Smart Cities Market 2017-2025: Global Advance Technology, Industrial Growth, Key Manufacturers Analysis and Development Forecasts
The Insight Partners has announced the addition of the “Smart City Market to 2025 – Global Analysis and Forecast by Industry Verticals” report to their offering. Rising technological developments will escalate the Smart Cities Market at a CAGR of 19.08% to 2025
July 25, 2017 /MarketersMedia/ —
The global Smart cities market accounted for US$ 773.19 Billion in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 – 2025, to account for US$ 3651.49 Billion in 2025. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The global smart cities market for the industry verticals is fragmented into smart healthcare, smart infrastructure, smart governance, smart transportation, smart energy, and smart education. The segmentation is based upon various aspects of smart cities. Smart infrastructure accounts largest market share of smart cities industry verticals market and is expected to continue its dominance throughout the forecast period. The concept of smart infrastructure is an approach that is contemporary in urban planning and design for sustainable infrastructure development because of its integrated ICT approach adopted for sustainable development. As the adoption and deployment of smart objectives wide spreads across the globe, the market for each individual industry vertical in smart cities market is also anticipated to grow.
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Technology integration helps cities to improve efficiency, enhance their economic potential, reduce costs, open the door to new business and services, and improve the living conditions of its citizens. A key condition for value creation through integration is the compatibility of technologies; which is best achieved through common and consensus-based standards that ensure interoperability.
Some of the major players influencing smart cities market are ABB, Accenture, Cisco, Ericsson, GE, IBM, Oracle, Microsoft, Schneider Electric and Siemens, among others.
The report segments the global smart cities market as follows:
Global Smart Cities Market – By Industry Verticals
Smart Infrastructure, Smart Energy, Smart Healthcare, Smart Governance, Smart Education and Smart Transportation
Global Smart Cities Market – By Geography
North America, U.S., Canada, Mexico, Europe, France, Germany, Italy, Spain, U.K., Rest of Europe, Asia Pacific (APAC), Japan, China, India, Australia, Rest of APAC, Middle East & Africa (MEA), Saudi Arabia, U.A.E., South Africa, Rest of MEA, South America (SAM), Brazil and Rest of SAM
List of Companies: ABB Ltd., Accenture, Cisco, Ericsson, Schneider Electric, GE, Microsoft, IBM Corporation, Oracle and Siemens.
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Reason to Buy
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart cities market
– Highlights key business priorities in order to assist companies to realign their business strategies
– The key findings and recommendations highlight crucial progressive industry trends in the smart cities market, thereby allowing players across the value chain to develop effective long term strategies
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
– Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
Complete Report is Available at http://www.theinsightpartners.com/reports/smart-city-market-research-report
About Us:
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Technology, Media, and Telecommunication.
Contact Info:
Name: Sameer Joshi
Email: sales@theinsightpartners.com
Organization: The Insight Partners
Address: India
Phone: +1-646-491-9876
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Source: MarketersMedia
Release ID: 221246
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