The recent report by Astute Analytica on the Global Smart Cities Engineering Construction Services Market covers all the factors which will impact the market in the coming years. The report discusses several sections, such as COVID-19 impact, shareholding segments, etc. Moreover, it also outlines the list of past innovations and ongoing events to give an overview of the trends.
The Smart Cities Engineering Construction Services Market is estimated to witness a major jump in revenue from US$ 114.27 Bn in 2021 to US$ 453.07 Bn by 2030. The market is registering growth at a CAGR of 16.5% over the forecast period 2022-2030.
Factors Affecting the Market
Technology is maintaining a vital place across all industrial verticals, including healthcare, automotive, construction, etc. Companies leverage cloud and service-based services to propel innovation and bring significant revolution. Thus, it will drive the growth of the Global Smart Cities Engineering Construction Services Market during the forecast period.
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Growing investments in this market are expected to boost the growth of the overall market. For instance, the US Federal Government set aside $58.4 billion budget for IT at civilian Federal agencies in 2022, which is an increase of 2.4 percent from 2021.
COVID-19 Impact Analysis
The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the Smart Cities Engineering Construction Services Market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.
Regional Analysis
By Service Type segment of the Global Smart Cities Engineering Construction Services Market is sub-segmented into:
- End to end services
- Surveying
- Master Planning
- Conceptual Architecture
- Geotechnical Engineering Material Testing
- Design Engineering
- Feasibility Studies
- ICT Consulting
- Environment Impact Assessment
- Tenders Bid Management
- Vendor Selection On-boarding
By Solution segment of the Global Smart Cities Engineering Construction Services Market is sub-segmented into:
- Design/ Consulting
- Network
- Infrastructure
- Hardware
- Software
- Equipment
- Other Solutions
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By Project segment of the Global Smart Cities Engineering Construction Services Market is sub-segmented into:
- Buildings
- Residential Commercial Complexes
- Hospitality Building
- IT Parks
- Educational Campuses
- Healthcare Facilities
- Recreation Training Centers
- Urban Development
- Greenfield Smart Cities
- Integrated Townships
- Brownfield City Upgrades
- Industrial
- Townships Port Cities
- Roads Highways
- Industrial Manufacturing
- FMCG
- Automotive
- Agriculture Machinery
- Energy
- Aerospace Defense Manufacturing
- Others
By Application segment of the Global Smart Cities Engineering Construction Services Market is sub-segmented into:
- Housing
- Water
- Waste
- Smart Grid
- Energy
- Lighting
- Transportation
- Traffic
- Citizen Services
- Healthcare
- Education
- Safety Security
- eGovernance
- IoT
By City Topography segment of the Global Smart Cities Engineering Construction Services Market is sub-segmented into:
- Developed Economies
- New
- Existing
- Emerging Economies
- New
- Existing
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East
- UAE
- Saudi Arabia
- Rest of MEA
- Africa
- Kenya
- Nigeria
- South Africa
- Rest of Africa
- South America
- Argentina
- Brazil
- Rest of South America
- Western Europe
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Key Players Insights
The key players in the global smart cities engineering construction services market are AECOM, Arup Group, Black Veatch, TuV, Bleak Veatch Singapore, PWC, Accenture, Tata Consulting Engineers, and Gaia Smart Cities Solutions Pvt. Ltd among others.
Through extensive research, it is found that big players have adopted various competitive strategies such as mergers acquisitions in order to have a grip in the stabilized market scenarios. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies
About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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