Press release
Smart City Platforms Market 2023 Global Key Players, Industry Analysis, Potential Growth, Latest Trends 2032
Smart City Platforms Global Market
The Business Research Company's Smart City Platforms Global Market Report 2023 identifies Growing urbanization as the major driver for the Smart City Platforms market's growth in the forecast period. Urbanization refers to the process by which many people permanently assemble in comparatively small regions to establish cities. It occurs because people move from rural areas to urban areas. Smart city platforms are used for improving urban area management and quality of life for citizens. Rapid urbanization will require smart city platforms, which will propel market growth.
The global smart city platforms market size is expected to grow from $155.03 billion in 2022 to $174.96 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart city platforms market size is expected to grow to $277.49 billion in 2027 at a CAGR of 12.2%.
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Major competitors in the Smart City Platforms market are Amazon Web Services Inc., Cisco Systems Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NEC Corporation, Oracle Corporation.
A key trend in the Smart City Platforms market includes Technological advancement. Major companies operating in the smart city platforms market are focused on developing new technological solutions to strengthen their market position.
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The Smart City Platforms market is segmented -
1) By Offering: Platforms, Services
2) By Deployment Model: On Premise, Cloud
3) By Delivery Model: Offshore, Hybrid, Onshore
4) By Application: Smart Infrastructure, Smart Governance and Smart Education, Smart Energy, Smart Mobility, Smart Healthcare, Smart Buildings, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart City Platforms market.
The Business Research Company's "Global Smart City Platforms Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Smart City Platforms Market Include:
1. Executive Summary
2. Smart City Platforms Market Characteristics
3. Smart City Platforms Market Trends And Strategies
4. Smart City Platforms Market - Macro Economic Scenario
5. Smart City Platforms Market Size And Growth
……
27. Smart City Platforms Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart City Platforms Market
29. Smart City Platforms Market Future Outlook And Potential Analysis
30. Appendix
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