Smart Cities Market is mainly driven due to smart transportation applications as well as energy management applications.

The smart city management includes various solutions for energy management, transport management, security, etc. The solutions are provided with the help of integrated benefits of IT and communication technologies.

The technology solutions are becoming popular in the market due to rising concerns regarding automated management of city related activities and security. It gives 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.

Get Sample Report: https://www.alliedmarketresearch.com/request-toc-and-sample/383?utm_source=openpr

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.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/383?utm_source=openpr

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 detailed analysis of the market using Porter’s five forces model. Degree of bargaining power of consumers is expected to increase due to enhancements in service portfolio offerings. 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. Threat from bargaining power of suppliers is estimated to be low due to 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 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 competitive edge
• 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
- Others

MARKET BY GEOGRAPHY
- North America
- Europe
- Asia-Pacific
- LAMEA

Purchase an enterprise user license and get 1 month complimentary access to our Knowledge Tree subscription. (*Terms and Conditions apply)

Get subscription: https://www.alliedmarketresearch.com/checkout/261597

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.

Contact Us:-

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.