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Indonesia Smart Cities Market To Reach USD 2.84 Billion By Year 2030

Indonesia Smart Cities Market Size Was Valued at USD 1.10 Billion in 2023 and is Projected to Reach USD 2.84 Billion by 2030, Growing at a CAGR of 12.60% From 2023-2030.

05-04-2024
Swati Kalagate
IT and Telecom
Pristine Intelligence LLP

Market Overview:

Indonesia Smart Cities Market Size Was Valued at USD 1.10 Billion in 2023 and is Projected to Reach USD 2.84 Billion by 2030, Growing at a CAGR of 12.60% From 2023-2030.

A smart city is a modern urban area that uses electronic methods and sensors to collect data for efficient management of assets, resources, and services. This data is used to improve operations across the city, including traffic, transportation systems, power plants, utilities, and community services. Many Indonesia cities are investing in smart city projects, partnering with technology companies and start-ups to implement innovative solutions in areas like transportation, energy management, public safety, and healthcare. Sustainable development is a key driver of the smart city market, with cities adopting green practices and promoting renewable energy sources. Smart mobility solutions, such as intelligent traffic management systems and electric vehicle charging infrastructure, are gaining traction.

Top Key Players Covered in The Indonesia Smart Cities Market:

    • PT Aplikanusa Lintasarta (Indonesia)
    • PT Telkom (Telekomunikasi Indonesia Tbk) (Indonesia)
    • PT XL Axiata Tbk (Indonesia)
    • PT Link Net Tbk (First Media) (Indonesia)
    • PT Surya Semesta Internusa (Indonesia)
    • Ace Hardware Tbk (US)
    • PT Sinar Mas Land (Indonesia)
    • PT Cipta Kridatama (Indonesia)
    • SICE (Spain)
    • PT Cyberindo Aditama (CBN) (Indonesia)
    • PT Sampoerna Telekomunikasi Indonesia (STI) (Indonesia), and Other Major Players

Market Dynamics and Factors:           

The Indonesia market for smart cities is influenced by urbanization, government initiatives, and funding for smart infrastructure development, sustainability, and improved quality of life. This trend is driven by the increasing demand for efficient resource management and the need for innovative solutions to manage resources efficiently The Indonesia smart city market is significantly influenced by technological advancements like IoT devices, AI, data analytics, and cloud computing. These technologies integrate across sectors like transportation, energy, healthcare, and public safety, enhancing connectivity, real-time data insights, and decision-making processes, thus driving the adoption of smart city solutions. Public-private partnerships (PPPs) are transforming smart city projects by combining government agencies, technology providers, and other stakeholders, leveraging their expertise and resources to implement scalable and sustainable solutions. The Indonesia smart city market has issues such as cybersecurity, data privacy, interoperability, and high starting expenditures. Stakeholders must overcome these challenges while using innovation and cooperation to define the dynamic landscape of smart cities in the Indonesia.

The France Smart Cities Market Report Highlight:

    • By Solution and Service, Smart Healthcare segment is expected to dominate the market during the forecast period. Indonesia Smart Cities are implementing smart healthcare solutions, leveraging IoT devices, data analytics, and connectivity to improve healthcare efficiency, accessibility, and quality.
    • By Component, Software segment held the largest share of the market. software segment dominates the Smart Cities market, leveraging IoT, data analytics, and AI-driven solutions to shape modern urban environments.

Key Industry Development:

In Jan 2023, Lintasarta, an Information and Communication Technology (ICT) total solutions company, launched the newest product Deka Sovereign Cloud in one of Lintasarta’s sub-brands, namely Lintasarta Cloudeka which has received the first Cloud Sovereign certification in Indonesia from VMWare.

In Feb 2023, Gojek, the on-demand service business unit of GoTo Group, Indonesia’s largest digital ecosystem, together with KAI Commuter, officially launched the expansion of GoTransit for passengers in Solo and Jogja. The announcement was made during a ceremony held at Pura Mangkunegaran in Surakarta and was attended by Gojek and KAI Commuter management, the Ministry of Transportation, the Ministry of State-Owned Enterprises, and local governments from Central Java and Surakarta.

The Indonesia 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

    • Emerging Smart Cities
    • Developing Smart Cities
    • Mature Smart Cities

By End-user

    • Government & Municipalities
    • Transportation & Logistics
    • Energy & Utilities
    • Healthcare
    • Education
    • Others

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)

 North America

  • The U.S.
  • Canada
  • Mexico

Eastern Europe

  • Russia
  • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

  • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Spain
  • Rest of Western Europe

Asia Pacific

  • China
  • India
  • Japan
  • Singapore
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

  • Turkey
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

  • Brazil
  • Argentina
  • Rest of SA
Pristine Intelligence LLP

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