Australia Smart Cities Market Size, Share, Price, Trend and Forecast To 2030
Market Overview:
Australia Smart Cities Market Size Was Valued at USD 3.74
Billion in 2023, and is Projected to Reach USD 8.32 Billion by 2030, Growing at
a CAGR of 12.1% From 2023-2030.
Australia
is deeply engaged in the development and execution of smart city initiatives,
aiming to leverage technology and data solutions to enhance citizens' quality
of life, bolster sustainability, and optimize city services. Major cities like
Sydney, Melbourne, Adelaide, Brisbane, Perth, and Canberra have initiated
projects focusing on diverse urban challenges such as transportation, energy
efficiency, waste management, public safety, and digital connectivity. The
country is investing in robust digital infrastructure including high-speed
internet, IoT networks, and smart sensors for data collection and analysis to
facilitate informed decision-making. Emphasizing sustainability, Australian
smart cities integrate renewable energy, promote energy-efficient buildings,
eco-friendly transportation, and waste reduction initiatives. Transport and
mobility improvements are central, incorporating real-time traffic management,
intelligent parking systems, and the promotion of electric and autonomous
vehicles. Utilizing data analytics and AI, these cities gather insights from
various sources including sensors and citizen feedback, facilitating resource
allocation and planning. Citizen engagement is prioritized through digital
platforms and mobile applications, fostering active involvement in urban
planning and governance processes.
Top Key Players Covered In The Smart Cities Market:
·
Cisco
Systems (US)
·
IBM
(US)
·
Siemens
(Germany)
·
Telstra
Corporation Limited (Australia)
·
Schneider
Electric (France)
·
Microsoft
(US)
·
Ericsson
(Sweden)
·
Huawei
Technologies (China)
·
Intel
(US)
·
AECOM
(US)
·
Veolia
(France)
·
Arup
Pty Limited (UK)
·
Optus
Networks Pty Ltd (Australia)
·
Landis+Gyr
Pty Ltd (Switzerland)
·
Transdev
(France)
·
Nokia
Solutions and Networks (Finland)
·
WSP
(Canada)
·
SAP
(Germany)
·
Thales
(France)
·
NEC
(Japan), and Other Major Players
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Market Dynamics and Factors:
Australia's smart cities prioritize disaster preparedness and
resilience through advanced early warning systems, sustainable infrastructure,
and community engagement initiatives. Early warning systems leverage
sophisticated sensors and weather monitoring techniques to detect and predict
natural disasters, offering real-time alerts to residents and authorities for
timely evacuation and action. Moreover, these cities invest in sustainable
infrastructure designed to withstand extreme weather conditions, ensuring
critical facilities like bridges and buildings are more resilient.
Additionally, community education programs utilize digital platforms and mobile
applications to raise awareness about potential risks and preparedness
measures, empowering residents with essential information and resources.
Real-time monitoring and decision-making constitute integral
components of smart city projects, facilitating immediate and informed actions
for efficient urban management. Leveraging a network of sensors, IoT devices,
and data-gathering technologies placed strategically across the urban
environment, these cities continuously collect data on various parameters like
traffic flow, air quality, and energy consumption. Advanced data analysis
techniques, including machine learning and artificial intelligence, process
this data in real time, identifying patterns and correlations to provide
insights into urban dynamics. These insights are then presented through
user-friendly dashboards and visualizations, offering a comprehensive overview
of the city's infrastructure and services for effective decision-making.
The Smart Cities Market Report Highlight:
·
By Solution and Service, the Smart Mobility Management
segment is Anticipated to Dominate the Market Over the Forecast Period. The smart
mobility management segment will be the dominant force in the Australian smart
city market during the forecast period. This is due to several factors, such as
the increasing adoption of smart mobility solutions, government initiatives to
improve traffic, and the rise in popularity of ride-sharing and on-demand
mobility services.
·
By Component, the service segment is likely to dominate. Smart city
initiatives require comprehensive solutions that integrate hardware, software,
and services. While hardware and software are essential components, the service
segment encompasses implementation, customization, maintenance, and support,
which are crucial for the successful deployment and operation of smart city
projects.
·
By Country, Victoria
emerges as a dominant force in Australia's smart city market, particularly
propelled by the progressiveness of its capital, Melbourne. The city has made
impressive strides with successful smart city projects, encompassing advanced
systems for traffic management, water management, and lighting. Melbourne's
commitment to cutting-edge technology solidifies its position as one of the
most forward-thinking cities worldwide. The impact of smart city initiatives extends beyond
Melbourne, with other cities in Victoria, such as Geelong, Ballarat, and
Bendigo, investing in and embracing smart city technologies. Collectively,
these cities bolster Victoria's leadership in the smart city landscape across
the country.
Key Industry Development:
In June 2023, Telstra launched a new end-to-end
Industrial Automation capability to help transform some of Australia’s biggest
industries - making them smarter, safer, cleaner, more productive, and more
secure. The comprehensive suite of services combines Telstra Purple’s recent
industrial solutions acquisitions Aqura Technologies and Alliance Automation, a
joint venture with data science and AI leader Quantium, and Telstra’s
high-quality networks, including 5G, Fibre, and IoT.
In June 2023, Lendlease, and telco leader, Optus,
a Globally integrated real estate group, announced the signing of a new
multi-year technology partnership between the two industry-leading companies.
This strategic partnership between Lendlease and Optus will create value for
both our people, and those who live, work, and play in our precincts.
The Smart Cities Market Segmentation:
By Solution and Service
·
Smart
Mobility Management
·
Smart
Public Safety
·
Smart
Healthcare
·
Smart
Building
·
Smart
Utilities
·
Others
By Component
·
Hardware
·
Software
·
Service
By Level
·
Hardware
·
Software
·
Service
By End-user
·
Government
& Municipalities
·
Transportation
& Logistics
·
Energy
& Utilities
·
Healthcare
·
Education
·
Others
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For this report, Pristine Intelligence has segmented the Smart
Cities Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units,
2023-2030)
o
The
U.S.
o
Canada
o
Mexico
o Russia
o Bulgaria
o The
Czech Republic
o Hungary
o Poland
o Romania
o Rest
of Eastern Europe
•
Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Spain
o Rest
of Western Europe
· Asia Pacific
o
China
o
India
o
Japan
o
Singapore
o
Australia
o
New-Zealand
o
Rest
of APAC
· Middle East & Africa
o
Turkey
o
Saudi
Arabia
o
Qatar
o
UAE
o
Israel
o
South
Africa
· South America
o
Brazil
o
Argentina
o
Rest
of SA
Scope of the Report:
The latest research on the Smart Cities market provides a
comprehensive overview of the market for the years 2023 to 2030. It gives a
comprehensive picture of the Australia Smart Cities industry, considering all
significant industry trends, market dynamics, competitive landscape, and market
analysis tools such as Porter's five forces analysis, Industry Value chain
analysis, and PESTEL analysis of the Smart Cities market. Moreover, the report
includes significant chapters such as Patent Analysis, Regulatory Framework,
Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and
Investment Analysis which help to understand the market direction and movement
in the current and upcoming years. The report is designed to help readers find
information and make decisions that will help them grow their businesses. The
study is written with a specific goal in mind to give business insights and
consultancy to help customers make smart business decisions and achieve
long-term success in their particular market areas.
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