openPR Logo
Press release

Smart Cities Market reaching the revenue of over US$ 3,500 billion

10-11-2019 03:03 PM CET | IT, New Media & Software

Press release from:

/ PR Agency:
Smart Cities Market reaching the revenue of over US$ 3,500

The US$ 900 billion smart cities market is believed to take a whopping leap through 2026 end, reaching the revenue of over US$ 3,500 billion. The global smart cities market is estimated to observe a stellar rate of growth over 2018-2026, the CAGR has been expected to be around 19.8%, as concluded in a recently released outlook by Persistence Market Research (PMR).

Request for Sample Report:

Key Research Findings

Tier 1 companies account for around 50% share of the total smart cities market revenue.
Product innovation and expansion strategy will remain paramount for market leaders.
Strong product footprint of leading stakeholders will uplift the smart security segment through 2026.
Boosting market presence in rapidly developing economies, including China, India, Brazil, and Mexico will be a smart move.
Bolstering inclination towards using renewable energy resources will create a heap of business opportunities in smart grids deployment.
Market participants are likely to augment investments in smart automotive vehicles by partnering with leading automakers, to ultimately deliver smart transportation solutions.
As indicated by regional assessment provided in the research outlook, Chinese market for smart cities is expected to witness the most significant growth over 2018-2026. Asia Pacific, excluding China, will also exhibit a substantial growth rate during the projection period. Other regions with developing economies are likely to emerge as high-growth low-volume markets for smart cities. Latin America, Middle East & Africa, and some of the South East Asian countries are anticipated to encounter with high growth opportunities in next few years.

“While smart security accounts for a maximum share of revenue in terms of application in the smart cities market, it is most likely that building, transportation, energy, and healthcare will emerge as the most lucrative facets of smart cities, in near future. Ongoing efforts in leveraging various state-of-the-art technologies for securing smart cities of future, will further push the growth of smart security segment,” states an expert research analyst at PMR.

Request for customization:

Blockchain Enabled Data Security in Smart Cities to be the Next Big Thing

With a few classic examples of real smart cities such as Dubai, Singapore, and Songdo, the smart cities market participants are still struggling to provide end-to-end security to the massive amount of technologically created data. According to industry experts, the existing security management system is deficient, and may further emerge as a major obstacle in the growth path of smart cities. The industry has been constantly seeking a breakthrough technology that can potentially serve the purpose.

Blockchain is a promising technology; however, the practicality of the implementation of Blockchain technology in smart cities’ security, is still to be seen. The technology is expected to aid in streamlining of the entire city’s data on a common platform and ensure it to be un-hackable, which is anticipated to allow local governments to eliminate the need for the conventional electronic and paper-based transactions.

View complete Report:

Although using Blockchain technology for each transaction is unfeasible at present, some of the cities have already started deploying the technology in a set of transactionsn in order to achieve quick access, security, and transparency. Smart Dubai has a goal of operating a fully digitized payment system and digitized passports, in next few years. A twin approach is also expected to emerge as a preferred choice in near future, which combines traditional security methods with Blockchain system.

305 Broadway,7th Floor
New York City, NY 10007
United States
T: +1-646-568-7751
Tollfree: +1 800-961-0353

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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 Smart Cities Market reaching the revenue of over US$ 3,500 billion here

News-ID: 1847188 • Views:

More Releases from

Innovation-Based Discernment To Drive The Foil Shavers Market
Innovation-Based Discernment To Drive The Foil Shavers Market
Personal appearance has taken paramount importance in the lives of consumers. Proper grooming and professional appearance have become important attributes to gain respect at the workplace. The way people carry themselves creates an impression on co-workers and the management. The pressure and interest of looking good is equally important to both, men and women. Variations offered by trimmers and shavers have taken up the onus to drive the foil shavers
Alcoholic Hepatitis Therapeutic Market Rugged Expansion Foreseen by 2017 to 2025
Alcoholic Hepatitis Therapeutic Market Rugged Expansion Foreseen by 2017 to 2025
Alcoholic hepatitis is a kind of liver disease usually affects people who are used to be heavy drinkers. It can cause short and long-term liver damage. Liver is a major organ of body functions to remove poisons such as alcohol from blood. It’s damaged by long time heavy drinking of alcohol. Usually occur in 30% of long- time alcohol drinkers. Asymptomatic steatohepatitis is also as alcoholic hepatitis the term is
Advanced Meniscal Fixation Devices Market Continuing to Show Billion Dollar Growth According to 'Persistence Market Research'
Advanced Meniscal Fixation Devices Market Continuing to Show Billion Dollar Grow …
Meniscal fixation is minimally invasive surgical procedure is used to reconstruct torn meniscus. Meniscus functions include distribution and load transmission, joint stability, neuromuscular proprioception and joint nutrition. Meniscal tears are symptomatic and irreparable and meniscal fixation devices are used to remove unstable fragments. Meniscal repair is performed only during longitudinal tears (>10 mm), tears without deformity or secondary degeneration, and others. Meniscal fixation devices are used arthroscopic repair or
Liniments Rubs Market segmentation by key players - Liniments & Rubs Market are Haw Par Corporation Limited., Procter & Gamble, GSK group of companies, Amrutanjan Health Care Ltd. and others. The companies are mainly focusing on intense marketing to conve
Liniments Rubs Market segmentation by key players - Liniments & Rubs Market are …
Liniments are liquid dosage forms which are used relieve pain and stiffness during arthritis, sore muscular aches, and muscle strains. Liniments & rubs are well absorbed through the skin and have a high bioavailability. Liniment vehicles depend on the type of action (counterirritants, massage, and rubefacient) and solubility of desired compounds. They can be used as irritants, analgesics, anti-inflammatory, astringents, and fungicidal. Rubefacient liniments are used for vasodilation and hyperthermia

All 5 Releases

More Releases for Blockchain

Blockchain Security Market Set for Explosive Growth | DMG Blockchain Solutions, …
Global Blockchain Security Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Blockchain Security Market. Some of the key players profiled in the study are Oracle, IBM, Kaspersky, Gemalto,
Impact of Outbreak of Coronavirus (Covid-19) on Blockchain in IOT Market by 2027 …
The Blockchain in IOT market is expected to garner $6000 million and rise at a CAGR of 70% during the forecast period from 2019 to 2027. A new market report titled “Blockchain in IOT Market” has been added to the repository of Research N Reports. This report provides comprehensive assessment of the current trends, restrains and futuristic opportunities, which are anticipated to provide lucrative avenues for market proliferation. An in-depth description
Global Blockchain Masrket 2019-2025: Blockchain Inc., Amazon AWS, Abra (US), Del …
Recent Research and the Current Scenario as well as Future Market Potential of " Blockchain Market in Global Industry: Market Development, Analysis and Overview 2019 "globally. Global Blockchain Industry was valued at USD 357.8 Million in the year 2017. Global Blockchain Industry is further estimated to grow at a CAGR of 74.4% from 2019 to reach USD 30.74 Billion by the year 2025. North America region holds the highest Industry share
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications. Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like
Global Blockchain Market Forecast to 2025 | Public Blockchain, Private Blockchai …
MarketResearchReports.Biz has recently announced the Latest industry research report on: “Global Blockchain Market Insights, Forecast to 2025 “. This report presents the worldwide Blockchain market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels,
Blockchain Market In United State: By Product Type - Public Blockchain, Private …
Researchmoz added Most up-to-date research on "Blockchain Market In United State: By Product Type - Public Blockchain, Private Blockchain & Consortium Blockchain" to its huge collection of research reports. In this report, the United States Blockchain market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits