Smart City Information And Communication Technologies (ICT) Infrastructure Market to grow by USD 98.9 billion from 2022 to 2027|Growth driven by growing investments in smart cities - Technavio

NEW YORK, July 21, 2023 /PRNewswire/ -- The Smart City Information And Communication Technologies (ICT) Infrastructure Market to grow by USD 98.9 billion from 2022 to 2027. The growth momentum will progress at a CAGR of 21.15% during the forecast period, according to Technavio. The smart city ICT infrastructure market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  ABB Ltd., Accenture Plc, AT and T Inc., Cisco Systems Inc., Deutsche Telekom AG, Hitachi Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., Nokia Corp., Oracle Corp., Schneider Electric SE, Siemens AG, Telefonaktiebolaget LM Ericsson, Telefonica SA, Verizon Communications Inc., Vodafone Group Plc, China Mobile Ltd., and NTT Communications Corp. are some of the major market participants -. To know about the vendor offerings - Request a sample report

Smart City ICT Infrastructure Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The smart city ICT infrastructure market report covers the following areas:

• Smart City ICT Infrastructure Market Size
• Smart City ICT Infrastructure Market Trends
• Smart City ICT Infrastructure Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The smart city ICT infrastructure market is fragmented, and the degree of fragmentation will accelerate. The growing investments in smart cities will offer immense growth opportunities. However, technological adaptability will hamper the market growth.

Smart City ICT Infrastructure Market 2023-2027: Drivers & Challenges

The increase in IT consolidation and modernization drives the growth of the smart city ICT infrastructure market. By consolidating IT, organizations can improve operational effectiveness and scale economies. Furthermore, due to the expansion of IT consolidation in the public sector, demand for consolidated IT services will also increase. Additionally, young people around the world have a lot of job opportunities owing to these new trends in IT consolidation, which is driving talent migration. Hence, such factors boost the market growth during the forecast period.

The growing advanced technologies challenge the growth of the smart city ICT infrastructure market. Smart city initiatives use cutting-edge technologies. They come with significant initial costs and they are relatively new and developing quickly. Furthermore, ensuring that such advanced technologies are safe and will also respect a resident's privacy is a challenge associated with the development of advanced technologies. For instance, laws governing data protection may restrict the gathering and use of specific types of data, while laws governing infrastructure and public services may be slow to change. Hence, such challenges impede market growth during the forecast period.

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Smart City ICT Infrastructure Market 2023-2027: Segment Analysis

• Component 
• Smart Utilities
• Smart Transport
• Smart Home And Building
• Others
• Application 
• Communication
• Transportation
• Express
• Government
• Education
• Geography 
• Europe
• North America
• APAC
• Middle East And Africa
• South America

Smart City ICT Infrastructure Market 2023-2027: Segmentation Highlights

The smart utilities segment is significant for market growth during the forecast period. The segment is driven by the growing focus on energy conservation, increased consumption of energy, and government policies and incentives favoring the deployment of smart grids worldwide. Also, the benefits offered by smart grids, such as enhanced cyber security and efficient management of various electricity sources are driving the adoption of smart utilities, which is fueling the segment growth.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Smart City ICT Infrastructure Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist smart city ICT infrastructure market growth during the next five years
• Estimation of the smart city ICT infrastructure market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the smart city ICT infrastructure market across Europe, North America, APAC, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart city ICT infrastructure market vendors

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Smart City Market size is estimated to grow by USD 288.7 billion between 2022 and 2027 accelerating at a CAGR of 24.53% during the forecast period. This smart city report extensively covers market segmentation by application (smart infrastructure, smart energy, smart mobility, smart security, and others), component (hardware, software, and services), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The increase in IT consolidation and modernization is the key factor driving the global smart city market growth. 

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global smart city ICT infrastructure market 2017 - 2021 
• Exhibit 18: Historic Market Size ? Data Table on Global smart city ICT infrastructure market 2017 - 2021 ($ billion)

• 4.2 Component Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Component Segment 2017 - 2021 ($ billion)

• 4.3 Applicaton Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size ? Applicaton Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Smart utilities - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Smart utilities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Smart utilities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Smart utilities - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Smart utilities - Year-over-year growth 2022-2027 (%)

• 6.4 Smart transport - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Smart transport - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Smart transport - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Smart transport - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Smart transport - Year-over-year growth 2022-2027 (%)

• 6.5 Smart home and building - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Smart home and building - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Smart home and building - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Smart home and building - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Smart home and building - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Component 
• Exhibit 50: Market opportunity by Component ($ billion)
• Exhibit 51: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 52: Chart on Application - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 54: Chart on Comparison by Application
• Exhibit 55: Data Table on Comparison by Application

• 7.3 Communication - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Communication - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Communication - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Communication - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Communication - Year-over-year growth 2022-2027 (%)

• 7.4 Transportation - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Transportation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Transportation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Transportation - Year-over-year growth 2022-2027 (%)

• 7.5 Express - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Express - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Express - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Express - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Express - Year-over-year growth 2022-2027 (%)

• 7.6 Governement - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Governement - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Data Table on Governement - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Chart on Governement - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Governement - Year-over-year growth 2022-2027 (%)

