The global smart cities market is expected to grow from $654.57 billion in 2014 to $1,266.58 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 14.1% from 2014 to 2019. The rapid growth in migrations of the global population towards the urban areas has strained the planned development of various metropolises throughout the globe. This has resulted into difficulties in the governance of the non-regulated expansion of urban areas. The growing ecological crisis has led to strict environmental compliances and regulations. These challenges could be addressed through the solution of “Smart Cities” with sustainable infrastructure for a smarter life. The smart cities market provides advanced solutions for smart homes, innovative industry, and smart transportation, and smart resource management, smart utility and smart security. Key companies profiled in smart cities market report are Abb, Accenture PLC, Alcatel-Lucent, Cisco Systems Inc, Cubic, Honeywell, Ibm, Intel, Oracle, and Siemens.