Smart Cities Market in India – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2025
Smart cities are gaining market traction as there is a compulsive search for land to accommodate more than 7 billion people on the planet. The continued growth in the population, ill-planned cities, overcrowding in developing cities, and lavish lifestyle are resulting in enormous wastage of the natural resources. The loss of natural resources will eventually result in high cost of living, a rise in the level of pollution, and an increase in the crime rates. Thus, the governments in many countries have come up with a concept of smart cities, which will be enabled by the intelligent information and communication technology.
Infoholic Research forecasts the smart cities market in India to grow at a CAGR of 18.5% during the forecast period. The market is segmented into city types and applications.
As stated in the report, India is one of the fastest and largest growing markets for smart cities due to the initiatives and the use of technology. The Tier 2 metro cities will have the highest growth rate due to the declaration of government initiatives and private investments from the software providers. Moreover, the Government of India has already planned and mentioned the first 20 smart cities.
The market is evolving mainly due to the increasing adoption of Internet and mobile phones and the growing demand for energy-efficient sources to safeguard the Earth’s limited resources. These situations have offered tremendous opportunities for the smart cities players across the world to invest hugely in the market and achieve their business goals.
The report covers the present scenario and the growth prospects of the smart cities market in India during the forecast period 2019-2025. Moreover, to calculate the market size, the report considers the revenue generated from the sales of the following solutions:
o Smart Governance
o Smart Education
o Smart Security
o Smart Energy
o Smart Infrastructure
o Smart Mobility
o Smart Healthcare
o Smart Building
The market is analyzed by
o Applications – Smart Governance, Smart Education, Smart Security, Smart Energy, Smart Infrastructure, Smart Mobility, Smart Healthcare, Smart Building
o City Types – Tier 1, Tier 2, and others
• The report covers drivers, restraints, and opportunities (DRO) affecting the market growth during the forecast period (2019–2025)
• It contains an analysis of vendor profiles, which include financial health, business units, geographical revenue, business focus, SWOT, business strategy, and views
• In the vendor profile section, for the companies that are privately held, financial information and revenue of segments will be limited
• The report covers political, economic, social, and technological (PEST) factors affecting the market growth during the forecast period
Key Players:
Cisco Systems, Google Inc., General Electric, Panasonic, Honeywell International Inc., Microsoft Corp., IBM Corp., ABB Ltd., SAP SE, and Apple.
1 Industry Outlook 9
1.1 Industry Overview 9
1.2 Industry Trends 10
1.3 PEST Analysis 11
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 13
2.3 Research Methodology 14
2.4 Report Assumptions 14
3 Market Snapshot 16
3.1 Total Addressable Market 16
3.2 Segmented Addressable Market 16
3.3 Related Markets 17
3.3.1 AI in Homes 17
3.3.2 Smart Meters 17
4 Market Outlook 18
4.1 Overview 18
4.1.1 Market Definition – Infoholic Research 18
4.2 Market Trends and Impact 19
4.3 Market Segmentation 20
4.4 Porter 5 (Five) Forces 20
5 Market Characteristics 22
5.1 Benefits and Challenges of Smart Cities in India Market 22
5.2 Market Dynamics 22
5.2.1 Drivers 23
