Smart City Market by Application, Component, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 183 SKU: IRTNTR41110

Smart City Market Forecast 2023-2027

The Smart City Market size is estimated to grow by USD 288.7 billion between 2022 and 2027, at a CAGR of 24.53% during the forecast period. The market's growth rate is influenced by several key factors. One such factor is the increasing demand for metal machining within the oil and gas sector, driven by the need for precision components in drilling and extraction processes. Additionally, the expansion of production facilities dedicated to metal machining contributes to market growth, enabling manufacturers to meet the rising demand effectively. Moreover, increased investments in infrastructure projects, such as construction and transportation, further propel the market forward. These elements collectively indicate a positive growth trajectory for the market, highlighting the crucial role played by metal machining in various industrial applications, including automotive, aerospace, and energy sectors.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This 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). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics

The market is driven by a surge in demand for energy-efficient systems and innovative IoT solutions like PoE (Power over Ethernet), enhancing Smart Buildings with advanced energy management and reducing greenhouse gas emissions. The integration of 5G technology in Commercial buildings is a notable trend, facilitating robust Security & emergency management and efficient Building infrastructure management. Challenges include ensuring seamless integration of AI, Internet-of-Things (IoT), and Virtual Reality (VR) technologies, and addressing complexities in data analytics and cloud computing for optimal waste management and energy consumption control.

Key Market Driver

The increase in IT consolidation and modernization is the key factor driving the global market growth. IT consolidations in organizations help improve operational efficiency and achieve economies of scale. The ever-increasing consolidation of IT infrastructures such as data centers and networking systems in organizations is forcing C-suite executives to implement advanced IT service delivery models like shared and managed IT services.

Moreover, the continual change in technology and the need for IT modernization in numerous industry verticals, such as the manufacturing, BFSI, telecom, and healthcare sectors, are the key factors driving the adoption of IT services and the deployment of smart city projects for providing better connectivity and sustainability. The growing popularity of social media and mobile devices and organizations' focus on modernizing their IT infrastructure are the other factors driving the smart cities market during the forecast period.

Significant Market Trends

The proliferation of smart city projects in emerging economies is the primary trend in the global market. Developed economies in North America and Europe have been working on developing smart cities for a decade and have already implemented many projects. APAC is the fastest-growing region in terms of smart city technologies. Rapid urban growth, fueled by mass migration to the cities, is increasing the urban population in Asia, which is leading to the development of infrastructure in cities, particularly in emerging countries in Asia. Emerging economies like India and China are still in the planning phase and are launching many pilot projects.

Moreover, Cambodia, Phnom Penh, Battambang, and Siem Reap have been selected to take part in the Association of Southeast Asian Nations (ASEAN's) Smart Cities Network, which is working on developing smart, sustainable urban development in 26 cities around the region by 2025. The rapid rate of urbanization in countries like India is also a major factor responsible for the roll-out of smart city projects, as smart city infrastructure help end-users (such as government agencies, healthcare, and transportation service providers) respond faster to the challenges being faced by urban settlements.

Major Market Challenge

The high cost of upgrading smart grids is a major challenge to the global market growth. The high cost of upgrading smart grids is expected to hinder the growth of the global market during the forecast period. The costs involved in upgrading smart grids include additional investments in distribution systems, replacement of transmission lines, power delivering systems, substation digitalization, and digital controls. Consequently, power utilities and independent power producers face the prospect of huge initial capital investment.

The aging power infrastructure of these utilities and their growing need for renewable power grid integration will increase their grid renovation budgets in the coming years. This is the consequence of the near-term cost evasion by utilities, and it acts as a barrier to the adoption of smart grid data management solutions. The power utility providers are reluctant to upgrade their power grids to make them compatible with smart grid data management solutions because of the high costs involved. This is expected to have a significant impact on the growth of the global market in the future.

What is the Fastest-Growing Segments in the Market?

