Global Smart City Market is Expected to Experience Hike of CAGR 30.35% During 2018 – 2022

The Smart City Market statistical report, published by Market Research Future contains succinct information on the Smart City market , segmented by application (utility, transport, government, residential, education, healthcare, and others) and forecast from 2016-2022. The various factors driving the smart city market are increasing urbanization, a large aging population, and increasing environment concern & resource scarcity.

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Smart Cities are developed to effectively manage, co-ordinate and reserve city’s assets and resources by using various technologies such as internet of things, artificial intelligence automation and others. The smart city’s assets include various smart utility solutions such as smart waste management, and smart lighting. Apart from utility solutions, they include transport solutions, healthcare solutions, education and others. Smart Cities aim to provide innovative solutions in all possible fields.
Transport Smart City Market by Application is expected to reach USD 426.36 Billion by 2022 with a CAGR of 30.35%

Table of Contents
1. Info graphics Information
1.1 Global Smart City Market, By Application, 2016 VS 2022 (USD Billion)
2. Introduction
3. Global Smart City Market, By Application, Market Data
List of Tables
Table 1 Global Smart City Market, By Application, 2016-2022 (USD Billion)
List of Figures
Figure 1 Global Smart City Market, By Application, 2016-2022, (USD Billion)

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Browse similar research report of “Global Smart City Market Component Segment Outlook- Forecast to 2022”

The Smart City Market statistical report, published by Market Research Future contains succinct information on the Smart City market, segmented by Component (hardware, software, service) and forecast from 2016-2022. The various factors driving the Smart City market are Increasing Urbanization, large aging population, increasing environment concern and resource scarcity.
The use of information communication technology and internet of things to effectively manage and co-ordinate the city’s assets, is referred to as the Smart City. The smart city market is segmented on the basis of components into hardware, software and service sub-segment. The hardware segment is dominating the global smart city market during the forecast period. The hardware component, within the smart city market by components, has generated the highest revenue due to the large requirement of hardware components of gathering data required for the analysis.
Software Smart City Market by Component is expected to reach USD 800.11 Million by 2022 with a CAGR of 30.65%

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