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Smart Cities: Growth, Trends & Market Forecasts 2023-2028

  • Report

  • May 2023
  • Region: Global
  • Juniper Research
  • ID: 5732181
The new Smart Cities Market research report provides an invaluable guide to the evolution and future promise of a wide number of smart technologies contributing to this highly important sector. Covering the environmental impact of the digital technologies in the market improving public services and urban infrastructure, such as artificial intelligence, connectivity and sensors, the report gives key insights into smart city initiatives and projects. It also extensively covers the capabilities smart city solutions enable, such as improving city quality of life, reducing air pollution and increasing economic growth. The research shows where technological innovation is at its best, and as such, is key to understanding this important market. The research scores 50 cities on their smart capabilities to produce a ranking that highlights the best examples of urban innovation in the world; providing a critical source for intelligence on this rapidly moving market. The report also presents extensive market forecasts covering the most popular smart city applications; delivering detailed market sizing across smart lighting, smart traffic management, smart grid deployment and MaaS (Mobility-as-a Service).

Key Statistics

  • $96bn - Market size in 2023
  • $249bn - Market size in 2028
  • 158% - 2023 to 2028 market growth
  • 2023-2028 - Forecast period

Key Features

Market Dynamics: Provides a detailed assessment of market drivers and the key trends within the smart cities market, as well as an in-depth evaluation of the future growth of the industry and readiness for further disruption. This enables readers to understand the critical innovations driving this market forward.

Key Takeaways & Strategic Recommendations: Featuring major opportunities and crucial factors for smart cities development highlighted across the landscape; making for important reading for key stakeholders, including smart cities platforms, city authorities and others.

Ranking: A scoring of the capabilities and features of the world’s leading smart cities; showcasing the best innovations in this area. This report presents a ranking of the top 20 smart cities in the world today, scored and ranked from a wider list of 50 innovative cities. For each of the top 20 cities, a full profile is provided of the city’s initiatives and what future developments we anticipate.

Benchmark Industry Forecasts: 5-year forecasts for deployments of smart city technologies; covering the installed base, market value, shipments and environmental impact of the following technologies: smart lighting, MaaS, smart traffic management, smart parking and smart grid. These are split across the following 60 countries, split by our 8 key regions:

North America:
  • Canada, US
Latin America:
  • Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
West Europe:
  • Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
Central & East Europe:
  • Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
Far East & China:
  • China, Hong Kong, Japan, South Korea
Indian Subcontinent:
  • Bangladesh, India, Nepal, Pakistan
Rest of Asia Pacific:
  • Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
Africa & Middle East
  • Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Research Deliverables

  • Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
  • Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
  • harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.