5.2.1.1 Enhanced broadband connectivity 23
5.2.1.2 Increased investment in smart cities, IoT, and M2M communication system 23
5.2.1.3 Adoption of digital lifestyle 23
5.2.1.4 Need for safety and security arrangement 23
5.2.2 Restraints 24
5.2.2.1 High upfront cost 24
5.2.2.2 Lack of standards and interoperability 24
5.2.2.3 Low awareness 24
5.2.3 Opportunities 25
5.2.3.1 Opportunities for growth of wearable devices 25
5.2.3.2 Opportunities from developing economy 25
5.2.3.3 Opportunities for telecom providers 25
5.3 DRO – Impact Analysis 26
6 Applications 27
6.1 Overview 27
6.2 Smart Governance 28
6.2.1 Market Size and Analysis 28
6.3 Smart Education 29
6.3.1 Market Size and Analysis 30
6.4 Smart Security 30
6.4.1 Market Size and Analysis 31
6.5 Smart Energy 32
6.5.1 Market Size and Analysis 32
6.6 Smart Infrastructure 33
6.6.1 Market Size and Analysis 34
6.7 Smart Mobility 34
6.7.1 Market Size and Analysis 35
6.8 Smart Healthcare 36
6.8.1 Market Size and Analysis 36
6.9 Smart Building 37
6.9.1 Market Size and Analysis 38
7 Cities 39
7.1.1 DRO for the tier 1 cities 39
7.1.2 DRO for tier 2 cities 40
7.1.3 DRO for other cities 40
8 Vendor Profiles 41
8.1 Cisco System 41
8.1.1 Overview 41
8.1.2 Business Units 42
8.1.3 Geographic Revenue 43
8.1.4 Business Focus 43
8.1.5 SWOT Analysis 44
8.1.6 Business Strategies 44
8.2 Google Inc. 46
8.2.1 Overview 46
8.2.2 Business Units 47
8.2.3 Geographic Revenue 48
8.2.4 Business Focus 48
8.2.5 SWOT Analysis 49
8.2.6 Business Strategies 49
8.3 General Electric 51
8.3.1 Overview 51
8.3.2 Business Units 52
8.3.3 Geographic Revenue 53
8.3.4 Business Focus 53
8.3.5 SWOT Analysis 54
8.3.6 Business Strategies 54
8.4 Panasonic 56
8.4.1 Overview 56
8.4.2 Business Units 57
8.4.3 Geographic Revenue 58
8.4.4 Business Focus 58
8.4.5 SWOT Analysis 59
8.4.6 Business Strategies 59
8.5 Honeywell International Inc. 60
8.5.1 Overview 60
8.5.2 Business Units 61
8.5.3 Geographic Revenue 62
8.5.4 Business Focus 62
8.5.5 SWOT Analysis 63
8.5.6 Business Strategies 63
9 Global Generalist 65
9.1 Microsoft Corp. 65
9.1.1 Overview 65
9.1.2 Microsoft Market 65
9.1.3 Microsoft in Smart Homes M2M market 66
9.2 IBM Corp. 66
9.2.1 Overview 66
9.2.2 IBM Corp. Market 66
9.2.3 IBM in Smart Cities Market 67
9.3 ABB Ltd. 68
9.3.1 Overview 68
9.3.2 ABB Market 68
9.3.3 ABB Ltd. in Smart Cities Market 69
9.4 SAP SE 70
9.4.1 Overview 70
9.4.2 SAP SE Market 70
9.4.3 SAP SE in Smart Cities Market 71
9.5 Apple 72
9.5.1 Overview 72
9.5.2 Apple Market 72
9.5.3 Apple in Smart Cities Market 73
Annexure 74
Abbreviations 74
Tables
TABLE 1 SMART CITIES IN INDIA MARKET REVENUE BY APPLICATIONS, 2019–2025 ($BILLION) 27
TABLE 2 SMART GOVERNANCE MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 28
TABLE 3 SMART EDUCATION MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 30
TABLE 4 SMART SECURITY MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 31
TABLE 5 SMART ENERGY MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 32
TABLE 6 SMART INFRASTRUCTURE MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 34
TABLE 7 SMART MOBILITY MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 35
TABLE 8 SMART HEALTHCARE MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 36
TABLE 9 SMART BUILDING MARKET REVENUE BY CITY TYPES, 2019–2025 ($BILLION) 38
TABLE 11 DRO FOR THE TIER 1 CITIES 39
TABLE 12 DRO FOR TIER 2 CITIES 40
TABLE 13 DRO FOR OTHER CITIES 40
Charts
CHART 1 PEST ANALYSIS OF SMART CITIES IN INDIA MARKET 11
CHART 2 RESEARCH METHODOLOGY OF SMART CITIES IN INDIA MARKET 14
CHART 3 SMART CITIES MARKET IN INDIA REVENUE, 2019-2025 ($BILLION) 16
CHART 4 SMART CITIES IN INDIA MARKET SEGMENTATION 20
CHART 5 PORTER 5 FORCES OF SMART CITIES IN INDIA MARKET 20
