Smart Cities Market is Expected to Reach a Value of US$ 1,359.8 Bn by 2027 in 2027 | Top Vendors- AT&T, Inc., SAP SE, Philips, Ericsson, Huawei Co., Ltd., Panasonic, IBM

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

The Smart Cities Market research provides analytical information on market dynamics, including both qualitative and quantitative aspects of the industry within each of the study's regions and nations. The study is curated utilizing significant primary and secondary research, and it has been thoroughly reviewed by industry experts and professionals.

Rapid urbanization has congested landscapes and given rise to issues including high energy consumption, climate change, water capacity issues, and other socio-economic challenges. According to the United Nations (UN), the global urban population in 2015 was 54%, which is expected to increase to 66% by 2050. This rapid rate of urbanization is expected to dwindle available resources. According to Coherent Market Insights’ analysis, the annual rate of change in urbanization for the period 2010–2015 for China was 3.0% and for India, it was 2.38%. Thus, the developed and emerging economies are focused on smart city projects to implement new technologies, which ensure optimal utilization of available resources. Therefore, these factors are expected to drive the market growth in the near future.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 @
https://www.coherentmarketinsights.com/insight/request-sample/3457

𝗠𝗮𝗷𝗼𝗿 𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀:-
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

𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

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

𝗞𝗲𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁:-
Key companies in the market are focused on agreement, partnerships, and collaborations, in order to enhance their market presence. For instance, in November 2019, Microsoft Corporation entered into a three-year agreement with City of Charlotte, North Carolina (NC) to create a regional center focused on STEM workforce development, IoT technology and innovation.
Key players in the market are involved in product launches, in order to expand their product portfolio. For instance, in January 2018, AT&T Inc. introduced new structure monitoring solutions for the U.S. Railways and Roadways.

𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝗦𝗮𝗹𝗲𝘀 | 𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝟮𝟱-𝟯𝟬% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 @
https://www.coherentmarketinsights.com/insight/buy-now/3457

𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝘁𝗼 𝗕𝘂𝘆:-
➼ Recognize the product's demand and supply.
➼ Determine which markets are developed and which are emerging.
➼ Identify and address the problem areas.
➼ Create strategies that are based on the drivers and trends.
➼ Segments, share, size, value, and volume are highlighted.
➼ Examine current trends and technology.
➼ This market's key rivals respond accordingly.
➼ Knowledge about the big companies' initiatives and growth strategies.
➼ Define the competitive positioning by contrasting items and services.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:-
Mr. Shah
Coherent Market Insights
Email: sales@coherentmarketinsights.com

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:-
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We create value for clients through our highly reliable and accurate reports. We are also committed to playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.