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Smart Cities Market Size And Forecast (2025 - 2035), Global And Regional Growth, Trend, Share And Industry Analysis Report Coverage: By Component (Hardware, Software, Services), By Technology (Iot, AI & ML, Cloud Computing, 5G Networking, Edge Computing, Others), By Solution (Smart Governance, Smart Economy & Development, Smart Transportation, Smart Monitoring & Control, Smart Healthcare, Smart & Sustainable Environment, Others), By Application (Transportation, Waste Management, Energy Management, Utility Management, Public Safety, Environmental Monitoring, Others) And Geography.

  • PUBLISHED ON
  • 2025-04-24
  • NO OF PAGES
  • 288
  • CATEGORY
  • Information Communication & Technology

Smart Cities Market Overview

The Smart Cities market is foreseen to increase greatly between 2025 and 2035, fueled by high urban growth, greater use of smart technologies, and heightening demand for sustainable city infrastructure. In 2025, it is expected to grow to a value of approximately USD 848.0 Billion. Adopting a 2035 view, it is forecast to grow further to approximately 5,647.6 Billion. It is expected to grow by an average of 28.2% each year for ten years.

A smart city blends digital technologies, data analytics, and the Internet of Things (IoT) to improve citizen quality of life, increase operating efficiency, and optimize the use of resources by sectors including transportation, energy, healthcare, public safety, and governance. Governments and cities across the globe are increasingly putting sustainable urban growth in priority, which is leading to the growing demand for smart city solutions. Market estimates predict that the global smart cities market size is expected to see tremendous growth in the next few years, fueled by growing investments in digital infrastructure, smart grid, smart transportation systems, and smart public services. One of the primary growth drivers of the smart cities market is the growing emphasis on the reduction of carbon emissions and improving the efficiency of energy through smart utilities and environmentally friendly practices.

Additionally, the expansion of 5G deployment, increasing application of machine learning and AI in city planning, and the spread of IoT devices are fast-tracking the smart city technologies' adoption. Smart mobility, digital government, and smart healthcare are emerging trends that are picking steam in technologically developed regions like Europe, North America, and Asia-Pacific regions. Government-level initiatives like smart city missions and stimulus packages as well as public-private partnerships are also driving innovations and large-scale implementations.

 

Smart Cities Market Drivers and Opportunities

Advances in Iot, AI, And Connectivity Is Expected to Boost the Smart Cities Market in The Forecast Period

Technological innovations specifically in IoT, artificial intelligence (AI), and high-speed networking are fundamentally transforming urban environments and pushing the smart cities market forward. Connected devices and sensors embedded in the urban landscape facilitate real-time data collection and communications across city systems, including traffic lights and street lights, waste bins and meters, and beyond. AI and machine learning add yet another level of value by analyzing trends, predicting behavior, and enabling automated decisions, which result in improved efficiency and decreased manual errors. For example, surveillance systems enhanced by AI increase public safety by sensing suspicious behavior, and smart waste collection platforms optimize collection routes and lower operating expenses. Simultaneously, deployment of 5G networks has driven data transfer speeds a thousandfold while decreasing latency, making smart city ecosystems faster and more resilient. These technologies are increasingly integrated in day-to-day urban activities, supporting predictive maintenance of infrastructure, adaptive traffic flow, remote delivery of healthcare, and much more. As digital transformation picks up speed, cities increasingly turn to these smart solutions to augment operational robustness and boost city living quality. This technology-driven transformation is not only a core driver of market growth but also a significant differentiator for cities competing to secure investment and talent in a globalized world.

Government Initiatives and Public-Private Partnerships Is a Vital Driver for Influencing the Growth of the Global Smart Cities Market

Supportive government policies and growing public-private partnerships (PPPs) are key drivers of smart cities market growth. Governments all over the world are becoming aware of the capability of smart cities to spur economic growth, environmental sustainability, and social progress. Initiatives such as India’s Smart Cities Mission, the European Union’s Horizon 2020 initiative, and city-level initiatives in North America provide funding, structures, and technical support for the modernization of urban infrastructure. These projects are frequently complemented by investment incentives, policy changes, and backstopping by the government that facilitate collaboration between tech players and city developers. Public-private partnerships are crucial as they bring together governmental funding and support and private sector creativity and agility. These partnerships facilitate the rollout of massive smart city projects such as intelligent transportation networks, digital government platforms, and smart utilities. In addition, the availability of PPPs speeds up the deployment of technologies while lightening the spending load of public institutions. It also reduces concerns on risk and spurs relentless innovation. As governments keep collaborating with leaders in technologies and infrastructure developers to pursue their smart city strategies, PPPs will be central in scaling smart city ecosystems all over the world, leading to consistent market growth.

