GCC Smart Cities Market By Smart Mobility (Smart Ticketing, Traffic Management, Passenger Information Management, Connected Logistics, and Others), By Smart Building (Building Infrastructure Management, Security & Emergency Management, Energy Management, Network Management, and Integrated Workplace Management System), By Smart Utility (Advanced Metering Infrastructure, Meter Data Management, Distribution Management System, Substation Automation, and Others), By Smart Citizen Service (Smart Healthcare, Smart Education, Smart Public Safety, Smart Street Lighting, Others), By Country, Competition Forecast and Opportunity, 2018-2028F
GCC Smart Cities market is anticipated to grow in the forecast period owing to rising urbanization and the increasing need for infrastructure and digital asset management. The Country is attracting numerous government investments toward developing smart cities as the digital ecosystem is improving. The upgradation in technology has fueled the adoption of the Internet of things (IoT) technology for smart cities to manage traffic flows, monitor city infrastructure, and monitor air and water quality. The rising need for ensuring public safety, efficient utilization of resources, rising demand for efficient energy consumption, and a healthy environment are expected to boost the smart cities' market growth during the forecast period.
The Middle East has a fertile ground for Smart Cities, especially in the six countries of the GCC. Two evolving verticals include, smart transport and smart lighting are key drivers of the rapidly growing Internet of Things worldwide and are also beginning to make a difference in the GCC. The six Gulf Cooperation Council (GCC) countries embrace the smart city framework to address their urban challenges. The GCC countries are the most urbanized countries across the globe. A decade and a half of a booming oil and gas industry have provided resources for urban modernization to governments across the Country. But the specter of the current lower oil prices continuing has created a sense of urgency. GCC countries are looking at ways to become more efficient and diversify their economies away from oil dependency. Smart-city technology is an essential aspect of this new journey.
In urban population growth, the demand for effective urban management is increasing at a rapid rate. The rising concerns for city management and its development are also relevant for the GCC countries. The GCC countries are highly urbanized, and by 2050 more than 90% of the population of these countries is expected to be settled in the cities. The rate of urban population for GCC countries is expected to reach 93.2% for Bahrain, 100% for Kuwait, 81.4% for Oman, 99.7% for Qatar, 90.4% for Saudi Arabia, and 92.4% for UAE by 2050. The main factors considered for a smart city are identified by a set of indicators: public expenditure on R&D, GDP growth rate, public expenditure on education, and income level. Some scholars describe economic and socio-political issues of the city, innovation, and others as the leading indicators of smart cities. From an economic point of view, the success factor for smart city development can be measured by GDP, sector strength, international transactions, and foreign investment. The main factors of the smart city in ranking medium-sized European cities were economy, mobility, environment, people, and governance.
On-going Developments in Infrastructure Sector are Fueling the Market Growth
The countries of the GCC have been witnessing massive growth in the development of the infrastructure sector. Moreover, implementation of major economic reforms by the governments, including transformations to the ease of doing business, encouraging new business and getting construction permits. These changes and development in the GCC region are anticipated to boost the adoption of smart cities. A smart city adopts top-notch technologies incorporating comprehensive IT infrastructure, a network of sensors, cameras, and data centers for the effective conveyance of essential services such as electricity, water supply, sanitation, etc. With the development of the infrastructure sector, the implementation of smart cities is expected to benefit by employing automation and enhanced data connectivity. For instance, the Ministry of Municipality and Environment of Qatar allocated USD 7.0 billion in its 2021 budget to further develop major infrastructure projects and water and electricity networks, in addition to continuing the work of maintenance, development, and expansion of roads.
Increasing Government Initiatives are Driving the Market Growth
The Government of GCC is taking many initiatives to promote the implementation of smart cities in the upcoming years. For instance, The Saudi government launched the Middle East Green Initiative to create a sustainable future for the country and to highlight green transition policy solutions. The initiative will help to improve people's lives and protect future generations by increasing reliance on clean energy, protecting the environment, and mitigating the effects of oil use. Additionally, to multiple efforts to preserve the marine and coastal environment, increase the percentage of natural reserves, and improve quality of life, the initiative aims to improve the efficiency of oil production and increase the contribution of renewable energy.
