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, Distr
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGCC 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, Distr
GCC Smart Cities market is anticipated to grow in the forecast period owing to rising urbanization and the increasing need for infrastructure and
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
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
On-going
For instance, the Ministry of Municipality and Environment of Qatar allocated USD 7.0 billion in its 2021 budget to further develop major infrastructure
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,
| 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) |
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