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Smart Cities Engineering & Construction Services Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Smart Cities Engineering & Construction Services Market- (By Service Type – End to End Services, Master Planning, Conceptual Architecture, and Others; By Solution – Design, Consulting, Network, Infrastructure, and Others; By Project – Building, Urban Development, and Industrial Manufacturing; By Application – Housing, Water, Waste, Smart Grid, and Others; By City Topography – Developed Economies and Emerging Economies; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 18-Feb-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0222142
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Smart Cities Engineering & Construction Services Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 114.27 Bn
Expected Revenue in 2030US$ 453.07 Bn 
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Bn)
CAGR16.5% 
Segments coveredBy Service Type, Solution, Project, Application, City Topography, Regionsegment, and Region
Key CompaniesAECOM, Arup Group, Black & Veatch, TuV, PWC, Accenture, Tata Consulting Engineers,  and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The Global Smart Cities Engineering and Construction (E&C) Services Market is projected to grow at a CAGR of 16.5% during the forecast period 2022-2030.

Rising adoption of connected and smart technologies in smart cities, favorable government initiatives promoting smart cities and increasing digitization in public safety and transportation.

The ICT consulting segment is estimated to have the highest market share during the forecast period.

The Global Smart Cities Engineering and Construction (E&C) Services Market was valued at US$ 453.07 Billion in 2030.

The market is segmented into Design/ Consulting, network, infrastructure, hardware, software, equipment and other solutions. 

Increasing population, globalization and hyper-urbanization in the global economy transforms a city into a smart city. 

Security concern associated with smart cities and high capital expenditure in smart city construction restrain the market growth. 

Urban development segment is projected to be the most lucrative segment over the forecast period.

Asia Pacific region holds the largest market share and is expected to grow at the fastest CAGR during the forecast period. 

Technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), Big Data, Blockchain, 5G networks, geospatial technology and many others. 

Germany holds the major share in the Western Europe Market in terms of revenue 

The key players operating in the marketplace are Honeywell International Inc, AECOM, Arup Group, Meinhardt Group, TuV Rheinland, Incheon Smart-City Corporation, McKinsey & Company, Mott MacDonald Group, PWC, Accenture and Tata Consulting Engineers among others.