Smart Cities: Growing New IT Markets

Report Highlights

The global smart cities market for information and communications technologies reached $342.4 billion in 2016 and should reach $774.8 billion in 2021, with a compound annual growth rate (CAGR) of 17.7% from 2016 to 2021.

Report Includes

• An overview of the new and growing information technology markets relating to smart cities.
• Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.
• A focused and operational definition of the smart city construct as well as consistent evidence concerning the geography of smart cities.
• Information on major factors influencing smart cities, 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.
• Profiles of major players in the smart cities industry.

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.