Global Smart Cities Market is predicted to value over USD 231 billion by 2026 end and grow at a CAGR of over 18% during the forecast period 2019 to 2026.  
A well-connected city deploying various communication and information technologies and sharing this information publically is called a smart city. Smart city initiative also improves the efficiency of government services along with citizen welfare. This concept is being widely adopted by developed as well as emerging economies for improving public welfare. This ranges from monitoring high crime rate areas to improve in the preparation of an emergency using advanced technology. Concepts like artificial intelligence, automation, machine learning that are trending these days also drive the smart city market in a positive direction. Having a smart city has advantages of its own like enhanced homes and buildings, better administrative services, efficient mobility and optimum energy utilization. Smart city system covers a large number of applications and domains areas from a small community striving for sustainability to a tourism hub which has helped boost the overall smart city market globally. An infrastructure that is ageing due to lack of adoption of innovative technology along with a need for an improved life quality due to a rapid rate of urbanization are some of the driving forces for the smart city market.
Insights on Global Smart Cities Market:
North America to Lead Global Smart Cities Market
North America dominates the global smart city market due to a rapid adoption of solutions offered by smart cities and this initiative was supported by huge ICT spending among organizations of the government and it is expected that North America will gain even more traction during the forecast period. However, Asia Pacific region is also expected to experience a high growth rate due to high IT spending along with the support from the governmental initiatives in countries like India, Singapore, South Korea and China. Europe has also adopted the concept of smart city mainly for smart lighting, city surveillance, e-governance and is therefore likely to gain a significant amount of traction in the market during the forecast period.
 
Utilities Segment Market to Account for Highest Market Share
Utilities segment dominates the market due to the adoption of digital technologies for distribution and billing of water, Liquefied Petroleum Gas (LPG) and electricity to residents to enable effective usage and improve delivery, analysis and monitoring and it is expected that this segment will continue its good run during the forecast period as well. Governance is another segment that is on a meteoric rise due to the introduction of e-governance in not only developed economies like the U.S but also in emerging economies like India. Therefore, it is expected to see a rise in the market growth rate during the forecast period. The transportation and construction segment are also expected to see a rise in the market growth rate during the forecast period owing to governments initiating for smart public transportation and also due to an emphasis on consuming renewable energy. Smart driverless cars and public transport is one of the prospect that will bring a drastic change in the transportation segment in the near future.
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Smart Cities Market Segmentation
1.   By Region
•     North America
•     Europe
•     Asia Pacific
•     Latin America
•     Rest of the World
 
2.   By Application
•     Utilities
•     Education
•     Governance
•     Construction
•     Transportation
•     Healthcare
 
3.   By Component
•     Solutions
•     Services
o  Professional
o  Integration and development  
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Competitive Landscape:
•     Tier 1 players- established companies in the market with a major market share 
•     Tier 2 players 
•     Emerging players which are growing rapidly 
•     New Entrants 
Tier 1 companies have a market share of 35% while tier 2 and tier 3 companies account for a market share of 40% and 25% respectively.
 
FutureWise Key Takeaways:
•  Growth prospects
•  SWOT analysis 
•  Key trends 
•  Key data-points affecting market growth 
 
