-- The global smart cities market accounted for US$ 773.19 Billion in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017-2025, to account for US$ 3651.49 Billion in 2025.
The smart infrastructure technology has significantly changed over time, and various disciplines such as building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems, are now being widely adopted. Furthermore, Green building initiatives have taken up a center stage across many countries, especially across the Europe, North America, and APAC region. Focus on reduction in energy consumption and concerns over proliferation of environmental wastes are the major driving factors for development of smart cities. Transportation is another major growing focus area during the forecast period.
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The report focuses on an in-depth segmentation of this market based by industry verticals. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By industry vertical smart infrastructure sector accounted for the largest share of the smart cities market in 2015; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global smart cities market with detailed market segmentation. Also, it analyzes the current smart cities market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis for all regions, and SWOT analysis for all company profiled in the report.
Complete Report is Available at http://www.theinsightpartners.com/reports/smart-city-market-research-report
North America is one of the prominent regions in smart cities market which will contribute highest revenue globally due to technological developments and considerable implementation of smart cities concept in different industry vertical segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in IT sector will pave the path for increasing adoption and propel the market for smart cities. The region is expected to lead the market with highest CAGR during the forecast period.
List of Companies: ABB Ltd., Accenture, Cisco, Ericsson, Schneider Electric, GE, Microsoft, IBM Corporation, Oracle and Siemens.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global smart cities market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the smart cities market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Technology, Media, and Telecommunication.
Contact Info:
Name: Sameer Joshi
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Organization: The Insight Partners
Phone: +1-646-491-9876
Website: http://www.theinsightpartners.com/reports/smart-city-market-research-report
Release ID: 326242
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