Indonesia Smart Cities Market Segmentation by Functional Area {Smart Transportation (Smart Ticketing, Traffic Management System, Freight Information System, and Others), Smart Citizen Services (Smart Education, Smart Public Safety, Smart Healthcare, Smart Street Lighting, and Others), Smart Building (Building Energy Optimization, Emergency Management, Parking Management System, and Others), Smart Utilities (Distribution Management System, Substation Automation, Advanced Metering Infrastructure, and Others), Others}-Demand Analysis & Opportunity Outlook 2020-2030

Indonesia Smart Cities Market Highlights Over 2020 - 2030

The Indonesia smart cities market is estimated to garner a revenue of USD 120.43 Billion by the end of 2030 by growing at a CAGR of 23.91% over the forecast period, i.e., 2021 – 2030. Moreover, the market in the nation generated a revenue of USD 15.83 Billion in the year 2020. The growth of the market can be attributed to the growing urban population in Indonesia and therefore the rising need of the government of the nation to adopt smart city initiatives so as to mitigate the various linked issues associated with the rising urbanization in the nation. According to the statistics by the World Bank, the urban population as a share of the total population in Indonesia increased from 42.002% in the year 2000 to 56.641% in the year 2020. Urbanization in Indonesia has resulted in economic growth with more human capital and increased consumption for different goods and services. Despite of all these, there are numerous socio-economic issues which can be addressed with the adoption of smart city initiatives. In the year 2017, the government of the nation has kicked off an ambitious digitalization program, known as the “100 Smart Cities Movement”, which was aimed to improve the quality of life of the indigenous people of the nation and further work on the six pillars that define smart cities, namely, governance, people, economy, mobility, living and environment.

CLICK TO DOWNLOAD SAMPLE REPORT

Several cities in Indonesia, such as Jakarta and Bandung among others are known to have the highest population density in the country, which is also driving the need amongst the government of the nation to adopt smart city initiatives. In Indonesia, as a whole, the population density (people per sq. km of land area), according to the statistics by the World Bank, grew from 116.757 numbers in the year 2000 to 145.684 numbers in the year 2020. The growth of the Indonesia smart cities market can also be attributed to the growing number of individuals using the internet, which according to the World Bank, grew from 22.063% (% of population) in the year 2015 to 53.726% in the year 2020. Besides this, the growing advancements in information technology, rise in the adoption of internet of things (IoT), and the increasing focus on adopting sustainable solutions and environment sustainability are some of the major factors expected to create opportunities for market growth in the coming years.

Growth Drivers and Challenges Impacting the Growth of the Indonesia Smart Cities Market

Growth Drivers

• Growing Government Initiatives for Smart Cities

• Advancement in Technologies Related to Smart Cities

Challenges

• Growing Concern for Security

• High Cost of Implementation

Indonesia Smart Cities Market Segmentation Synopsis

The Indonesia smart cities market is segmented by functional area into smart transportation, smart citizen services, smart building, smart utilities, and others. Out of these, the smart citizen services segment is anticipated to garner the largest revenue of USD 52.75 Billion by the end of 2030, up from a revenue of USD 5.44 Billion in the year 2020. The smart citizen services segment is further divided into smart education, smart public safety, smart healthcare, smart street lighting, and others. Amongst these, the smart healthcare segment is expected to generate the largest revenue of USD 18.78 Billion by the end of 2030, up from a revenue of USD 1.33 Billion in the year 2020 and also grow with the highest CAGR of 31.63% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Indonesia smart cities market that are included in our report are IBM Corporation, ABB Ltd., Cisco Systems Inc., Siemens AG, Microsoft Corporation, Huawei Technologies Co., Ltd., Itron Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation, Honeywell International Inc., and others.

Latest Developments in the Indonesia Smart Cities Market:

• 8^th December, 2021: Huawei Technologies Co., Ltd., announced that Luhut Binsar Pandjaitan, the coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia, has discussed with the Rotating Chairman of Huawei, Guo Ping, to tighten ties between Indonesia and Huawei on digital transformation of the nation. The discussion also included on developing a number of initiatives to develop digitalization, 5G, AI, and new energy.

• 12^th September, 2019: Microsoft Corporation has announced that it has signed a strategic memorandum of understanding (MoU) with Sinar Mas Land to enable an ecosystem of digital initiatives to transform the Bumi Serpong Damai (BSD) city of Indonesia into the first integrated smart digital city.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

.