Smart City ICT Infrastructure Market 2018 Competitive Scenario - Projected to Reach USD 1714.31 Billion By 2025

Global Smart City ICT Infrastructure Market Analysis

At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global Smart City ICT Infrastructure Market was valued at USD 471.52 billion in 2017 and is projected to reach USD 1714.31 billion by 2025, growing at a CAGR of 17.5% from 2018 to 2025.

What is Smart City ICT Infrastructure?

The emergence of Smart City is a revolution on its own wherein it integrates information and communication technology (ICT) and internet of things (IOT) to develop a solution to manage multiple assets at once. The development of smart cities is pushing the manual activities such as traffic management and administration of schools, hospitals, etc. towards an era of digitization and automation. This requires an ample amount of digital infrastructure which can fulfil the demands of a smart city.

Smart grid system is a component of smart city which possesses automatic allocation of high voltage power supply to low voltage and prevent appliances from getting damaged. Along with smart infrastructure, development of applications based on big data analytics is also required to facilitate the needs of a smart city and improve the quality and enhance the efficiency.

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Global Smart City ICT Infrastructure Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The active funding from the government to develop a smart city and growing digitization and automation are the potential drivers of the global smart city ICT infrastructure market while increased threats regarding cybercrimes might hinder the market to grow at a global level.

Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Malt and Malt Extracts Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global Smart City ICT Infrastructure Market Competitive Landscape

The “Global Smart City ICT Infrastructure Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as IBM, Huawei, AT&T, Cisco Systems, Oracle, NTT Communications, Vodafone, China Mobile, ABB, Hitachi, Verizon Communications, Honeywell International, Siemens, Schneider Electric, Toshiba, HP, Deutsche Telekom, Accenture, Nokia, Ericsson and Microsoft. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

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Global Smart City ICT Infrastructure Market, by Type

On the basis of type, the Global Smart City ICT Infrastructure market is segmented into:

Smart Grid
Smart Logistics
Smart Transport
Smart Water Network
Smart Building
Smart Education7
Others

The smart grid segment dominated the global smart city ICT infrastructure market in 2017 and is projected to lead the market over the forecast period.

Global Smart City ICT Infrastructure Market Geographic Scope

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World

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The North American region dominated the market in the year 2017. This region is expected to account for the largest share in the forthcoming years as it is the highest revenue contributor of the market.

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