Global Smart Cities Market by Component (Hardware, Software) by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security and Threat, Smart Education, Smart Building) Size and Forecast 2014-2024
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT escalates the future market growth.
request a free sample at https://www.planetmarketreports.com/report-sample/global-smart-cities-market-2014-2024
Among smart buildings solutions, the emergency management segment is expected to account for the highest market share and projected to grow at the higher CAGR during the forecast period
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, firefighters, and emergency medical support providers.
With the rise of innovation and digitalization of industry applications, particularly in the residential sector, countries across the globe are actively looking for solutions to balance economic, technological and social development. With increase in population, data is also becoming more readily available nowadays. Communities are turning to innovative information communication technologies ICT to re-imagine the way in which people of the residents live, work or play. IoT is playing a significant role in driving safer and smarter cities from changing the vision into reality.
The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global smart cities market.
Global Smart Cities Market: Key Stakeholders
• Educated Citizens
• Business Owners
• Public Interest Group
• Municipal Authorities
• Professional Service Providers
• Utility / Service Providers
• Academic and Research Institutes
• Security Equipment Providers
• Software & Hardware Providers
• Telecommunication Providers
• Cloud Service Providers
• Real Estate Builders
• Safety Standard Providers
For full details – https://www.planetmarketreports.com/reports/global-smart-cities-market-2014-2024
Global Smart Cities Market: Research Summary
According to Planet Market Reports, the key findings of the report “Global Smart Cities Market Size, Share, Development, Growth and Demand Forecast to 2024” are:
• As per the research, hardware components have been the largest revenue generators in the global smart cities market, as compared to others. Also, among various types of applications, smart governance was the largest revenue contributor in 2017. Moreover, among the smart utilities category, smart energy applications is expected to continue contributing the largest revenue, during the forecast period
• Europe has been the largest revenue contributor to this market. According to the research, the region is expected to lead this market over a longer period. Cities in Europe such as Italy and the U.K. have been deploying smart cities solutions from ages, which makes the region forerunner in this industry
• However, the markets in Asia-Pacific, particularly cities in the Asian region are expected to witness fastest growth during the forecast period. The upsurge in urbanization, along with purposed investment in smart cities coupled with changing consumer preferences, is expected to boost the growth rate of smart cities market in the region
Global Smart Cities Market: Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global smart cities market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Global Smart Cities Market: Competitive Dynamics
Many new players have entered into this market along with several small and medium players. The leading players are focusing especially on technological improvements through organic and inorganic growth strategies. Some of the major companies operating in this industry include IBM Corporation, The ADT Corporation, Cisco Systems Inc., Oracle Corporation, AT&T Inc., SAP SE, Intel Corporation, General Electric, Schneider Electric SE, and Xerox Corporation.
you can buy the report @ https://www.planetmarketreports.com/checkout/3881293
About Us :-
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision-making process. We have a huge database of market research reports & company profiles across the globe. We offer premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Planet Market Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, & industry experts which provide you deeper penetration of market research industry ensuring you will receive the most reliable and up to date research data available.
Name: Jennifer Daniel
US : +1-716-2260907
UK : +447441952057
Organization: Planet Market Reports
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Cities Market by Component (Hardware, Software) by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security and Threat, Smart Education, Smart Building) Size and Forecast 2014-2024 here
News-ID: 1617812 • Views: …
More Releases from Planet Market Reports
Snorkeling Equipment Global Market Research Reports 2019 | by Manufacturers, Cou …
International tourist arrivals and international tourism expenditure have been increasing at a steady pace, globally. Coupled with an increase in interest of people towards soft adventure sports, the rising popularity of Snorkeling & adventure sports and growing awareness regarding numerous fitness-benefits of opting snorkeling has primarily supported growth in this industry. Americas has been the biggest market in terms of expenditure incurred by consumers in snorkeling equipment’s followed by APAC,
Fluorescence Microscopy Market Worth 530 Million USD by 2023 Globally
Fluorescence microscopy is an optical microscope that uses fluorescence and phosphorescence instead of, or in addition to, reflection and absorption to study properties of organic or inorganic substances. Fluorescence microscopy has become an essential tool in biology as well as in materials science as it has attributes that are not readily available in other optical microscopy techniques Scope of the Report: This report focuses on the Fluorescence Microscopy in global market, especially in
Executive Desks Market | Global Market Size, Share, Supply, Demand, Segments and …
Planet Market Reports has added a report, titled, “Global Executive Desks Outlook, For Outdoor Power Market Forecast to 2023.” Executive Desks Market Research Growth: The worldwide market for Executive Desks is expected to grow at a CAGR of roughly X.X% over the next ten years, will reach XX.XX million US$ in 2023, from XX.XX million US$ in 2013, according to a new comprehensive Market Reports study conducted by Planet Market Reports More Information
School and Employee Bus Services Global Market Research Reports 2019 | Forecast …
The school and employee bus services market consists of sales of school and employee bus services by entities (organizations, sole traders and partnerships) that provide buses and other motor vehicles to transport pupils to and from school or employees to and from work. Major players in the global school and employee bus services market include First Student, Rick Bus Co, National Express Group PLC, and Student Transportation Inc. Request a free sample
More Releases for Cities
Smart Cities / Connected City Solutions Market Report 2018: Segmentation by Prod …
Global Smart Cities / Connected City Solutions market research report provides company profile for Vodafone(UK), Telefónica(ES), Sekisui House(JP), Kawasaki Heavy Industries(JP), Tokyo Gas(JP), NEC Corporation(JP), Huawei(CN), Atkins(UK) Cisco Systems(US), AT&T(US), Verizon Wireless(US) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR
Smart Cities Market: Rising Trend of Automation to Drive Global Smart Cities Mar …
With a large number of domestic, as well as international players, the global smart cities market is displaying a highly competitive business landscape, states a new study by Transparency Market Research (TMR). Oracle Corp., Intel Corp., Hitachi Ltd., International Business Machines (IBM) Corp., General Electric Co., Honeywell International Inc., Telefonaktiebolaget L. M. Ericsson, Dassault Systemes S.A., Cisco Systems Inc., Alcatel-Lucent SA., Alstom S.A., Siemens AG., Accenture Plc, and ABB Ltd.
Global Smart Infrastructure Market - Smart Cities In The Hands Of Cities and Com …
"The Latest Research Report Global Smart Infrastructure - A Smart Approach to Smart Cities in 2016 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example,
Globalisation of very high capacity networks The aim of this study is to obtain a detailed snapshot of superfast connectivity with a download rate superior or equal to 100 Mbps in big cities around the world and to draw out the top 10 selection. This comparison between cities is based on qualitative criteria such as quality of service, affordability compared to local standard of living and on quantitative criteria such as coverage
Smart Cities & IoT
Trends and outlook for urban IoT This report explores the topic of the smart city from the perspective of the development of the Internet of Things in four vertical markets: mobility, the environment, public safety and managing flows (power, water, gas). It delivers a detailed snapshot of the technologies that could underpin the Internet of Things' deployment in cities. The four vertical markets examined are analysed in terms of the value-added brought
Smart Cities Market - Improve the Safety and Security of People Living in the Ci …
The rapid growth in population in the urban areas due to migration from rural areas is creating infrastructural challenges for municipalities and governments, globally. As the urban population is growing rapidly, the limited natural resources would be insufficient to meet the daily needs and wants of the people across the globe. Hence, it has become important to switch to alternative resources to fulfill the needs of continuously growing urban population