Smart Cities Market Growth Steady at 19.08% CAGR to Reach US$ 3651.49 Billion by 2025

Smart Cities Market Size, Share, Growth, Industry Trends research study involved the extensive usage of both primary and secondary data sources. Smart Cities Market the research process involved the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

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Latest market study on "Smart Cities Market to 2025 by Industry Verticals (Smart Infrastructure, Smart Governance, Smart Education, Smart Transportation, Smart Healthcare and Smart Energy) - Global Analysis and Forecast?, The global Smart cities market accounted for US$ 773.19 Bn in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 - 2025, to account for US$ 3651.49 Bn in 2025. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Smart Cities Market - Company Profiles

Sentient Technologies Holdings Limited
Manthan Software Services Pvt. Ltd
Focal Systems Inc
Microsoft Corporation
ViSenze
Tata Consultancy Services Limited
com, Inc.
Plexure Ltd.
Google,Inc.
IBM Watson Group

Browse market data tables and in-depth TOC of the Global Smart Cities Market (2016-2025)

The global smart cities market for the industry verticals is fragmented into smart healthcare, smart infrastructure, smart governance, smart transportation, smart energy, and smart education. The segmentation is based upon various aspects of smart cities. Smart infrastructure accounts largest market share of smart cities industry verticals market and is expected to continue its dominance throughout the forecast period. The concept of smart infrastructure is an approach that is contemporary in urban planning and design for sustainable infrastructure development because of its integrated ICT approach adopted for sustainable development. As the adoption and deployment of smart objectives wide spreads across the globe, the market for each individual industry vertical in smart cities market is also anticipated to grow.

Technology integration helps cities to improve efficiency, enhance their economic potential, reduce costs, open the door to new business and services, and improve the living conditions of its citizens. A key condition for value creation through integration is the compatibility of technologies; which is best achieved through common and consensus-based standards that ensure interoperability.

Market Insights- Smart Cities Market

Rise in Technological Innovations

Rather than being an expense, smart technology integration can create considerable opportunities for added value in any city. Technology integration helps cities to improve efficiency, enhance their economic potential, reduce costs, open the door to new business and services, and improve the living conditions of its citizens. A key condition for value creation through integration is the compatibility of technologies; which is best achieved through common and consensus-based standards that ensure interoperability. Presently, however, smart city projects concentrate mainly on vertical integration within existing independent infrastructure and services silos, e.g. energy, transport, water, or health. A truly "smart" city requires horizontal integration as well as creating a system of systems capable of achieving considerable increases in efficiency and generating new opportunities for the city and its citizens.

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Industry Verticals-Based Insights

Based on industry verticals, the smart cities market is segmented into smart infrastructure, smart energy, smart governance, smart transportation, smart healthcare, smart education. The smart infrastructure segment held the largest market share in 2016.

What questions does the Smart Cities Market report answer about the regional reach of the industry

The report claims to split the regional scope of the Smart Cities Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration

How do the sales figures look at present How does the sales scenario look for the future
Considering the present scenario, how much revenue will each region attain by the end of the forecast period
How much is the market share that each of these regions has accumulated presently
How much is the growth rate that each topography will depict over the predicted timeline
The scope of the Report:

The report segments the global Smart Cities Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Smart Cities Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report analyzes factors affecting Smart Cities Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the three Smart Cities market in these regions.

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Reasons for buy this Report

Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Smart Cities market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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