Press release
Smart City Platforms Global Market to Reach $219.32 Billion by 2025 Showing Steady CAGR Growth
Smart City Platforms Global Market Report 2025
What Is The Projected Market Size Of The Global Smart City Platforms Global Market Report 2025 And Its Growth Rate?
• The smart city platforms market size, leading at $195.52 billion in 2024, is projected to reach $219.32 billion in 2025, showing a compound annual growth rate (CAGR) of 12.2%.
• This quick-paced growth can be attributed to urbanization and population growth, the demand for efficient public services, government initiatives and funding, environmental sustainability concerns, and advancements in IoT technology.
• Further growth will boost the market size to $358.09 billion in 2029, with a CAGR of 13.0%.
• Factors propelling growth include integration with 5G networks, focus on resilience and disaster management, citizen engagement, data analytics, and public-private partnerships (PPPs).
What Is Driving The Growth In The Smart City Platforms Global Market Report 2025?
Rapid urbanization is significantly propelling the growth of the smart city platforms market. Improved urban area management and quality of life advancements through the use of smart city platforms are direct consequences of urbanization. With a staggering 2.5 billion more people expected to inhabit cities by 2050 - including 292 million in China and 212 million in Nigeria - smart city platforms are key to efficient urban management. More than half (55%) of the global population currently live in urban areas; a percentage expected to increase to 70% by 2050.
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Who Are the Key Players Driving Smart City Platforms Global Market Report 2025 Growth?
• 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.
What Are The Key Trends In The Smart City Platforms Global Market Report 2025?
• Open data initiatives and interoperability
• Resilience and disaster management integration
• Smart infrastructure development
• Public-private partnerships for implementation
• Artificial intelligence for predictive analytics
What Are The Segments Of The Global Smart City Platforms Global Market Report 2025?
• By Offering: Platforms, Services
• By Deployment Model: On Premise, Cloud
• By Delivery Model: Offshore, Hybrid, Onshore
• By Application: Smart Infrastructure, Smart Governance and Smart Education, Smart Energy, Smart Mobility, Smart Healthcare, Smart Buildings, Other Applications
Which Region Leads The Smart City Platforms Global Market Report 2025?
North America spearheads the smart city platforms market, standing as the largest contributor in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Smart City Platforms Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Smart City Platforms Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart City Platforms Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart City Platforms Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart City Platforms Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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