openPR Logo
Press release

Smart Cities Market worth $873.7 billion by 2026

12-07-2021 02:32 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Smart Cities Market

Smart Cities Market

According to a new market research report "Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services (Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, and E-Governance), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the Smart Cities Market size to grow from USD 457.0 billion in 2021 to USD 873.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The Smart Cities Market is fuelled by the need for efficient management and utilization of resources. Smart cities are designed for optimum usage of space and resources along with an efficient and optimum distribution of benefits. It also improves connectivity at various levels among citizens, as well as between the administration and population through smart transportation solutions.

Browse 330 market data Tables and 66 Figures spread through 328 Pages and in-depth TOC on "Smart Cities Market”

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/smart-cities-market-542.html

By Smart Building Solutions, the Safety and Security Management segment to hold the largest market size during the forecast period

The Safety and Security Management segment of the Smart Cities Market is projected to hold the largest market size in 2021. The Safety and Security Management solution is further divided into Access Control System, Video Surveillance System, and Safety System. Safety and Security management systems mainly deal with security-related operations of buildings that help authorities or administrators to respond to emergency situations quickly. The system handles every phase of the emergency response, from logging the emergency situation to informing the appropriate personnel about the size and severity of the incident, so that quick and effective response can be ensured.

By Smart Transportation Solutions, the Passenger Information segment to grow at the highest CAGR during the forecast period

Under the Smart Transportation Solutions, the Passenger Information sub-segment is expected to grow at the highest CAGR during the forecast period. Passenger Information Systems provide real-time information on transit services, such as current location, estimated arrival and departure time, and the causes for disruption. Along with system reliability, safety, and general appearance, the ability of operators to provide accurate and current information on arrival and departure times offers passenger satisfaction.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=542

By region, North America to account for the largest market size during the forecast period

North America holds a strong position in the global Smart Cities Market, due to the presence of most of the top Smart city solution vendors such as Cisco, IBM, Microsoft, Oracle, and Intel. Network operators in this region constantly invest in expanding and upgrading their telecom networks and transition toward 5G infrastructure, leveraging technologies such as cloud edge computing and network slicing, thereby actuating the adoption of smart cities at a low cost and for strategic urban management. Rapid digitalization across industry verticals, the increasing adoption of smart connected devices, such as IoT, and the rising technological advancements have fueled the growth of the smart cities market in this region.

Market Players

Major vendors in the Smart Cities Market include Siemens (Germany), Cisco (US), Hitachi (Japan), IBM (US), Microsoft (US), Schneider Electric (France), Huawei (China), Intel (US), NEC (Japan), and ABB (Switzerland).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/smart-cities.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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 worth $873.7 billion by 2026 here

News-ID: 2488392 • Views: 156

More Releases from MarketsandMarkets™

Smart Space Market predicted to gain $15.3 billion by 2025
According to a new market research report "Smart Space Market by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during
Transportation Management System (TMS) Market predicted to gain $17.8 billion by …
According to a new market research report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during
Cloud ITSM Market expected to gain $12.2 billion by 2025
According to a new market research report "Cloud ITSM Market by Components ( Solutions (Service Portfolio Management, Configuration & Change Management, Service Desk Software) And Services), Vertical (BFSI, IT & ITeS, Retail & Consumer Goods), Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Cloud ITSM market size expected to grow from USD 4.7 billion in 2020 to USD 12.2 billion by 2025, at a Compound
Facial Recognition Market predicted to gain $8.5 billion by 2025
According to a new market research report "Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025" published by MarketsandMarkets™ , the post-COVID-19 Facial recognition market size expected to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate

All 5 Releases


More Releases for Smart

Smart Solutions
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Smart Mirrors
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
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 Watch: Purchase Drivers
ReportsWorldwide has announced the addition of a new report title Smart Watch: Purchase Drivers to its growing collection of premium market research reports. This ‘360 View Update’ assesses the current state of the smart watch market. It quantifies how consumers purchase, use, and think about both smart watches and traditional watches. Findings help smart watch manufacturers, traditional watch manufacturers, and app developers refine their business strategies at this pivotal time in
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
Smart Cities
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will