Smart Cities IT Services 2017 Global Market Expected to Grow at CAGR 18.56% and Forecast to 2021

The analysts forecast the global smart cities IT services market to grow at a CAGR of 18.56% over the period 2014-2019.


New York, NY -- (SBWIRE) -- 12/01/2017 -- Global Smart Cities IT Services Market


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The rapid growth in urban population is placing a great demand on cities' infrastructure that deliver basic amenities such as transportation, healthcare, resident's safety, and education. To provide sustainable development, the urban authorities are transforming their way of functioning. The advances in digital technology and M2M technology led to the development of smart grid, smart water management systems, smart transport systems, and smart building systems. All of these verticals form a smart city, which is a framework to support the vision of various governments, IT players, network providers, product providers, and managed service providers.

Smart city project transforms the existing infrastructure of a city into a smart infrastructure. It happens in stages where the first stage includes the development of network infrastructure. This stage is followed by content and communication, where broadband Internet access and video on demand are established over a single network to enable smart homes, smart hotels, and smart businesses. The third stage includes building of intelligent infrastructures (environment management systems, mobility, smart building, smart grid, and smart transport systems). In the final stage, e-services and applications are introduced for information sharing in different verticals such as healthcare, remote medical care, education, and transport.

The development of smart cities cannot happen without the collaborative efforts of policy makers, IT players, and network service providers. IT players play an important role in acting as a system integrator of different applications in the smart city. The deployment of cloud-based solutions is gaining traction among city planners because of its scalability and OPEX model. This has provided business opportunities to IT players as there will be huge demand for integrating applications running on the cloud with on premise applications.

The analysts forecast the global smart cities IT services market to grow at a CAGR of 18.56% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the global smart cities IT services market for 2015-2019. To calculate the market size, the report considers revenue generated from IT services such as consulting and system integration among others. In this report, the market is geographically segmented into the Americas, EMEA, and APAC.


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The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the global smart cities IT services market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market

Key regions
- Americas

Key vendors
- Accenture
- Cisco
- Ericsson
- Oracle

Other prominent vendors
- Alstom
- Arup
- Hitachi
- HP
- Huawei
- Infosys
- Lockheed Martin
- Microsoft
- NTT Data
- Siemens
- Wipro

Market driver
- Rapid growth in urbanization
- For a full, detailed list, view our report

Market challenge
- Issues pertaining to cyber security
- For a full, detailed list, view our report

Market trend
- Rise of data analytics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 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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Table of Contents -Major Key Points

PART 01: Executive summary

PART 02: Scope of the report
Market overview
Top vendor offerings

PART 03: Market research methodology
Research methodology
Economic indicators

PART 04: Introduction
Key market highlights

PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

PART 06: Geographical segmentation
APAC PART 07: Market drivers
Market growth drivers

PART 08: Impact of drivers 

PART 09: Market challenges
Market challenges

PART 10: Impact of drivers and challenges 

PART 11: Market trends
Market trends

PART 12: Vendor landscape
Vendor analysis
Other prominent vendors

PART 13: Key vendor analysis
Cisco Systems

PART 14: Appendix
List of abbreviations