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Smart Cities Market: Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025
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The market is segmented based on component, area of application, and geography. Based on component, the market is divided into smart security, small infrastructure, smart energy, smart building, smart mobility, smart healthcare, smart governance & education, and others. The areas of application are further sub-categorized into transportation, utilities, buildings, and smart citizen services. Transportation includes smart transportation, parking management, passenger management, fleet management, and services. The utilities segment is further divided into smart metering and meter data management, smart distribution management system, and meter data analytics and services. Smart citizen services include smart education, smart healthcare, threat management, and others. Smart building is further subdivided into access control, parking reservation, facility management, and energy optimization and services. Geographically, the global market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Market Dynamics:
Drivers:
Increase in use of wireless internet, growing cloud service awareness, declining prices of monitoring and control devices
Effective management of power supply, automated control systems, reduced greenhouse emissions, and increased security
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Restraints:
Ageing infrastructure in developed countries and gaps in data management
Market Players:
The top players in the global smart cities market include Intel Corporation, Siemens AG, Cisco Systems, Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Schneider Electric, Hitachi, Ltd., Ericsson Inc., Accenture, Honeywell International, Inc.
MARKET LANDSCAPE
By Component
o Smart security
o Smart infrastructure
o Smart energy
o Smart building
o Smart mobility
o Smart healthcare
o Smart governance & education
o Others
By Application Area
o Transportation
o Smart transportation
o Smart parking management
o Passenger management
o Fleet management
o Services
o Utilities
o Smart metering & meter data management
o Smart distribution management
o Meter data analytics
o Services
o Buildings
o Access control
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