Dublin, June 04, 2025 (GLOBE NEWSWIRE) -- The "Smart City Market by Utilities, Transportation, Building, Security, Healthcare - Global Forecast to 2030" has been added to ResearchAndMarkets.com's offering.
The Smart City Market is undergoing significant transformation, growing from USD 468.69 billion in 2024 to USD 516.42 billion in 2025, with expectations to reach USD 826.05 billion by 2030 at a CAGR of 9.9%.
Driven by rapid urbanization and digital innovations, the market is set to redefine urban living through the integration of advanced technologies like artificial intelligence, data analytics, and IoT. This report provides a concise roadmap for decision-makers, highlighting key factors impacting the adoption and strategic investments in smart city initiatives. By emphasizing a holistic approach, it offers invaluable insights for strategic planning and competitive positioning in the evolving landscape.
Technological and Market Dynamics
Innovations in technology are fundamentally changing urban ecosystems. Key transformations include the integration of 5G and edge computing for real-time data processing, accelerating rapid decision-making in traffic management. Public-private partnerships are emerging as a critical pathway for financial structuring, reflecting in outcome-based contracts.
Open data initiatives are spurring third-party innovations, enhancing service delivery. Environmental sustainability remains paramount, with solutions aimed at optimizing energy and resource management, contributing to a more adaptive urban environment.
Impact of 2025 US Tariff Revisions on Smart City Ventures
Upcoming US tariff revisions in 2025 present a crucial factor influencing smart city project costs. Previous tariff impacts on essential components like semiconductors and networking equipment have already prompted strategic sourcing adjustments.
Anticipated changes necessitate advanced strategies for cost management, including onshore manufacturing partnerships and tariff classifications. These tariffs could affect supplier dynamics and project timelines, urging stakeholders to adopt comprehensive risk mitigation strategies.
Key Takeaways from This Report
- Technological advancements are enabling faster, more efficient urban management systems.
- Public-private collaborations are crucial in mitigating financial and operational risks.
- Understanding regional nuances and technological needs is key for effective market entry and competitive advantage.
- Emerging tariff revisions require a proactive approach to procurement and supply chain management.
The strategic implications of these factors are crucial for executives aiming to optimize investments and enhance urban resilience.
Market Segmentation Insights
In-depth segmentation reveals unique growth opportunities across multiple domains:
- Utilities
- Grid (Distribution, Transmission)
- Metering (Electricity, Water)
- Water Management (Leak Detection, Water Quality Monitoring)
- Transportation
- Parking (Off-Street, On-Street)
- Public Transport (Fleet Tracking, Passenger Information Systems)
- Traffic Management (Adaptive Signaling, Incident Detection)
- Building Management
- Automation (Controller Integration, Predictive Maintenance)
- Energy Management (HVAC, Lighting Control)
- Security and Surveillance (Access Control, CCTV)
- Healthcare
- Emergency Response (Alert Systems, Ambulance Telematics)
- Health Monitoring (Patient Systems, Wearables)
- Telemedicine (Remote Diagnosis, Virtual Consultation)
These segments reflect key investment priorities and highlight the need for tailored approaches to overcome adoption barriers.
Regional Growth Patterns
Regional analysis indicates diverse adoption patterns:
- In the Americas, North America leads with robust funding and pilot initiatives.
- EMEA showcases varied adoption from Western Europe to foundational enhancements in Africa.
- Asia-Pacific highlights advanced integration across East Asian urban centers, contrasted by gradual adoption in South Asia.
Understanding regional dynamics supports targeted market strategies and optimized procurement frameworks.
Competitive Landscape and Strategic Positioning
The competitive environment is distinguished by established technology companies and dynamic startups:
- Major players are extending their offerings with comprehensive IoT and cybersecurity solutions.
- Software specialists are integrating AI and digital twin functionalities for improved asset management.
- Emerging players are focused on sector-specific innovations through agile contracting and rapid deployment.
Collaboration and integration across various domains enhance market competitiveness, supporting strategic differentiation and risk mitigation.
Companies Featured
The companies profiled in this Smart City market report include:
- Cisco Systems, Inc.
