[PDF] Smart Cities Market : Being A Rockstar In Your Industry Is A Matter

What Is Smart Cities?

A smart city is a combination of smart environment and advanced technology. Smart cities deploy IT-based devices to develop critical infrastructure of a city, which includes facilities such as smart education, smart building, smart transportation, smart water, smart electricity, smart health, smart governance, and smart energy. Smart city applications include smart education, smart energy, smart building, smart security, smart transportation, smart healthcare, and others. Smart cities offer improved infrastructure for optimal utilization of energy, thus motivating countries to adopt the same. Thus, these factors are expected to boost the global smart cities market growth in the near future.

Smart Cities Market Key Players:

Microsoft Corporation, Toshiba Corporation, AT&T, Inc., SAP SE, Cisco Systems, Inc., Philips Lighting, Ericsson, Huawei Technologies Co., Ltd., Panasonic Corporation, General Electric, Oracle Corporation, Hitachi Data Systems Corporation, and IBM

The global Smart Cities market is estimated to account for US$ 3,830.4 billion by 2027

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Market Overview

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. This data is collected from devices, citizens, and assets, which is further processed and analyzed to manage and monitor traffic and transportation systems, water supply networks, power plants, crime detection, waste management, school, hospitals, libraries, and other community services. Smart city applications include

Smart security: Smart security solutions refer to smart protections against crime, terrorism, and civil unrest. Smart security solutions monitor the city and law enforcement activities 24x7 in public areas by analyzing patterns and tracking incidents and suspects that facilitate a quicker response.
Smart transportation: In this, intelligent transport system (ITS) technology is applied to transport and infrastructure to transfer information between systems, in order to enhance safety, productivity, and eco-friendly transportation.
The global smart cities market is accounted US$ 1069.4 Bn in terms of value in 2019.

Smart Cities Market Taxonomy

Global Smart cities Market, By Component:

Hardware
Software
Services
Global Smart cities Market, By Application:

Smart Security
Smart Building
Smart Transportation
Smart Governance
Smart Energy
Smart Healthcare
Smart Water Network System
Smart Education

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Key features of the study:

This report provides in-depth analysis of Smart Cities market, market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global Smart Cities market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
Key companies covered as a part of this study include Microsoft Corporation, Toshiba Corporation, AT&T, Inc., SAP SE, Cisco Systems, Inc., Philips Lighting, Ericsson, Huawei Technologies Co., Ltd., Panasonic Corporation, General Electric, Oracle Corporation, Hitachi Data Systems Corporation, and IBM
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, product up-gradation, market expansion, and marketing tactics
The global Smart Cities market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global Smart Cities market

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This release was published on openPR.