Smart Mobility and Intelligent Transportation Systems Is Poised to Create Significant Opportunities in The Global Smart Cities Market

Smart mobility is one of the market opportunities in smart cities that holds transformative potential in transporting people and goods in urban settings. Congested streets, increasing emissions by vehicles, and poorly designed public transportation systems are becoming issues of importance in urban life. Smart mobility solutions ranging from intelligent traffic management, real-time public transit tracking, ride sharing, and connected driverless cars are becoming viable solutions to these problems. Through IoT sensors, GPS, and AI algorithms, cities can optimize traffic flow, speed commutes, and overall passenger experience. For instance, smart traffic lights can change in real-time according to traffic congestion, while predictive analytics using AI can assist cities in better planned routes and infrastructure. Further, the increased interest in micro-mobility in the form of e-bikes and e-scooters provides cleaner, last-mile transport solutions that are integrated in the larger urban mobility system. Investment in electric vehicle infrastructure and mobility-as-a-service (MaaS) platforms also facilitates this transformation. Government initiatives towards greener and efficient transportation systems boost the demand for smart mobility solutions. As the sector transforms, there is plenty of opportunity for technology providers, startups, and city planners to redesign transportation in cities for a smart, greener future.

Smart Cities Market Scope

Report Attributes

Description

Market Size in 2025

USD 848.0 Billion

Market Forecast in 2035

USD 5,647.6 Billion

CAGR % 2025-2035

28.2%

Base Year

2024

Historic Data

2020-2024

Forecast Period

2025-2035

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

  • By Component                 
  • By Technology   
  • By Solution          
  • By Application 

Regional Scope

  • North America
  • Europe
  • APAC
  • Latin America
  • Middle East and Africa

Country Scope

1)      U.S.

2)      Canada

3)      U.K.

4)      Germany

5)      France

6)      Italy

7)      Spain

8)      Benelux

9)      Nordic Countries

10)  Russia

11)  China

12)  India

13)  Japan

14)  South Korea

15)  Australia

16)  Indonesia

17)  Thailand

18)  Mexico

19)  Brazil

20)  Argentina

21)  Saudi Arabia

22)  UAE

23)  Egypt

24)  South Africa

25)  Nigeria

Smart Cities Market Report Segmentation Analysis

The Global Smart Cities Market Industry Analysis Is Segmented into By Component, By Technology, By Solution, By Application, And By Region.

The Hardware Segment Is Anticipated to Hold the Highest Share of the Global Smart Cities Market During the Projected Timeframe.

Based on component, market is segmented into Hardware, Software, and Services. In 2025, Hardware emerging as the dominant segment with 56.5% of market share. Hardware plays a foundational role in the smart cities ecosystem, serving as the backbone for implementing various intelligent systems, including IoT sensors, surveillance cameras, smart meters, connected vehicles, and communication devices. The increasing deployment of physical infrastructure to support data collection, monitoring, and automation is a key factor driving the growth of this segment.


The IoT Dominated the Market in 2024 And Is Predicted to Grow at The Highest CAGR Over the Forecast Period.

By technology market, it is divided into IoT, AI & ML, Cloud Computing, 5G Networking, Edge Computing, and Others, among which IoT (Internet of Things) stands as the leading segment. IoT acts as the technical pillar of smart city infrastructure by providing end-to-end connectivity and data sharing between diverse devices, systems, and services. From waste management systems and traffic signals to water supply systems and public safety devices, IoT links and automates urban processes to ensure enhanced efficiency, sustainability, and quality of service delivery. Growth in this segment is mainly influenced by the growing demand for real-time data monitoring and the growing use of sensor-based smart applications in developed and emerging markets.

The Smart Transportation Segment Is Predicted to Grow at The Highest CAGR Over the Forecast Period.

By solution market, the segments are divided into Smart Governance, Smart Economy & Development, Smart Transportation, Smart Monitoring & Control, Smart Healthcare, Smart & Sustainable Environment, and Others. among which Smart Transportation stands as the leading segment. As cities get congested, the demand for intelligent and sustainable mobility solutions is growing at a phenomenal rate. Smart transportation caters to top urban issues like traffic congestion, lengthy commute, and growing pollution by using technologies like IoT, AI, GPS, and real-time analytics.

The Transportation Segment Is Expected to Dominate the Market During the Forecast Period.

