Market Overview:
The UAE Smart Cities Market size was reasonably estimated to be approximately USD 9.69 Billion in 2023 and is poised to generate revenue of over USD 61.57 Billion by the end of 2030, projecting a CAGR of around 26% from 2023 to 2030.
UAE has been actively working to become a leading smart city that aims to integrate advanced technologies and data solutions to improve city services and improve the quality of life for residents and visitors.
In UAE's smart city vision is the widespread use of Internet of Things (IoT) devices and sensors. They are used throughout the city to collect real-time information on various aspects such as traffic flow, energy consumption, waste management, and air quality. By collecting and analysing this data, It can make informed decisions to optimize its infrastructure and services.
The city's transportation system is at the heart of its smart city initiatives. UAE is implementing smart traffic management systems, smart parking solutions and exploring the uses of autonomous vehicles. These initiatives aim to reduce traffic congestion and improve overall mobility in the city.
UAE is also committed to improving energy efficiency and sustainability. Smart grid technologies are applied to optimize energy distribution and minimize waste. The city also uses renewable energy sources, especially solar energy, to reduce its carbon footprint. UAE is investing in smart infrastructure, including smart buildings with energy-efficient systems and automated waste collection.
Top Key Players Covered in The UAE Smart Cities Market:
- Digital Dubai (UAE)
- Etisalat (UAE)
- Smart Dubai (UAE)
- Dubai Electricity & Water Authority (PJSC) (UAE)
- Abu Dhabi Systems and Information Centre (ADSIC) (UAE)
- Masdar City (UAE)
- Honeywell (USA)
- IBM (USA)
- Etisalat Digital (UAE), and Other Major Players
Market Dynamics and Factors:
UAE boasts one of the most robust and high-speed internet infrastructures in the region. The widespread availability of high-speed broadband and 4G/5G networks enables seamless data communication and supports the integration of various smart city technologies.
It has been actively deploying Internet of Things (IoT) devices and sensors across the city. These IoT devices are interconnected through the digital infrastructure, allowing data to be collected, analysed, and used to optimize various services and improve efficiency.
The country has established data centres and cloud services that store and process vast amounts of data generated by smart city solutions. These facilities enable real-time analytics and support data-driven decision-making in various sectors. New technologies encourage innovation and creativity, enabling UAE to explore novel solutions to address urban challenges. By fostering an environment that supports research and development, the city can attract tech start-ups and companies focused on smart city solutions, fostering a culture of innovation.
The UAE SMART CITIES Market Report Highlight:
- By Service And Solution, Smart Mobility Management segment stands out as a dominant force reshaping urban landscapes. This segment encapsulates a range of innovative solutions aimed at optimizing transportation networks, reducing congestion, and enhancing overall mobility experiences within cities.
- By Components, Services encompass a wide array of offerings essential for the functioning and optimization of smart city infrastructure. These include consultancy, system integration, maintenance, and managed services, among others. The complexity of integrating various technologies and ensuring their seamless operation necessitates expert guidance and ongoing support, thus driving demand for service providers.
- By Country, Dubai demonstrated its commitment to becoming a smart city by showcasing cutting-edge technologies and innovations. The city displayed various smart solutions in areas such as transportation, energy efficiency, healthcare, public safety, and digital government services. These demonstrations helped raise awareness about Dubai smart city vision and its capabilities in implementing advanced technologies.
Key Industry Development:
In June 2023, Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, launched Dubai’s Digital Strategy. The launch of the strategy sets the stage for a new era of digital transformation, in line with the leadership’s vision to position Dubai as a global role model in the sector.
In Sept 2022, Etisalat UAE, branded as Etisalat by e&, announced the launch of the all-new business proposition ‘Business Pro’ that is aimed to meet the digital needs of businesses by providing benefits that will facilitate office, remote work and hybrid working.
The UAE Smart Cities Market Segmentation:
By Solution and Service
- Smart Mobility Management
- Smart Public Safety
- Smart Healthcare
- Smart Building
- Smart Utilities
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 Market Research has segmented the UAE 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
