Global Smart City Market is projected to register a significant CAGR of 18.3% during the review period.
Government initiatives assume a crucial part in driving the development of the Smart City Market. As urbanization speeds up and urban communities face exceptional difficulties, the idea of smart urban communities has gained prominence as an answer for improve the personal satisfaction, proficiency, and sustainability of metropolitan regions. Increasingly, state run administrations all over the planet are launching aggressive initiatives to change their urban communities into innovatively progressed biological systems. These initiatives act as an impetus for the extension of the Smart City Market.
Smart City Market initiatives regularly involve the organization of Internet of Things (IoT) gadgets, sensors, information examination, and man-made reasoning to assemble and handle information continuously. This information driven approach empowers better navigation, productive asset assignment, and worked on metropolitan planning. For instance, smart transportation frameworks can improve traffic stream, lessen travel time, and reduction emissions. Smart energy networks upgrade energy circulation and utilization designs, promoting sustainability. Medical care administrations become more open and powerful through telemedicine and advanced wellbeing stages.
IoT involves interconnecting ordinary devices and articles by means of the internet, enabling them to assemble and share information. With regards to smart urban communities, IoT's true capacity is huge, offering diverse open doors. Infrastructure advancement becomes feasible through continuous monitoring and prescient maintenance of imperative designs, minimizing personal time and enhancing functional productivity. Asset the executives and sustainability are supported as IoT gadgets work with the continuous monitoring of asset utilization and natural circumstances, aiding in ideal distribution and waste decrease. At last, the improvement of IoT innovations and gadgets with regards to smart urban communities opens roads for upgraded proficiency, sustainability, resident commitment, and monetary flourishing, paving the way for metropolitan scenes that are interconnected, innovatively progressed, and individuals driven.
Market Segmentation
The Smart City Market segmentation, based on component, includes hardware, software, services. According to sales channel, the segment is divided into OEM, and aftermarket.
Regional Insights
North America, consisting of the US, Canada, and Mexico, stands at the forefront of technological innovation and urban development. The region's rapid adoption of Smart City Market solutions is driven by a combination of private sector investment and rapid development. Smart City Market technologies are poised to revolutionize various sectors, with a particular focus on enhancing efficiency, sustainability, and citizen well-being. The integration of broadband-enabled infrastructure and advanced information technology is a cornerstone of this transformation.
Asia Pacific is expected to dominate the market in terms of CAGR in upcoming period. In China, cities like Shanghai and Shenzhen are implementing IoT sensors, AI analytics, and smart grids to enhance urban living and establish global technological leadership. Japan focuses on energy efficiency and disaster management, integrating renewable energy, smart grids, and real-time monitoring for resilient cities.
Major Players
Key Companies in the Smart City Market are Honeywell Corporation, Huawei Technologies, Siemens AG, CISCO Systems, Schneider Electric SE, IBM Corporation, AT&T Inc., Oracle, Microsoft, ABB, SAP SE, Hitachi Vantara, Telefonaktiebolaget LM Ericsson, Itron Inc., and TietoEVRY.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 21
1.1 MARKET ATTRACTIVENESS ANALYSIS 22
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 RESEARCH OBJECTIVE 23
2.4 MARKET STRUCTURE 23
3 RESEARCH METHODOLOGY 24
4 MARKET DYNAMICS 30
4.1 INTRODUCTION 30
4.2 DRIVERS 31
4.2.1 INCREASING GOVERNMENT INITIATIVES FOR SMART CITY PROJECTS 31
4.2.2 RAPID URBANIZATION AROUND THE GLOBE 32
4.2.3 GROWING ADOPTION OF ARTIFICIAL INTELLIGENCE (AI) IN TRANSPORTATION SECTOR 32
4.2.4 DRIVERS IMPACT ANALYSIS 33