The global market for smart cities is segmented by application as Transportation, Waste Management, Energy Management, Utility Management, Public Safety, Environmental Monitoring, and Others, among which Transportation is the leading segment. Transportation is leading the market due to the increasing need for safe, efficient, and sustainable mobility solutions for cities. As cities experience urbanization, they are challenged by traffic congestion, increased commute times, and high levels of pollution. Smart transportation systems, empowered by IoT, AI, and real-time analytics, meet these challenges by streamlining traffic flow, enhancing public transit, and providing electric vehicle (EV) infrastructure.

The following segments are part of an in-depth analysis of the global smart cities market:

Market Segments

By Component

  • Hardware
  • Software
  • Services

By Technology

  • IoT
  • AI & ML
  • Cloud computing
  • 5G networking
  • Edge computing
  • Others

 By Solution

  • Smart governance
  • Smart economy & development
  • Smart transportation
  • Smart monitoring & control
  • Smart healthcare
  • Smart & sustainable environment
  • Others

 By Application

  • Transportation
  • Waste management
  • Energy management
  • Utility management
  • Public safety
  • Environmental monitoring
  • Others

Smart Cities Market Share Analysis By Region

North America Is Projected to Hold the Largest Share of the Global Smart Cities Market Over the Forecast Period.

In 2025, North America will be the leading regional market with 49.1% market share. Strong technological base in the region, high level of urbanization, and strong government support are the primary inducing forces for the dominance of the smart cities market in the region. Large countries like the United States and Canada have immense investments in smart infrastructure, notably in smart transport, public protection, energy management, and smart healthcare. Key presence of large-scale technology suppliers, coupled with early incorporation of innovative solutions like IoT, AI, and 5G, has further propelled smart city projects in key cities. Government support in the form of funding schemes and public-private collaborations by the government and the local governments has also played a pivotal role in pushing digital urban transformation in the region. Consumer awareness and demand for smart and connected urban life also favor the growth curve of the smart cities market in the North American market. As focus on infrastructure and digitization continues in the region, it is likely that the dominance of the market will continue in the forecast years.

Asia-Pacific (APAC), though lagging in terms of market share, is expected to exhibit the highest CAGR during the forecast years. Large-scale urbanization, growing government spending, and growing demand for smart infrastructure in emerging markets in China, India, and Southeast Asia drive this growth.

Smart Cities Market Competition Landscape Analysis

The global Smart Cities Market is poised for significant growth, with key players investing heavily in technology and infrastructure. These companies are actively engaged in research and development, strategic partnerships, and large-scale project implementations to enhance their market positions. ​

Global Smart Cities Market Recent Developments News:

December 2023, Qatar property developer Msheireb Properties (MP) signed a Memorandum of Understanding (MoU) with Microsoft Corporation, developer of software products, to create a ‘Smart Experience’ for the visitor, retail, resident, and commercial customer in MP’s Msheireb Downtown Doha (MDD) development.

November 2023, Smart City Expo World Congress (SCEWC) is the world's largest trades fair on cities and smart urban solutions that is held by Fira de Barcelona. It is a show of smart city solutions and projects centered on how to make modern cities greener, smarter and more habitable. SCEWC's congress program includes eight core themes: energy and environment, enabling technologies, mobility, housing and inclusion, management and economy, security and blue economy, and infrastructure and buildings. 

The Global Smart Cities Market is dominated by a few large companies, such as

·         Schneider Electric

·         ABB

·         IBM

·         Siemens

·         Microsoft

·         Hitachi

·         Cisco

·         Huawei

·         Intel

·         NEC

·         ABB

·         Ericsson

·         Oracle

·         Fujitsu

·         Honeywell

·         AWS

·         Thales

·         Signify

·         GE

·         Google

·         TCS

·         AT&T

·         Nokia

·         Samsung

·         SAP

·         Zencity

·         Itron

·         Others                                                                                       

1.      Global Smart Cities Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Smart Cities Market Scope and Market Estimation

