Press release
Smart City Market Expected to grow at the CAGR of 19.08% from 2017 to 2025
The Insight Partners
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The global smart cities market for the industry verticals is fragmented into smart healthcare, smart infrastructure, smart governance, smart transportation, smart energy, and smart education. The segmentation is based upon various aspects of smart cities. Smart infrastructure accounts largest market share of smart cities industry verticals market and is expected to continue its dominance throughout the forecast period. The concept of smart infrastructure is an approach that is contemporary in urban planning and design for sustainable infrastructure development because of its integrated ICT approach adopted for sustainable development. As the adoption and deployment of smart objectives wide spreads across the globe, the market for each individual industry vertical in smart cities market is also anticipated to grow.
Technology integration helps cities to improve efficiency, enhance their economic potential, reduce costs, open the door to new business and services, and improve the living conditions of its citizens. A key condition for value creation through integration is the compatibility of technologies; which is best achieved through common and consensus-based standards that ensure interoperability.
Some of the major players influencing smart cities market are ABB, Accenture, Cisco, Ericsson, GE, IBM, Oracle, Microsoft, Schneider Electric and Siemens, among others.
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The report segments the global smart cities market as follows:
Global Smart Cities Market – By Industry Verticals
Smart Infrastructure
Smart Energy
Smart Healthcare
Smart Governance
Smart Education
Smart Transportation
Global Smart Cities Market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K.
Rest of Europe
Asia Pacific (APAC)
Japan
China
India
Australia
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
South America (SAM)
Brazil
Rest of SAM
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Email: sales@theinsightpartners.com
About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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