Smart Cities Market, 2016–2024
The growing infrastructure, technological advancements in the information and communication technology along with the increasing urbanization are the factors driving the global smart cities market growth.
The growing infrastructure, technological advancements in the information and communication technology along with the increasing urbanization are the factors driving the global smart cities market growth.
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Published By:Zion <strong>Market</strong> Research<br />
<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Global Industry Analysis, Size, Share, Growth,<br />
Trends, and Forecasts <strong>2016–2024</strong><br />
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<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research published new report on "<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Global Industry<br />
Analysis, Size, Share, Growth, Trends, and Forecasts <strong>2016–2024</strong>" in its database<br />
Global <strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Overview<br />
An urban region fully advanced in the infrastructure, communication, sustainable real estate and<br />
market viability sector is known as a 'smart city'. The main infrastructure is the information<br />
technology, which provides services to the residents. The economic development and activity<br />
are maintainable and incremental depending on the supply and demand. The focus of the smart<br />
city is improving the standard of living, economic growth, service efficiency and meet residential<br />
needs using urban technology and informatics. The sectors such as transportation and traffic<br />
management, government services, healthcare, energy, water, waste management, and<br />
advanced urban agriculture are expected to adopt the smart city technology. The smart city<br />
programs and technologies have been implemented in Southampton, Madrid, Stockholm,<br />
Amsterdam, Milton Keynes, and Barcelona so far.<br />
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<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong><br />
Global <strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Growth Factors<br />
The growing infrastructure, technological advancements in the information and communication<br />
technology along with the increasing urbanization are the factors driving the global smart cities<br />
market growth. The smart city solutions in various sectors such as construction, transportation,<br />
citizen services, and utilities in order to improve the living standard, efficiency, environmental<br />
protection, energy optimization and economic stability may boost the global market in future.<br />
The other factors driving the smart cities market are the use of technology in the IoT, mobility<br />
and sensor field, increasing energy consumption, government initiatives, cost-effective building<br />
infrastructure, limitations in capacity expansion, and rising renewable energy share.<br />
Global <strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Segmentation<br />
The global smart cities market is bifurcated on the basis of focus area, services, and geography.<br />
The focus area segment is further categorized into transportation, buildings, utilities, and smart<br />
citizen services. The transportation sub-segment is grouped into rails and roads. The buildings<br />
sub-segment is further bifurcated into commercial and residential. The utility sub-segment of<br />
the global smart cities market is further divided into water, gas, and energy. The smart citizen<br />
services sub-segment is categorized into healthcare, education, and security. The services<br />
segment includes management and planning, consulting, infrastructure monitoring and<br />
integration. The geographical segmentation of the global smart cities market includes Asia<br />
Pacific, Europe, the Middle East and Africa, Latin America, and North America.<br />
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<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong><br />
Global <strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Regional Analysis<br />
The highest growth is seen in Asia-Pacific region followed by Europe. The global smart cities<br />
market is expected to grow in the Middle East and African, and Latin American regions. These<br />
regions have high scope for development as smart cities. The high return on investments in the<br />
smart cities boosts the global market.<br />
Global <strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Competitive Players<br />
The major players in the global smart cities market include Microsoft, Cisco, IBM, Oracle,<br />
Toshiba, Huawei Technologies, Hitachi, Siemens, Ericsson, Alstom SA, SAP SE, Alcatel-Lucent<br />
SA, and Schneider Electric. The other players in the global market include ABB Ltd., General<br />
Electric, Silver Spring Networks, Inc., AGT International, Itron, Inc., Honeywell International,<br />
Inc., Kapsch Group Beteiligungs GmbH, and Maven Systems Pvt. Ltd. Some of the prominent<br />
market players are GE, Google, Accenture, Nokia, HCL, Jasper technologies, Aeris<br />
Communications, KORE Wireless, Novatel Wireless, Mercedes-Benz, Telefonica, Wipro,<br />
Vodafone, NEC, NTT DATA, Sierra Wireless, Digi International, HP, and LG.
<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong><br />
Global <strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong>: Regional Segment Analysis<br />
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North America<br />
o U.S.<br />
Europe<br />
o Germany<br />
o France<br />
o UK<br />
Asia Pacific<br />
o China<br />
o Japan<br />
o India<br />
Latin America<br />
o Brazil<br />
Middle East & Africa<br />
What Report Provides<br />
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Full in-depth analysis of the parent market<br />
Important changes in market dynamics<br />
Segmentation details of the market<br />
Former, on-going, and projected market analysis in terms of volume and value<br />
Assessment of niche industry developments<br />
<strong>Market</strong> share analysis<br />
Key strategies of major players<br />
Emerging segments and regional markets<br />
Testimonials to companies in order to fortify their foothold in the market.
<strong>Smart</strong> <strong>Cities</strong> <strong>Market</strong><br />
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Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
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