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Global Smart Cities Market is Valued at $ 529.55 Billion in 2017 and will reach 1944.67 Billion by the end of 2023, CAGR of 24.21%

08-30-2018 05:33 AM CET | IT, New Media & Software

Press release from: Market Prognosis

Smart Cities Market

Smart Cities Market

Marketprognosis.com Publish a New Market Research Report On “Global Smart Cities Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Smart Cities Market:

The Global Smart Cities Market was valued at USD 529.55 Billion in 2017 and is forecasted to reach USD 1944.67 Billion by the end of 2023, with a CAGR of 24.21%, during the forecast period (2018 - 2023).

The scope of this report is limited to the type of building, such as residential, commercial, and data center, smart utilities, such as smart energy, smart grid, and smart meter among others, solution, such as smart facility management, smart public safety, smart healthcare, smart education, and smart water. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Get a Sample Copy of this Report @ https://www.marketprognosis.com/sample-request/16223 .

The expanding population living in urban areas (58% by 2025), and the overall growth of urban population (81% of total population that are living in cities), are the major drivers for the adoption of intelligent and smart solutions. The main reason behind the growth of smart cities is the need for effective solution for managing the cities. Governments of various countries are expected to collaborate and partner with each other, in order to transform into a collaborative and integrated service delivery model, from the traditional silo based model. The expansion of cities and urbanization, widespread adoption of green technology, increasing telecom penetration, and rising adoption of Artificial Intelligence (AI) and Internet of Things, are the factors driving the demand for smart cities.

Smart Cities and Internet of Things (IoT) are on their way to transform modern life. Smart Cities make effective use of IoT. IoT instills the required intelligence into basic building blocks of the city, and helps make it smart. In 2017, Smart Cities occupied major share in IoT. Smart Cities is expected to utilize IoT to monitor energy usage, traffic flows, and water levels etc. The effective use of IoT in Smart Cities is totally reliant on the infrastructure development, and smart supply chain.

Purchase this report online with 103 Pages, Top Key Players Analysis and List of Tables & Figure @ https://www.marketprognosis.com/buyReport/16223 .

Smart Home is commonly used to define a residence that has smart devices/products, such as air conditioners, televisions, computers, entertainment systems, security systems, and many more, and all the devices are able to communicate with each other, and can be controlled remotely. Devices/Products used in smart homes can be termed as standalone components, which can be connected to the internet, as part of a larger eco-system, to offer monitoring or control functions from a remote location. The smart home appliances can be controlled using a smart phone, and they provide ease of access. Technology giants, such as Apple, Google and Samsung, are entering the smart homes market with more innovative products, such as HomeKit and Brillo, and are attracting large number of consumers.

Major Key Players:

1 ABB Ltd.

2 CISCO Systems Inc.

3 Emerson Electric Company

4 IBM (International Business Machines) Corporation

5 Alcatel-Lucent S.A

6 Ericsson

7 Delta Controls

8 General Electric (GE)

9 Hitachi Ltd.

10 Novartis International AG and More……………

Any Query? Ask to our Expert @ https://www.marketprognosis.com/enquiry/16223 .

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smart Cities Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Market Insights

4 Market Dynamics

5 Global Smart Cities Market Segmentation

6 Competitive Intelligence - Company Profiles

7 Investment Analysis

8 Future Outlook of Smart Cities Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501
India.

sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com

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