Smart Cities Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Smart Cities Market size was valued at USD 98.15 billion in 2020 and is to expand at a compound annual growth rate (CAGR) of 29% from 2022 to 2028. A smart city is a well-connected city that utilizes various information and communication technologies to share information with the people and improve the quality of government services as well as the welfare of citizens. The technology has been widely adopted in recent years to improve public safety, from monitoring high-crime areas to improving emergency preparedness through sensors.

Company Profile

• Cisco Systems (US)
• IBM (US)
• Siemens AG (Germany)
• Microsoft (US)
• Hitachi (Japan)
• Schneider Electric (France)
• Huawei (China)
• Intel, (US)

Market Segmentation

By Focus Area

• Smart Transportation
• Smart Buildings

By Smart Buildings Solution

• Type
• Solutions
• Services

By Smart Citizen Services

• Public safety
• Smart healthcare
•  Smart education

Scope of the Report

The research study analyzes the global Smart Cities industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Smart Cities Market Report

1. What was the Smart Cities Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Smart Cities Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Smart Cities Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.