Press release
Smart City Market Key Vendors, Analysis by Growth and Revolutionary Opportunities by 2032
Smart City Market
Information and communication technologies are used in "smart cities" to promote long-term economic growth, effective resource management, and improved quality of life for citizens. A smart city may make use of its cutting-edge infrastructure to benefit the surrounding community's companies, environment, transportation and mobility, healthcare, way of life, and governance. A desire for a better quality of life and rising urbanisation trends around the world are driving the adoption of smart city technologies. The fundamental purpose of intelligent cities is to create economic growth and improve people's quality of life by enabling local area development and leveraging technology that leads to smart results.
A smart city is a framework for deploying, fostering, and promoting sustainable urban development that makes use of information and communication technology (ICT). Also, it aids in public information dissemination, increases operational effectiveness, and raises the standard of citizen welfare. A smart city promotes mixed-land use for unplanned areas, which offers a variety of facilities at one location and helps in the best utilisation of the available space. It does this by relying on both software solutions and hardware elements, such as chips, sensors, and actuators, as well as communication networks, the Internet of Things (IoT), and user interfaces (UIs). These systems collect data that is processed to keep an eye on power plants, the water supply, spot criminal activity, control waste, and provide numerous other municipal services.
The data collected and transmitted by IoT devices in smart cities is kept on servers or in the cloud. These devices are linked together, and data analytics (DA) is used to bring together the parts of the physical and digital cities. This increases efficiency in the public and commercial sectors, promotes economic gains, and improves the performance of the current infrastructure. Sanitation, affordable housing, a sustainable environment, a sufficient water supply, a reliable electricity supply, health and education, effective urban mobility and public transportation, and strong IT connectivity and digitalization are currently the main infrastructure components in smart cities.
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Global Smart City Market: By Types
Smart Security
Smart Infrastructure
Smart Energy
Smart Education
Smart Building
Smart Healthcare
Other
Global Smart City Market: By Applications
Communications Industry
Transportation Industry
Express Industry
Government
Education
Other
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Global Smart City Market: Top Key Players
ABB
AT&T
Europe Mobile
Cisco
Hitachi
Honeywell
Huawei
IBM
NTT Communications
Cisco
Hitachi
Verizon Communications
Vodafone
Alcatel-Lucent
Ericsson
HP
Microsoft
Schneider Electric
Telefonica
The report has helped our clients:
• To describe and forecast the Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the Market for stakeholders by identifying high-growth segments in Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the Market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
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Frequently Asked Questions About This Report
• How big is the smart cities market?
• What is the smart cities market growth?
• Who are the key companies/players in the smart cities market?
• Which region dominated the smart cities market share?
• What are the factors driving the smart cities market?
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