Key Players profile in this report : Current, GE, ABB, Siemens, Tridium, Honeywell, Danaher, Daintree Networks, Intel, JP Morgan Chase, SST Inc., Infosys, TCS, CAP Gemini
Pune, India -- (SBWIRE) -- 03/16/2018 -- This report studies the global Intelligent City market, analyzes and researches the Intelligent City development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: Current, GE, ABB, Siemens, Tridium, Honeywell, Danaher, Daintree Networks, Intel, JP Morgan Chase, SST Inc., Infosys, TCS, CAP Gemini
Market segment by Regions/Countries, this report covers: United States, EU, Japan, China, India and Southeast Asia
Successful implementations of Smart City projects also rely heavily on technologies such as data communications, cloud, mobility and sensors that make up the IoT ecosystem. These technologies lay the foundation for the Smart City project. In recent years, advances in this area have improved the connectivity of objects for better ecological system development.
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The global smart city market is expected to grow at a compound annual growth rate (CAGR) of +22%. The base year for the survey is 2016 and the market size is forecasted between 2017 and 2022. The smart city market is divided into four main areas: transportation, utilities, buildings and smart citizen services. Rapid connectivity, rapid communication, population growth and super-urbanization are key driving forces in the smart city market. In many cities around the world, rapid smart solutions to meet better standards of life, economic stability, optimal energy utilization and advanced environmental protection, based on technologies including IoT, in a variety of areas such as transportation, public facilities, , Sensors, mobile and cloud
Intelligent Transportation Systems (ITS) are often mentioned in relation to the use of information and communication technologies in road transport for interfacing with infrastructure and traffic management as well as other modes of transport. Despite the emerging concept of cars connected with the rapid technological advances of the automotive sector and mobile devices, there has not been a major change in existing asphalt roads.
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Smart distribution management systems in the public sector are managed by efficient demand management (DRM). DRM enables utility utilities to manage and implement demand response (DR) programs through a single, integrated system that can connect to commercial, industrial, and residential sites.
The APAC region is expected to provide growth opportunities for suppliers over the next few years. The development of large-scale workforce and technology hubs has expanded the region's competitive environment. APAC deploys the most cloud-based services. The region is investing in IT and telecommunications. These developments improve the growth potential of the smart city market in the region due to the increase in demand due to the large population growth.