Growing Smart City Initiatives across GCC is Driving the Market Growth
Smart Cities are an important part of the national development strategies of each GCC country. At the same time, the key goal of developing smart cities is not just effective management but mainly improving the level and quality of life of citizens.
Market Segmentation
The GCC Smart Cities Market is fragmented into smart mobility, smart buildings, smart utility, smart citizen service, and country. Based on smart mobility, the market is fragmented into smart ticketing, traffic management, passenger information management, connected logistics, and others. Based on smart building, the market is segmented into building infrastructure management, security & emergency management, energy management, network management, and integrated workplace management system. Based on smart utility, the market is divided into advanced metering infrastructure, meter data management, distribution management system, substation automation, and others. Based on smart citizen service, the market is divided into smart healthcare, smart education, smart public safety, smart street lighting, and others. Based on the country, the market is fragmented into UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait.
Company Profiles
Siemens AG, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Schneider Electric, Intel Corporation, ABB Limited, Telefonaktiebolaget LM Ericsson, Oracle Corporation, and Fujitsu Limited are among the major market players in the country platform that lead the market growth of the GCC Smart Cities market.
Report Scope:
In this report, the GCC Smart Cities market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the GCC Smart Cities market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
The Middle East has a fertile ground for Smart Cities, especially in the six countries of the GCC. Two evolving verticals include, smart transport and smart lighting are key drivers of the rapidly growing Internet of Things worldwide and are also beginning to make a difference in the GCC. The six Gulf Cooperation Council (GCC) countries embrace the smart city framework to address their urban challenges. The GCC countries are the most urbanized countries across the globe. A decade and a half of a booming oil and gas industry have provided resources for urban modernization to governments across the Country. But the specter of the current lower oil prices continuing has created a sense of urgency. GCC countries are looking at ways to become more efficient and diversify their economies away from oil dependency. Smart-city technology is an essential aspect of this new journey.
In urban population growth, the demand for effective urban management is increasing at a rapid rate. The rising concerns for city management and its development are also relevant for the GCC countries. The GCC countries are highly urbanized, and by 2050 more than 90% of the population of these countries is expected to be settled in the cities. The rate of urban population for GCC countries is expected to reach 93.2% for Bahrain, 100% for Kuwait, 81.4% for Oman, 99.7% for Qatar, 90.4% for Saudi Arabia, and 92.4% for UAE by 2050. The main factors considered for a smart city are identified by a set of indicators: public expenditure on R&D, GDP growth rate, public expenditure on education, and income level. Some scholars describe economic and socio-political issues of the city, innovation, and others as the leading indicators of smart cities. From an economic point of view, the success factor for smart city development can be measured by GDP, sector strength, international transactions, and foreign investment. The main factors of the smart city in ranking medium-sized European cities were economy, mobility, environment, people, and governance.
On-going Developments in Infrastructure Sector are Fueling the Market Growth
The countries of the GCC have been witnessing massive growth in the development of the infrastructure sector. Moreover, implementation of major economic reforms by the governments, including transformations to the ease of doing business, encouraging new business and getting construction permits. These changes and development in the GCC region are anticipated to boost the adoption of smart cities. A smart city adopts top-notch technologies incorporating comprehensive IT infrastructure, a network of sensors, cameras, and data centers for the effective conveyance of essential services such as electricity, water supply, sanitation, etc. With the development of the infrastructure sector, the implementation of smart cities is expected to benefit by employing automation and enhanced data connectivity. For instance, the Ministry of Municipality and Environment of Qatar allocated USD 7.0 billion in its 2021 budget to further develop major infrastructure projects and water and electricity networks, in addition to continuing the work of maintenance, development, and expansion of roads.
Increasing Government Initiatives are Driving the Market Growth
The Government of GCC is taking many initiatives to promote the implementation of smart cities in the upcoming years. For instance, The Saudi government launched the Middle East Green Initiative to create a sustainable future for the country and to highlight green transition policy solutions. The initiative will help to improve people's lives and protect future generations by increasing reliance on clean energy, protecting the environment, and mitigating the effects of oil use. Additionally, to multiple efforts to preserve the marine and coastal environment, increase the percentage of natural reserves, and improve quality of life, the initiative aims to improve the efficiency of oil production and increase the contribution of renewable energy.
