Press release
Report: Smart Cities Market Manufacturing, Cost Analysis, Price Trend, Positive Growth Report
The Study Paper On key vendors in Smart Cities Market includes Siemens, Intel, Honeywell, Cubic, Cisco, ABB, Accenture, Alcatel-Lucent, and IBM.The developments of smart cities are carried out in large phases to address the need of public safety, urban mobility, street lightning, energy and water management. The entire structure is supported by latest innovation in IT that includes data analytics, sensor monitoring, cloud computing and wireless communication. Regardless of barriers, the innovation that leads to the introduction of smart houses is largely dependent on mobile platforms.
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The rising rate of global population on account of demographic shifts, utilization of new technologies, and urbanization have brought in the realization of innovating new cities capable enough of keeping up the pace with globalization. As regions becomes more inclined towards developing manufacturing capabilities, inward migration of existing population to adore employment and urban lifestyle is catering the development of smart cities at large. Smart cities are a part of organized flow of information technologies in buildings which are integrated to add value for sustainable living. The use and compilation of various electronic data that are initiated by sensors acts as a source in order to manage resources and assets judiciously.
Some of the major drivers include fast telecom provisions, rapid connectivity, and hyper-urbanization which are anticipated to play a crucial role in the markets deploy and development. Globally, developed cities are implementing the need of smart solutions in various sectors such as utilities, transportation, citizen services and buildings in order to gain optimal utilization of energy, better standard of living and economic stability.
Rise in solutions such as guidance systems, passenger information system, parking management, ticketing management, and traffic management is expected to favour the transportation segment over the next few years. Application of smart grids in optimizing the energy consumption by integration of communication infrastructure and intelligent systems is expected to play a major role in the merger of power technologies and ICT.
By application
• Smart security
• Smart energy management
• Smart healthcare
• Industrial automation
• Smart buildings
• Smart homes
• Smart transportation
• Others
By Component
• Hardware
• Software
• Services
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The demand for smart cities in Asia pacific region is likely to be propelled by China and India on account of government policies to curb pollution and increasing energy & environmental instability. Increasing investment in infrastructure to develop green buildings across Europe is expected to be a promising market for investors in the near future.
Key point form Table of Content
5 Global Smart Cities Market Analysis by Application
5.1 Global Smart Cities Consumption and Market Share by Application (2011-2021)
5.2 Major Regions Smart Cities Consumption by Application in 2015 and 2016
5.2.1 North America Smart Cities Consumption by Application
5.2.2 Europe Smart Cities Consumption by Application
5.2.3 China Smart Cities Consumption by Application
5.2.4 Japan Smart Cities Consumption by Application
5.2.5 India Smart Cities Consumption by Application
5.2.6 Southeast Asia Smart Cities Consumption by Application
5.3 Global Smart Cities Consumption Growth Rate by Application (2011-2021)
5.4 Market Drivers and Opportunities
5.4.1 Potential Applications
5.4.2 Emerging Markets/Countries
7 Smart Cities Technology and Development Trend
Smart Cities Technology Analysis
Smart Cities Technology Development Trend
8 Research Findings and Conclusion
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Key takeaways of the application segment of the global smart cities market
High growth rate is expected in the first half of the assessment period due to major investments being made by governments in various smart cities technologies
The first half of the forecast period will witness installation of a large number of smart cities solutions across all the regions, thereby leading to a high growth rate
Smart energy segment accounted for the largest revenue share and was valued in excess of US$ 100 Bn in 2015. However, the smart security segment is expected to overtake this segment by 2026 end, accounting for 4% of the global revenue share
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