CHART 6 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 22
CHART 7 DRO – IMPACT ANALYSIS OF SMART CITIES IN INDIA MARKET 26
CHART 8 SMART CITIES IN INDIA MARKET SHARE BY APPLICATIONS, 2019 AND 2025 27
CHART 9 SMART GOVERNANCE MARKET REVENUE, 2019–2025 ($BILLION) 28
CHART 10 SMART EDUCATION MARKET REVENUE, 2019–2025 ($BILLION) 29
CHART 11 SMART SECURITY MARKET REVENUE, 2019–2025 ($BILLION) 30
CHART 12 SMART ENERGY MARKET REVENUE, 2019–2025 ($BILLION) 32
CHART 13 SMART INFRASTRUCTURE MARKET REVENUE, 2019–2025 ($BILLION) 33
CHART 14 SMART MOBILITY MARKET REVENUE, 2019–2025 ($BILLION) 34
CHART 15 SMART HEALTHCARE MARKET REVENUE, 2019–2025 ($BILLION) 36
CHART 16 SMART BUILDING MARKET REVENUE, 2019–2025 ($BILLION) 37
CHART 17 CISCO SYSTEM: OVERVIEW SNAPSHOT 41
CHART 18 CISCO SYSTEM: BUSINESS UNITS 42
CHART 19 CISCO SYSTEM: GEOGRAPHIC REVENUE 43
CHART 20 CISCO SYSTEM: SWOT ANALYSIS 44
CHART 21 GOOGLE INC.: OVERVIEW SNAPSHOT 46
CHART 22 GOOGLE INC.: BUSINESS UNITS 47
CHART 23 GOOGLE INC.: GEOGRAPHIC REVENUE 48
CHART 24 GOOGLE INC.: SWOT ANALYSIS 49
CHART 25 GENERAL ELECTRIC: OVERVIEW SNAPSHOT 51
CHART 26 GENERAL ELECTRIC: BUSINESS UNITS 52
CHART 27 GENERAL ELECTRIC: GEOGRAPHIC REVENUE 53
CHART 28 GENERAL ELECTRIC: SWOT ANALYSIS 54
CHART 29 PANASONIC: OVERVIEW SNAPSHOT 56
CHART 30 PANASONIC: BUSINESS UNITS 57
CHART 31 PANASONIC: GEOGRAPHIC REVENUE 58
CHART 32 PANASONIC: SWOT ANALYSIS 59
CHART 33 HONEYWELL INTERNATIONAL INC.: OVERVIEW SNAPSHOT 60
CHART 34 HONEYWELL INTERNATIONAL INC.: BUSINESS UNITS 61
CHART 35 HONEYWELL INTERNATIONAL INC.: GEOGRAPHIC REVENUE 62
CHART 36 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 63
CHART 37 MICROSOFT: MARKET OUTLOOK 65
CHART 38 IBM CORP.: MARKET OUTLOOK 66
CHART 39 ABB: MARKET OUTLOOK 68
CHART 40 SAP SE: MARKET OUTLOOK 70
CHART 41 APPLE: MARKET OUTLOOK 72
Research Methodology
The research study released with title "Smart Cities Market in India – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2025" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Key Executives Interviewed
Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.
To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.
HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the Smart Cities Market review. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from Smart Cities Market review who then work towards appointment generation.
Primary Data Collection
The primary research is performed by taking the interviews of executives of various companies dealing in the Smart Cities Market review as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.
Secondary Sources
The secondary resources considered in the Smart Cities Market review study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.
Market Breakdown and Data Triangulation
To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "Smart Cities Market in India – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2025" .
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Key Information from Primary Sources
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| Format | Properties | |
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| 1-User Access | The report is sent in PDF format. The report will be emailed to you. | This is a single user access license, allowing one specific user to access the report. |
| Site User | The study would be provided in PDF format. The report will be emailed to you. | This is a site license, allowing 1-10 employees within your organisation to access the report. |
| Enterprise User | The format of deliverable would be PDF and Excel. | This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report. |
