About Smart City ICT Infrastructure
A smart city is a city that undergoes development projects to integrate information and communication technology (ICT) and the internet of things (IoT) in a secure system to manage the assets of a city. These assets include schools, hospitals, power plants, libraries, waste management, law enforcement, water supply networks, and transportation systems. A smart city uses urban informatics and technology to improve the efficiency of services. ICT lets the people interact directly with the community & city infrastructure and also monitors the surroundings of the city and its evolution that in turn opens new opportunities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European and United States Players will contribute the maximum growth to Global Smart City ICT Infrastructure market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), HP (United States), ABB (Switzerland), AT&T Inc. (United States), Cisco Systems, Inc. (United States), Hitachi, Ltd. (Japan), Honeywell International Inc. (United States), Huawei Technologies Co., Ltd. (China), IBM (United States), NTT Communications (Japan), Oracle Corporation (United States), Siemens AG (Germany), Verizon Communications Inc. (United States), Vodafone Group plc (United Kingdom), Accenture plc (Ireland), Alcatel-Lucent (France), Ericsson (Sweden) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Telefónica, S.A. (Spain), Toshiba (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Smart City ICT Infrastructure market by Type (Smart Grid, Smart Home and Building, Smart Water Network, Smart Healthcare, Smart Education, Smart Security and Smart Transport), Application (Communications Industry, Transportation Industry, Express Industry, Government, Education and Others) and Region.
On the basis of geography, the market of Smart City ICT Infrastructure has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Delivery Model, the sub-segment i.e. Offshore will boost the Smart City ICT Infrastructure market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Infrastructure, the sub-segment i.e. Data Layer will boost the Smart City ICT Infrastructure market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of IoT Technology for Infrastructure Management and City Monitoring
Market Growth Drivers:
Rapid Urbanization over the Past Two Decades has Led to the, Mushrooming of Megacities around the World and Exponentially Rising Urban Population Actuating Amart Management
Challenges:
Disruption in Logistics and Supply Chain of IoT Devices
Restraints:
The Complicated and Costly Infrastructure of Smart City ICT Infrastructure
Opportunities:
Innovation and Technology Development in the Smart City ICT Infrastructure and Industrial and Commercial Deployments of Smart City ICT Infrastructure
Market Leaders and their expansionary development strategies
In April 2024, BeyondTrust, the worldwide leader in intelligent identity and access security, has announced a definitive agreement to acquire Entitle, a pioneering privilege management solution that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA) across the entire cloud estate.
In March 2022, Bengaluru Smart City Limited launched an ICCC to deal with any emergencies and civic problems.
Key Target Audience
Smart City ICT Infrastructure Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.