Smart Cities Market to 2025: Recent Industry Activity Focus on Key Players - ABB, Accenture, Cisco, Ericsson, GE, IBM, Oracle, Microsoft, Schneider Electric and Siemens

The global Smart Cities Market accounted for US$ 773.19 BN in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 - 2025, to account for US$ 3651.49 BN in 2025.

Worldwide Smart Cities Market Analysis to 2025 is a specialized and in-depth study of the Smart Cities industry with a focus on the global market trend. The report aims to provide an overview of global Smart Cities Market with detailed market segmentation by product/application and geography. The global Smart Cities Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Smart Cities players and offers key trends and opportunities in the Market.

Key Benefits-
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Smart Cities Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

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The report focuses on an in-depth segmentation of Smart Cities Market based by industry verticals. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By industry vertical smart infrastructure sector accounted for the largest share of the Smart city market in 2015; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.

The List of Companies
1. ABB Ltd.
2. Accenture
3. Cisco
4. Ericsson
5. Schneider Electric
6. GE
7. Microsoft
8. IBM Corporation
9. Oracle
10. Siemens

The smart infrastructure technology has significantly changed over time, and various disciplines such as building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems, are now being widely adopted. Furthermore, Green building initiatives have taken up a center stage across many countries, especially across the Europe, North America, and APAC region. Focus on reduction in energy consumption and concerns over proliferation of environmental wastes are the major driving factors for development of Smart city. Transportation is another major growing focus area during the forecast period.

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The report aims to provide an overview of global Smart Cities Market with detailed market segmentation. Also, it analyzes the current Smart city market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The Smart Cities Market report also provide PEST analysis for all regions, and SWOT analysis for all company profiled in the report.

North America is one of the prominent regions in Smart Cities Market which will contribute highest revenue globally due to technological developments and considerable implementation of Smart city concept in different industry vertical segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in IT sector will pave the path for increasing adoption and propel the Smart Cities Market.

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This release was published on openPR.