Global Smart Cities Market - 2020-2027
全球大城市對公共安全和電信基礎設施的需求不斷成長，對環境問題和綠色環保的關注日益增加，以及來自世界各國政府的大量投資和政策支持，全球智慧城市市場預計大幅度成長。在各地區中，北美各國為最大市場，另一方面亞太地區的新興國家 (印度，中國，新加坡，韓國等) 今後也預計有迅速的市場成長。
A smart city refers to an urban area that uses various types of electronic methods and sensors, with an aim to collect data. Insights acquired from that data are used to manage resources, assets, and services efficiently; that data is used to enhance the operations across the city. This includes data collected from devices, citizens, buildings, and assets that is then analyzed and processed to monitor and manage power plants, water supply networks, traffic and transportation systems, utilities, waste, crime detection, information systems, across several areas, such as schools, libraries, hospitals, and other community services.
The smart cities market is driven by the increasing demand for public safety, growing government initiatives, and rising urban population. In smart cities, technologies such as DNA phenotyping, video surveillance, and real-time license plate and facial recognition are broadly used for public safety, indicating the necessity for surveillance to make sure the safety of citizens.
Successful enactment of smart city projects primarily depends on telecommunications infrastructure and its usage for public safety. Every city needs to make sure that communication platforms are accessible and established to realize the model of smart cities in an open and resource-efficient manner. Entry to modern cities includes the basic infrastructure for data communication, which is the key component for every city seeking to become "smart." For instance, mobile networks, fixed networks, and dedicated networks for IoT applications will be crucial for such cities.
Urbanized areas hold a huge portion of global energy consumption and are expected to release up to 80% GHG. The increasing usage of energy sources results in the rising amount of carbon emissions and energy dissipation, which urgently rising the demand for a sustainable and efficient use of energy. Electricity generation reports for almost one-fourth of CO2 emissions globally. Increasing concerns over ozone depletion and global warming have accelerated the efforts of governments of developed and emerging nations to control their carbon footprint, with governments enforcing stricter regulations to limit emissions.
One of the major challenges associated for the growth of the smart cities market is project funding for huge initial CAPEX. It has come to be the national/local government's major responsibility to invest in the transformation process of smart city infrastructure. It is easy to understand that governments possess the need, vision, and clarity for such transformations; however, the lack of budgetary allocations for large-scale implementations impedes the pace of the transformation process, either directly or indirectly. Such heavy investments could add to the economic burden of debt-ridden governments or local municipal authorities, which adversely affects future general budgets.
Smart city technology providers have witnessed a steady adoption of solutions for several areas, such as smart transportation, smart buildings, smart citizen services, and smart citizen services. The necessity of innovative smart city solutions, which can be efficiently coupled with big data, IoT, cloud, security, analytics, and network connectivity, are on the rise across these application areas. The implementation of IoT in smart city focus areas, such as smart citizen services and smart citizen services, is expected to increase the adoption of smart city solutions during the pandemic, as regulatory authorities of several countries are primarily focused on monitoring the safety, health, and living standard of their citizens. To cater to the need for coping IoT devices across various cities, smart city solution vendors need to improve the management capabilities of their solutions.
Based on smart buildings, the smart cities market has been classified into smart building, smart transportation, and smart services.
Based on smart building, the smart cities market is segmented into type, solution, and services.
The deployment of novel smart building systems can be challenging for organizations that lack skilled personnel to deploy the product. Moreover, integrating new smart building solutions with the current IT infrastructure can also be a challenging job. In such cases, deployment and integration services are useful in implementing smart building solutions. Incorporating the best solutions for various requirements of a smart building instead of using one single package facilitates the higher performance of the smart building components.
Based on smart citizen services, the smart cities market has been classified into public safety, smart healthcare, smart education, smart street lighting and e-governance.
Among smart citizen services solutions, the citizen safety system segment to grow at a higher CAGR during the forecast period.
Citizen safety is the topmost priority for every government organization. People are highly dependent on the safety services that are offered by the government at the local, state, or federal levels. Various solutions, such as real-time crime reports, aerial systems, video analytics for law enforcement and Integrated Emergency Management Systems (IEMS), can help government authorities provide better security to citizens.
Based on geography, the study analyzes the smart cities market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America governed dominated the overall smart cities market in terms of revenue in 2019 due to significant adoption of smart cities solutions aided by high ICT spending among government organizations and rising demand for connected solutions across the region. However, Asia-Pacific is expected to witness the fastest growth rate during the forecast period due to the factor such as rise in IT spending supported by government initiatives in emerging economies such as India, China, Singapore, and South Korea.
The smart cities market is highly competitive. The key smart cities players which are contributing to the growth of the global market include Cisco Systems, IBM, Siemens AG, Schneider Electric, Ericsson, Vodafone, Itron Inc., Verizon, Telensa, ABB, Honeywell International Inc., SAP SE, KAPSCH Group, and AGT International, Zhongshan Woli Lighting, Foshan Kaicheng Lighting, SHENZHEN LONG SUN OPTOELECTRONICS TEHNOLOGY Co.,Ltd, Yangzhou Bright Solar Solutions Co., Ltd., GUANGDONG WORLD OPTO-ELECTRONIC CO.,LTD., among others. The major players are adopting new product launch and expansion strategies for global growth in the smart cities market.
ABB Ltd. is a technology company engaged in the development and provision of electrification and automation solutions. The company operates via the following business segments, such as Electrification, Motion, Industrial Automation, Robotics & Discrete Automation and Corporate, and Other. The company primarily deals in robotics, power, automation technology, and heavy electrical equipment. Additionally, the company provides customer service in utilities, transport, infrastructure, and industry sector across the globe. The company operates in four divisions' that is robots &automation, electrification products, power grids, and industrial automation. The company was founded on January 1988 and is headquartered in Zurich, Switzerland.
Product Portfolio: The Company's portfolio comprises circuit breakers, UPS solutions, motors, generators, drives and robotics, automatic solutions, among others.