The smart city platform market is anticipated to grow at a significant CAGR during the forecast period. A smart city is a system that includes several facilities such as building automation systems, smart transportation systems, smart lighting systems, security and control systems, intelligent grids, renewable power, water treatment, and supply, etc.

Smart cities are increasing globally, due to urbanization, which is enabling the growth of the market. The government schemes and spending are also providing much more importance to platform providers as compared to standalone smart solutions due to the scalability and integration of other smart solutions.

National governments helping the enlargement of smart city projects is also a major trend in the market. With the aid of the Smart Cities and Communities European Innovation Partnership (EIP SCC), supported by the European Commission, 79 cities in the region have undertaken smart city development. EIP-SCC plans to have 400 smart cities by 2020.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Offering

o By Delivery Model

o By Application

• Competitive Landscape: Google LLC (US), Hitachi, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), IBM Corp. (US), Intel Corp. (US)

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smart City Platform Market by Region

By Offering

• Platforms

• Connectivity Management Platform

• Integration Platform

• Device Management Platform

• Security Platform

• Data Management Platform

• Services

• Professional Services

? Consulting and Architecture Designing

? Infrastructure Monitoring and Management

? Deployment and Training

• Managed Services

By Delivery Model

• Offshore

• Hybrid

• Onsite

By Application

• Smart Transportation

• Public Safety

• Smart Energy and Utilities

• Infrastructure Management

• Citizen Engagement

Global Smart City Platform Market by Region