Competitive Dynamics : Smart Cities - Growing New IT Markets 2021| IBM, Cisco, Microsoft, Oracle, Schneider Electric, Siemens, Ericsson, Hitachi

Decision Market Reports presents professional and in-depth study along with the peak prominent key players. Smart Cities: Growing New IT Markets describes Smart Cities Sales Channel, Distributors, Businesses, Research Findings and Conclusion, Appendix and Data Source.

The global smart cities market for information and communications technologies has continued to expand at a rapid pace since the 2015 report issued by BCC Research. Total market value increased to an estimated $342.4 billion in 2016 from around $320 billion in 2015.

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BCC Research estimates that the market will reach $774.8 billion in 2021 at a compound annual growth rate (CAGR) of 17.7%. This will exceed the $668.5 billion estimated for 2019 in the previous report, with a similar growth rate. In short, the market has continued to gain momentum in the last few years as demand for more effective citywide management methods becomes more popular.

Regionally, North America will continue to dominate the global market for smart city technologies, although its 43% market share is estimated to drop by one percentage point in 2021. Technology ubiquity, advanced investment and organizational models in cities led by New York, Los Angeles and Chicago in the U.S. and Toronto, Vancouver and Calgary in Canada will continue to drive investment.There were more than a dozen smart city projects in the region as of June, 2017. Further, BCC Research estimates that investment rate in the region will increase from $118.5 billion in 2016 to $244.5 billion in 2021 at a CAGR of 15.6%.

Competing next for scale are the markets of Europe and Asia-Pacific, where regional and local governments are driving smart city technology adoption. Early investments in Asia-Pacific will boost market value in the short term, at $91.7 billion in 2016, helped by the aggressive growth investments by major countries

However, Asia-Pacific's CAGR of 14.7% will be surpassed by Europe in the latter years of the forecast period as the economic climate improves in the E.U. and major initiatives, such as energy management, will drive a 24.3% CAGR in the region.

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Table of Contents

Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 4 Market and Technology Background
Communications
Hardware
Sensors
Software

Chapter 5 Market Breakdown by Sector
Smart City Sectors
Energy Management
Water Management
Transportation Management
Assisted Living
E-Government
Waste Management

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