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Smart Cities Market Outlook and Future Growth during the Forecast Period 2018-2025 | Key Players include Cisco Systems Inc., Ericsson, General Electric, Hitachi Ltd., Huawei Technologies Co., Ltd., IBM Corporation

05-21-2019 07:59 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: ReportsWeb

Smart Cities Market Outlook and Future Growth during the Forecast Period 2018-2025 | Key Players include Cisco Systems Inc., Ericsson, General Electric, Hitachi Ltd., Huawei Technologies Co., Ltd., IBM Corporation

According to a recent report 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.

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Smart cities use different information and communication technologies to fuel sustainable economic growth. They are focused to provide enhanced urban services to reduce overall resource costs and energy consumption. The factor that drives the global smart cities market includes continuous growth in urbanization resulting in increasing demand for smart technology for efficient day-to-day services for better resource management. In addition, proactive government solutions for smart cities deployment due to the wide adoption of Internet of Things (IoT) devices is expected to boost the growth of the global market. Based on functional area, the smart infrastructure segment dominated the global smart cities market in 2017 due to demand of advanced security and safety devices among public organizations. Furthermore, the smart energy segment is expected to grow at the highest CAGR during the forecast period due to increase in demand for energy efficient solutions driving the adoption of smart energy meters to meet the unique challenges associated with the increasing demand of energy for continuously growing population.

The Major players reported in the market include:
AT&T Inc.
Cisco Systems Inc.
General Electric
Hitachi Ltd.
Huawei Technologies Co., Ltd.
IBM Corporation
Intel Corporation
Microsoft Corporation
Schneider Electric SE

The study provides an in-depth analysis of the Smart Cities market along with current and future trends to elucidate the imminent investment pockets.
The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
Porter's Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.
The quantitative analysis of the market during the period of 2018-2025 is provided to elaborate the market potential.

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By Functional Area
Smart Governance & Smart Education
Smart Energy
Smart Infrastructure
Smart Mobility
Smart Healthcare
Smart Building

North America
Asia Pacific
Central & South America
Middle East and Africa


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Organization: ReportsWeb
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