Smart Cities Market Size 2019 | Global Demand, Market Dynamic Forces & Forecast 2025 - ABB, Accenture, Cisco, Ericsson, Schneider Electric, GE, Microsoft, IBM, Oracle, 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.

The Industry Report “Smart Cities Market” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the Smart Cities market.

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key players of Smart city market include ABB, Accenture, Cisco, Ericsson, GE, IBM, Oracle, Microsoft, Schneider Electric and Siemens, among others.

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 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.

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.

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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. The region is expected to lead the Smart Cities Market with highest CAGR during the forecast period.

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Answers that the report acknowledges:

- Market size and growth rate during forecast period.
- Key factors driving the Smart Cities Market.
- Key market trends cracking up the growth of the Smart Cities Market.
- Challenges to market growth.
- Key vendors of Smart Cities Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Smart Cities Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.

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This release was published on openPR.