Smart Cities Market Growth, Trends, Absolute Opportunity 2024
Deerfield Beach, FL -- (SBWIRE) -- 03/02/2017 -- Smart Cities Market: Overview
The ability to integrate multiple technological solutions in a proper manner to manage the city's and the sources available in it which includes, local departments information systems, schools, libraries, transportation systems, hospitals, power plants, law enforcement, and other community services is called as smart city. Information and communication technologies (ICT) are used to develop quality, performance and mutual activities of urban services, to reduce costs and resource consumption and to improve contact between citizens and government.
Studying the community, developing a smart city policy, and engaging the community by encouragement of e-gov initiatives are the three major factors associated with smart city development. Rising migration from rural to urban areas is expected to increase growth of this industry. Additionally, increasing popularity towards the green infrastructure and rising energy awareness helps to drive the smart cities market.
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The report covers forecast and analysis for the smart cities market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Billion). The report also offers detailed competitive landscape of the global smart cities market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the smart cities market based on application segment and region. Smart homes, smart buildings, smart energy management, smart industrial management, smart healthcare, smart transportation, smart security, others (smart education, smart water, management etc.) are application segment of smart cities market. The smart transportation segment was the leading application in 2012.
Smart Cities Market: Regional Analysis
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Smart cities market was dominated by North America due to steps taken by the regional governments for reducing the greenhouse gas emission by increasing the use of renewable energy resources. Additionally, due to high residential development demand in China and India, Asia Pacific is expected to exhibit the rapid growth of this market.
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Smart Cities Market: Key Players
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Siemens AG, ABB Ltd., IBM Corporation, Hitachi Ltd., Alcatel-Lucent S.A., Honeywell international Inc., Alstom S.A., General Electric Company, Telefonaktiebolaget L. M. Ericsson, Cisco Systems Inc., Oracle Corporation and others.
The report segments the global smart cities market into:
Global Smart Cities Market: Application Segment Analysis
Smart energy management
Smart industrial management
Others (Smart education, smart water, management etc.
Global Smart Cities Market: Regional Segment Analysis
Middle East and Africa
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