Smart Cities Global Market Report 2022: 5G Technology Will Play a Transformative Role in Industry Growth –

DUBLIN–(BUSINESS WIRE)–Added Smart Cities – Global Market Trajectory & Analytics report Offer.

The global smart cities market is projected to reach $2.8 trillion by 2027

Amid the COVID-19 crisis, the global smart city market, valued at US$680.7 billion in 2020, is projected to reach a revised size of US$2.8 trillion by 2027 and in 2020- Grow at a CAGR of 22.1% in 2027. Hardware, one of the segments analyzed in the report, is expected to register a CAGR of 19.6% and reach $1.3 trillion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Software segment is adjusted to a revised annual growth rate of 23.5% for the next 7 years.

The US market is valued at US$206.5 billion while China is forecast to grow at CAGR 25.6%

The smart cities market in the US is valued at US$206.5 billion in 2020. China, the second largest economy in the world, is forecast to reach a projected market size of US$402.5 billion by the year 2027, representing a CAGR of 25.6% over the 2020-2027 period. Among the other notable geographic markets include Japan and Canada, which are forecasting growth of 17.5% and 20.5%, respectively, over the period 2020-2027. Within Europe, growth of approx. 24.5% CAGR is forecast for Germany.

Select competitors (total 187 featured)

  • ABB Ltd.

  • Accenture Plc

  • AppyWay

  • AVEVA Group plc.

  • Cisco Systems, Inc.

  • engineering

  • General Electric

  • Hitachi, Ltd.

  • Honeywell International, Inc.

  • Huawei Technologies Co.,Ltd

  • IBM Corporation

  • Intel Corporation

  • Itron, Inc.

  • Johnson Controls International plc

  • Kapsch TrafficCom AG

  • Libelium Comunicaciones Distribuidas SL

  • Microsoft Corporation

  • Nokia Corporation

  • Oracle Corporation

  • Osram GmbH

  • Panasonic Corporation of North America


  • Schneider Electric SA

  • Siemens AG

  • Mean Netherlands BV

  • Tata Consulting Services – Telefonaktiebolaget LM Ericsson

  • Telensa Limited

  • Thales Group

  • TomTom NV

  • Urbiotics

  • Verizon Communications, Inc.

  • Vodafone Group plc

  • Worldsensing SL

Main topics covered:






  • Advanced technologies create the perfect ground for the transformation of smart cities

  • Transformational role of 5G technology and Wi-Fi 6/6E in the development of smart cities

  • 5G brings greater scalability

  • Digital twins provide meaningful insights into smart city projects

  • Cyber-Physical Systems & Robotic Process Automation for wider adoption

  • Blockchain technology will gain importance in resource sharing and intelligent logistics

  • Investing in smart city tech startups is a prudent decision amid a pandemic

  • Focus on building resilient smart cities to drive demand for better internet infrastructure

  • Growing ecological footprint of cities shifts focus to smart cities

  • Funding Support: Essential for Smart Cities initiatives

  • The shift to an open governance model is fueling interest in smart cities

  • V2X communication seeks role in smart city infrastructure

  • C-V2X: The upcoming future-proof V2X standard

  • The IoT lies at the heart of the connected, self-aware environment embodied by smart cities

  • IoT implementations in Smart Homes & Buildings

  • Increasing importance of Smart City as a Service

  • Uniform smart city platforms make big data a reality

  • The transformative role of AI technologies in smart cities optimizes urban services

  • The combination of IoT and AI opens up opportunities

  • Big data drives smart cities and data analytics improves smart city services

  • Fascinating benefits of edge computing span all aspects of smart cities

  • E-government: imperative for transforming cities into smart cities

  • The delivery of Smart Municipal & Utility Services is gaining momentum

  • Smart grids essential for intelligent energy distribution

  • Focus on smart energy management opens up opportunities for smart meters

  • Introduction of intelligent spiral water meters in cities worldwide

  • Smart gas solutions lay a strong foundation for the digital transformation of gas infrastructure and strive to revolutionize how gas utilities operate

  • IoT-based smart metering to create smarter and connected cities

  • Demand-based energy management: Essential for a low-carbon smart city footprint

  • Safety in Smart Cities receives undivided focus

  • Video surveillance plays an important role in public safety in smart cities

  • Advanced analytics for surveillance systems

  • Smart Buildings & Homes get a fair share of the development focus

  • Smart buildings essential to build a smart city

  • Focus on Net Zero Energy Buildings (NZEB) sparks interest in smart building technologies

  • With connectivity being the most important element of smart buildings, In-Building Wireless (IBW) takes the spotlight

  • Consumer spending on smart home technologies is gaining momentum

  • Smart building analytics is gaining in importance

  • Smart and connected lighting systems are making cities smarter and safer, and helping governments turn infrastructure liabilities into assets




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