Smart Cities Market Size, Share, and Trends 2025 to 2034

The global smart cities market size estimated at USD 1.82 billion in 2024 and is anticipated to reach around USD 13.95 billion by 2034, expanding at a CAGR of 22.59% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : May 2025
  • Report Code : 1688
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Cities Market 

5.1. COVID-19 Landscape: Smart Cities Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Cities Market, By Smart Utilities Type

8.1. Smart Cities Market, by Smart Utilities Type

8.1.1. Water Management

8.1.1.1. Market Revenue and Forecast

8.1.2. Waste Management

8.1.2.1. Market Revenue and Forecast

8.1.3. Energy Management

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Smart Cities Market, By Smart Governance Type

9.1. Smart Cities Market, by Smart Governance Type

9.1.1. CCS

9.1.1.1. Market Revenue and Forecast

9.1.2. E-governance

9.1.2.1. Market Revenue and Forecast

9.1.3. City Surveillance

9.1.3.1. Market Revenue and Forecast

9.1.4. Smart Infrastructure

9.1.4.1. Market Revenue and Forecast

9.1.5. Smart Lighting

9.1.5.1. Market Revenue and Forecast

Chapter 10. Global Smart Cities Market, By Technology Type 

10.1. Smart Cities Market, by Technology Type

10.1.1. Open-data initiatives

10.1.1.1. Market Revenue and Forecast

10.1.2. Parking Apps

10.1.2.1. Market Revenue and Forecast

10.1.3. City Guide App

10.1.3.1. Market Revenue and Forecast

10.1.4. Wi-Fi

10.1.4.1. Market Revenue and Forecast

10.1.5. Real-time information

10.1.5.1. Market Revenue and Forecast

10.1.6. Surveillance

10.1.6.1. Market Revenue and Forecast

10.1.7. Sharing economy

10.1.7.1. Market Revenue and Forecast

10.1.8. Crisis Response System

10.1.8.1. Market Revenue and Forecast

Chapter 11. Global Smart Cities Market, By Application Type

11.1. Smart Cities Market, by Application Type

11.1.1. Smart Building

11.1.1.1. Market Revenue and Forecast

11.1.2. Smart Governance

11.1.2.1. Market Revenue and Forecast

11.1.3. Smart Utilities

11.1.3.1. Market Revenue and Forecast

11.1.4. Smart Transportation

11.1.4.1. Market Revenue and Forecast

11.1.5. Environmental Solution

11.1.5.1. Market Revenue and Forecast

11.1.6. Smart Healthcare

11.1.6.1. Market Revenue and Forecast

11.1.7. Smart Mobility Management

11.1.7.1. Market Revenue and Forecast

11.1.8. Smart Public Safety

11.1.8.1. Market Revenue and Forecast

Chapter 12. Global Smart Cities Market, By Component Type

12.1. Smart Cities Market, by Component

12.1.1. Hardware

12.1.1.1. Market Revenue and Forecast

12.1.2. Software

12.1.2.1. Market Revenue and Forecast

12.1.3. Service

12.1.3.1. Market Revenue and Forecast

Chapter 13. Global Smart Cities Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Smart Utilities

