Global Smart Cities Market is Expected to Get US$ 1,202 Million By 2022

The Global Smart Cities Market is segmented on the lines of its Focus area and regional. Based on focus area segmentation it covers transportation, building, utilities, smart citizen services. The Smart Cities Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The Global Smart Cities Market is expected to exceed more than US$ 1,201.69 Million by 2022 at a CAGR of 23.1% in the given forecast period.

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The major driving factors of Global Smart Cities Market are as follows:
• Developing speed connectivity and fast telecommunication provision
• Rising demographics and hyper-urbanization
• Developing energy consumption and requirement to achieve optimum energy usage during peak hours
• Increasing trends in artificial intelligence and big data analytics
• Reduction in operational cost for smart building infrastructures in capacity expansion
• Expanding demand for integrated security and safety system for enhancing public safety
• Increasing population

The restraining factors of Global Smart Cities Market are as follows:
• Low levels of operational efficiency in emerging countries
• Absence of public knowledge and awareness
• Maintenance cost is high and initial investments is huge
• Absence of robust telecom and networking infrastructures in developing economies
• Dearth of standardized regulatory systems for energy sectors

This report provides:

1) An overview of the global market for Smart Cities Market and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.
3) Identifications of new market opportunities and targeted promotional plans for Smart Cities Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

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The scope of the report includes a detailed study of global and regional markets on Smart Cities Market with the reasons given for variations in the growth of the industry in certain regions.


Table of Contents
1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Smart Cities: Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rapid Connectivity and Fast Telecommunication Provision
5.3.1.2 Growing Demographics and Hyper-Urbanization
5.3.1.3 Growing Energy Consumption and Requirement to Achieve Optimum Energy Usage During Peak Hours
5.3.1.4 Growing Trends in Artificial Intelligence and Big Data Analytics
5.3.1.5 Decrease in Operational Cost for Smart Building Infrastructures in Capacity Expansion
5.3.1.6 Rising Demand for Integrated Security and Safety System for Enhancing Public Safety
5.3.2 Restraints
5.3.2.1 Low Levels of Operational Efficiency in Emerging Countries
5.3.2.2 Absence Or Lack of Robust Telecom and Networking Infrastructures in Developing Economies
5.3.2.3 Lack of Standardized Regulatory Frameworks for Energy Sectors
5.3.3 Opportunities
5.3.3.1 Evolution of IoT
5.3.3.2 Major Boost Up for System Integrators
5.3.3.3 Environmental Concerns and Rising Demand for Green Initiatives
5.3.3.4 Developing Economies and Emerging Hotspots for Smart Cities Technology Growth
5.3.4 Challenges
5.3.4.1 Lack of Public Awareness
5.3.4.2 Huge Initial Investment and High Maintenance Cost
6 Industry Trends
7 Smart Cities Market Analysis, By Transportation
8 Smart Cities Market Analysis, By Utilities
9 Smart Cities Market Analysis, By Building
10 Smart Cities Market Analysis, By Smart Citizen Service
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
13.1 International Business Machines Corporation
13.2 Cisco Systems, Inc.
13.3 Microsoft Corporation
13.4 Oracle Corporation
13.5 Schneider Electric SE
13.6 Siemens AG
13.7 Ericsson
13.8 Hitachi Ltd.
13.9 Huawei Investment & Holding Co., Ltd.
13.10 Toshiba Corporation

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