The market is transforming urban environments with a focus on energy-efficient systems and reducing energy consumption. Leveraging Internet of Things (IoT) technologies, cities are implementing Power over Ethernet (PoE) solutions for efficient power delivery, particularly in Smart Buildings solutions and services. These initiatives aim to optimize buildings for sustainability, lower greenhouse gas emissions, and enhance Building management systems to track and manage energy usage effectively. Emerging technologies like 5G technology are driving advancements in Commercial buildings, enabling sophisticated Energy management and robust Security & emergency management solutions. The integration of Artificial Intelligence (AI), Internet-of-Things (IoT), and Virtual Reality (VR) technologies is reshaping Building infrastructure management and enhancing Commercial Real Estate (CRE) operations through Business Information Modeling (BIM).

The market share growth by the smart infrastructure segment will be significant during the forecast period. Smart infrastructure involves digitalization in energy systems, buildings, and industries to enhance the way people live and work by improving efficiency and sustainability. Smart buildings have advanced installation and technology systems that allow the automation of numerous internal processes, such as heating, ventilation, lighting, security, and other systems in the building. 

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The smart infrastructure segment was valued at  USD 28.67 billion in 2017 and continue to grow by 2021. Smart infrastructures are based on their physical structure (cabling, sensors, etc.) and are based on four principles: data, analytics, feedback, and adaptability. Increasing industrial development, commercialization, and awareness of effective utilization of energy and building optimization will drive the adoption of smart infrastructures. Smart infrastructure combines the real and digital worlds in energy systems, buildings, and industries, enhancing the way people live and work and significantly improving efficiency and sustainability.  These factors will positively impact the growth of the smart cities market in focus during the forecast period.

Which are the Key Regions for the Market?

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Europe is projected to contribute 37% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the smart cities market during the forecast period. The industrial sector in Europe is well-developed, with a well-settled end-user market base. Europe is well equipped with the latest technologies to lead the development of smart cities. With the presence of some of the most advanced economies in the world, there is a high concentration of top companies in the region. Advanced economies like Germany and France are the major contributors to the smart cities market in Europe. The market is driven by the availability of high-speed wireless networks and increased connected devices such as smartphones and IoT penetration. Telecom companies in the region, such as BT, Vodafone, and Deutsche Telekom, are competing to release their smart technology products and corresponding package services.

Market Customer Landscape

The report includes the adoption lifecycle of the smart cities market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the smart cities market.

ABB Ltd.- The company offers smart city solutions such as smart buildings, e-mobility, energy management, and data centres.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Accenture Plc
  • Aeris Communications Inc.
  • Alphabet Inc.
  • Cisco Systems Inc.
  • General Electric Co.
  • Hewlett Packard Enterprise Co.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corp.
  • Itron Inc.
  • LG Electronics Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • SAP SE

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Smart infrastructure
    • Smart energy
    • Smart mobility
    • Smart security
    • Others
  • Component Outlook 
    • Hardware
    • Software
    • Service
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is evolving rapidly, driven by imperatives such as environmental sustainability, efficient resource management, and advanced environmental monitoring technologies. Innovations like real-time license plate tracking and facial recognition enhance public safety and surveillance, benefiting urban sources and traffic safety. Data-driven approaches, such as data-driven policing and optimized emergency response protocols, bolster crime-fighting capabilities and empower first responders. Leveraging big data analytics and AI, cities optimize traffic signal management and emergency vehicle deployment, thereby reducing crime rates and improving response times.

Moreover, smart technologies extend to energy savings through intelligent surveillance and home security systems, curbing operational costs and maintenance costs. Despite tight budgets, cities prioritize cost-effective systems with long-term cost savings, leveraging existing infrastructure and making large-scale investments with government backing in cities like Amsterdam and Chengdu. This transformative potential spans sectors like public safety, healthcare, and utilities, fostering innovative business models and enabling modern healthcare landscapes with smart healthcare solutions. Additionally, the integration of Internet of Things (IoT) devices and smart metering data facilitates consumer engagement and enhances revenue assurance in utilities, thus driving the market forward.