4.3 RESTRAINT 33
4.3.1 PRIVACY AND SECURITY CONCERNS OVER IOT APPLICATIONS 33
4.3.2 HIGH IMPLEMENTATION & MAINTENANCE COSTS 34
4.3.3 LACK OF EXPERTISE & PROFICIENCIES OF USERS 36
4.3.4 RESTRAINTS IMPACT ANALYSIS 37
4.4 OPPORTUNITY 37
4.4.1 INCREASING DEMAND FOR AI SOLUTIONS IN TRANSPORTATION 37
4.4.2 DEVELOPMENT OF IOT TECHNOLOGIES & DEVICES TO FOSTER GROWTH OF SMART CITY CONCEPTS 38
4.4.3 INCREASING DEMAND FOR GREEN CITY INITIATIVES 39
4.5 IMPACT OF COVID-19 ON THE MARKET 40
4.5.1 INCREASING FOCUS ON HEALTH, SAFETY, AND LIVING STANDARDS IN CITIES 40
4.5.2 IMPACT ACROSS INDUSTRY SECTORS 41
4.5.3 IMPACT OF COVID-19 ON OVERALL MARKET Y-O-Y 2020-2022 41
5 MARKET FACTOR ANALYSIS 43
5.1 SUPPLY CHAIN ANALYSIS 43
5.1.1 MATERIAL PLANNING 43
5.1.2 PROCUREMENT & INTEGRATION 44
5.1.3 WAREHOUSE AND FULFILMENT 44
5.1.4 DISTRIBUTION 44
5.1.5 INSTALLATION AND SERVICE 44
5.2 PORTER'S FIVE FORCE MODEL 45
5.2.1 THREAT OF NEW ENTRANTS 45
5.2.2 BARGAINING POWER OF SUPPLIERS 46
5.2.3 THREAT OF SUBSTITUTES 46
5.2.4 BARGAINING POWER OF BUYERS 46
5.2.5 INTENSITY OF RIVALRY 46
6 GLOBAL SMART CITY MARKET, BY COMPONENT 47
6.1 OVERVIEW 47
6.1.1 GLOBAL SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 48
6.2 HARDWARE 48
6.3 SOFTWARE 48
6.4 SERVICE 48
6.4.1 GLOBAL SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 49
6.4.2 CONSULTING SERVICES 49
6.4.3 DEPLOYMENT & INTEGRATION SERVICES 49
6.4.4 INFRASTRUCTURE MONITORING AND MANAGEMENT SERVICES 49
7 GLOBAL SMART CITY MARKET, BY APPLICATION 50
7.1 OVERVIEW 50
7.1.1 GLOBAL SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 51
7.2 UTILITY 51
7.2.1 GLOBAL SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 51
7.2.2 SMART METER MANAGEMENT 51
7.2.3 SMART LIGHTING MANAGEMENT 52
7.2.4 SMART ENERGY MANAGEMENT 52
7.2.5 SMART WASTE MANAGEMENT 52
7.2.6 OTHERS 52
7.3 TRANSPORT 52
7.3.1 GLOBAL SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 52
7.3.2 SMART PARKING MANAGEMENT 52
7.3.3 SMART TICKETING 53
7.3.4 INTELLIGENT TRANSPORTATION SYSTEM 53
7.3.5 CONNECTED CAR SYSTEM 53
7.3.6 OTHERS 53
7.4 GOVERNMENT 53
7.4.1 GLOBAL SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 53
7.4.2 SMART GOVERNANCE 53
7.4.3 SMART ENVIRONMENTAL SOLUTIONS 54
7.4.4 OTHERS 54
7.5 RESIDENTIAL 54
7.5.1 GLOBAL SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 54
7.5.2 SMART HOMES 54
7.5.3 SMART BUILDING 54
7.6 SMART EDUCATION 55
7.7 SMART HEALTHCARE 55
7.8 OTHERS 55
8 GLOBAL SMART CITY MARKET, BY REGION 56
8.1 OVERVIEW 56
8.1.1 GLOBAL SMART CITY MARKET, BY REGION, 2022 VS 2030 (USD BILLION) 56
8.1.2 GLOBAL SMART CITY MARKET, BY REGION, 2019-2030 (USD BILLION) 57
8.2 NORTH AMERICA 58
8.2.1 NORTH AMERICA: SMART CITY MARKET, BY COUNTRY, 2019-2030 (USD BILLION) 59
8.2.2 NORTH AMERICA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 60
8.2.2.1 NORTH AMERICA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 60
8.2.3 NORTH AMERICA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 61
8.2.3.1 NORTH AMERICA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 62
8.2.3.2 NORTH AMERICA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 62
8.2.3.3 NORTH AMERICA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 62
8.2.3.4 NORTH AMERICA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 63
8.2.4 US 63
8.2.4.1 US SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 63
8.2.4.1.1 US SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 63
8.2.4.2 US SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 64
8.2.4.2.1 US SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 64
8.2.4.2.2 US SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 64
8.2.4.2.3 US SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 65
8.2.4.2.4 US SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 65
8.2.5 CANADA 65
8.2.5.1 CANADA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 65
8.2.5.1.1 CANADA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 66
8.2.5.2 CANADA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 66
8.2.5.2.1 CANADA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 66
8.2.5.2.2 CANADA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 67
8.2.5.2.3 CANADA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 67
8.2.5.2.4 CANADA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 67
