Press release
Is Competition Heating Up in the Smart Cities Market?
AMR
The technology solutions are becoming popular in the market due to rising concerns regarding the automated management of city-related activities and security. It gives the competitive edge to entities involved in city management and facilitates their routine work with improved efficiency and precision. The research assists stakeholders to identify most lucrative market segments so that appropriate business plans can be formulated.
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The market growth is expected to be driven by factors such as increasing migration to urban regions and rising energy-related awareness. The market faces limitations due to security-related concerns and inadequate engagement of stakeholders. However, the market has better growth potential due to increasing adoption of automotive IT, green infrastructure, etc.
Smart Cities Market by Application
From applications perspectives, the market is classified according to applications such as smart homes, energy management, industrial automation, healthcare, transportation, security and others. The market is mainly driven due to smart transportation applications. In future, smart transportation as well as energy management applications segments would continue their market growth.
Smart Cities Market by Geography
Geographically, the market is categorized as per regions such as North America, Europe, Asia-Pacific, and LAMEA. The market at present is lead by North American countries due to early adoption of smart cities technology solutions and is expected to drive the market even in future. Asia-Pacific region is expected to experience higher growth in future.
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Competitive Landscape
Companies are adopting product launch strategies to penetrate into the market. For example, Siemens AG has launched intelligent communication solutions for smart cities. Some of the companies present in the market are Siemens AG, Honeywell International, Inc., ABB LTD., Alcatel-Lucent, Accenture PLC, Cisco Systems, Hitachi Ltd., General Electric, Ericsson Inc. and Intel Corporation.
High-Level Analysis
The research presents a detailed analysis of the market using Porter’s five forces model. The degree of bargaining power of consumers is expected to increase due to enhancements in-service portfolio offerings. The threat of substitutes is low/moderate, due to absence of feasible alternative. Threat from intersegment rivalry is high due to entry of multiple strong brands in the market. The threat from bargaining power of suppliers is estimated to be low due to the presence of numerous branded players. The higher investment costs and presence of branded players would limit the entry of new entrants in the market.
KEY BENEFITS
• The widespread benefits due to smart city solutions are analyzed in the study so that key stakeholders can understand market potential.
• Porter’s five forces analysis elaborates on the degree of various threats and hence, appropriate strategies can be devised.
• Value chain analysis explains the role of all key intermediaries of the market and hence, appropriate forward and/or backward chain integration can be planned.
• Scientific estimations are calculated to project trends for the analysis period of 2014-2020.
• Additional focus is provided on trends and opportunities in various geographies so that companies can make differentiated targeting plans to gain a competitive edge
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SMART CITIES MARKET KEY DELIVERABLES
The smart cities market is classified according to applications and geographies.
MARKET BY APPLICATION
• Smart Homes
• Smart Buildings
• Energy Management
• Industrial Management
• Healthcare
• Transportation
• Security
MARKET BY GEOGRAPHY
• North America
• Europe
• Asia-Pacific
• LAMEA
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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