Press release
Smart Cities Market is Booming Across the Globe Get Report By Trends, Growth, Industry Analysis & Forecast 2030
The global smart cities market size reached USD 457.18 billion in 2021 and is expected to register a revenue CAGR of 13.9% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to rising demand for public security, as well as favorable government initiatives in various countries to develop advanced video surveillance, real-time vehicle number plate, and facial recognition solutions used for public safety in smart cities, emphasizing the importance of monitoring to ensure people's safety.The Global Smart Cities Market Research Report is a professional and in-depth analysis of the current market situation with a specific focus. The study is a valuable resource for companies and everyone interested in the industry because it provides crucial information on the state of the global Smart Cities Market. The market provides a basic introduction of the sector, outlining its definition, applications, and production technologies. Additional details on the significant international industry players are covered in the report
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Competitive Outlook:
The study also includes company reviews, revenue sharing, and SWOT analysis of the leading players in the Smart Cities industry. The Smart Cities market report provides a detailed analysis of the specific factors that are changing and putting you ahead of the competition. These market measurement tools help identify drivers, restraints, weaknesses, Smart Cities market opportunities, and threats.
This report also covers the emerging player's data, including competitive situation, sales, revenue, and global market share of Top Manufacturers such as:
Cisco Systems, Inc., International Business Machines (IBM) Corporation, SAP, Itron Inc., Telefonaktiebolaget LM Ericsson, Schneider Electric, Siemens, Telensa Inc., Cubic Corporation, and Kapsch TrafficCom AG.
Some Key Highlights in the Report
On 29 March 2021, Zscaler Inc. and CrowdStrike Holdings Inc. launched an end-to-end security protection application. The zero-trust security from devices is expected to provide organizations with dynamic data and identity-centric security protection through new
The smart buildings segment is expected to register the fastest revenue CAGR during the forecast period. This is owing to expanding energy costs and increasing environmental problems, such as carbon emissions and waste, which are compelling builders to invest in smart building technology that delivers improved security and cost savings wherever possible. Furthermore, smart buildings combine cloud technology, sensors, and IoT connection to allow users to monitor and control lighting, air conditioning, security, and other housing functions remotely hence, smart buildings are more environmentally friendly and energy-efficient thereby driving revenue growth of the segment.
The healthcare segment is expected to register the fastest revenue CAGR during the forecast period. The growing requirement for observing smart healthcare device users suffering from chronic illnesses and obtaining improved patient outcomes drives the provider's appeal and use hence driving revenue growth of the healthcare segment. The Internet of Things has made significant progress in enhancing public safety and health owing to its capacity to increase the efficiency and accuracy of present systems. For instance, IoT applications, such as GPS mapping technology and wearable technology, are quickly evolving; coupled with the adoption of new opportunities and applications. All of these are driving revenue growth in the segment.
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The segmental analysis offered in the report pinpoints key opportunities available in the Smart Cities market through leading segments. The regional study of the Smart Cities market included in the report helps readers to gain a sound understanding of the development of different geographical markets in recent years and also going forth. We have provided a detailed study on the critical dynamics of the Smart Cities market, which include the market influence and market effect factors, drivers, challenges, restraints, trends, and prospects. The research study also includes other types of analysis such as qualitative and quantitative.
Emergen Research has segmented the global smart cities market based on solution type, application, and region:
Solution Type Outlook (Revenue, USD Billion 2019-2030)
Smart Transportation
Smart Buildings
Smart Utilities
Smart Citizen Services
Others
Application Outlook (Revenue, USD Billion 2019-2030)
Security
Energy Management
Healthcare
Industrial Automation
Buildings
Transportation
Others
Browse Summary of the Smart Cities Industry Analysis Report@ https://www.emergenresearch.com/industry-report/smart-cities-market
Scope of the Report:
The Smart Cities market report provides a comprehensive overview of the industry through research, synthesis, and summary of data from various sources. Experts have offered to various sectors with the specific aim of identifying the significant manipulators of the sector. The Smart Cities market report includes a complete market and vendor landscape, as well as a SWOT analysis of the leading competitors. As a result, the information offered is thorough, reliable, and is the result of extensive investigations.
Promising Regions & Countries Mentioned In Smart Cities Market Report:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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What Questions Should You Ask before Buying a Market Research Report?
• How is the Smart Cities market evolving?
• What is driving and restraining the Smart Cities market?
• How will each Smart Cities submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
• How will the market shares for each Smart Cities submarket develop from 2022 to 2030?
• What will be the main driver for the overall market from 2022 to 2030?
• Will leading Smart Cities markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
Thank you for reading our report. To request a customization or for further inquiries, kindly get in touch with us. Our team will ensure the report is tailored meet to your needs.
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