Furthermore, the market is revolutionizing urban management by leveraging cutting-edge technologies to enhance citizens' lives. Through software integration and the expertise of software and hardware engineers, cities navigate integration complexities to deploy solutions like gunshot detection sensors and rapid video analytics, empowering public safety officials and law enforcement responses. Key stakeholders such as city managers, building owners, and facility managers drive smart city initiatives forward, optimizing vehicle traffic, electrical grids, and commute times. The emphasis on smart grid efficiency and digital era solutions ensures cybersecurity and effective data stewardship while promoting interoperability and cross-border portability.

Market Scope

Report Coverage

Details

Page number

183

Base year

2022

Historic period

2017-2021

Market Forecast Period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.53%

Market growth 2023-2027

USD 288.7 billion

Market structure

Fragmented

YoY growth (%)

17.79

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 37%

Key countries

US, Japan, UK, Germany, and Spain

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Accenture Plc, Aeris Communications Inc., Alphabet Inc., Cisco Systems Inc., General Electric Co., Hewlett Packard Enterprise Co., Hitachi Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., International Business Machines Corp., Itron Inc., LG Electronics Inc., Microsoft Corp., Oracle Corp., SAP SE, Schneider Electric SE, Siemens AG, Sierra Wireless Inc., and Signify NV

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough market research and growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market growth and forecasting analysis of factors that will challenge the growth of market companies

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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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • 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 market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global smart city market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Component Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Component 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 Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Smart infrastructure - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Smart infrastructure - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Smart infrastructure - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Smart infrastructure - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Smart infrastructure - Year-over-year growth 2022-2027 (%)
    • 6.4 Smart energy - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Smart energy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Smart energy - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Smart energy - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Smart energy - Year-over-year growth 2022-2027 (%)
    • 6.5 Smart mobility - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Smart mobility - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Smart mobility - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Smart mobility - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Smart mobility - Year-over-year growth 2022-2027 (%)
    • 6.6 Smart security - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Smart security - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Smart security - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Smart security - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Smart security - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)

