Market overview
The global smart city services market is worth USD 83.2 bn in 2026 and is forecast to reach USD 216 bn by 2036, growing at a 10.0% CAGR. China is the largest country market and Intelligent transport and mobility is the largest by domain segment.
| Scope | Revenue from planning, integration, operation and managed services for connected urban systems, including traffic, public safety, utilities, lighting and citizen services. |
|---|---|
| Industry | Services and Utilities |
| Value 2025 | USD 75.0 bn |
| Value 2026 | USD 83.2 bn |
| Value 2036 | USD 216 bn |
| CAGR 2026-2036 | 10.0% |
| Volume 2026 | 60.5 thousand projects |
| Volume 2036 | 142 thousand projects |
| Average price 2026 | USD 1,377,000 per project |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Smart City Services market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 83.2 bn |
| 2027 | USD 91.6 bn |
| 2028 | USD 101 bn |
| 2029 | USD 111 bn |
| 2030 | USD 122 bn |
| 2031 | USD 134 bn |
| 2032 | USD 147 bn |
| 2033 | USD 162 bn |
| 2034 | USD 178 bn |
| 2035 | USD 196 bn |
| 2036 | USD 216 bn |
Smart City Services market segmentation
By domain
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Intelligent transport and mobility | 30.0% | 30.3% | USD 25.0 bn | 10.1% |
| Public safety and surveillance | 22.0% | 20.3% | USD 18.3 bn | 9.1% |
| Utilities and smart energy | 20.0% | 19.3% | USD 16.6 bn | 9.6% |
| Smart lighting and buildings | 14.0% | 12.3% | USD 11.7 bn | 8.6% |
| Citizen and administration services | 14.0% | 17.7% | USD 11.7 bn | 12.6% |
By service
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| System integration | 40.0% | 38.2% | USD 33.3 bn | 9.5% |
| Managed and operation services | 30.0% | 34.4% | USD 25.0 bn | 11.5% |
| Consulting and planning | 14.0% | 12.8% | USD 11.7 bn | 9.0% |
| Maintenance and support | 16.0% | 14.6% | USD 13.3 bn | 9.0% |
By funding model
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Public budgets | 56.0% | 50.0% | USD 46.6 bn | 8.8% |
| Public-private partnerships | 26.0% | 30.0% | USD 21.6 bn | 11.6% |
| Private and developer funded | 18.0% | 20.0% | USD 15.0 bn | 11.2% |
By city size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Megacities (over 10 million) | 34.0% | 36.0% | USD 28.3 bn | 10.6% |
| Large cities (1 to 10 million) | 44.0% | 43.0% | USD 36.6 bn | 9.8% |
| Mid-sized cities | 22.0% | 21.0% | USD 18.3 bn | 9.5% |
By technology layer
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Connectivity and IoT devices | 26.0% | 22.0% | USD 21.6 bn | 8.2% |
| Data platforms and analytics | 34.0% | 36.0% | USD 28.3 bn | 10.6% |
| City applications | 40.0% | 42.0% | USD 33.3 bn | 10.5% |
Top 25 countries for smart city services by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 83.5% of 2026 revenue and the 25 countries below together hold 95.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 20.8 bn | 25.0% | USD 54.0 bn | 10.0% |
| 2 | United States | USD 16.6 bn | 20.0% | USD 37.8 bn | 8.5% |
| 3 | India | USD 6.7 bn | 8.0% | USD 26.8 bn | 14.9% |
| 4 | Japan | USD 5.0 bn | 6.0% | USD 9.9 bn | 7.1% |
| 5 | United Kingdom | USD 4.2 bn | 5.0% | USD 9.5 bn | 8.6% |
| 6 | Saudi Arabia | USD 4.2 bn | 5.0% | USD 15.3 bn | 13.9% |
| 7 | United Arab Emirates | USD 3.3 bn | 4.0% | USD 10.4 bn | 12.0% |
| 8 | Germany | USD 3.3 bn | 4.0% | USD 7.1 bn | 7.9% |
| 9 | South Korea | USD 2.9 bn | 3.5% | USD 6.9 bn | 9.0% |
| 10 | Singapore | USD 2.5 bn | 3.0% | USD 5.6 bn | 8.4% |
| 11 | France | USD 1.7 bn | 2.0% | USD 3.9 bn | 8.6% |
| 12 | Spain | USD 1.2 bn | 1.4% | USD 2.7 bn | 8.7% |
| 13 | Italy | USD 932 mn | 1.1% | USD 2.1 bn | 8.7% |
| 14 | Australia | USD 799 mn | 1.0% | USD 1.8 bn | 8.7% |
| 15 | Canada | USD 708 mn | 0.8% | USD 1.6 bn | 8.6% |
| 16 | Brazil | USD 641 mn | 0.8% | USD 1.6 bn | 9.7% |
| 17 | Turkey | USD 583 mn | 0.7% | USD 1.5 bn | 9.7% |
| 18 | Netherlands | USD 541 mn | 0.7% | USD 1.3 bn | 8.8% |
| 19 | Indonesia | USD 508 mn | 0.6% | USD 1.4 bn | 10.7% |
| 20 | Qatar | USD 483 mn | 0.6% | USD 1.1 bn | 8.6% |
| 21 | Thailand | USD 458 mn | 0.6% | USD 1.2 bn | 9.8% |
| 22 | Malaysia | USD 433 mn | 0.5% | USD 1.1 bn | 9.8% |
| 23 | Egypt | USD 416 mn | 0.5% | USD 1.1 bn | 9.8% |
| 24 | Mexico | USD 400 mn | 0.5% | USD 907 mn | 8.5% |
| 25 | Russia | USD 383 mn | 0.5% | USD 885 mn | 8.7% |
| Rest of world | USD 3.6 bn | 4.3% | USD 8.5 bn | 9.0% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Siemens
- Cisco
- IBM
- Huawei
- Hitachi
- Schneider Electric
- Alibaba Cloud
- Johnson Controls
- ZTE
Group 2: Regional and specialist players
- Honeywell
- NEC
- Kapsch TrafficCom
- Thales
- Accenture
- Bosch
- Fujitsu
- Itron
- Verizon
- Wipro
Group 3: Emerging and niche players
- Telensa
- Ubicquia
- Cityzenith
- Numina
- StreetLight Data
- CIVIQ Smartscapes
- Bigbelly
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the smart city services market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 10.0% is calculated from the resulting values.
The market is divided by domain, by service, by funding model, by city size, by technology layer. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the smart city services market?
The global smart city services market is estimated at USD 75.0 bn in 2025 and USD 83.2 bn in 2026.
How fast will the smart city services market grow?
It is forecast to reach USD 216 bn by 2036, a compound annual growth rate of 10.0% from 2026, an increase of USD 133 bn.
Which country is the largest market for smart city services?
China is the largest market by revenue at USD 20.8 bn in 2026, 25.0% of the global total. The three largest countries together hold 53.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 14.9% a year from 2026 to 2036.
Which smart city services segment is largest?
In the by domain split, Intelligent transport and mobility is the largest segment with 30.0% of 2026 revenue.
Who are the leading smart city services companies?
Global leaders include Siemens, Cisco, IBM, Huawei.
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