1.2.1. Global Smart Cities Overall Market Size (US$ Bn), Market CAGR (%), Market forecast (2025 - 2035)

1.2.2. Global Smart Cities Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2021 - 2035

1.3.    Market Segmentation

1.3.1. Component of Global Smart Cities Market

1.3.2. Technology of Global Smart Cities Market

1.3.3. Solution of Global Smart Cities Market

1.3.4. Application of Global Smart Cities Market

1.3.5. Region of Global Smart Cities Market

2.      Executive Summary

2.1.    Demand Side Trends

2.2.    Key Market Trends

2.3.    Market Demand (US$ Bn) Analysis 2021 – 2024 and Forecast, 2025 – 2035

2.4.    Demand and Opportunity Assessment

2.5.    Demand Supply Scenario

2.6.    Market Dynamics

2.6.1. Drivers

2.6.2. Limitations

2.6.3. Opportunities

2.6.4. Impact Analysis of Drivers and Restraints

2.7.    Pricing Trends Analysis

2.8.    Overview of Technology Developments

2.9.    Porter’s Five Forces Analysis

2.9.1. Bargaining Power of Suppliers

2.9.2. Bargaining Power of Buyers

2.9.3. Threat of Substitutes

2.9.4. Threat of New Entrants

2.9.5. Competitive Rivalry

2.10.  PEST Analysis

2.10.1.   Political Factors

2.10.2.   Economic Factors

2.10.3.   Social Factors

2.10.4.   Technology Factors

2.11.  Value Chain / Ecosystem Analysis

2.12.  Key Regulation

3.      Global Smart Cities Market Estimates & Historical Trend Analysis (2021 - 2024)

4.      Global Smart Cities Market Estimates & Forecast Trend Analysis, by Component

4.1.    Global Smart Cities Market Revenue (US$ Bn) Estimates and Forecasts, by Component, 2021 - 2035

4.1.1. Hardware

4.1.2. Software

4.1.3. Services

5.      Global Smart Cities Market Estimates & Forecast Trend Analysis, by Technology

5.1.    Global Smart Cities Market Revenue (US$ Bn) Estimates and Forecasts, by Technology, 2021 - 2035

5.1.1. IoT

5.1.2. AI & ML

5.1.3. Cloud computing

5.1.4. 5G networking

5.1.5. Edge computing

5.1.6. Others

6.      Global Smart Cities Market Estimates & Forecast Trend Analysis, by Solution

6.1.    Global Smart Cities Market Revenue (US$ Bn) Estimates and Forecasts, by Solution, 2021 - 2035

6.1.1. Smart governance

6.1.2. Smart economy & development

6.1.3. Smart transportation

6.1.4. Smart monitoring & control

6.1.5. Smart healthcare

6.1.6. Smart & sustainable environment

6.1.7. Others

7.      Global Smart Cities Market Estimates & Forecast Trend Analysis, by Application

7.1.    Global Smart Cities Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2021 - 2035

7.1.1. Transportation

7.1.2. Waste management

7.1.3. Energy management

7.1.4. Utility management

7.1.5. Public safety

7.1.6. Environmental monitoring

7.1.7. Others

8.      Global Smart Cities Market Estimates & Forecast Trend Analysis, by Region

8.1.    Global Smart Cities Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2021 - 2035

8.1.1. North America

8.1.2. Eastern Europe

8.1.3. Western Europe

8.1.4. Asia Pacific

8.1.5. Middle East & Africa

8.1.6. Latin America

9.      North America Smart Cities Market: Estimates & Forecast Trend Analysis

9.1.    North America Smart Cities Market Assessments & Key Findings

9.1.1. North America Smart Cities Market Introduction

9.1.2. North America Smart Cities Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

9.1.2.1.   By Component

9.1.2.2.   By Technology

9.1.2.3.   By Solution

9.1.2.4.   By Application

9.1.2.5.   By Country

9.1.2.5.1.     The U.S.

9.1.2.5.2.     Canada

9.1.2.5.3.     Mexico

10.  Western Europe Smart Cities Market: Estimates & Forecast Trend Analysis

10.1.  Western Europe Smart Cities Market Assessments & Key Findings

10.1.1.   Western Europe Smart Cities Market Introduction

10.1.2.   Western Europe Smart Cities Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

10.1.2.1.    By Component

10.1.2.2.    By Technology

10.1.2.3.    By Solution

10.1.2.4.    By Application

10.1.2.5.    By Country

10.1.2.5.1.  Germany

10.1.2.5.2.  Italy

10.1.2.5.3.  U.K.

10.1.2.5.4.  France

10.1.2.5.5.  Spain

10.1.2.5.6.  Benelux

10.1.2.5.7.  Nordics

10.1.2.5.8. Rest of W. Europe

11.  Eastern Europe Smart Cities Market: Estimates & Forecast Trend Analysis

11.1.  Eastern Europe Smart Cities Market Assessments & Key Findings

