India Smart Cities Market May See Growth of 18% in Years to Come

A new research document is added in HTF MI database of 91 pages, titled as 'Smart Cities Market in India – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2027' with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled players are Cisco Systems, Google Inc., General Electric, Panasonic, Honeywell International Inc., Microsoft Corp., IBM Corp., ABB Ltd., SAP SE, and Apple. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

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Summary
Smart cities are gaining market traction as there is a compulsive search for land to accommodate more than 7 billion people on the planet. The continued growth in the population, ill-planned cities, overcrowding in developing cities, and lavish lifestyle are resulting in enormous wastage of the natural resources. The loss of natural resources will eventually result in high cost of living, a rise in the level of pollution, and an increase in the crime rates. Thus, the governments in many countries have come up with a concept of smart cities, which will be enabled by the intelligent information and communication technology.
Infoholic Research forecasts the smart cities market in India to grow at a CAGR of 18.5% during the forecast period. The market is segmented into city types and applications.
As stated in the report, India is one of the fastest and largest growing markets for smart cities due to the initiatives and the use of technology. The Tier 2 metro cities will have the highest growth rate due to the declaration of government initiatives and private investments from the software providers. Moreover, the Government of India has already planned and mentioned the first 20 smart cities.
The market is evolving mainly due to the increasing adoption of Internet and mobile phones and the growing demand for energy-efficient sources to safeguard the Earth’s limited resources. These situations have offered tremendous opportunities for the smart cities players across the world to invest hugely in the market and achieve their business goals.
The report covers the present scenario and the growth prospects of the smart cities market in India during the forecast period 2017-2023. Moreover, to calculate the market size, the report considers the revenue generated from the sales of the following solutions:
o Smart Governance
o Smart Education
o Smart Security
o Smart Energy
o Smart Infrastructure
o Smart Mobility
o Smart Healthcare
o Smart Building
The market is analyzed by
o Applications – Smart Governance, Smart Education, Smart Security, Smart Energy, Smart Infrastructure, Smart Mobility, Smart Healthcare, Smart Building
o City Types – Tier 1, Tier 2, and others
• The report covers drivers, restraints, and opportunities (DRO) affecting the market growth during the forecast period (2017–2023)
• It contains an analysis of vendor profiles, which include financial health, business units, geographical revenue, business focus, SWOT, business strategy, and views
• In the vendor profile section, for the companies that are privately held, financial information and revenue of segments will be limited
• The report covers political, economic, social, and technological (PEST) factors affecting the market growth during the forecast period

Key Players:
Cisco Systems, Google Inc., General Electric, Panasonic, Honeywell International Inc., Microsoft Corp., IBM Corp., ABB Ltd., SAP SE, and Apple.

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Table of Contents
1 Industry Outlook 9
1.1 Industry Overview 9
1.2 Industry Trends 10
1.3 PEST Analysis 11
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 13
2.3 Research Methodology 14
2.4 Report Assumptions 14
3 Market Snapshot 16
3.1 Total Addressable Market 16
3.2 Segmented Addressable Market 16
3.3 Related Markets 17
3.3.1 AI in Homes 17
3.3.2 Smart Meters 17
4 Market Outlook 18
4.1 Overview 18
4.1.1 Market Definition – Infoholic Research 18
4.2 Market Trends and Impact 19
4.3 Market Segmentation 20
4.4 Porter 5 (Five) Forces 20
5 Market Characteristics 22
5.1 Benefits and Challenges of Smart Cities in India Market 22
5.2 Market Dynamics 22
5.2.1 Drivers 23
5.2.1.1 Enhanced broadband connectivity 23
5.2.1.2 Increased investment in smart cities, IoT, and M2M communication system 23
5.2.1.3 Adoption of digital lifestyle 23
5.2.1.4 Need for safety and security arrangement 23
5.2.2 Restraints 24
5.2.2.1 High upfront cost 24
5.2.2.2 Lack of standards and interoperability 24
5.2.2.3 Low awareness 24
5.2.3 Opportunities 25
5.2.3.1 Opportunities for growth of wearable devices 25
5.2.3.2 Opportunities from developing economy 25
5.2.3.3 Opportunities for telecom providers 25
5.3 DRO – Impact Analysis 26
6 Applicat

....Continued

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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Smart Cities market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Smart Cities near future?
What is the impact analysis of various factors in the Smart Cities market growth?
What are the recent trends in the regional market and how successful they are?

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