Smart Cities: Growing New IT Markets

Report Highlights

The global market for smart city information and communications technologies should reach $994.6 billion by 2023 from $476.7 billion in 2018 at a compound annual growth rate (CAGR) of 15.8% from 2018 to 2023.

Report Includes

• 47 data tables
• An overview of the new and evolving information and communication technology investment driven by smart city applications
• Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
• Characterization and quantification of market potential for smart city applications by geographical regions, technology solutions, and end-user segments, including energy management, water management, transportation management, assisted living, e-government, and waste management
• Information on major factors influencing the smart cities market, such as the presence of a creative class, the quality of and dedicated attention to the urban environment, the level of education, multimodal accessibility, the use of information communication technologies for public administration, and how these factors correlate into urban wealth
• Analysis of important growth opportunities, including new transport management systems, smart grids, water monitoring systems, and energy-efficient buildings
• Company profiles of major players in the smart cities market, including Accenture, General Electric, Hitachi, Microsoft, Siemens, and the Toshiba Group

Report Scope

This report covers the global market for smart city technologies and regional analysis of North America, Latin America, Europe, Asia-Pacific, and the Rest of World. Component segments include communications, hardware, sensors, and software as well as in-depth market size and forecast for key end-user segments including energy management, water management, transportation management, assisted living, e-government, and waste management.

Analyst Credentials

Michael Sullivan has more than 20 years of experience tracking and analyzing technology and buyer behavior in energy and information technology (IT). He is an expert in the changes to business, energy and technology strategy that occur at the inflection points. Michael has written and researched the current inflection points of green buildings, energy management systems and cloud for companies such as Microsoft and Hewlett-Packard, as well as energy and building system transformation for companies such as Schneider-Electric. An author and journalist, he also writes market research reports in the categories of Environment, Healthcare, Information Technology, Instrumentation and Sensors and Security. He has an MBA from Boston University School of Management.