Global Smart Cities Market Size, Trends and Growth opportunity, By Component (Hardware, Software, Service), By Smart Utilities (Water Management, Waste Management, Energy Management), By Smart Governance (CCS, E-governance, City Surveillance, Smart Infrastructure, Smart Lighting), By Smart Transportation (Intelligent Transportation System, Parking Management, Smart Ticketing & Travel Assistance), By Deployment (Cloud, On-premise), By Application (Smart Building, Smart Governance, Smart Utilities, Smart Transportation, Environmental Solution, Smart Healthcare, Smart Mobility Management, Smart Public Safety), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027. 
Global Smart Cities Market 
Global Smart Cities Market was valued at USD 409.04 billion in 2021 and is expected to reach USD 1024.4 billion by 2027, at a CAGR 12.27% from 2022-2027.
A smart city is referred to as a framework which utilizes information and communication technology (ICT) to develop, deploy and promote sustainable development in urban areas. The Smart Cities concept is gaining major popularity due to rapid urbanization and favorable government initiatives worldwide. Hence, with growing urbanization, the need to manage infrastructure and assets is prompting countries across the globe to invest in smart city projects. A smart city goes beyond ICT technologies for better resource use and fewer emissions.
Market Drivers
The rapid increase in urbanization, public safety concerns & need for efficient management of resource utilization, and increasing demand for an environment with efficient energy utilization are the major growth drivers for the Global Smart Cities Market. 
Furthermore, rapid increase in global population and growth in the urban population is driving the demand for sustainable infrastructure across the globe. The surging adoption of novel technologies like AI, nanotechnology, cloud computing, big data analytics, IoT, cognitive computing, and open data are the major drivers of the growth of the Smart Cities Market across the globe.
Market Restraints
The rising number of vehicles in cities makes it challenging for traffic departments to manage congestion problems. Also, security concerns over deployment of smart devices in cities is one of the primary factors restraining the growth of the smart cities market. The significant initial investment requirements and rising cases of data theft are some of the major factors restraining the market growth.
Market Segmentation
The Global Smart Cities Market is segmented into application, smart governance, smart utilities, smart transportation, smart citizen services, focus area, and smart buildings.
Regional Analysis
The Global Smart Cities Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the Smart Cities market. The regional market growth has been credited to the constant digital transformation in various industries, such as government, telecom, and banking. The region has a well-developed ICT infrastructure, the collaboration of federal and local governments with ICT vendors, and the presence of prominent technology vendors in the region.
Key Players
Various key players are discussed into the Global Smart Cities Market Report including: ABB Limited, AGT International, AVEVA Group plc., Cisco Systems, Inc., Ericsson, General Electric, Honeywell International Inc., International Business Machines Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, SAP SE, and others.
Market Taxonomy
By Component
•        Hardware
•        Software
•        Service
By Smart Utilities
•        Water Management
•        Waste Management
•        Distribution Management
•        Energy Management
•        Smart Meters
•        Meter Data Management
•        PV Monitoring
•        Smart Grid
•        Power electronics
•        Energy Storage
By Smart Governance
•        CCS
•        E-governance
•        City Surveillance
•        Smart Infrastructure
•        Smart Lighting
By Smart Transportation
•        Intelligent Transportation System
•        Parking Management
•        Smart Ticketing & Travel Assistance
•        Traffic Management
•        Passenger Information Management System
•        Freight Information System 
By Deployment
•        Cloud
•        On-premise
By Application
•        Smart Building
•        Smart Governance
•        Smart Utilities
•        Smart Transportation
•        Environmental Solution
•        Smart Healthcare
•        Smart Education
•        Smart Mobility Management
•        Smart Public Safety
•        Connected Healthcare Solutions
•        Telemedicine            
•        Smart Public Safety
•        Surveillance
•        Command & Control Solutions
By Region
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Smart Cities MarketTOC:
1 Introduction        
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Smart Cities Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Smart Cities Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Smart Cities Market Share Analysis, By Component
5.3 Global Smart Cities Market Size and Forecast, By Component
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
6 Global Smart Cities Market, By Smart Utilities
6.1 Y-o-Y Growth Comparison, By Smart Utilities
6.2 Global Smart Cities Market Share Analysis, By Smart Utilities
6.3 Global Smart Cities Market Size and Forecast, By Smart Utilities
6.3.1 Water Management
6.3.2 Waste Management
6.3.3 Distribution Management
6.3.4 Energy Management
6.3.5 Smart Meters
6.3.6 Meter Data Management
6.3.7 PV Monitoring
6.3.8 Smart Grid
6.3.9 Power electronics
6.3.10 Energy Storage
7 Global Smart Cities Market, By Smart Governance
7.1 Y-o-Y Growth Comparison, By Smart Governance