8.2.6 MEXICO 68
8.2.6.1 MEXICO SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 68
8.2.6.1.1 MEXICO SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 68
8.2.6.2 MEXICO SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 68
8.2.6.2.1 MEXICO SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 69
8.2.6.2.2 MEXICO SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 69
8.2.6.2.3 MEXICO SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 69
8.2.6.2.4 MEXICO SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 70
8.3 EUROPE 71
8.3.1 EUROPE: SMART CITY MARKET, BY COUNTRY, 2019-2030 (USD BILLION) 72
8.3.2 EUROPE SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 73
8.3.2.1 EUROPE SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 73
8.3.3 EUROPE SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 74
8.3.3.1 EUROPE SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 75
8.3.3.2 EUROPE SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 75
8.3.3.3 EUROPE SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 75
8.3.3.4 EUROPE SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 76
8.3.4 GERMANY 76
8.3.4.1 GERMANY SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 76
8.3.4.1.1 GERMANY SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 76
8.3.4.2 GERMANY SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 77
8.3.4.2.1 GERMANY SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 77
8.3.4.2.2 GERMANY SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 77
8.3.4.2.3 GERMANY SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 78
8.3.4.2.4 GERMANY SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 78
8.3.5 UK 78
8.3.5.1 UK SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 78
8.3.5.1.1 UK SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 79
8.3.5.2 UK SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 79
8.3.5.2.1 UK SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 79
8.3.5.2.2 UK SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 80
8.3.5.2.3 UK SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 80
8.3.5.2.4 UK SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 80
8.3.6 FRANCE 81
8.3.6.1 FRANCE SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 81
8.3.6.1.1 FRANCE SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 81
8.3.6.2 FRANCE SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 81
8.3.6.2.1 FRANCE SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 82
8.3.6.2.2 FRANCE SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 82
8.3.6.2.3 FRANCE SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 82
8.3.6.2.4 FRANCE SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 83
8.3.7 SPAIN 83
8.3.7.1 SPAIN SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 83
8.3.7.1.1 SPAIN SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 83
8.3.7.2 SPAIN SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 84
8.3.7.2.1 SPAIN SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 84
8.3.7.2.2 SPAIN SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 84
8.3.7.2.3 SPAIN SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 85
8.3.7.2.4 SPAIN SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 85
8.3.8 REST OF EUROPE 85
8.3.8.1 REST OF EUROPE SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 85
8.3.8.1.1 REST OF EUROPE SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 86
8.3.8.2 REST OF EUROPE SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 86
8.3.8.2.1 REST OF EUROPE SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 86
8.3.8.2.2 REST OF EUROPE SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 87
8.3.8.2.3 REST OF EUROPE SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 87
8.3.8.2.4 REST OF EUROPE SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 87
8.4 ASIA-PACIFIC 88
8.4.1 ASIA-PACIFIC: SMART CITY MARKET, BY COUNTRY, 2019-2030 (USD BILLION) 89
8.4.2 ASIA-PACIFIC SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 90
8.4.2.1 ASIA-PACIFIC SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 90
8.4.3 ASIA-PACIFIC SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 91
8.4.3.1 ASIA-PACIFIC SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 92
