Smart City Market Size will increase to 215600 Million US$ by 2022, at a CAGR Of 24.33% | Global Top Key Players - ABB, Alphabet, Cisco Systems IBM, Microsoft, Oracle

“Smart City Market” report includes - Industry Future Trends, Growth Opportunity, Experts reviews and forecast period (2018-2022). A wide range of Applications, Utilization Ratio, Supply and Demand analysis are also consist in the Report. At the end report introduced new project SWOT analysis, investment feasibility analysis.

Global Smart City Market overview:

With the slowdown in world economic growth, the Smart City industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Smart City market size to maintain the average annual growth rate of 24.33% from 26900 million $ in 2014 to 51700 million $ in 2017 Market analysts believe that in the next few years, Smart City market size will be further expanded, we expect that by 2022, The market size of the Smart City will reach 215600 million $.

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The Smart Cities Market is expected to grow, owing to the increasing demand for Public Safety, rising urban population, and growing government initiatives. The smart transportation segment is estimated to account for the largest market size in 2018 and expected to grow at an impressive Compound Annual Growth Rate during the forecast period. Smart transportation solutions provide an essential boost to the existing and new transport infrastructural projects, taking into consideration several factors, such as the increasing urban demographics and growing environmental concerns.

The Global Smart Cities Market is segmented on the basis of Product Type, Industry and Regions. Factors such as the increasing need for safety and security solutions, owing to the increase in natural calamities and terrorist attacks, implementation of regulatory policies for public safety, and necessity of emergency preparedness are expected to drive the growth of the emergency management segment. The demand for public safety requires sophisticated computerized systems, which can deliver the right information needed for an effective and safe response from law enforcement officers, fire fighters, and emergency medical support providers.

Regionally, North America held the highest share in the smart cities market in 2018, owing to the growing adoption rate of smart technologies in the region. However, this domination is expected to be surpassed by Asia-Pacific, due to the increasing government initiatives. In Asia-Pacific, China is expected to lead in the region, as the country is intensifying efforts to transform its 500 cities into smart cities. It has started the smart city pilot projects in almost its 290 cities.

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Major Key Players:

1 ABB

2 Alphabet

3 Cisco Systems

4 IBM

5 Microsoft

6 Oracle

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Smart City Market Report 2018

1 Smart City Definition

2 Global Smart City Market Major Player Share and Market Overview

3 Major Player Smart City Business Introduction

4 Global Smart City Market Segmentation (Region Level)

5 Global Smart City Market Segmentation (Product Type Level)

6 Global Smart City Market Segmentation (Industry Level)

7 Global Smart City Market Segmentation (Channel Level)

8 Smart City Market Forecast 2018-2022

9 Smart City Segmentation Type

10 Smart City Segmentation Industry

11 Smart City Cost Analysis

12 Conclusion

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