11.1.1.   Eastern Europe Smart Cities Market Introduction

11.1.2.   Eastern Europe Smart Cities Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

11.1.2.1.    By Component

11.1.2.2.    By Technology

11.1.2.3.    By Solution

11.1.2.4.    By Application

11.1.2.5.    By Country

11.1.2.5.1.  Russia

11.1.2.5.2.  Hungary

11.1.2.5.3.  Poland

11.1.2.5.4.  Balkan & Baltics

11.1.2.5.5. Rest of E. Europe

12.  Asia Pacific Smart Cities Market: Estimates & Forecast Trend Analysis

12.1.  Asia Pacific Market Assessments & Key Findings

12.1.1.   Asia Pacific Smart Cities Market Introduction

12.1.2.   Asia Pacific Smart Cities Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

12.1.2.1.    By Component

12.1.2.2.    By Technology

12.1.2.3.    By Solution

12.1.2.4.    By Application

12.1.2.5.    By Country

12.1.2.5.1. China

12.1.2.5.2. Japan

12.1.2.5.3. India

12.1.2.5.4. Australia & New Zealand

12.1.2.5.5. South Korea

12.1.2.5.6. ASEAN

12.1.2.5.7. Rest of Asia Pacific

13.  Middle East & Africa Smart Cities Market: Estimates & Forecast Trend Analysis

13.1.  Middle East & Africa Market Assessments & Key Findings

13.1.1.   Middle East & Africa Smart Cities Market Introduction

13.1.2.   Middle East & Africa Smart Cities Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

13.1.2.1.    By Component

13.1.2.2.    By Technology

13.1.2.3.    By Solution

13.1.2.4.    By Application

13.1.2.5.    By Country

13.1.2.5.1. UAE

13.1.2.5.2. Saudi Arabia

13.1.2.5.3. Turkey

13.1.2.5.4. South Africa

13.1.2.5.5. Rest of MEA

14.  Latin America Smart Cities Market: Estimates & Forecast Trend Analysis

14.1.  Latin America Market Assessments & Key Findings

14.1.1.   Latin America Smart Cities Market Introduction

14.1.2.   Latin America Smart Cities Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)

14.1.2.1.    By Component

14.1.2.2.    By Technology

14.1.2.3.    By Solution

14.1.2.4.    By Application

14.1.2.5.    By Country

14.1.2.5.1. Brazil

14.1.2.5.2. Argentina

14.1.2.5.3. Colombia

14.1.2.5.4. Rest of LATAM

15.  Country Wise Market: Introduction

16.  Competition Landscape

16.1.  Global Smart Cities Market Product Mapping

16.2.  Global Smart Cities Market Concentration Analysis, by Leading Players / Innovators / Emerging Players / New Entrants

16.3.  Global Smart Cities Market Tier Structure Analysis

16.4.  Global Smart Cities Market Concentration & Company Market Shares (%) Analysis, 2023

17.  Company Profiles

17.1.      Schneider Electric

17.1.1.   Company Overview & Key Stats

17.1.2.   Financial Performance & KPIs

17.1.3.   Product Portfolio

17.1.4.   SWOT Analysis

17.1.5.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

17.2.      IBM

17.3.      Siemens

17.4.      Microsoft

17.5.      Hitachi

17.6.      Cisco

17.7.      Huawei

17.8.      Intel

17.9.      NEC

17.10.  ABB

17.11.  Ericsson

17.12.  Oracle

17.13.  Fujitsu

17.14.  Honeywell

17.15.  Accenture

17.16.  Vodafone

17.17.  AWS

17.18.  Thales

17.19.  Signify

17.20.  Kapsch

17.21.  Motorola

17.22.  GE

17.23.  Google

17.24.  TCS

17.25.  AT&T

17.26.  Nokia

17.27.  Samsung

17.28.  SAP

17.29.  TomTom

17.30.  AppyWay

17.31.  Ketos

17.32.  Gaia

17.33.  TaKaDu

17.34.  FlamencoTech

17.35.  XENIUS

17.36.  Bright Cities

17.37.  Maydtech

17.38.  Zencity

17.39.  Itron

17.40.  Others

18.  Research Methodology

18.1.  External Transportations / Databases

18.2.  Internal Proprietary Database

18.3.  Primary Research

18.4.  Secondary Research

18.5.  Assumptions

18.6.  Limitations

18.7.  Report FAQs

19.  Research Findings & Conclusion

 

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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Smart Cities Market in 2025?

Smart Cities Market was valued at USD 848.0 Billion in 2025.

What is the growth rate for the Smart Cities Market?

Smart Cities Market size will increase at approximate CAGR of 28.2% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the market are Schneider Electric, IBM, Siemens, Microsoft, Hitachi, Cisco and Others.

Which region dominates the Smart Cities Market?

North America dominates the market with an active share of 49.1%.

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