Smart City Platforms Global Market 2024 - Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2033

The new report published by The Business Research Company, titled ""Smart City Platforms Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the smart city platforms market size has grown rapidly in recent years. It will grow from $176.32 billion in 2023 to $199.86 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The smart city platforms market size is expected to see rapid growth in the next few years. It will grow to $316.31 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.

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Smart City Platforms Market Surges With The Momentum Of Urbanization
Growing urbanization is expected to propel the growth of the smart city platforms market going forward. 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. For instance, according to the UN, a US-based organization that maintains international peace and security, around 2.5 billion more people will be living in cities by 2050. The number of urban dwellers expected to be added to the population by 2050 is around 292 million in China and 212 million in Nigeria. For another instance, according to the World Bank, a US-based international financial institution, the US urban population increased by 0.37% from 274,032,053 in 2020 to 275,050,303 in 2021. Therefore, the growing urbanization is driving the growth of the smart city platforms market.

Innovation Drive Shapes Technological Landscape In Smart City Platforms Market
Technological advancements are a key trend gaining popularity in the smart city platforms market. Major companies operating in the smart city platforms market are focused on developing new technological solutions to strengthen their market position. For instance, in July 2022, Ubicquia, Inc., a US-based provider of intelligent infrastructure platforms for municipalities, utilities, and mobile operators, launched UbiHub, a way for cities to deploy public Wi-Fi and cameras that help in traffic analytics, public safety, and license plate recognition. It is uniquely designed with the industry's first integrated Wi-Fi 6 and an edge AI platform that can be plugged into a photocell socket in 30 seconds and delivers data in minutes. The platform enables communities and law enforcement to cost-effectively scale and turn their existing streetlight infrastructure into a network of connected digital assets. It is compatible with 360 million streetlights globally.

The smart city platforms market covered in this report 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

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Major companies operating in the smart city platforms market report are Alphabet Inc., Microsoft Corporation, Alibaba Group Holding Limited, AT&T Inc., Dell Technologies Inc., Huawei Technologies Co Ltd., Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Schneider Electric SE, ABB Ltd, Telefonaktiebolaget LM Ericsson, Ericsson, Johnson Controls International plc, NEC Corporation, SAS Institute Inc., Advantech Co Ltd., Parametric Technology Corporation., Cubic Corporation, Cradlepoint Inc., Bosch IO GmbH, Quantela Inc.

Contents of the report:
1. Executive Summary
2. Smart City Platforms Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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