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Smart Cities Market 2025| Cisco Systems, Schneider Electric, IBM, Microsoft, Siemens AG, Huawei, NEC, Intel, Oracle, GE, AT&T, Ericsson, Alstom SA, ABB

03-24-2020 06:48 AM CET | IT, New Media & Software

Press release from: Smart Cities Market

Smart City Market 2020

Smart City Market 2020

Smart Cities Market 2020 : The global Smart cities market accounted for US$ 773.19 Bn in 2016 and is expected to grow during the forecast period 2017 - 2025, to account for US$ 3651.49 Bn in 2025. Key trend which will predominantly effect the market in coming year is smart cities market consolidation due to growing competition. Furthermore, the market is anticipated to witness significant growth in market owing to the increasing urbanization.

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Smart Cities market by industry vertical is segmented into smart healthcare, smart infrastructure, smart energy, smart governance and smart education. The smart cities are structures of services and these services are intangible offerings that enables the residents of a city to interact within the city systems or with other people. The services delivered by smart cities are designed in a way that they are easy to access, efficient, responsive, sustainable from environment's perspective and openly available. There are a wide range of services covered by the smart city concept. A smart city comprises smart mobility that further includes smart transportation, intelligent road networks, public transport, connected cars, smart parking, etc. Further, the smart city services comprises of smart healthcare, smart buildings, smart energy, smart education and smart governance.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Smart City industry.

Table of Contents
1.1 List of Tables
1.2 List of Figures

2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance

3 Key Takeaways

4 Smart City Market Landscape
4.1 Overview
4.2 Market Segmentation
4.2.1 Global Smart City Market - By Industry Verticals
4.2.2 Global Smart City Market - By Geography
4.1 PEST Analysis
4.1.1 North America PEST Analysis
4.1.2 Europe PEST Analysis
4.1.3 Asia Pacific PEST Analysis
4.1.4 Middle East and Africa PEST Analysis
4.1.5 South America PEST Analysis

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5 Global Smart Cities Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Gradual Shift in Urbanization
5.1.2 Thriving Demand for Reduced Energy Consumption
5.1.3 Rise in Technological Innovations
5.2 Key Market Restraints
5.2.1 Lack of Standardization
5.2.2 Lack of Critical Security Aspects
5.3 Key Market Opportunities
5.3.1 Integration of technology with present services
5.3.2 IoT: A Revolutionary Trend
5.4 Future Trends
5.4.1 Application of artificial intelligence to public security
5.4.2 Enhanced Services
5.5 Impact Analysis

6 Smart City Market to 2025 - Global
6.1 Global Smart City Market Overview
6.2 Global Smart City Market Forecast and Analysis

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