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