Report Overview

Juniper Research’s new Smart Cities research provides an invaluable guide to the evolution and future promise for a wide number of technologies contributing to this vital sector. Covering the environmental impact of smart cities technologies, the capabilities they enable and where technological innovation is at its best, this research is key to understanding this important market.

The research has also scored 50 cities on their smart capabilities to produce a ranking that highlights the best urban innovation in the world.

The report also presents extensive market forecasts; delivering detailed market sizing across smart lighting, smart traffic management, smart grid deployment and MaaS (Mobility-as-a Service).

This research suite comprises:
  • Strategy & Forecasts (PDF)
  • 5-year Market Sizing & Forecast Spreadsheet (Excel)
  • 12 months’ access to harvest Online Data Platform
Key Market Statistics
Market size in 2022: $29.3bn
Market size in 2026: $69.8bn
2022 to 2026 CAGR: 21.93%

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Key Features

  • Market Dynamics: The key macro trends that are having the biggest impact on the space, including the impact of adjacent technologies like 5G networks.
  • Future Outlook & Value Chain Analysis: Future outlook for the development of smart city technologies, combined with a full exploration of the value chain in this highly complex market.
  • Ranking: A scoring of the capabilities and features of the world’s leading smart cities; showcasing the best innovations in this area.
  • Benchmark Industry Forecasts: Forecasts for deployments of smart city technologies; covering the installed base, market value, shipments and environmental impact of the following technologies:
    • Smart Lighting
    • MaaS
    • Smart Traffic Management
    • Smart Parking
    • Smart Grid
 
These forecasts are split by our 8 key regions, and the following 27 countries:
  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Colombia
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • UK
  • US

Key Questions Answered

  1. Where are the biggest opportunities for smart cities to save money or emissions?
  2. How will rapidly advancing digital technologies impact the development of smart cities?
  3. What obstacles do smart city deployments need to overcome?
  4. What forms of connectivity and analytics do smart cities need?
  5. What are the best examples of smart city technologies and how can they be emulated?

Companies Referenced

Case Studied: City of Barcelona, City of Chicago, City of London, City of Shenzhen.
 
Mentioned: Advanced Robotics Foundation of Japan, ArrayofThings, AutoX,, BAI Communications , Centre for Aerial Intelligent Vehicles, Chicago Police Department, Cisco, City of Barcelona, CleanTech, DECIDIM, DER, eThekwini Municipality, FABMOB, Google, GSMA, Hiar Solutions, Honeywell Sentience, Huawei, IBM, Institute for Basic Science, IRENA, Megvii, Melbourne City Government, Microsoft, Opengrid, Parksense, PointGrab, PTI (Public Technology Institute), Rokid, Schneider, Sensetime, Sentilo, Seoul Government, Shenzhen Government, Siemens, Singapore Housing Development Board, TfL (Transport for London), Uber, UBIDOTS, UN, WHO (World Health Organisation), Yonhap News Agency.
 

Data & Interactive Forecast

Juniper Research’s Smart Cities forecast suite includes:
  • Forecasts for the following segments:
    • Smart Lighting
    • MaaS
    • Smart Traffic Management
    • Smart Parking
    • Smart Grid
  • The following forecasts are provided on a segment-by-segment basis
    • Installed Base of Devices/Sensors
    • Devices Shipped
    • Hardware and Software Spend
    • Power Consumption Saved
    • CO2e Emissions Saved
  • Interactive scenario tool allowing users to manipulate Juniper Research’s data for a variety of different metrics.
  • Access to the full set of forecast data of 159 tables and more than 41,000 datapoints.

Geographical splits: 27 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

Forecast Summary

Smart city initiatives will generate almost $70 billion in spend annually by 2026, up from $35 billion in 2021.
  • Much of this will focus on smart grid initiatives, which will save over 1,000 TWh of electricity in 2026, equivalent to more than 5 years of energy consumption by Greater London at present levels. Overall, we expect smart cities initiatives of all kinds to lead to reductions of over 950 megatons of CO2-equivalent emissions over the forecast period; showing a CAGR of 19.8%.
  • Many areas of smart city development are still in their early stages, particularly outside of the leading cities, so initial roll-outs still make up much of the market. Juniper Research notes that this means that savings to be made through smart city technologies will remain high. We expect energy savings alone to reach $96 billion in 2026, making their deployment highly cost-effective in most instances.

Smart Cities Reports

Date
Price

Full Research Suite

  • Market trends, strategies and forecasts report (pdf)
  • Market data & forecasts - All topic data and interactivity (xls)
  • harvest market data platform (12 months’ online access) - find out more

Click here for more information and purchase options

Jan 2022

$3654

€3621

£2990

Research Details

Publisher:
Juniper Research
Published:
24/01/2022
Author(s):
James Moar, Mike Bainbridge
Category:
Key Vertical Markets
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Argentina, Australia, Brazil, Canada, China, Colombia, Denmark, Finland, France, Germany, India, Italy, Japan, South Korea, Mexico, Netherlands, Norway, Poland, Portugal, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, UK, USA

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