Report Description

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 spectre 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 is 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 a smart city development can be measured by GDP, sector strength, international transactions, and foreign investment. The main factors of the smart city in ranking European medium-sized cities were economy, mobility, environment, people, and governance.


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On-going Developments in Infrastructure Sector is Fueling the Market Growth

The countries of GCC have been witnessing a 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 the 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 the smart cities for 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 in 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, Fujitsu Limited, are among the major market players in the country platform that lead the market growth of the GCC Smart Cities market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Smart Mobility

Smart Building

Smart Utility

Smart Citizen Service

Country

Country Scope

UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait.

Key Companies Profiled

Siemens AG, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Schneider Electric, Intel Corporation, ABB Limited, Telefonaktiebolaget LM Ericsson, Oracle Corporation, Fujitsu Limited, among others

Customization Scope

10% free report customization with purchase. Addition or alteration to country, Country & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 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:

o   UAE

o   Bahrain

o   Saudi Arabia

o   Oman

o   Qatar

o   Kuwait

Competitive Landscape

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).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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. Major Contracts Awarded

16. Company Profiles

16.1. Siemens AG

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If Available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Product/Services

16.2. Cisco Systems Inc.

16.2.1. Business Overview

16.2.2. Key Revenue and Financials (If Available)

16.2.3. Recent Developments

16.2.4. Key Personnel

16.2.5. Key Product/Services

16.3. IBM Corporation

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If Available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Product/Services

16.4. Microsoft Corporation

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If Available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Product/Services

16.5. Schneider Electric

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If Available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Product/Services

16.6. Intel Corporation

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If Available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Product/Services

16.7. ABB Limited

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If Available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Product/Services

16.8. Telefonaktiebolaget LM Ericsson

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If Available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Product/Services

16.9. Oracle Corporation

16.9.1. Business Overview

16.9.2. Key Revenue and Financials (If Available)

16.9.3. Recent Developments

16.9.4. Key Personnel

16.9.5. Key Product/Services

16.10.Fujitsu Limited

16.10.1.              Business Overview

16.10.2.              Key Revenue and Financials (If Available)

16.10.3.              Recent Developments

16.10.4.              Key Personnel

16.10.5.              Key Product/Services

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Key players in the market are Siemens AG, Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Schneider Electric, Intel Corporation, ABB Limited, Telefonaktiebolaget LM Ericsson, Oracle Corporation, Fujitsu Limited.

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The fastest growing country is UAE which is growing at a rapid rate for the forecasted years owing to the digital transformations and government initiatives.

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Smart Cities has numerous advantages, including effective database analysis and decision-making, creation of safer communities, improved urban transportation, improving the environment through various systems, optimization of time in hospital and public service waiting times, evolution towards the internet of things (IoT), and implementation of new business opportunities.

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On-going developments in infrastructure sector, increasing government initiatives, and growing smart city initiatives across GCC are the main drivers for the Smart Cities market growth through the forecast years.

profile

Sakshi Bajaal

Business Consultant
Press Release

Smart Buildings to Witness Fastest Growth in GCC Smart Cities Market During the Forecast Period

Jan, 2023

Increasing urbanization along with the need for efficient management of resource utilization, public safety concerns, and efficient energy utilization is driving the GCC (Gulf Cooperation Council) Sm