Smart Cities Market Recent Developments, Emerging Technologies And Industry Forecast To 2027

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [130 Pages]

Smart Cities Market Perspective 2021

The market size of smart cities worldwide is estimated at USD 98.15 billion by 2020 and is expected to grow at a combined annual growth rate (CAGR) of 29.3% from 2021 to 2028. it has always attracted attention, especially as a result of all mediation techniques. In addition, increased investment by local government, central government / and dedicated governing bodies has been a major factor in market growth. Financial and financial models, technological environment, management structures, and investment in infrastructure play an important role in the use of smart cities and are expected to drive market growth in the forecast period.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 Smart Cities Market
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Urban sprawl has quickly overwhelmed key areas and highlighted issues including high energy use, climate change, water issues, and other social and economic challenges. According to the United Nations (UN), the global urban population in 2015 was 54%, expected to rise to 66% by 2050. This rapid rate of urbanization is expected to reduce existing resources. According to Coherent Market Insights ’analysis, the annual turnover rate in cities for the period 2010–2015 in China was 3.0% and in India it was 2.38%. Therefore, emerging and emerging economies are focusing on smart city projects to implement new technologies, which ensure the efficient use of available resources. Therefore, these factors are expected to drive market growth soon.

Key Development

Key market companies focus on agreement, partnerships, and cooperation, in order to improve their market access. For example, in November 2019, Microsoft Corporation entered into a three-year agreement with the City of Charlotte, North Carolina (NC) to create a regional center focused on STEM staff development, IoT technology and technology.
Major marketers are involved in product launch, in order to expand their product portfolio. For example, in January 2018, AT&T Inc. introduced new U.S. building monitoring solutions Railways and Roadways.
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𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤) :

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲, 𝘀𝗵𝗮𝗿𝗲 𝗼𝗳 Smart Cities ?

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

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Companies Covered as 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,

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