market Research Analysis

Note: ● Very High Impact, ◕ High Impact, ◑ Medium Impact

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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


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

PLANNING MANAGEMENT INFRASTRUCTURE END-USERS

• City Planning• Law Enforcement• Policy Making• City Proposals• Consultancy

• ERP Solution• BigData Analytics

• Smart Grids• Water Management• Smart Devices and Sensors• Smart Surveillance

• Local Authority• Communities• University• Study Center

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4.3 Industry Overview

Figure 7. Industry Analysis with respect to technology readiness and government

initiative in top countries

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

Tech

no

logy

Re

adin

ess

Govt. Initiative HIGH

HIG

HLO

W

LOW

Singapore

UAE

Finland

Qatar

U.S.

Norway

SwedenNetherlands

LuxembourgJapan

Hong Kong

Israel

Bahrain

Germany

Canada

U.K.Australia

New Zealand

Brazil

China

India

South Africa

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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

rate in forthcoming period.

5.1.1 Global Smart Cities Market Share (%), By Type, 2016 & 2022

Figure 8. Global Smart Cities Market Share (%), By Type, 2016 & 2022


64.9%

35.1%

2016

60.3%

39.7%

2022

Solutions

ServicesSAMPLE

26

5.1.2 Global Smart Cities Market Size (US$ billion), By Type (2014 – 2022)

Table 5. Global Smart Cities Market Size (US$ billion), By Type (2014 – 2022)

Type 2014 2015 2016 2017 2018 2019 2020 2021 2022 CAGR%(2016-2022)

Solutions

Services

Total

17.98%


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


262.06

656.41

141.49

431.84

2016 2022

US$

bill

ion

Solutions Services

SAMPLE

28

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%.

6.1.1 Global Smart Cities Market Share (%), By Application, 2016 & 2022

Figure 10. Global Smart Cities Market Share (%), By Application, 2016 & 2022


18.1%

12.2%

22.5%17.0%

14.4%

15.7%

2016

17.3%

13.5%

21.8%19.3%

13.7%

14.4%

2022

Govt. & Education

Transportation

Infrastructure

Energy

Security & Disaster Management

Healthcare

SAMPLE

29

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%(

2016-2022)

Govt. & Education

Transportation

Infrastructure

Energy

Security & Disaster Management

Healthcare

Total

17.98%


6.1.3 Global Smart Cities Market Size (US$ billion), By Application, 2016 &

2022

Figure 11. Global Smart Cities Market Size (US$ billion), By Application, 2016 & 2022


73.23

49.33

90.95

68.70 58.00 63.33

188.30

147.35

236.92

209.80

149.35 156.53

Govt. & Education

Transportation Infrastructure Energy Security & Disaster

Management

Healthcare

US$

bill

ion

2016 2022

SAMPLE

33

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


29.9%

41.6%

15.9%

7.2%5.5%

2016

31.0%

35.0%

21.0%

7.8%5.2%

2022

North America

Europe

Asia- Pacific

MEA

Latin America

SAMPLE

34

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% (2016-2022)

North America

Europe

Asia-Pacific

MEA

Latin America

Total

17.98%


7.1.3 Global Smart Cities Market Size (US$ billion), By Geography, 2016 &

2022

Figure 13. Global Smart Cities Market Size (US$ billion), By Geography, 2016 & 2022


120.53

167.69

64.19

28.98 22.16

337.36

380.89

228.53

84.34

57.13

North America Europe Asia-Pacific MEA Latin America

US$

bill

ion

2016 2022

SAMPLE

59

8 Competitive Landscape

Figure 24. Focused Area for Applications, by Major Players (2015)

COMPANY Government Infrastructure Transportation Energy Security Healthcare


Note: ● High, ◕ Medium, ◑ Low

8.1 Key Innovators

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.

SAMPLE

81

11 Appendix

11.1 Acronyms

Table 52. List of Acronyms

Acronym Expansion

APAC 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

MEA Middle East & Africa

RoW Rest of World

UAE United Arab Emirates

U.K. United Kingdom

U.S. United States of America

Y-o-Y Year on year


SAMPLE

82

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