Press release
Global Smart City ICT Infrastructure Market 2018-Increasing Partnership among Countries To Promote Smart Cities Will Gain Revenue for Market
Research analysis on the global smart city ICT infrastructure market identifies that the increased need for smart cities will be one of the major factors that will have a positive impact on the growth of this market. The increase in urbanization has led to the increasing living standards, which in turn, raised the demand for efficient ICT infrastructure and planning. Additionally, it has also raised concerns about waste management, air pollution, general health concerns, and aging infrastructure. This need for the transformation of the existing ICT infrastructure and the growing urbanization will propel the demand for smart cities, which will subsequently drive the market’s growth prospects during the forecast period.
The increasing partnership among countries to promote smart cities will be one of the latest trends that will gain traction in the smart city ICT infrastructure market during the next four years. Recently, Kuwait announced an agreement with South Korea to build smart city in Kuwait. The Chief Minister of one of the states in India also focused on the potential opportunities of BRICS nations to cooperate in developing smart cities and related infrastructure. The rise in such projects will improve the development of smart cities, which will subsequently boost the market’s growth prospects
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Industry Highlights
Rapid industrialization is one of the key factors driving the growth of this market globally. Industrialization leads to various engineering, social, economic, management, and environmental challenges and to overcome these problems, development of smart cities is required. A smart city encompasses aspects of sustainability, energy management, intelligent transport, security, and environmental protection. Moreover, with the rise in migration from rural areas to cities and urban areas, the need for efficient ICT infrastructure and planning is increasing.
In this industry research report, the analysts have estimated factors such as the increasing availability of self-help smart applications to bolster the growth prospects for this market. Companies that provide automation solutions are increasingly introducing user-friendly programming platforms that are used to deploy several self-help applications which are a prerequisite for automating smart cities and improving their serviceability. With distinct programming solutions, end users can set controls to be switched on or off at specified times, thereby minimizing the need for human interference. For example, self-help smart applications such as a smart thermostat, video monitor, or smoke detector are used as smart home devices.
Top Industry Player’s
IBM, Huawei, AT&T, Cisco Systems, Oracle, NTT Communications, Vodafone, China Mobile, ABB, Hitachi, Verizon Communications, Honeywell International, Siemens, Schneider Electric, Toshiba, HP, Deutsche Telekom, Accenture, Nokia, Ericsson, Microsoft
The global Smart City ICT Infrastructure market will reach xxx Million USD in 2017 and CAGR xx% 2011-2017. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart City ICT Infrastructure by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
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Market Segments
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
• Smart Grid
• Smart Healthcare
• Smart Transport
• Smart Water Network
• Smart Building
• Smart Education
• Smart Security
Region Coverage (Regional Output, Demand & Forecast by Countries etc.)
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
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