Press release
Smart Cities Market 2021 Global Industry Growth, Trends, Opportunity and Forecast 2025 | Cisco Systems, IBM, Siemens AG, Microsoft, Hitachi, Schneider Electric, Huawei, Intel, Fujitsu, Oracle, and SAP SE, Ericsson, ABB, Honeywell, Google, and AWS
Developing economies and booming IT sector is expected to provide opportunities for the smart cities market growthThe global smart cities market size is projected to reach nearly USD 651.7 billion by 2028. Besides, it is projected to gather a CAGR of above 18.0% over the forecast years 2021-2028. A smart city is a metropolitan environment that uses digital technologies such as the Internet of Things ( IoT), Artificial Intelligence (AI), Big Data, Cloud Computing Technology, and Data Analytics for data processing and measurement of usage and the effective use of assets, resources and services. Growth in the smart cities sector is powered primarily by increasing government policies for overpopulation and urbanization management and an increasing need for resource management for sustainable development.
Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/956
Artificial intelligence has become an important part of many sectors and is finding its way through smart city projects. Smart cities have a range of AI-driven solutions for maintaining a healthy climate, supporting public transport and safety. AI should consider how city services are being used and how they operate. It lets city officials consider how the city reacts to different shifts and programs. Leading economies around the world are spending billions of dollars on improving artificial intelligence technology. AI has a great opportunity for future development and smart city ventures will use this platform for different applications from waste control, traffic management, and building automation to street surveillance, hazard identification and response, emergency management, and e-government.
The report also outlines the various characteristics of the global smart cities industry by assessing the market from value chain analysis. Moreover, the smart cities market report comprises various qualitative parts of the smart cities industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/smart-city-market
The smart cities market has solid competition amongst the already well-known and new market players. Besides, the smart cities industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Based on the application segment, the market is bifurcated into smart governance, smart building, environmental solutions, smart utilities, smart transportation, and smart healthcare. The smart utility segment accounted for a largest market share in 2019 and is also anticipated to witness lucrative growth over the forecast period. Several countries are focused on deploying emerging systems for the distribution and billing of power, water, and Liquefied Petroleum Gas (LPG) to people to enhance the supply and efficiently track their consumption. The market growth of this segment is mainly due to the growing demand for electricity grids and smart meters in urban areas due to the increasing need to monitor energy consumption and to build sustainable communities.
The Asia-Pacific region is projected to accumulate the highest growth during the forecast years. The market growth in this region is mainly ascribed to the Significant investment in technology modernization and expanded implementation of automation technologies such as the Internet of Things ( IoT) and the Artificial Intelligence (AI). However, the North American region held the highest market share in 2019 and it is projected to remain dominant during the forecast years 2021-2028.
The major players of the global smart cities market are Cisco Systems, IBM, Siemens AG, Microsoft, Hitachi, Schneider Electric, Huawei, Intel, Fujitsu, Oracle, and SAP SE. Moreover, the market comprises several other prominent players in the smart cities market that are Ericsson, ABB, Honeywell, Google, and AWS. The Smart Cities market consists of well-established global as well as local players. Besides, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Segment Overview of Global Smart Cities Market
Application Overview, 2018-2028 (USD Million)
Smart Governance
City Surveillance
Command & Control Solution
E-governance
Smart Lighting
Smart Infrastructure
Smart Building
Environmental Solution
Smart Utilities
Energy Management
Water Management
Waste Management
Smart Transportation
Intelligent Transportation System
Parking Management
Smart Ticketing & Travel Assistance
Smart Healthcare
Regional Overview, 2018-2028 (USD Million)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
Enquire for in-depth information before buying this report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/956
About Us:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Us :
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX 75204, U.S.A
Phone No.: USA: +1 972-362 -8199 / +91 9665341414
This release was published on openPR.
Permanent link to this press release:
Copy
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 2021 Global Industry Growth, Trends, Opportunity and Forecast 2025 | Cisco Systems, IBM, Siemens AG, Microsoft, Hitachi, Schneider Electric, Huawei, Intel, Fujitsu, Oracle, and SAP SE, Ericsson, ABB, Honeywell, Google, and AWS here
News-ID: 2226919 • Views: …
More Releases from Adroit Market Research
Subscription and Billing Management Market Analytical Overview and Growth Opport …
A sort of software called subscription and billing management is used to speed up the payment process for companies that provide subscription services and depend on recurring payments. Subscription and billing management solutions automate the billing procedure to lower the possibility of errors, increase client satisfaction, and give companies access to comprehensive reporting tools. Businesses can customise subscription packages, automate billing, provide customer self-service options, manage subscriptions across various payment…
Smart Office Solution Market Key Players, End User Demand and Analysis Growth Tr …
Innovative technologies called "smart office solutions" are created to optimise and enhance an office space's daily operations. They usually concentrate on automating repetitive processes, improving cooperation and communication, increasing staff productivity and workflow, and offering real-time insights into operational performance. The goal of smart office solutions is to help businesses save money and operate as efficiently as possible. They provide services that include cloud-based document management systems, CRM platforms, enterprise…
Rewards and incentives Market 2023 Growing Rapidly with Modern Trends, Industry …
Rewards and incentives are expressions of appreciation and acknowledgement offered to people or groups to acknowledge their efforts, achievements, or performance. Rewards and incentives have the power to inspire workers, boost engagement, boost morale, and promote constructive behaviour at work. They may be given in the form of monetary awards or non-financial incentives like praise from others, promotions, extra vacation time, or other forms of remuneration. Rewards and incentives are…
Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Dema …
The process of gathering and analysing information that is readily accessible to the public to produce intelligence that can be used to guide decisions is known as open-source intelligence (OSINT). Open-source intelligence is used to understand a company's or organization's operating environment, including its rivals, clients, suppliers, and potential threats. It is a technique for gathering intelligence that makes use of easily accessible and widely available data sources like the…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide.
This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.
The study objectives of this report are: To study and forecast the market size of Smart…
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices.
The global IoT device management market is…
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry.
“The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to…
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally.
Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as…
