Global smart cities market
The market report Smart Cities Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 reveals that the global smart cities market is expected to grow at a CAGR of 14.0% from 2013 to 2019, reaching a value of USD 1,265.85 billion. The migration of people from rural to urban areas is the major factor driving the growth of smart cities market, globally.
North America was the largest contributor to the smart cities market in 2012, accounting for 34.5%. This is mainly attributed to; smart grid investments, upgrades in water infrastructure and the transportation sector. The manufacturers in this region are also investing more in smart meters and smart grids to provide a foundation for smart city programs.
Among the different application categories, the smart transportation segment held the largest share of around 16% in 2012. This was due to the growing demand for advanced traffic management, building a superior environment and reducing the volume of delivery vehicles. At the same time, smart transportation links different modes of transport to improve traffic flow in both urban and inter-urban networks. Smart transportation systems also help reduce delays and fuel consumption.
Smart security is the fastest emerging segment, expected to grow at a CAGR of 15.0% during the forecast period from 2013 to 2019.
In terms of geography, North America represents the largest market for smart cities and is expected to reach a market size of USD 392.41 billion by 2019. Regional governments are taking steps to reduce their carbon footprint by increasing the use of renewable energy resources. Governments in North America are currently working on an objective to accomplish the target of zero wastage of energy by the year 2020.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Cities as systems - BRE Solutions for urban environments.
- Compact sustainable city.
- Engineering Smart Cities.
- European connected and smart home market.
- Infrastructure.
- Internet of things.
- Masterplanning.
- Measuring the success of smart cities.
- PAS 180:2014 Smart cities – Vocabulary.
- PAS 181:2014 Smart city Framework. Guide to establishing strategies for smart.
- PAS 182 Smart city data concept model.
- Smart buildings.
- Smart cities - is small to medium beautiful?
- Smart cities design timeframe.
- Smart construction.
- Smart technology.
- The Living City: Rethinking our role in the Digital Age.
Featured articles and news
Places of Worship in Britain and Ireland, 1929-1990. Book review.
The emancipation of women in art.
CIOB Construction Manager of the Year 2025
Just one of the winners at the CIOB Awards 2025.
Call for independent National Grenfell oversight mechanism
MHCLG share findings of Building Safety Inquiry in letter to Secretary of State and Minister for Building Safety.
The Architectural Technology Awards
AT Awards now open for this the sixth decade of CIAT.
50th Golden anniversary ECA Edmundson awards
Deadline for submissions Friday 30 May 2025.
The benefits of precast, off-site foundation systems
Top ten benefits of this notable innovation.
Encouraging individuals to take action saving water at home, work, and in their communities.
Takes a community to support mental health and wellbeing
The why of becoming a Mental Health Instructor explained.
Mental health awareness week 13-18 May
The theme is communities, they can provide a sense of belonging, safety, support in hard times, and a sense purpose.
Mental health support on the rise but workers still struggling
CIOB Understanding Mental Health in the Built Environment 2025 shows.
Design and construction material libraries
Material, sample, product or detail libraries a key component of any architectural design practice.
Construction Products Reform Green Paper and Consultation
Still time to respond as consultation closes on 21 May 2025.
Resilient façade systems for smog reduction in Shanghai
A technical approach using computer simulation and analysis of solar radiation, wind patterns, and ventilation.
Digital technology, transformation and cybersecurity
Supporting SMEs through Digitalisation in Construction.
Villa Wolf in Gubin, history and reconstruction. Book review.
Construction contract awards down one billion pounds
Decline over the past two months compared to the same period last year, follows the positive start to the year.
Editor's broadbrush view on forms of electrical heating in context.