Mexico - Latin America Smart Cities Market Size & Outlook
Global Market
Related Markets
Mexico smart cities market highlights
- The Mexico smart cities market generated a revenue of USD 12.0 billion in 2025 and is expected to reach USD 97.5 billion by 2033.
- The Mexico market is expected to grow at a CAGR of 31.3% from 2026 to 2033.
- In terms of segment, smart governance was the largest revenue generating application in 2025.
- Smart Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Smart cities market data book summary
| Market revenue in 2025 | USD 12.0 billion |
| Market revenue in 2033 | USD 97.5 billion |
| Growth rate | 31.3% (CAGR from 2026 to 2033) |
| Largest segment | Smart governance |
| Fastest growing segment | Smart Transportation |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Smart Governance, Smart Building, Environmental Solution, Smart Utilities, Smart Transportation, Smart Healthcare, Smart Public Safety, Smart Security, Smart Education |
| Key market players worldwide | ABB Ltd, Schneider Electric SE, Cisco Systems Inc, Telefonaktiebolaget L M Ericsson ADR, Honeywell International Inc, International Business Machines Corp, Itron Inc, Kapsch Group, Huawei Technologies, Microsoft Corp, Oracle Corp, Ams-OSRAM AG, SAP SE, Siemens AG, Telensa, Verizon Communications Inc, Vodafone Group PLC |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global smart cities market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Latin America, Brazil smart cities market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 97.5 billion by 2033.
Mexico has launched the Mexico City Smart Metropolitan Mobility initiative to improve public transport and mobility by integrating bus positioning into intelligent transport systems. It would be a GNSS-based system that would improve travel security and lower crime rates.
Further, the introduction of various smart city initiatives such as smart transportation, smart public infrastructures, and smart residential projects are been rapidly adopted by state and local bodies across the country.
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Publish Date: Jun 10, 2026
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Smart Cities Market Scope
Smart Cities Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| SAP SE | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Ams-OSRAM AG | View profile | 22,461 | Tobelbader Strasse 30, Premstaetten, Austria, 8141 | www.ams-osram.com |
Mexico - Latin America Smart Cities Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Cities Market Outlook will help companies and investors design strategic landscapes.
Smart Governance was the largest segment with a revenue share of 34.17% in 2025.
Horizon Databook has segmented the Mexico - Latin America smart cities market based on smart governance, smart building, environmental solution, smart utilities, smart transportation, smart healthcare, smart public safety, smart security, smart education covering the revenue growth of each sub-segment from 2021 to 2033.
Mexico has launched the Mexico City Smart Metropolitan Mobility initiative to improve public transport and mobility by integrating bus positioning into intelligent transport systems. It would be a GNSS-based system that would improve travel security and lower crime rates.
Further, the introduction of various smart city initiatives such as smart transportation, smart public infrastructures, and smart residential projects are been rapidly adopted by state and local bodies across the country.
- Mexico - Latin America Smart Cities Market Application Outlook (Revenue, USD Billion , 2021-2033)
- Smart Governance
- Smart Building
- Environmental Solution
- Smart Utilities
- Smart Transportation
- Smart Healthcare
- Smart Public Safety
- Smart Security
- Smart Education
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Smart Cities Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Smart Cities Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Smart Cities Market, 2021-2033 (US$B)
Mexico smart cities market statistics, by application, 2021-2033 (USD Billion)
