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Smart Cities Market 2021 Size, Status and Global Outlook -ABB Ltd, Cisco Systems Inc., Emerson Electric Co., IBM Corporation, Ericsson Inc
Smart Cities Market 2021-2026 Financial Insights, Business Growth Strategies with Competitive LandscapeThe Smart Cities Market Research study published by MarketInsightsReports, entitled Global Smart Cities Market Growth 2021-2026 consists of the market share, size, segmentation, and current trends. The study also contains the numerical research of the global Smart Cities market on a global level and offers planning and designing statistics to boost business development. The report author has included key competitive landscape (upcoming identifiers) on past and future projections of Smart Cities market industrial growth in forecast time-period. It then sheds light on key development trends, regional application and type wise analysis in the Smart Cities market report.
The smart cities market was valued at USD 739.78 billion in 2020 and is expected to reach USD 2036.10 billion by 2026 and grow at a CAGR of 18.22% over the forecast period (2021 - 2026).
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Top Companies in the Global Smart Cities Market are - ABB Ltd, Cisco Systems Inc., Emerson Electric Co., IBM Corporation, Ericsson Inc., Schneider Electric SE, General Electric Co., Siemens AG, Huawei Technologies Co. Ltd, Honeywell International Inc., Hitachi Ltd, Nokia Corporation, Koninklijke Philips NV
Key Market Trend On Smart Cities-
According to the United Nations Populations Fund, in 2014, 54% of the world's population lived in urban areas, which is approximately 3.3 billion people. By 2030, roughly 67% of the total population is expected to live in urban areas.
- Hence, urbanization demands smart technology initiatives driving market growth. With rapid urbanization primarily taking place in developing countries, the growth of cities and economic development are inextricably linked.
- For example, the rise of Chinas middle class, a distinctly urban phenomenon has lifted 500 million people out of poverty in less than 30 years and is a testament to the power cities uniquely possess to elevate living standards.
- The explosive population growth and dynamic shift in urban sprawl, coupled with the economic growth of megacities in the emerging economies, would pose a variety of opportunities for companies operating in different sectors.
- The megacities from the emerging economies are expected to become the largest markets for existing premium products and technologies, while their developed counterparts are expected to witness a trend of sustainable measures.
Industrial Analysis On Smart Cities Market-
February 2018 - Honeywell announced its latest smart building technology, which connects building personnel with data analytics to help drive operational improvements and efficiencies.
- January 2018 - Siemens building technologies division introduced a dust sensor which can be utilized in buildings, rounding out its product offering for a healthy indoor climate. The sensor can be used to monitor and visualize particle pollution and is easy to integrate into building management systems.
Global Smart Cities Market: Regional Segment-
North America (US, Canada)
Europe (Germany, UK, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Latin America (Brazil, Mexico)
Middle East and Africa
The Study Objectives Of the Smart Cities Market are:
To Analyse global Smart Cities status, future forecast, growth opportunity, key market and key players.
To Present the Smart Cities development in North America, Europe, Asia Pacific, Latin America & Middle East and Africa.
To Strategically profile the key players and comprehensively analyse their development plan and strategies.
To Define, Describe and Forecast the Smart Cities market by product type, market applications and key regions.
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https://www.marketinsightsreports.com/reports/02082591795/smart-cities-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Source=OpenPR&Mode=AK
Some Major Points from Table of Contents:
Chapter 1. Research Methodology & Data Sources
Chapter 2. Executive Summary
Chapter 3. Smart Cities Market: Industry Analysis
Chapter 4. Smart Cities Market: Product Insights
Chapter 5. Smart Cities Market: Application Insights
Chapter 6. Smart Cities Market: Regional Insights
Chapter 7. Smart Cities Market: Competitive Landscape
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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