    7 Market Segmentation by Component

    • 7.1 Market segments
      • Exhibit 55: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Component - Market share 2022-2027 (%)
    • 7.2 Comparison by Component
      • Exhibit 57: Chart on Comparison by Component
      • Exhibit 58: Data Table on Comparison by Component
    • 7.3 Hardware - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
    • 7.4 Software - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Software - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 7.5 Services - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Component
      • Exhibit 71: Market opportunity by Component ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Spain - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Spain - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on Spain - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: 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 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 124: ABB Ltd. - Overview
              • Exhibit 125: ABB Ltd. - Business segments
              • Exhibit 126: ABB Ltd. - Key news
              • Exhibit 127: ABB Ltd. - Key offerings
              • Exhibit 128: ABB Ltd. - Segment focus
            • 12.4 Accenture Plc
              • Exhibit 129: Accenture Plc - Overview
              • Exhibit 130: Accenture Plc - Business segments
              • Exhibit 131: Accenture Plc - Key news
              • Exhibit 132: Accenture Plc - Key offerings
              • Exhibit 133: Accenture Plc - Segment focus
            • 12.5 Alphabet Inc.
              • Exhibit 134: Alphabet Inc. - Overview
              • Exhibit 135: Alphabet Inc. - Business segments
              • Exhibit 136: Alphabet Inc. - Key news
              • Exhibit 137: Alphabet Inc. - Key offerings
              • Exhibit 138: Alphabet Inc. - Segment focus
            • 12.6 Cisco Systems Inc.
              • Exhibit 139: Cisco Systems Inc. - Overview
              • Exhibit 140: Cisco Systems Inc. - Business segments
              • Exhibit 141: Cisco Systems Inc. - Key news
              • Exhibit 142: Cisco Systems Inc. - Key offerings
              • Exhibit 143: Cisco Systems Inc. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 144: General Electric Co. - Overview
              • Exhibit 145: General Electric Co. - Business segments
              • Exhibit 146: General Electric Co. - Key news
              • Exhibit 147: General Electric Co. - Key offerings
              • Exhibit 148: General Electric Co. - Segment focus
            • 12.8 Honeywell International Inc.
              • Exhibit 149: Honeywell International Inc. - Overview
              • Exhibit 150: Honeywell International Inc. - Business segments
              • Exhibit 151: Honeywell International Inc. - Key news
              • Exhibit 152: Honeywell International Inc. - Key offerings
              • Exhibit 153: Honeywell International Inc. - Segment focus
            • 12.9 International Business Machines Corp.
              • Exhibit 154: International Business Machines Corp. - Overview
              • Exhibit 155: International Business Machines Corp. - Business segments
              • Exhibit 156: International Business Machines Corp. - Key offerings
              • Exhibit 157: International Business Machines Corp. - Segment focus
            • 12.10 LG Electronics Inc.
              • Exhibit 158: LG Electronics Inc. - Overview
              • Exhibit 159: LG Electronics Inc. - Business segments
              • Exhibit 160: LG Electronics Inc. - Key news
              • Exhibit 161: LG Electronics Inc. - Key offerings
              • Exhibit 162: LG Electronics Inc. - Segment focus
            • 12.11 Microsoft Corp.
              • Exhibit 163: Microsoft Corp. - Overview
              • Exhibit 164: Microsoft Corp. - Business segments
              • Exhibit 165: Microsoft Corp. - Key news
              • Exhibit 166: Microsoft Corp. - Key offerings
              • Exhibit 167: Microsoft Corp. - Segment focus
            • 12.12 Oracle Corp.
              • Exhibit 168: Oracle Corp. - Overview
              • Exhibit 169: Oracle Corp. - Business segments
              • Exhibit 170: Oracle Corp. - Key news
              • Exhibit 171: Oracle Corp. - Key offerings
              • Exhibit 172: Oracle Corp. - Segment focus
            • 12.13 SAP SE
              • Exhibit 173: SAP SE - Overview
              • Exhibit 174: SAP SE - Business segments
              • Exhibit 175: SAP SE - Key news
              • Exhibit 176: SAP SE - Key offerings
              • Exhibit 177: SAP SE - Segment focus
            • 12.14 Schneider Electric SE
              • Exhibit 178: Schneider Electric SE - Overview
              • Exhibit 179: Schneider Electric SE - Business segments
              • Exhibit 180: Schneider Electric SE - Key news
              • Exhibit 181: Schneider Electric SE - Key offerings
              • Exhibit 182: Schneider Electric SE - Segment focus
            • 12.15 Siemens AG
              • Exhibit 183: Siemens AG - Overview
              • Exhibit 184: Siemens AG - Business segments
              • Exhibit 185: Siemens AG - Key news
              • Exhibit 186: Siemens AG - Key offerings
              • Exhibit 187: Siemens AG - Segment focus
            • 12.16 Sierra Wireless Inc.
              • Exhibit 188: Sierra Wireless Inc. - Overview
              • Exhibit 189: Sierra Wireless Inc. - Business segments
              • Exhibit 190: Sierra Wireless Inc. - Key offerings
              • Exhibit 191: Sierra Wireless Inc. - Segment focus
            • 12.17 Signify NV
              • Exhibit 192: Signify NV - Overview
              • Exhibit 193: Signify NV - Business segments
              • Exhibit 194: Signify NV - Key news
              • Exhibit 195: Signify NV - Key offerings
              • Exhibit 196: Signify NV - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 197: Inclusions checklist
                • Exhibit 198: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 199: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 200: Research methodology
                • Exhibit 201: Validation techniques employed for market sizing
                • Exhibit 202: Information sources
              • 13.5 List of abbreviations
                • Exhibit 203: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

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              • Market drivers
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              • Five forces analysis

              Quantitative

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              Key Questions Answered

              • What are the key global market and the regional market share?
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              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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