Global Smart Cities Market is expected to be witnessing a significant rise due to increasing urbanization across the world. This market is expected to grow, due to the growing demand for public safety, and increasing government initiatives. In smart cities, technologies such as video surveillance, DNA phenotyping, and real-time license plate and facial recognition are extensively used for public safety, indicating the need for surveillance to ensure the safety of citizens.
Furthermore, the rising urban population due to the increasing migration of people from rural to urban areas is also rises the growth of the market. In addition, the growing consciousness among consumers regarding the conservation of energy and the increasing trend of green infrastructure is further supporting the growth of this market significantly.
On the other hand, several worries over security and the lack of engagement of stakeholders may hinder the growth of the global Smart Cities market in the coming years. Apart from this, the arrival of driverless cars, electronic waste management systems, and wearable computing devices are anticipated to minimize the impacts of restraints in the forthcoming years.
Covid-19 Impact on Smart Cities Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Smart Cities Market Segment Overview
Based on Application, the Smart Transportation segment dominated the market in 2020. Increasing traffic congestion issues due to rapid urbanization, coupled with the need to modernize public transportation infrastructure, are boosting the market growth in both developing and developed countries globally. Moreover, the increasing adoption of IoT technology in the field of transportation has also empowered authorities by offering efficient traffic management in cities. Additionally, the Smart Energy Management segment accounted for the largest revenue share in the market. Important functionalities offered by a majority of the energy management solutions include collection and analysis of energy consumption data, identification of energy-saving opportunities, and tracking the progress and ongoing grid improvements.
Smart Cities Market, By Application
· Smart Homes
· Smart Buildings
· Smart Energy Management
· Smart Industrial Automation
· Smart Healthcare
· Smart Transportation
· Smart Security
· Others (Smart Education, Smart Water Management, so on)
Smart Cities Market Regional Overview
North America dominated the market in 2020 and accounted for the maximum revenue share in the market. The growth can be mainly attributed to the continuous digital transformation in various sectors such as telecom, retail, and banking. Additionally, other factors such as sophisticated ICT infrastructure, the collaboration of federal and local governments with ICT vendors and start-ups, and the presence of prominent technology vendors are majorly contributing towards the growth of the market in this region. Similarly, the Asia Pacific is projected to emerge as the fastest-growing market in the forecast period. This growth is on the account of the increased focus on the development of digital infrastructure in the region. Moreover, growing urbanization and a rising disposable income are further projected to fuel the growth of the market in this region. As well, other noteworthy factors such as the rise in IT spending supported by government initiatives in developing countries such as China, Singapore, India, and South Korea are contributing more to the development of the market in this region.
Smart Cities Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Cities Market, Key Players
· Oracle Corp.
· Intel Corp.
· Hitachi Ltd.
· International Business Machines (IBM) Corp.
· General Electric Co.
· Honeywell International Inc.
· Telefonaktiebolaget L. M. Ericsson
· Dassault Systemes S.A.
· Cisco Systems Inc.
· Alcatel-Lucent SA.
· Alstom S.A.
· Siemens AG.
· Accenture Plc
· ABB Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Smart Homes
- 5.2.2. Smart Buildings
- 5.2.3. Smart Energy Management
- 5.2.4. Smart Industrial Automation
- 5.2.5. Smart Healthcare
- 5.2.6. Smart Transportation
- 5.2.7. Smart Security
- 5.2.8. Others (Smart Education, Smart Water Management, so on)
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America, Middle East and Africa
6. North America Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Smart Homes
- 6.2.2. Smart Buildings
- 6.2.3. Smart Energy Management
- 6.2.4. Smart Industrial Automation
- 6.2.5. Smart Healthcare
- 6.2.6. Smart Transportation
- 6.2.7. Smart Security
- 6.2.8. Others (Smart Education, Smart Water Management, so on)
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Smart Homes
- 7.2.2. Smart Buildings
- 7.2.3. Smart Energy Management
- 7.2.4. Smart Industrial Automation
- 7.2.5. Smart Healthcare
- 7.2.6. Smart Transportation
- 7.2.7. Smart Security
- 7.2.8. Others (Smart Education, Smart Water Management, so on)
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. UK
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Rest of Europe
8. Asia Pacific Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Smart Homes
- 8.2.2. Smart Buildings
- 8.2.3. Smart Energy Management
- 8.2.4. Smart Industrial Automation
- 8.2.5. Smart Healthcare
- 8.2.6. Smart Transportation
- 8.2.7. Smart Security
- 8.2.8. Others (Smart Education, Smart Water Management, so on)
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Japan
- 8.3.4. Australia
- 8.3.5. South East Asia
- 8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Smart Cities Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Smart Homes
- 9.2.2. Smart Buildings
- 9.2.3. Smart Energy Management
- 9.2.4. Smart Industrial Automation
- 9.2.5. Smart Healthcare
- 9.2.6. Smart Transportation
- 9.2.7. Smart Security
- 9.2.8. Others (Smart Education, Smart Water Management, so on)
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. Brazil
- 9.3.2. Saudi Arabia
- 9.3.3. UAE
- 9.3.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Oracle Corp.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Intel Corp.
- 10.6. Hitachi Ltd.
- 10.7. International Business Machines (IBM) Corp.
- 10.8. General Electric Co.
- 10.9. Honeywell International Inc.
- 10.10. Telefonaktiebolaget L. M. Ericsson
- 10.11. Dassault Systemes S.A.
- 10.12. Cisco Systems Inc.
- 10.13. Alcatel-Lucent SA.
- 10.14. Alstom S.A.
- 10.15. Siemens AG.
- 10.16. Accenture Plc
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
