Press release
Global Smart Cities Market worth 717.2 Billion US$ till 2023 | Global Key Players- Cisco Systems, IBM, Siemens AG, Schneider Electric, Ericsson etc.
The Global Smart Cities Market size is expected to grow from US$ 308.0 Billion in 2018 to US$ 717.2 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. There is an upsurge in the adoption rate of advanced technologies across businesses. The development in 5G and NB-IoT technologies is expected to drive the growth of the smart cities market.
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Top Key Players in the “Smart Cities Market” include are
• Cisco Systems (US)
• IBM (US)
• Siemens AG (Germany)
• Schneider Electric (France)
• Ericsson (Sweden)
• Vodafone (UK)
• Itron Inc. (US)
• Verizon (US)
• Telensa (England)
• ABB (Switzerland)
• Honeywell International Inc. (US)
• SAP SE (Germany
• KAPSCH Group (Austria)
• AGT International (Switzerland)
Complete report on Smart Cities Market spread across 255 pages, profiling 26 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=159572 .
APAC is expected to hold the highest CAGR among all regions, owing to the increasing adoption rate of IoT and rising demand for intelligent and smart solutions, while North America is expected to be the major contributor to the smart cities market. The increasing citizen empowerment and engagement is the major growth factor expected to drive the growth of the smart cities market.
The Study Objectives of this report are:
• To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
• To define, describe, and forecast the global smart cities industry by focus area (smart transportation, smart buildings, smart utilities, and smart citizen services) and region.
• To analyse the market’s subsegments with respect to the individual growth trends, prospects, and contributions to the total market
• To analyse the opportunities in the market for stakeholders and provide the competitive landscape of the market
• To analyse the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market
• To forecast the revenue of the market’s segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
• To profile the key players and comprehensively analyze their recent developments and positioning in the smart cities industry
List of Tables
• United States Dollar Exchange Rate, 2015–2017
• Factors: Impact Analysis
• Smart Transportation Market Size, By Region, 2016–2023 (USD Billion)
• Smart Transportation Market Size, By Type, 2016–2023 (USD Billion)
• Smart Transportation Market Size, By Solution, 2016–2023 (USD Billion)
• Traffic Management Market Size, By Solution, 2016–2023 (USD Billion)
• Smart Transportation Market Size, By Service, 2016–2023 (USD Billion)
• Smart Building Market Size, By Region, 2016–2023 (USD Billion)
• Smart Buildings Market Size, By Type, 2016–2023 (USD Billion)
• Smart Buildings Market Size, By Solution, 2016–2023 (USD Billion)
• …..and more
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