13.1.2. Market Revenue and Forecast, by Smart Governance

13.1.3. Market Revenue and Forecast, by Technology

13.1.4. Market Revenue and Forecast, by Application

13.1.5. Market Revenue and Forecast, by Component

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Smart Utilities

13.1.6.2. Market Revenue and Forecast, by Smart Governance

13.1.6.3. Market Revenue and Forecast, by Technology

13.1.6.4. Market Revenue and Forecast, by Application

13.1.7. Market Revenue and Forecast, by Component  

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Smart Utilities

13.1.8.2. Market Revenue and Forecast, by Smart Governance

13.1.8.3. Market Revenue and Forecast, by Technology

13.1.8.4. Market Revenue and Forecast, by Application

13.1.8.5. Market Revenue and Forecast, by Component

13.2. Europe

13.2.1. Market Revenue and Forecast, by Smart Utilities

13.2.2. Market Revenue and Forecast, by Smart Governance

13.2.3. Market Revenue and Forecast, by Technology

13.2.4. Market Revenue and Forecast, by Application  

13.2.5. Market Revenue and Forecast, by Component  

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Smart Utilities

13.2.6.2. Market Revenue and Forecast, by Smart Governance

13.2.6.3. Market Revenue and Forecast, by Technology

13.2.7. Market Revenue and Forecast, by Application  

13.2.8. Market Revenue and Forecast, by Component  

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Smart Utilities

13.2.9.2. Market Revenue and Forecast, by Smart Governance

13.2.9.3. Market Revenue and Forecast, by Technology

13.2.10. Market Revenue and Forecast, by Application

13.2.11. Market Revenue and Forecast, by Component

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Smart Utilities

13.2.12.2. Market Revenue and Forecast, by Smart Governance

13.2.12.3. Market Revenue and Forecast, by Technology

13.2.12.4. Market Revenue and Forecast, by Application

13.2.13. Market Revenue and Forecast, by Component

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Smart Utilities

13.2.14.2. Market Revenue and Forecast, by Smart Governance

13.2.14.3. Market Revenue and Forecast, by Technology

13.2.14.4. Market Revenue and Forecast, by Application

13.2.15. Market Revenue and Forecast, by Component

13.3. APAC

13.3.1. Market Revenue and Forecast, by Smart Utilities

13.3.2. Market Revenue and Forecast, by Smart Governance

13.3.3. Market Revenue and Forecast, by Technology

13.3.4. Market Revenue and Forecast, by Application

13.3.5. Market Revenue and Forecast, by Component

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Smart Utilities

13.3.6.2. Market Revenue and Forecast, by Smart Governance

13.3.6.3. Market Revenue and Forecast, by Technology

13.3.6.4. Market Revenue and Forecast, by Application

13.3.7. Market Revenue and Forecast, by Component

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Smart Utilities

13.3.8.2. Market Revenue and Forecast, by Smart Governance

13.3.8.3. Market Revenue and Forecast, by Technology

13.3.8.4. Market Revenue and Forecast, by Application

13.3.9. Market Revenue and Forecast, by Component

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Smart Utilities

13.3.10.2. Market Revenue and Forecast, by Smart Governance

13.3.10.3. Market Revenue and Forecast, by Technology

13.3.10.4. Market Revenue and Forecast, by Application

13.3.10.5. Market Revenue and Forecast, by Component

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Smart Utilities

13.3.11.2. Market Revenue and Forecast, by Smart Governance

13.3.11.3. Market Revenue and Forecast, by Technology

13.3.11.4. Market Revenue and Forecast, by Application

13.3.11.5. Market Revenue and Forecast, by Component

13.4. MEA

13.4.1. Market Revenue and Forecast, by Smart Utilities

13.4.2. Market Revenue and Forecast, by Smart Governance

13.4.3. Market Revenue and Forecast, by Technology

13.4.4. Market Revenue and Forecast, by Application

13.4.5. Market Revenue and Forecast, by Component

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Smart Utilities

13.4.6.2. Market Revenue and Forecast, by Smart Governance

13.4.6.3. Market Revenue and Forecast, by Technology

13.4.6.4. Market Revenue and Forecast, by Application

13.4.7. Market Revenue and Forecast, by Component

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Smart Utilities

13.4.8.2. Market Revenue and Forecast, by Smart Governance

13.4.8.3. Market Revenue and Forecast, by Technology

13.4.8.4. Market Revenue and Forecast, by Application

13.4.9. Market Revenue and Forecast, by Component

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Smart Utilities

13.4.10.2. Market Revenue and Forecast, by Smart Governance

13.4.10.3. Market Revenue and Forecast, by Technology

13.4.10.4. Market Revenue and Forecast, by Application

13.4.10.5. Market Revenue and Forecast, by Component

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Smart Utilities

13.4.11.2. Market Revenue and Forecast, by Smart Governance

13.4.11.3. Market Revenue and Forecast, by Technology

13.4.11.4. Market Revenue and Forecast, by Application

13.4.11.5. Market Revenue and Forecast, by Component

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Smart Utilities

13.5.2. Market Revenue and Forecast, by Smart Governance

13.5.3. Market Revenue and Forecast, by Technology

13.5.4. Market Revenue and Forecast, by Application

13.5.5. Market Revenue and Forecast, by Component

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Smart Utilities

13.5.6.2. Market Revenue and Forecast, by Smart Governance

13.5.6.3. Market Revenue and Forecast, by Technology

13.5.6.4. Market Revenue and Forecast, by Application

13.5.7. Market Revenue and Forecast, by Component

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Smart Utilities

13.5.8.2. Market Revenue and Forecast, by Smart Governance

13.5.8.3. Market Revenue and Forecast, by Technology

13.5.8.4. Market Revenue and Forecast, by Application

13.5.8.5. Market Revenue and Forecast, by Component

Chapter 14. Company Profiles

14.1. Siemens

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Cisco

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Hitachi

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. IBM

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Microsoft

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Schneider Electric

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Huawei

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Intel

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. NEC

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. ABB

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

14.11. AGT International

14.11.1. Company Overview

14.11.2. Product Offerings

14.11.3. Financial Performance

14.11.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global smart cities market size was reached at USD 1.48 trillion in 2023 and it is anticipated to rake around USD 13.95 trillion by 2034.

The global smart cities market is expected to grow at a CAGR of 22.59% from 2025 to 2034

The major players operating in the smart cities market are Siemens, Cisco, Hitachi, IBM, Microsoft, Schneider Electric, Huawei, Intel, NEC, ABB, and AGT International.

The rising government investments towards digitalizing the healthcare, transportation management, smart building, and smart waste management systems in the developing regions is expected to drive the growth of the smart cities market.

North America dominated the global smart cities market in 2023 and will led the market in the forecast period 2025 to 2034

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