Growing Smart City Initiatives across GCC is Driving the Market Growth
Smart Cities are an important part of the national development strategies of each GCC country. At the same time, the key goal of developing smart cities is not just effective management but mainly improving the level and quality of life of citizens.
Market Segmentation
The GCC Smart Cities Market is fragmented into smart mobility, smart buildings, smart utility, smart citizen service, and country. Based on smart mobility, the market is fragmented into smart ticketing, traffic management, passenger information management, connected logistics, and others. Based on smart building, the market is segmented into building infrastructure management, security & emergency management, energy management, network management, and integrated workplace management system. Based on smart utility, the market is divided into advanced metering infrastructure, meter data management, distribution management system, substation automation, and others. Based on smart citizen service, the market is divided into smart healthcare, smart education, smart public safety, smart street lighting, and others. Based on the country, the market is fragmented into UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait.
Company Profiles
Siemens AG, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Schneider Electric, Intel Corporation, ABB Limited, Telefonaktiebolaget LM Ericsson, Oracle Corporation, and Fujitsu Limited are among the major market players in the country platform that lead the market growth of the GCC Smart Cities market.
Report Scope:
In this report, the GCC Smart Cities market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- GCC Smart Cities Market, By Smart Mobility:
- Smart Ticketing
- Traffic Management
- Passenger Information Management
- Connected Logistics
- Others
- GCC Smart Cities Market, By Smart Building:
- Building Infrastructure Management
- Security & Emergency Management
- Energy Management
- Network Management
- Integrated Workplace Management System
- GCC Smart Cities Market, By Smart Utility:
- Advanced Metering Infrastructure
- Meter Data Management
- Distribution Management System
- Substation Automation
- Others
- GCC Smart Cities Market, By Smart Citizen Service:
- Smart Healthcare
- Smart Education
- Smart Public Safety
- Smart Street Lighting
- Others
- GCC Smart Cities Market, By Country:
- UAE
- Bahrain
- Saudi Arabia
- Oman
- Qatar
- Kuwait
Company Profiles: Detailed analysis of the major companies present in the GCC Smart Cities market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW
2. RESEARCH METHODOLOGY
3. IMPACT OF COVID-19 ON GCC SMART CITIES MARKET OUTLOOK
4. EXECUTIVE SUMMARY
5. VOICE OF CUSTOMERS
6. GCC SMART CITIES MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Smart Mobility (Smart Ticketing, Traffic Management, Passenger Information Management, Connected Logistics, Others)
6.2.2. By Smart Building (Building Infrastructure Management, Security & Emergency Management, Energy Management, Network Management, Integrated Workplace Management System)
6.2.3. By Smart Utility (Advanced Metering Infrastructure, Meter Data Management, Distribution Management System, Substation Automation, Others)
