Global Smart Cities Market Size & Outlook, 2025-2030
Global smart cities market, 2018-2030 (US$M)
Related Markets
Global smart cities market highlights
- The global smart cities market generated a revenue of USD 877.6 million in 2024 and is expected to reach USD 3,757.9 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 29.4% by 2030.
- In terms of segment, smart governance accounted for a revenue of USD 280.2 million in 2024.
- Smart Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 877.6 million |
| Market revenue in 2030 | USD 3,757.9 million |
| Growth rate | 29.4% (CAGR from 2025 to 2030) |
| Largest segment | Smart governance |
| Fastest growing segment | Smart Transportation |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Governance, Smart Building, Environmental Solution, Smart Utilities, Smart Transportation, Smart Healthcare, Smart Public Safety, Smart Security, Smart Education |
Other key industry trends
- In terms of revenue, the North America accounted for 21.2% of the global smart cities market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 210.3 million by 2030.
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Smart Cities Market Scope
Smart Cities Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Telensa | View profile | 101-250 | Pampisford, Cambridgeshire, United Kingdom, Europe | http://www.telensa.com/ |
| Kapsch Group | View profile | 1001-5000 | Vienna, Wien, Austria, Europe | https://www.kapsch.net/ |
| Itron Inc | View profile | 5859 | 2111 North Molter Road, Liberty Lake, WA, United States, 99019 | https://www.itron.com |
| Vodafone Group PLC | View profile | 85225 | Vodafone House, The Connection, Newbury, Berkshire, United Kingdom, RG14 2FN | https://www.vodafone.com |
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Telefonaktiebolaget L M Ericsson ADR | View profile | 99952 | Torshamnsgatan 21, Kista, Stockholm, Sweden, SE-164 83 | https://www.ericsson.com |
| Ams-OSRAM AG | View profile | 22461 | Tobelbader Strasse 30, Premstaetten, Austria, 8141 | https://www.ams-osram.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Global smart cities market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart cities market will help companies and investors design strategic landscapes.
Smart governance was the largest segment with a revenue share of 31.93% in 2024. Horizon Databook has segmented the Global smart cities market based on smart governance, smart building, environmental solution, smart utilities, smart transportation, smart healthcare, smart public safety, smart security, smart education covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Cities Application Outlook (Revenue, USD Million, 2018-2030)
- Smart Governance
- City Surveillance
- C.C.S.
- E-governance
- Smart Lighting
- Smart Infrastructure
- Smart Building
- Environmental Solution
- Smart Utilities
- Energy Management
- Water Management
- Waste Management
- Meter Data Management
- Distribution Management System
- Substation Automation
- Other Smart Utilities Solutions
- Smart Transportation
- Intelligent Transportation System
- Parking Management
- Smart Ticketing & Travel Assistance
- Traffic Management
- Passenger Information
- Connected Logistics
- Other Smart Transportation Solutions
- Smart Healthcare
- Medical Devices
- Systems & Software
- Smart Public Safety
- Smart Security
- Smart Education
- Smart Governance
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Target buyers of Global smart cities market databook
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Our clientele includes a mix of smart cities market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart cities market , including forecasts for subscribers. This global databook contains high-level insights into Global smart cities market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart cities market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart cities market size, 2023 (US$B)
Global smart cities market share, by application, 2023 & 2030 (%, US$B)
Smart cities market: Opportunity assessment by country
Global smart cities market, by region, 2024 (US$M)
Related statistics
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