8.4.3.2 ASIA-PACIFIC SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 92
8.4.3.3 ASIA-PACIFIC SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 92
8.4.3.4 ASIA-PACIFIC SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 93
8.4.4 CHINA 93
8.4.4.1 CHINA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 93
8.4.4.1.1 CHINA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 93
8.4.4.2 CHINA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 94
8.4.4.2.1 CHINA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 94
8.4.4.2.2 CHINA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 94
8.4.4.2.3 CHINA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 95
8.4.4.2.4 CHINA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 95
8.4.5 JAPAN 95
8.4.5.1 JAPAN SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 95
8.4.5.1.1 JAPAN SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 96
8.4.5.2 JAPAN SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 96
8.4.5.2.1 JAPAN SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 96
8.4.5.2.2 JAPAN SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 97
8.4.5.2.3 JAPAN SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 97
8.4.5.2.4 JAPAN SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 97
8.4.6 SOUTH KOREA 98
8.4.6.1 SOUTH KOREA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 98
8.4.6.1.1 SOUTH KOREA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 98
8.4.6.2 SOUTH KOREA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 98
8.4.6.2.1 SOUTH KOREA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 99
8.4.6.2.2 SOUTH KOREA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 99
8.4.6.2.3 SOUTH KOREA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 99
8.4.6.2.4 SOUTH KOREA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 100
8.4.7 INDIA 100
8.4.7.1 INDIA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 100
8.4.7.1.1 INDIA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 100
8.4.7.2 INDIA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 101
8.4.7.2.1 INDIA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 101
8.4.7.2.2 INDIA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 101
8.4.7.2.3 INDIA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 102
8.4.7.2.4 INDIA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 102
8.4.8 REST OF ASIA-PACIFIC 102
8.4.8.1 REST OF ASIA-PACIFIC SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 102
8.4.8.1.1 REST OF ASIA-PACIFIC SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 103
8.4.8.2 REST OF ASIA-PACIFIC SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 103
8.4.8.2.1 REST OF ASIA-PACIFIC SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 104
8.4.8.2.2 REST OF ASIA-PACIFIC SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 104
8.4.8.2.3 REST OF ASIA-PACIFIC SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 104
8.4.8.2.4 REST OF ASIA-PACIFIC SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 105
8.5 MIDDLE EAST & AFRICA 106
8.5.1 MIDDLE EAST & AFRICA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 106
8.5.1.1 MIDDLE EAST & AFRICA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 107
8.5.2 MIDDLE EAST & AFRICA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 108
8.5.2.1 MIDDLE EAST & AFRICA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 108
8.5.2.2 MIDDLE EAST & AFRICA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 109
8.5.2.3 MIDDLE EAST & AFRICA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 109
8.5.2.4 MIDDLE EAST & AFRICA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 109
8.6 SOUTH AMERICA 110
8.6.1 SOUTH AMERICA SMART CITY MARKET, BY COMPONENT, 2019-2030 (USD BILLION) 110
8.6.1.1 SOUTH AMERICA SMART CITY MARKET, BY SERVICE, 2019-2030 (USD BILLION) 111
8.6.2 SOUTH AMERICA SMART CITY MARKET, BY APPLICATION, 2019-2030 (USD BILLION) 112
8.6.2.1 SOUTH AMERICA SMART CITY MARKET, BY UTILITY, 2019-2030 (USD BILLION) 112
8.6.2.2 SOUTH AMERICA SMART CITY MARKET, BY TRANSPORT, 2019-2030 (USD BILLION) 113
8.6.2.3 SOUTH AMERICA SMART CITY MARKET, BY GOVERNMENT, 2019-2030 (USD BILLION) 113
8.6.2.4 SOUTH AMERICA SMART CITY MARKET, BY RESIDENTIAL, 2019-2030 (USD BILLION) 113