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Global Smart City IndustryAnalysts forecast the global smart city market to grow at a CAGR of 19.65% during the period 2016-2020. A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart city market for 2016-2020. To calculate the market size, the report considers the revenue obtained from components such as smart security, smart infrastructure, smart energy, smart governance, smart education, smart building, smart healthcare, and smart mobility.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Smart City Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ABB
• Cisco
• Ericsson
• GE
• Huawei Technologies
• IBM
• Microsoft
• Oracle
• Schneider Electric
• Siemens
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Other prominent vendors
• Accenture
• Aeris Communications
• Alcatel-Lucent
• Digi International
• HCL
• Hitachi
• Honeywell International
• HP
• Jasper Technologies
• KORE Wireless
• LG
• Mercedes-Benz
• NEC
• Novatel Wireless
• NTT DATA
• SAP
• Sierra Wireless
• Telefonica
• Vodafone
• Wipro
Market driver
• Enhanced global broadband connectivity
• For a full, detailed list, view our report
Market challenge
• High cost of upgrading smart grids
• For a full, detailed list, view our report
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Market trend
• Presence of strategic alliances in smart city market
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Website: https://www.wiseguyreports.com/reports/676781-global-smart-city-market-2016-2020
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