Objectives of the Study:
•  To provide with an exhaustive analysis on the global smart cities market by region, by application, by component
•  To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•  To evaluate and forecast micro-markets and the overall market 
•  To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific and rest of the world
•  To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•  Profiling of companies to evaluate their market shares, strategies, financials and core competencies
Table of Contents
1.    Introduction
1.1.    Scope and Objective
1.2.    Assumptions and Acronyms
1.3.    Forecast Factors
1.4.   Research Methodology 
2.     Executive Summary
2.1.    Industry Cluster Analysis
2.2.    Competition Matrix 
2.3.    Strategies Recommendations
3.    Market Definition
3.1.    Report Scope (Inclusions & Exclusions) 
3.2.    Market Segmentation
4.     Global Smart Cities Market Overview 
4.1.    Global Smart Cities Market Revenue (USD Mn) 
5.     Key Inclusions 
5.1.    Porter’s Five Force analysis 
5.2.    Market Dynamics 
5.3.    Industry Trends 
5.4.    Regulatory Guidelines 
5.5.   Opportunities in Smart Cities 
6.     Competition Dynamics 
6.1.    Company Share Analysis (2018)
6.2.    Top 10 Product Pricing by Region 
7.     Global Smart Cities Market Revenue (USD Mn), 2018-2026 by Applications 
7.1.    Key Market Findings 
7.2.    Long Term ROI Segments 
7.3.    Revenue Opportunity Influencing Factors 
7.4.    Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026
7.4.1      Education
7.4.2      Governance
7.4.3      Buildings
7.4.4      Mobility
7.4.5      Healthcare
7.4.6      Utilities
8.    Global Smart Cities Market Revenue (USD Mn), 2018-2026 by Region
8.1.    Key Market Findings
8.2.    Long Term ROI Segments 
8.3.    Revenue Opportunity Influencing Factors
8.4.   Market Revenue (USD Mn) Assessment and Forecast by Region,2026 
8.4.1       North America 
8.4.2      Latin America
8.4.3      Europe
8.4.4      Asia Pacific
8.4.5      Rest of world
9.    North America Smart Cities Market Revenue (US$ Mn), 2018-2026
                      9.1.     Key Market Findings
                      9.2.     Long Term ROI Segments    
                      9.3.     Revenue Opportunity Influencing Factors 
                      9.4.     Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 
9.4.1      US 
9.4.2      Canada 
                      9.5.     Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026
9.5.3       Education
9.5.4       Governance
9.5.5       Buildings
9.5.6       Mobility
9.5.7       Healthcare
9.5.8       Utilities
10.  Latin America Smart Cities Market Revenue (US$ Mn), 2018-2026
                    10.1.   Key Market Findings
                    10.2.   Long Term ROI Segments    
                    10.3.   Revenue Opportunity Influencing Factors 
                    10.4.   Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 
10.4.1   Brazil
10.4.2   Mexico
10.4.3   Argentina
10.4.4   Rest of Latin America
                    10.5.   Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026
10.5.5    Education
10.5.6    Governance
10.5.7    Buildings
10.5.8    Mobility
10.5.9    Healthcare
10.5.10Utilities
11.  Europe America Smart Cities Market Revenue (US$ Mn), 2018-2026
                    11.1.   Key Market Findings
                    11.2.   Long Term ROI Segments    
                    11.3.   Revenue Opportunity Influencing Factors 
                    11.4.   Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 
11.4.1   Germany
11.4.2   France
11.4.3   Spain
11.4.4   UK
11.4.5   Russia
11.4.6   Poland 
11.4.7   Rest of Europe
                    11.5.   Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026
11.5.8    Education
11.5.9    Governance
11.5.10 Buildings
11.5.11 Mobility
11.5.12 Healthcare
11.5.13 Utilities
12.  Asia Pacific America Smart Cities Market Revenue (US$ Mn), 2018-2026
                    12.1.   Key Market Findings
                    12.2.   Long Term ROI Segments    
                    12.3.   Revenue Opportunity Influencing Factors 
                    12.4.   Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 
12.4.1   Emerging Asia
12.4.1.1          China
12.4.1.2          India
12.4.1.3          ASEAN-5 
12.4.1.4          Rest of Emerging Asia
12.4.2   Japan
                    12.5.   Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026
12.5.3    Education
12.5.4    Governance
12.5.5    Buildings
12.5.6    Mobility
12.5.7    Healthcare
12.5.8    Utilities
13.  Rest of World America Smart Cities Market Revenue (US$ Mn), 2018-2026
                    13.1.   Key Market Findings
                    13.2.   Long Term ROI Segments    
                    13.3.   Revenue Opportunity Influencing Factors 
                    13.4.   Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 
13.4.1    Middle East 
13.4.2    South Africa 
13.4.3   North Africa
13.4.4   Rest of World
                    13.5.   Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026
13.5.5    Education
13.5.6    Governance
13.5.7    Buildings
13.5.8    Mobility
13.5.9    Healthcare
13.5.10 Utilities
14.  Research Sources & Primary Verbatim
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