The Middle East & Africa Smart Cities Market, Projecting a Valuation of $40.38 Billion by 2030

1. "The Middle East & Africa Smart Cities Market, Projecting a Valuation of $40.38 Billion by 2030” J

2. Middle East & Africa Smart Cities Market 2023-2030 Meticulous Research®, a globally recognized leader in market research, has published its latest report titled, "Middle East & Africa Smart Cities Market by Solution (Smart Citizen Services, Smart Utilities, Smart Transportation), Component (Software, Hardware, Services), Technology (IoT, AI, Cloud Computing, Machine Learning), and Geography - Forecast to 2030." According to the report, the Middle East & Africa smart cities market is anticipated to soar to a remarkable $40.38 billion by 2030, achieving a robust CAGR of 25% over the forecast period. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample- report/cp_id=5670?utm_source=article&utm_medium=social&utm_campaign=product& utm_content=30-08-2024 Market Drivers and Challenges The rapid expansion of the Middle East & Africa smart cities market is primarily driven by escalating demand for sustainable urban infrastructure coupled with substantial investments in smart mobility and utility solutions. These advancements are poised to transform urban environments, making them more efficient and livable. However, the significant initial capital requirements for implementing these technologies present a barrier to market growth. Despite this, the integration of artificial intelligence and the deployment of advanced technologies like IoT, AI, and big data analytics are expected to unlock new growth opportunities. On the flip side, concerns regarding data misuse by large corporations pose a significant challenge for market players. Emerging Trends The report highlights emerging trends such as the proliferation of connected vehicles and the increasing adoption of autonomous drones. These innovations are expected to reshape urban landscapes across the Middle East and Africa, further driving the smart cities market. Segment Analysis The Middle East & Africa smart cities market is comprehensively segmented by solution, component, and technology: 1.Solution Segment: The market is categorized into smart citizen services, smart utilities, smart transportation, smart buildings, smart environment, and other smart solutions. o In 2024, the smart citizen services segment is projected to hold the largest market share. This dominance is attributed to the growing adoption of digital technologies aimed at creating more efficient and sustainable urban environments, enhanced public safety measures, and increased citizen engagement through digital platforms. o However, the smart utilities segment is expected to experience the highest CAGR during the forecast period, driven by the need for optimizing asset o Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Middle East & Africa Smart Cities Market 2023-2030 performance, improving operational efficiencies, and enhancing transparency. 2.Component Segment: The market is divided into hardware, software, and services. o The hardware segment is expected to dominate the market in 2024, owing to the growing use of hardware components to manage resources and improve urban living standards. The increasing implementation of sensors integrated with AI to deliver effective smart city services further bolsters this segment. o The services segment, however, is poised to witness the highest CAGR, driven by the rising demand for installation, maintenance, and integration of advanced smart city technologies to address challenges in mobility, public safety, and sustainability. o 3.Technology Segment: The market is segmented into IoT, cloud computing, machine learning, artificial intelligence, machine-to-machine communications, and other technologies. o In 2024, cloud computing is expected to account for the largest market share, driven by the increasing need for scalable solutions to manage vast data generated by smart city applications. The demand for data storage, processing, and analysis in urban areas continues to rise, further fueling the growth of this segment. o Additionally, cloud computing is projected to register the highest CAGR during the forecast period. o Geographical Insights On a regional scale, the market is segmented into UAE, Saudi Arabia, Israel, Qatar, and the Rest of Middle East & Africa. The UAE is projected to hold the largest market share in 2024, driven by the widespread adoption of cutting-edge technologies like IoT, AI, and blockchain, and the government's proactive initiatives to promote smart city developments. The UAE's focus on reducing carbon emissions and improving the quality of life, alongside the increasing need for smart solutions in parking, waste management, and air quality monitoring, further cements its position as a market leader. The UAE is also expected to witness the highest CAGR during the forecast period. Key Industry Players The competitive landscape of the Middle East & Africa smart cities market features several prominent players, including: • Cisco Systems, Inc. (U.S.) • Huawei Investment & Holding Co., Ltd. (China) • IBM Corporation (U.S.) • Siemens AG (Germany) • Cognizant Technology Solutions Corporation (U.S.) • Capgemini (France) Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Middle East & Africa Smart Cities Market 2023-2030 • Schneider Electric SE (France) • Fujitsu Ltd. (Japan) • Robert Bosch GmbH (Germany) • Atos SE (France) • LTIMindtree Limited (India) • General Electric Company (U.S.) These companies are at the forefront of driving innovation and implementing cutting- edge solutions that are shaping the future of smart cities across the Middle East & Africa. Quick Buy @ https://www.meticulousresearch.com/Checkout/20014816?utm_source=articl e&utm_medium=social&utm_campaign=product&utm_content=30-08-2024 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com