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Smart Cities Market Overview 2018-2023: Diversely changing Market Trends with Potential Business Growth

01-29-2020 08:02 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Smart Cities Market Overview 2018-2023: Diversely changing

Smart Cities Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2023. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. An exclusive data offered in this report is collected by research and industry experts team.

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Key Players- Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Ericsson (Sweden), Vodafone (UK), Itron Inc. (US), Verizon (US), Telensa (England), ABB (Switzerland), Honeywell International Inc.(US), SAP SE (Germany), KAPSCH Group (Austria), AGT International (Switzerland).

The Global Smart Cities Market size is expected to grow from US$ 308.0 Billion in 2018 to US$ 717.2 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. This report spread across 255 pages, profiling 26 companies and supported with 105 tables and 113 figures are now available in this research.
The Smart Citizen services segment is expected to account for the highest market share during the forecast period. Under smart citizen services, the smart healthcare segment is expected to hold the highest CAGR during the forecast period. Currently, smart/connected medical devices are driving traffic over the internet across regions.

The Rising demand for real-time transit information solutions for passengers, increasing adoption of smart phones, rising penetration of IoT solutions in the transportation sector have boosted the adoption of the passenger information management system for providing easy transport access to citizens.

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Breakdown of primary participants' profile:
o By Company: Tier 1 - 35%, Tier 2 - 40%, and Tier 3 - 25%
o By Designation: C-Level - 65% and Director Level - 35%
o By Region: North America - 30%, Europe - 35%, APAC - 25%, and RoW-10%

Competitive Landscape of Smart Cities Market:
1 Overview
2 Competitive Scenario
2.1 Smart Transportation
2.1.1 Partnerships and Collaborations
2.1.2 Acquisitions
2.2 Smart Utilities
2.2.1 Partnerships and Collaborations
2.2.2 New Product Launches
2.2.3 Acquisitions
2.2.4 Business Expansions
2.3 Smart Buildings
2.3.1 Partnerships and Collaborations
2.3.2 New Product Launches
2.3.3 Acquisitions
2.3.4 Business Expansions
2.4 Smart Citizen Services
2.4.1 Partnerships
2.4.2 New Product Launches, Product Enhancements, and New Service Launches
2.4.3 Acquisitions
2.4.4 Business Expansions

Research Coverage:
The smart cities market has been segmented based on focus areas (smart transportation, smart buildings, smart utilities, and smart citizen services) and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the global smart cities market.

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