6.2.4. By Smart Citizen Service (Smart Healthcare, Smart Education, Smart Public Safety, Smart Street Lighting, Others)
6.2.5. By Country
6.2.6. By Company (2022)
6.3. Market Attractiveness Index
7. UAE SMART CITIES MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Smart Mobility
7.2.2. By Smart Building
7.2.3. By Smart Utility
7.2.4. By Smart Citizen Service
7.3. Policy & Regulatory Landscape
8. BAHRAIN SMART CITIES MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Smart Mobility
8.2.2. By Smart Building
8.2.3. By Smart Utility
8.2.4. By Smart Citizen Service
8.3. Policy & Regulatory Landscape
9. SAUDI ARABIA SMART CITIES MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Smart Mobility
9.2.2. By Smart Building
9.2.3. By Smart Utility
9.2.4. By Smart Citizen Service
9.3. Policy & Regulatory Landscape
10. OMAN SMART CITIES MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Smart Mobility
10.2.2. By Smart Building
10.2.3. By Smart Utility
10.2.4. By Smart Citizen Service
10.3. Policy & Regulatory Landscape
11. QATAR SMART CITIES MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Smart Mobility
11.2.2. By Smart Building
11.2.3. By Smart Utility
11.2.4. By Smart Citizen Service
11.3. Policy & Regulatory Landscape
12. KUWAIT SMART CITIES MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Smart Mobility
12.2.2. By Smart Building
12.2.3. By Smart Utility
12.2.4. By Smart Citizen Service
12.3. Policy & Regulatory Landscape
13. MARKET DYNAMICS
13.1. Drivers
13.1.1. On-going Developments in Infrastructure Sector
13.1.2. Increasing Government Initiatives
13.1.3. Growing Smart City Initiatives across GCC
13.2. Challenges
13.2.1. Security Concerns
13.2.2. High Initial Cost
14. MARKET TRENDS & DEVELOPMENT
14.1. Need for Efficient Management
14.2. Increasing Demand for a Healthy Environment
14.3. Rising Government Investments
14.4. Rising Population & Urbanization
14.5. Merger & Acquisitions
15. COMPANY PROFILES
15.1. Siemens AG
15.1.1. Business Overview
15.1.2. Key Revenue and Financials (If Available)
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. Key Product/Services
15.2. Cisco Systems Inc.
15.2.1. Business Overview
15.2.2. Key Revenue and Financials (If Available)
15.2.3. Recent Developments
15.2.4. Key Personnel
15.2.5. Key Product/Services
15.3. IBM Corporation
15.3.1. Business Overview
15.3.2. Key Revenue and Financials (If Available)
15.3.3. Recent Developments
15.3.4. Key Personnel
15.3.5. Key Product/Services
15.4. Microsoft Corporation
15.4.1. Business Overview
15.4.2. Key Revenue and Financials (If Available)
15.4.3. Recent Developments
15.4.4. Key Personnel
15.4.5. Key Product/Services
15.5. Schneider Electric
15.5.1. Business Overview
15.5.2. Key Revenue and Financials (If Available)
15.5.3. Recent Developments
15.5.4. Key Personnel
15.5.5. Key Product/Services
15.6. Intel Corporation
15.6.1. Business Overview
15.6.2. Key Revenue and Financials (If Available)
15.6.3. Recent Developments
15.6.4. Key Personnel
15.6.5. Key Product/Services
15.7. ABB Limited
15.7.1. Business Overview
15.7.2. Key Revenue and Financials (If Available)
15.7.3. Recent Developments
15.7.4. Key Personnel
15.7.5. Key Product/Services
15.8. Telefonaktiebolaget LM Ericsson
15.8.1. Business Overview
15.8.2. Key Revenue and Financials (If Available)
15.8.3. Recent Developments
15.8.4. Key Personnel
15.8.5. Key Product/Services
15.9. Oracle Corporation
15.9.1. Business Overview
15.9.2. Key Revenue and Financials (If Available)
15.9.3. Recent Developments
15.9.4. Key Personnel
15.9.5. Key Product/Services
15.10. Fujitsu Limited
15.10.1. Business Overview
15.10.2. Key Revenue and Financials (If Available)
15.10.3. Recent Developments
15.10.4. Key Personnel
15.10.5. Key Product/Services
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
(Note: The companies list can be customized based on the client requirements.)