- International Business Machines Corporation
- Siemens Aktiengesellschaft
- Schneider Electric SE
- Huawei Technologies Co., Ltd.
- Microsoft Corporation
- Accenture plc
- Hitachi, Ltd.
- Telefonaktiebolaget LM Ericsson
- General Electric Company
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value (USD) in 2025 | $516.42 Billion |
| Forecasted Market Value (USD) by 2030 | $826.05 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Sizing & Forecasting
5. Market Dynamics
6. Market Insights
6.1. Porter's Five Forces Analysis
6.2. PESTLE Analysis
7. Cumulative Impact of United States Tariffs 2025
8. Smart City Market, by Utilities
8.1. Introduction
8.2. Grid
8.2.1. Distribution
8.2.2. Transmission
8.3. Metering
8.3.1. Electricity Metering
8.3.2. Water Metering
8.4. Water Management
8.4.1. Leak Detection
8.4.2. Water Quality Monitoring
9. Smart City Market, by Transportation
9.1. Introduction
9.2. Parking
9.2.1. Off-Street
9.2.2. on-Street
9.3. Public Transport
9.3.1. Fleet Tracking
9.3.2. Passenger Information Systems
9.4. Traffic Management
9.4.1. Adaptive Signaling
9.4.2. Incident Detection
10. Smart City Market, by Building
10.1. Introduction
10.2. Automation
10.2.1. Controller Integration
10.2.2. Predictive Maintenance
10.3. Energy Management
10.3.1. HVAC Efficiency
10.3.2. Lighting Control
10.4. Security and Surveillance
10.4.1. Access Control
10.4.2. CCTV
11. Smart City Market, by Security
11.1. Introduction
11.2. Access Control
11.2.1. Card Readers
11.2.2. Mobile Credentials
11.3. Biometrics
11.3.1. Facial Recognition
11.3.2. Fingerprint
11.4. Video Surveillance
11.4.1. IP Cameras
11.4.2. Video Analytics
12. Smart City Market, by Healthcare
12.1. Introduction
12.2. Emergency Response
12.2.1. Alert Systems
12.2.2. Ambulance Telematics
12.3. Health Monitoring
12.3.1. Patient Monitoring Systems
12.3.2. Wearables
12.4. Telemedicine
12.4.1. Remote Diagnosis
12.4.2. Virtual Consultation
13. Americas Smart City Market
13.1. Introduction
13.2. United States
13.3. Canada
13.4. Mexico
13.5. Brazil
13.6. Argentina
14. Europe, Middle East & Africa Smart City Market
14.1. Introduction
14.2. United Kingdom
14.3. Germany
14.4. France
14.5. Russia
14.6. Italy
14.7. Spain
14.8. United Arab Emirates
14.9. Saudi Arabia
14.10. South Africa
14.11. Denmark
14.12. Netherlands
14.13. Qatar
14.14. Finland
14.15. Sweden
14.16. Nigeria
14.17. Egypt
14.18. Turkey
14.19. Israel
14.20. Norway
14.21. Poland
14.22. Switzerland
15. Asia-Pacific Smart City Market
15.1. Introduction
15.2. China
15.3. India
15.4. Japan
15.5. Australia
15.6. South Korea
15.7. Indonesia
15.8. Thailand
15.9. Philippines
15.10. Malaysia
15.11. Singapore
15.12. Vietnam
15.13. Taiwan
16. Competitive Landscape
16.1. Market Share Analysis, 2024
16.2. FPNV Positioning Matrix, 2024
16.3. Competitive Analysis
16.3.1. Cisco Systems, Inc.
16.3.2. International Business Machines Corporation
16.3.3. Siemens Aktiengesellschaft
16.3.4. Schneider Electric SE
16.3.5. Huawei Technologies Co., Ltd.
16.3.6. Microsoft Corporation
16.3.7. Accenture plc
16.3.8. Hitachi, Ltd.
16.3.9. Telefonaktiebolaget LM Ericsson
16.3.10. General Electric Company
For more information about this report visit https://www.researchandmarkets.com/r/x69hd9
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