Projections of Global Smart Cities Market by 2019-2025: Key Players, Type, Region, Manufactures
A smart city is an urban area that uses different types of electronic data collection sensors to supply information which is used to manage assets and resources efficiently.
Dublin, United States – February 28, 2019 /MarketersMedia/ —
The global Smart Cities Market is witnessing high growth across globe during the forecast period. The market is witnessing growth due to the rising awareness about smart technology and the concept of the smart cities has also been gathering of all advanced technologies to enhance the living conditions of the residents. The smart cities can be defined as an arrangement of advanced technology and the environment. In these smart cities, IT technology is being used for developing the advanced infrastructure of a city that includes various services like smart building, smart transportation, smart energy, smart education, smart security, e-governance, and smart healthcare. Smart city initiatives primarily plan and categorize the services for enhancing the sustainability across city. It primarily helps in enhancing the infrastructure, social and human capital, and technologies for developing a sustainable economy.
The global smart cities market is categorized based on technology, solutions, applications, and services. The major players operating in the global smart cities market include IBM Corporation, AT&T Inc., Intel Corporation, Ericsson, Cisco Systems Inc., General Electric, Microsoft Corporation, Hitachi Ltd., Huawei Technologies Co., Ltd., and Schneider Electric SE. The competition in this market will further strengthen in the coming years with an increase in new product launches, and innovations in technology, and M&A. For instance, in September 2018, the Indonesian government, and Cisco Systems have signed an agreement for global Country Digital Acceleration (CDA) program. As per this agreement, this program will be focusing on the digital industries, digital governments, digital state-owned enterprises, and digital inclusions.
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Report provides Smart Cities Market Breakdown Data by its type like Communications, Hardware, Sensors, Software as well as by Applications such as Smart City Sectors, Energy Management, Water Management, Transportation Management, Assisted Living, E-Government, Waste Management. Then it gives Smart Cities Production Breakdown Data by Region United States, Europe, China, Japan, Other Regions.
Moreover, in the emerging countries like Dubai, India, China, Singapore, South Korea, and Japan governments are focusing on the developing the economies by various investments. For instance, the Indian government has made an investment of 107.95 crores for implementing the smart cities in various states. In addition, China has also made an investment for deploying 500 smart cities pilot projects by the government in the region. Dubai has also emerged with the Smart Dubai Plan 2021 for transforming their country into an e-government system to increase the adoption of smart services in the country that further fosters the growth of the smart cities market. The market is further witnessing growth due to the integration of artificial intelligence (AI) in smart city applications like video-surveillance, autonomous ride-share vehicles, traffic and parking management, and others. For instance, AI is already being used in CCTV cameras for facial recognition, which can be used to provide further assistance to the citizens. The report also analyses the importance of technology that fostering the digital transformation including edge processing, AI, advanced data analytics, and 5G deployment and usage.
Ask Your Queries to our Analyst regarding Smart Cities Report at https://www.inforgrowth.com/enquiry/r/1037204/global-smart-cities-market-size-status-and-forecast-2019-2025
The study objectives are:
To analyze and research the global Smart Cities capacity, production, value, consumption, status and forecast;
To focus on the key Smart Cities manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Major Points from Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst’s Viewpoints/Conclusions
15 Appendix
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