7.2 Global Smart Cities Market Share Analysis, By Smart Governance
7.3 Global Smart Cities Market Size and Forecast, By Smart Governance
7.3.1 CCS
7.3.2 E-governance
7.3.3 City Surveillance
7.3.4 Smart Infrastructure
7.3.5 Smart Lighting
8 Global Smart Cities Market, By Smart Transportation
8.1 Y-o-Y Growth Comparison, By Smart Transportation
8.2 Global Smart Cities Market Share Analysis, By Smart Transportation
8.3 Global Smart Cities Market Size and Forecast, By Smart Transportation
8.3.1 Intelligent Transportation System
8.3.2 Parking Management
8.3.3 Smart Ticketing & Travel Assistance
8.3.4 Traffic Management
8.3.5 Passenger Information Management System
8.3.6 Freight Information System
9 Global Smart Cities Market, By Deployment
9.1 Y-o-Y Growth Comparison, By Deployment
9.2 Global Smart Cities Market Share Analysis, By Deployment
9.3 Global Smart Cities Market Size and Forecast, By Deployment
9.3.1 Cloud
9.3.2 On-premise
10 Global Smart Cities Market, By Application
10.1 Y-o-Y Growth Comparison, By Application
10.2 Global Smart Cities Market Share Analysis, By Application
10.3 Global Smart Cities Market Size and Forecast, By Application
10.3.1 Smart Building
10.3.2 Smart Governance
10.3.3 Smart Utilities
10.3.4 Smart Transportation
10.3.5 Environmental Solution
10.3.6 Smart Healthcare
10.3.7 Smart Education
10.3.8 Smart Mobility Management
10.3.9 Smart Public Safety
10.3.10 Connected Healthcare Solutions
10.3.11 Telemedicine            
10.3.12 Smart Public Safety
10.3.13 Surveillance
10.3.14 Command & Control Solutions
11 Global Smart Cities Market, By Region
11.1 Global Smart Cities Market Share Analysis, By Region
11.2 Global Smart Cities Market Share Analysis, By Region
11.3 Global Smart Cities Market Size and Forecast, By Region
12 North America Smart Cities Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North America Smart Cities Market Share Analysis, By Component
12.3 North America Smart Cities Market Size and Forecast, By Smart Utilities
12.4 North America Smart Cities Market Size and Forecast, By Smart Governance
12.5 North America Smart Cities Market Size and Forecast, By Smart Transportation
12.6 North America Smart Cities Market Size and Forecast, By Deployment
12.7 North America Smart Cities Market Size and Forecast, By Application
12.8 North America Smart Cities Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Smart Cities Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Smart Cities Market Share Analysis, By Component
13.3 Europe Smart Cities Market Share Analysis, By Smart Utilities
13.4 Europe Smart Cities Market Size and Forecast, By Smart Governance
13.5 Europe Smart Cities Market Size and Forecast, By Smart Transportation
13.6 Europe Smart Cities Market Size and Forecast, By Deployment
13.7 Europe Smart Cities Market Size and Forecast, By Application
13.8 Europe Smart Cities Market Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4 Rest of Europe
14 Asia Pacific Smart Cities Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Smart Cities Market Share Analysis, By Component
14.3 Asia Pacific Smart Cities Market Size and Forecast, By Smart Utilities
14.4 Asia Pacific Smart Cities Market Size and Forecast, By Smart Governance
14.5 Asia Pacific Smart Cities Market Size and Forecast, By Smart Transportation
14.6 Asia Pacific Smart Cities Market Size and Forecast, By Deployment
14.7 Asia Pacific Smart Cities Market Size and Forecast, By Application
14.8 Asia Pacific Smart Cities Market Size and Forecast, By Country
14.8.1 China        
14.8.2 Japan
14.8.3 India
14.8.4 Rest of Asia Pacific
15 Latin America Smart Cities Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Smart Cities Market Share Analysis, By Component
15.3 Latin America Smart Cities Market Size and Forecast, By Smart Utilities
15.4 Latin America Smart Cities Market Size and Forecast, By Smart Governance
15.5 Latin America Smart Cities Market Size and Forecast, By Smart Transportation
15.6 Latin America Smart Cities Market Size and Forecast, By Deployment
15.7 Latin America Smart Cities Market Size and Forecast, By Application
15.8 Latin America Smart Cities Market Size and Forecast, Country
15.8.1 Brazil
15.8.2 Rest of Latin America
16 Middle East Smart Cities Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Smart Cities Market Share Analysis, By Component
16.3 Middle East Smart Cities Market Size and Forecast, By Smart Utilities
16.4 Middle East Smart Cities Market Size and Forecast, By Smart Governance
16.5 Middle East Smart Cities Market Size and Forecast, By Smart Transportation
16.6 Middle East Smart Cities Market Size and Forecast, By Deployment
16.7 Middle East Smart Cities Market Size and Forecast, By Application
16.8 Middle East Smart Cities Market Size and Forecast, By Country
16.8.1 Saudi Arabia
16.8.2 UAE
16.8.3 Egypt
16.8.4 Kuwait
16.8.5 South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
8.1 ABB Limited
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 AGT International
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 AVEVA Group plc.
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Cisco Systems, Inc.
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Ericsson
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 General Electric
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Honeywell International Inc.
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies        
18.8 International Business Machines Corporation
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Huawei Technologies Co., Ltd.
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 SAP SE
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies