Australia Smart Cities Market Size & Outlook, 2023-2030
Australia smart cities market, 2018-2030 (US$B)
Related Markets
Australia smart cities market highlights
- The Australia smart cities market generated a revenue of USD 18.7 billion in 2023 and is expected to reach USD 130.2 billion by 2030.
- The Australia market is expected to grow at a CAGR of 32% from 2024 to 2030.
- In terms of segment, smart utilities was the largest revenue generating application in 2023.
- Environmental Solution is the most lucrative application segment registering the fastest growth during the forecast period.
Smart cities market data book summary
| Market revenue in 2023 | USD 18.7 billion |
| Market revenue in 2030 | USD 130.2 billion |
| Growth rate | 32% (CAGR from 2023 to 2030) |
| Largest segment | Smart utilities |
| Fastest growing segment | Environmental Solution |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Smart Governance, Smart Building, Environmental Solution, Smart Utilities, Smart Transportation, Smart Healthcare |
| Key market players worldwide | ABB Ltd, Schneider Electric SE, Cisco Systems Inc, Telefonaktiebolaget L M Ericsson ADR, Honeywell International Inc, International Business Machines Corp, Itron Inc, Kapsch Group, Huawei Technologies, Microsoft Corp, Oracle Corp, Ams-OSRAM AG, SAP SE, Siemens AG, Telensa, Verizon Communications Inc, Vodafone Group PLC |
Other key industry trends
- In terms of revenue, Australia accounted for 2.5% of the global smart cities market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart cities market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 57.7 billion by 2030.
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Smart Cities Market Scope
Smart Cities Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 utilities was the largest segment with a revenue share of 27.81% in 2023. Horizon Databook has segmented the Australia smart cities market based on smart governance, smart building, environmental solution, smart utilities, smart transportation, smart healthcare covering the revenue growth of each sub-segment from 2018 to 2030.
Australia has made significant strides in developing smart cities, with various projects and development initiatives implemented across the country which helps in developing awareness and incorporating smart living among the societies. For instance, Ten Gigabit Adelaide is a smart city project in Adelaide, the city capital of South Australia.
The plan aims to assist businesses in their connectivity and network requirements by providing seamless and uninterrupted access to high-speed networks in the city. Thus, the following developments in the country are expected to drive the adoption of smart cities solution in the Australian market.
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Target buyers of Australia 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 country-level data and insights on the Australia smart cities market , including forecasts for subscribers. This country databook contains high-level insights into Australia smart cities market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia smart cities market size, by application, 2018-2030 (US$B)
Australia Smart Cities Market Outlook Share, 2023 & 2030 (US$B)
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