1Q 2021

Analyst Insight: Smart City Trends by Region

Smart City Tracker Insights

With multiple COVID-19 vaccine candidates being deployed and many nations beginning to announce recovery stimulus packages, the world likely stands at the financial inflection point of a fading crisis. Negative financial impacts from the pandemic have affected municipalities, many of which have constrained annual budgets to account for shrinking revenue. These financial consequences are not evenly dispersed and are expected to affect smart city development differently for varying world regions. Those nations able to use strong central banks and stimulus spending packages are likely to see a surge in smart city project deployments. Those without these resources will likely see an ongoing stagnation in public spending, including in the smart city market.

Simultaneously, public demand for smart city projects has increased as the pandemic suddenly shifted the ways in which people rely on municipal infrastructure. Smart transportation, micromobility, and connectivity projects have seen a surge in both deployment and popularity since the pandemic began. The permanence of these projects, especially micromobility infrastructure, will be a subject of ongoing interest as recovery efforts commence.

This Guidehouse Insights report focuses on historical and anticipated trends for smart city projects generally within each of the five world regions tracked: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Drawing on data from Guidehouse Insights’ Smart Cities Tracker, this report considers 619 tracked smart city projects from 2010 to 2020. Discussion on this data includes regional market drivers, barriers, and emerging opportunities.

Pages 15
Tables | Charts | Figures 4
  • What are the key smart city development trends across global regions?
  • Which cities around the world are developing smart city projects?
  • How do project development trends differ from region to region?
  • What are the leading project types (e.g., transportation, government) being implemented globally?
  • What patterns have emerged around smart city projects by region?
  • What project types have become most prevalent in recent years?
  • What are the main funding vehicles for these projects?
  • Energy management hardware and software vendors
  • Smart grid hardware and software vendors
  • Building equipment and appliance vendors
  • Urban sensor vendors
  • Smart transportation providers 
  • Networking and telecommunications vendors
  • Utilities
  • Silicon chip and computer components vendors
  • Investor community

Introduction

Scope

Executive Summary

Tracked Global Smart City Projects

Market Inflection Trends

Smart City Trends by Region

Market Drivers and Barriers

Key Recommendations

Acronyms, Resources, and Contact

  • Cumulative Smart City Projects by Region, World Markets: 2011-2020
  • Top 10 Countries by Smart Cities Projects Tracked, World Markets: 1Q21
  • Smart City Development Industry Growth Potential by Region, World Markets: 2021-2030
  • Market Drivers and Barriers