Smart City Market Overview, Size, Share Report & Trends

The Smart City Platforms Global Market Report 2023, provides comprehensive information on the smart city platforms market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Smart City Platforms Global Market Report 2023, the global smart city platforms market size is expected to grow from $155.03 billion in 2022 to $174.96 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart city platforms market size is expected to grow to $277.49 billion in 2027 at a CAGR of 12.2%.

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Technological advancements are a key trend gaining popularity in the smart city platforms market. Major companies operating in the smart city platforms market are focused on developing new technological solutions to strengthen their market position. For instance, in July 2022, Ubicquia, Inc., a US-based provider of intelligent infrastructure platforms for municipalities, utilities, and mobile operators, launched UbiHub, a way for cities to deploy public Wi-Fi and cameras that help in traffic analytics, public safety, and license plate recognition. It is uniquely designed with the industry’s first integrated Wi-Fi 6 and an edge AI platform that can be plugged into a photocell socket in 30 seconds and delivers data in minutes. The platform enables communities and law enforcement to cost-effectively scale and turn their existing streetlight infrastructure into a network of connected digital assets. It is compatible with 360 million streetlights globally.

The smart city platforms market is segmented:

1) By Offering: Platforms, Services

2) By Deployment Model: On Premise, Cloud

3) By Delivery Model: Offshore, Hybrid, Onshore

4) By Application: Smart Infrastructure, Smart Governance and Smart Education, Smart Energy, Smart Mobility, Smart Healthcare, Smart Buildings, Other Applications

North America was the largest region in the smart city platforms market in 2022.

The table of contents in TBRC’s smart city platforms market report inclu

1. Executive Summary
2. Smart City Platforms Market Characteristics
3. Smart City Platforms Market Trends And Strategies
4. Smart City Platforms Market – Macro Economic Scenario
5. Smart City Platforms Market Size And Growth

 

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26. Africa Smart City Platforms Market
27. Smart City Platforms Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart City Platforms Market
29. Smart City Platforms Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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