Press release
Smart Cities Market: Potential and Niche Segments, Geographical Regions and Trends 2025
Smart Cities Market
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According to a recent report published by Allied Market Research, titled,"Smart cities Market by Functional Area and Region: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global smart cities market was valued at $517,629 million in 2017 and is projected to reach $2,402,123 million by 2025, registering a CAGR of 21.28% from 2018 to 2025. In 2017, smart infrastructure segment accounted for the highest revenue in the market.
China is expected to grow at the highest CAGR during the forecast period due to significant growth in adoption of smart cities solutions on account of large number of smart cities pilot projects in the country.
The smart infrastructure segment dominated the overall smart cities market share in 2017 due to its significant adoption of security and transportation solutions among its users. Moreover, smart energy is expected to attain the highest growth rate during the forecast period.
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Key Findings of the Smart cities Market:
By end user, the smart infrastructure segment dominated the global smart cities market during the forecast period.
In 2017, North America accounted for the highest revenue among the other regions.
By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
Key Market Players
AT&T, Inc.
Cisco Systems Inc.
Ericsson
General Electric
Hitachi Ltd.
Huawei Technologies Co., Ltd.
IBM Corporation
Intel Corporation
Microsoft Corporation
Schneider Electric SE
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