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Smart City ICT Infrastructure Market by Component and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71882
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The smart city ICT infrastructure market share is expected to increase by USD 55.89 billion from 2021 to 2026, at a CAGR of 15.40%.

This smart city ICT infrastructure market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart city ICT infrastructure market segmentation by component (smart utilities, smart transport, smart home and building, and others) and geography (Europe, North America, APAC, MEA, and South America). The smart city ICT infrastructure market report also offers information on several market vendors, including AT and T Inc., Cisco Systems Inc., Hitachi Ltd., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Siemens AG, and Verizon Communications Inc. among others.

What will the Smart City ICT Infrastructure Market Size be During the Forecast Period?

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Smart City ICT Infrastructure Market: Key Drivers and Trends

The growing investments in smart cities is notably driving the smart city ICT infrastructure market growth, although factors such as technological adaptability may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart city ICT infrastructure industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart City ICT Infrastructure Market Driver

The increase in the investment of smart cities is a key factor driving the smart city ICT infrastructure market growth. The rapid growth in industrialization and urbanization has resulted in several social and environmental challenges. The transformation of cities into smart cities is a step towards overcoming these challenges. Moreover, there has been a rise in migration from rural areas to cities has also raised the concern for waste management, pollutions and health problems. Therefore, governments across the world are developing urban infrastructure with the integration of several technology solutions. Hence, these factors are expected to drive the smart city ICT infrastructure market significantly during the forecast period.

This smart city ICT infrastructure market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Smart City ICT Infrastructure Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AT and T Inc.
  • Cisco Systems Inc.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Huawei Investment and Holding Co. Ltd.
  • International Business Machines Corp.
  • Nippon Telegraph and Telephone Corp.
  • Oracle Corp.
  • Siemens AG
  • Verizon Communications Inc.

 

This statistical study of the smart city ICT infrastructure market encompasses successful business strategies deployed by the key vendors. The smart city ICT infrastructure market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart city ICT infrastructure market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Smart City ICT Infrastructure Market?

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39% of the market’s growth will originate from Europe during the forecast period. The UK, Germany and Spain are the key markets for smart city ICT infrastructure in Europe. Market growth in this region will be faster than the growth of the market in MEA and South America.

The smart cities and community initiatives will facilitate the smart city ICT infrastructure market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Component Segments in the Smart City ICT Infrastructure Market?

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The smart city ICT infrastructure market share growth by the smart utility segment will be significant during the forecast period. Energy conservation, increased consumption and government policies are some of the major factors favoring the growth of the smart utilities segment worldwide which are also referred to as smart grid. Furthermore, the existing grids are transformed into smart grids by advancements in technologies and this smart grid technology allows two-way communication between consumers and utilities. Therefore, the implementation of smart utilities is expected to elevate the smart city ICT infrastructure market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart city ICT infrastructure market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart City ICT Infrastructure Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 15.40%

Market growth 2022-2026

$ 55.89 billion

Market structure

Fragmented

YoY growth (%)

16.43

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 39%

Key consumer countries

US, UK, Germany, Spain, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AT and T Inc., Cisco Systems Inc., Hitachi Ltd., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Siemens AG, and Verizon Communications Inc.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Smart City ICT Infrastructure Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart city ICT infrastructure market growth during the next five years
  • Precise estimation of the smart city ICT infrastructure market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart city ICT infrastructure market industry across Europe, North America, APAC, MEA, and South America
  • A thorough 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Component

    • Market segments
    • Comparison by Component
    • Smart utilities - Market size and forecast 2021-2026
    • Smart transport - Market size and forecast 2021-2026
    • Smart home and building - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Component

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AT and T Inc.
      • Cisco Systems Inc.
      • Hitachi Ltd.
      • Honeywell International Inc.
      • Huawei Investment and Holding Co. Ltd.
      • International Business Machines Corp.
      • Nippon Telegraph and Telephone Corp.
      • Oracle Corp.
      • Siemens AG
      • Verizon Communications Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

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

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The smart city ict infrastructure market growth will increase by $55.89 billion during 2021-2026.
      The smart city ict infrastructure market is expected to grow at a CAGR of 15.40% during 2021-2026.
      Technavio has segmented the smart city ict infrastructure market by component (Smart utilities, Smart transport, Smart home and building, and Others) and geographic (Europe, North America, APAC, MEA, and South America).
      AT and T Inc., Cisco Systems Inc., Hitachi Ltd., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., Siemens AG, Verizon Communications Inc. are a few of the key vendors in the smart city ict infrastructure market.
      Europe will register the highest growth rate of 39.40% among the other regions. Therefore, the smart city ict infrastructure market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the smart city ict infrastructure market growth are:
      • Growing investments in smart cities
      The smart city ict infrastructure market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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