Smart Cities Market Growth, Trends, Size, Share, Analysis and Forecast 2021-2027

Smart Cities Market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14%.

The smart city market is expected to grow due to the growing demand for public safety, increasing urban population and increasing government initiatives. In smart cities, technologies such as video surveillance, DNA phenotype, real-time license plate, and facial recognition are widely used for public safety, suggesting the need for surveillance to ensure the safety of citizens. The smart transportation segment is expected to occupy the largest market size in 2020 and is expected to grow at an impressive CAGR over the forecast period.

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Key Market Players

The smart cities market comprises key solution and service providers, Cisco Systems (US), IBM (US), Siemens AG (Germany), Microsoft (US), Hitachi (Japan), Schneider Electric (France), Huawei (China), Intel, (US), NEC (Japan), GE (US), Fujitsu (Japan), Oracle (US), SAP SE (Germany), Ericsson (Sweden), ABB (Switzerland), Honeywell (US),

By Smart Citizen Services

  • Public safety
  • Smart healthcare
  • Smart education
  • Smart Street Lighting
  • e-Governance

By Smart Transportation

  • Solutions
  • Smart Ticketing
  • Traffic Management System
  • Parking management

A full report of Global Smart Cities Market is available at: https://www.orionmarketreports.com/smart-cities-market/30962/

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 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).

  1. What will be the CAGR of Smart Cities Market during the forecast period (2021-2027)?
    3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
    4. Which manufacturer/vendor/players in the Smart Cities Market was the market leader in 2018?
    5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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