Press release
Industry Growth: Global Smart Cities Market is Growing with a CAGR of 25.3% during 2019-2025
A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.
Among regions, APAC is projected to have the largest market share by 2023 and is expected to lead the smart cities market, in terms of growth, from 2018 to 2023.
In 2018, the global Smart Cities market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of 25.3% during 2019-2025.
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The report also provides a clear picture of the Smart Cities market’s competitive ecosystem. It does in that capacity by using analytic tools, for instance, Porter's Five Forces Analysis and SWOT Analysis. It elucidates on how simple or complicate it is for a new player to enter the market at this point. It provides data on a comparative note with the aim to enable vendors to strategize their frameworks carefully. The report moreover gives the regard tie examination to the market for Smart Cities.
Also, the report on the global Smart Cities market looks at the impact of the latest mergers and securing and joint ventures on the engaged scene. It also offers basic recommendation for new companies that can engage associations to streamline their assignments and pay structure. To set up the report, agents have extensively dealt with a record upon basic and discretionary research.
This report focuses on the global Smart Cities status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Cities development in United States, Europe and China.
The key players covered in this study
IBM
Cisco
Microsoft
Oracle
Schneider Electric
Siemens
Ericsson
Hitachi
Huawei
Toshiba
GE
Honeywell
HP
Market segment by Type, the product can be split into
Solution
Services
Market segment by Application, split into
Smart security
Smart infrastructure
Smart energy
Smart governance and smart education
Smart building
Smart healthcare
Smart mobility
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Smart Cities status, future forecast, growth opportunity, key market and key players.
To present the Smart Cities development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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