2. RESEARCH METHODOLOGY
3. IMPACT OF COVID-19 ON GCC SMART CITIES MARKET OUTLOOK
4. EXECUTIVE SUMMARY
5. VOICE OF CUSTOMERS
6. GCC SMART CITIES MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Smart Mobility (Smart Ticketing, Traffic Management, Passenger Information Management, Connected Logistics, Others)
6.2.2. By Smart Building (Building Infrastructure Management, Security & Emergency Management, Energy Management, Network Management, Integrated Workplace Management System)
6.2.3. By Smart Utility (Advanced Metering Infrastructure, Meter Data Management, Distribution Management System, Substation Automation, Others)
6.2.4. By Smart Citizen Service (Smart Healthcare, Smart Education, Smart Public Safety, Smart Street Lighting, Others)
6.2.5. By Country
6.2.6. By Company (2022)
6.3. Market Attractiveness Index
7. UAE SMART CITIES MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Smart Mobility
7.2.2. By Smart Building
7.2.3. By Smart Utility
7.2.4. By Smart Citizen Service
7.3. Policy & Regulatory Landscape
8. BAHRAIN SMART CITIES MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Smart Mobility
8.2.2. By Smart Building
8.2.3. By Smart Utility
8.2.4. By Smart Citizen Service
8.3. Policy & Regulatory Landscape
9. SAUDI ARABIA SMART CITIES MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Smart Mobility
9.2.2. By Smart Building
9.2.3. By Smart Utility
9.2.4. By Smart Citizen Service
9.3. Policy & Regulatory Landscape
10. OMAN SMART CITIES MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Smart Mobility
10.2.2. By Smart Building
10.2.3. By Smart Utility
10.2.4. By Smart Citizen Service
10.3. Policy & Regulatory Landscape
11. QATAR SMART CITIES MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Smart Mobility
11.2.2. By Smart Building
11.2.3. By Smart Utility
11.2.4. By Smart Citizen Service
11.3. Policy & Regulatory Landscape
12. KUWAIT SMART CITIES MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Smart Mobility
12.2.2. By Smart Building
12.2.3. By Smart Utility
12.2.4. By Smart Citizen Service
12.3. Policy & Regulatory Landscape
13. MARKET DYNAMICS
13.1. Drivers
13.1.1. On-going Developments in Infrastructure Sector
13.1.2. Increasing Government Initiatives
13.1.3. Growing Smart City Initiatives across GCC
13.2. Challenges
13.2.1. Security Concerns
13.2.2. High Initial Cost
14. MARKET TRENDS & DEVELOPMENT
14.1. Need for Efficient Management
14.2. Increasing Demand for a Healthy Environment
14.3. Rising Government Investments
14.4. Rising Population & Urbanization
14.5. Merger & Acquisitions
15. COMPANY PROFILES
15.1. Siemens AG
15.1.1. Business Overview
15.1.2. Key Revenue and Financials (If Available)
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. Key Product/Services
15.2. Cisco Systems Inc.
15.2.1. Business Overview
15.2.2. Key Revenue and Financials (If Available)
15.2.3. Recent Developments
15.2.4. Key Personnel
15.2.5. Key Product/Services
15.3. IBM Corporation
15.3.1. Business Overview
15.3.2. Key Revenue and Financials (If Available)
15.3.3. Recent Developments
15.3.4. Key Personnel
15.3.5. Key Product/Services
15.4. Microsoft Corporation
15.4.1. Business Overview
15.4.2. Key Revenue and Financials (If Available)
15.4.3. Recent Developments
15.4.4. Key Personnel
15.4.5. Key Product/Services
15.5. Schneider Electric
15.5.1. Business Overview
15.5.2. Key Revenue and Financials (If Available)
15.5.3. Recent Developments
15.5.4. Key Personnel
15.5.5. Key Product/Services
15.6. Intel Corporation
15.6.1. Business Overview
15.6.2. Key Revenue and Financials (If Available)
15.6.3. Recent Developments
15.6.4. Key Personnel
15.6.5. Key Product/Services
15.7. ABB Limited
15.7.1. Business Overview
15.7.2. Key Revenue and Financials (If Available)
15.7.3. Recent Developments
15.7.4. Key Personnel
15.7.5. Key Product/Services
15.8. Telefonaktiebolaget LM Ericsson
15.8.1. Business Overview
15.8.2. Key Revenue and Financials (If Available)
15.8.3. Recent Developments
15.8.4. Key Personnel
15.8.5. Key Product/Services
15.9. Oracle Corporation
15.9.1. Business Overview
15.9.2. Key Revenue and Financials (If Available)
15.9.3. Recent Developments
15.9.4. Key Personnel
15.9.5. Key Product/Services
15.10. Fujitsu Limited
15.10.1. Business Overview
15.10.2. Key Revenue and Financials (If Available)
15.10.3. Recent Developments
15.10.4. Key Personnel
15.10.5. Key Product/Services
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
(Note: The companies list can be customized based on the client requirements.)
