World Smart City Market 19.65% CAGR Growth to 2020

RnRMarketResearch.com adds Global Smart City Market 2016-2020 latest research report, this analyst forecast the global smart city market to grow at a CAGR of 19.65% during the period 2016-2020.

October 14, 2016 /MarketersMedia/ —

The global smart city market analyst says implementation of digital signage in M2M retail business will be a key trend for market growth. Retailers worldwide have started using M2M-based digital signage to provide users with essential information about their new product launches, the latest additions to product lines, and discounts. M2M-based digital signage is used to increase customer engagement by sending targeted advertisements based on customer information, including location, gender, and age. It is also used to display video messages at the point of sale. M2M-based digital signage delivers information on a real-time basis.

Complete report on smart city market spread across 118 pages, analysing 11 major companies and providing 42 data exhibits are now available at http://www.rnrmarketresearch.com/global-smart-city-market-2016-2020-market-report.html

According to the smart city market report, increased installation of smart meters will be a key driver for market growth. Smart meters offer a wide range of interactive and intelligent solutions. They allow the consumers to effectively manage energy resources by providing the consumption details at every point in time. They send the relevant details of home energy use to the energy supplier such that the electricity bill can be sent without having to check the reading on the home meter physically.

The smart city market in the Americas is expected to witness a significant growth to account for estimated market revenue of over $523 billion by 2020. The market is driven primarily by the by the need for energy management solutions, availability of low-cost devices, and wireless DIY installations in the region. The availability of high-speed wireless networks and increased smartphone penetration in the region is the fundamental driving force behind the growth of the smart city market in EMEA. The market’s growth in APAC region is driven primarily by the increasing rate of urbanization, especially in countries such as India and China, and the subsequent need for economic and environmental development. Order a copy of Global Smart City Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=714453

The following companies are the key players in the global smart city market: ABB, Cisco, Ericsson, GE, Google, Huawei Technologies, IBM, Microsoft, Oracle, Schneider Electric, and Siemens. Other prominent vendors in the market are: Accenture, Aeris Communications, Alcatel-Lucent, Digi International, HCL, Hitachi, Honeywell International, HP, Jasper Technologies, KORE Wireless, LG, Mercedes-Benz, NEC, Novatel Wireless, NTT DATA, SAP, Sierra Wireless, Telefonica, Vodafone, and Wipro.

The smart infrastructure sector will be the largest segment in the smart city market and will post a CAGR of almost 23% by 2020. The rising adoption of smart water management systems, which are based on ICT (information and communications technology), will be one of the main drivers for the growth of this segment. The ICT technology coupled with automated control systems helps supply organizations to provide purified water in a cost-efficient manner.

Global Smart City Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue obtained from components such as smart security, smart infrastructure, smart energy, smart governance, smart education, smart building, smart healthcare, and smart mobility.

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