• 7.7 Education - Market size and forecast 2022-2027 
• Exhibit 72: Chart on Education - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Data Table on Education - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Chart on Education - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Education - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 76: Market opportunity by Application ($ billion)
• Exhibit 77: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 79: Chart on Market share by geography 2022-2027 (%)
• Exhibit 80: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 81: Chart on Geographic comparison
• Exhibit 82: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 91: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Spain - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Spain - Market size and forecast 2022-2027 ($ billion)
• Exhibit 116: Data Table on Spain - Market size and forecast 2022-2027 ($ billion)
• Exhibit 117: Chart on Spain - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Spain - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 119: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 120: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 121: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 123: Market opportunity by geography ($ billion)
• Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 125: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 126: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 127: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 128: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 129: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 130: Matrix on vendor position and classification

• 12.3 ABB Ltd.
• Exhibit 131: ABB Ltd. - Overview
• Exhibit 132: ABB Ltd. - Business segments
• Exhibit 133: ABB Ltd. - Key offerings
• Exhibit 134: ABB Ltd. - Segment focus

• 12.4 Accenture Plc
• Exhibit 135: Accenture Plc - Overview
• Exhibit 136: Accenture Plc - Business segments
• Exhibit 137: Accenture Plc - Key offerings
• Exhibit 138: Accenture Plc - Segment focus

• 12.5 AT and T Inc.
• Exhibit 139: AT and T Inc. - Overview
• Exhibit 140: AT and T Inc. - Business segments
• Exhibit 141: AT and T Inc. - Key news
• Exhibit 142: AT and T Inc. - Key offerings
• Exhibit 143: AT and T Inc. - Segment focus

• 12.6 China Mobile Ltd.
• Exhibit 144: China Mobile Ltd. - Overview
• Exhibit 145: China Mobile Ltd. - Product / Service
• Exhibit 146: China Mobile Ltd. - Key offerings

• 12.7 Cisco Systems Inc.
• Exhibit 147: Cisco Systems Inc. - Overview
• Exhibit 148: Cisco Systems Inc. - Business segments
• Exhibit 149: Cisco Systems Inc. - Key news
• Exhibit 150: Cisco Systems Inc. - Key offerings
• Exhibit 151: Cisco Systems Inc. - Segment focus

• 12.8 Hitachi Ltd.
• Exhibit 152: Hitachi Ltd. - Overview
• Exhibit 153: Hitachi Ltd. - Business segments
• Exhibit 154: Hitachi Ltd. - Key news
• Exhibit 155: Hitachi Ltd. - Key offerings
• Exhibit 156: Hitachi Ltd. - Segment focus

• 12.9 Honeywell International Inc. 
• Exhibit 157: Honeywell International Inc. - Overview
• Exhibit 158: Honeywell International Inc. - Business segments
• Exhibit 159: Honeywell International Inc. - Key news
• Exhibit 160: Honeywell International Inc. - Key offerings
• Exhibit 161: Honeywell International Inc. - Segment focus

• 12.10 Huawei Technologies Co. Ltd. 
• Exhibit 162: Huawei Technologies Co. Ltd. - Overview
• Exhibit 163: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 164: Huawei Technologies Co. Ltd. - Key news
• Exhibit 165: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 166: Huawei Technologies Co. Ltd. - Segment focus

• 12.11 International Business Machines Corp. 
• Exhibit 167: International Business Machines Corp. - Overview
• Exhibit 168: International Business Machines Corp. - Business segments
• Exhibit 169: International Business Machines Corp. - Key offerings
• Exhibit 170: International Business Machines Corp. - Segment focus

• 12.12 Nokia Corp.
• Exhibit 171: Nokia Corp. - Overview
• Exhibit 172: Nokia Corp. - Business segments
• Exhibit 173: Nokia Corp. - Key offerings
• Exhibit 174: Nokia Corp. - Segment focus

• 12.13 NTT Communications Corp. 
• Exhibit 175: NTT Communications Corp. - Overview
• Exhibit 176: NTT Communications Corp. - Product / Service
• Exhibit 177: NTT Communications Corp. - Key news
• Exhibit 178: NTT Communications Corp. - Key offerings

• 12.14 Oracle Corp.
• Exhibit 179: Oracle Corp. - Overview
• Exhibit 180: Oracle Corp. - Business segments
• Exhibit 181: Oracle Corp. - Key news
• Exhibit 182: Oracle Corp. - Key offerings
• Exhibit 183: Oracle Corp. - Segment focus

• 12.15 Siemens AG
• Exhibit 184: Siemens AG - Overview
• Exhibit 185: Siemens AG - Business segments
• Exhibit 186: Siemens AG - Key news
• Exhibit 187: Siemens AG - Key offerings
• Exhibit 188: Siemens AG - Segment focus

• 12.16 Verizon Communications Inc. 
• Exhibit 189: Verizon Communications Inc. - Overview
• Exhibit 190: Verizon Communications Inc. - Business segments
• Exhibit 191: Verizon Communications Inc. - Key offerings
• Exhibit 192: Verizon Communications Inc. - Segment focus

• 12.17 Vodafone Group Plc
• Exhibit 193: Vodafone Group Plc - Overview
• Exhibit 194: Vodafone Group Plc - Business segments
• Exhibit 195: Vodafone Group Plc - Key offerings
• Exhibit 196: Vodafone Group Plc - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 197: Inclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 198: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 199: Research methodology
• Exhibit 200: Validation techniques employed for market sizing
• Exhibit 201: Information sources

• 13.5 List of abbreviations 
• Exhibit 202: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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