Albany, NY -- (SBWIRE) -- 07/17/2017 -- The rapid growth in urban population is increasing the demand for basic amenities that include transportation, healthcare, residents' safety, and education. The traditional operations in cities were ineffective and allowed only one-way distribution system for energy and water. However, with the advances in digital technology, the two-way communication became possible, and machine-to-machine (M2M) technology evolved further to provide smart grid, smart water management systems, smart transport system, and smart building system. All of these verticals form the smart city; and the development of smart cities is needed.
The smart city concept is a framework to support the vision of various governments, IT players, network providers, product providers, and managed service providers.
The global smart city ICT infrastructure market to grow at a CAGR of 17.12% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global smart city ICT infrastructure market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the ICT infrastructure deployed on the following:
- Smart grid
- Smart home and building
- Smart water network
- Smart healthcare
- Smart education
- Smart security
- Smart transport
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Technavio's report, Global Smart City ICT Infrastructure Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- China Mobile
- NTT Communications
- Verizon Communications
Other prominent vendors
- Deutsche Telekom
- Schneider Electric
- Rapid urbanization
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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