WiseGuyReports.com adds “Smart City Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022”reports to its database.
Executive Summary
Smart city is an urban development vision comprised of information and communication technology to reform and modify city assets and resources for betterment of citizens. Increasing urbanization, growing environmental concerns and resource scarcity and high number of aging population is boosting the smart city market. The smart city vision consists of some restraints that may hamper the market growth that includes lack of telecom and network infrastructure in developing countries and high capital investment is rendering the market growth.
Smart city market is segmented on the basis of components that includes hardware, software and service. The study indicates, hardware components accounts for highest market share whereas software component is expected to be fastest growing in the smart city market. Hardware component is dominating the market owing to increased demand of hardware components for gathering data required for analysis. This data is captured by hardware components that includes sensors, counting system or other hardware equipment for analysis. For installation of every software onto any system needs the hardware components thus making it highest segment holder.
The global smart city market provides services for maintenance of hardware components required in smart cities. The service segment consists of networking services but it is observed that service segment is expected to grow once the smart cities are developed. According to the study, the emerging opportunity in the growth of smart city market includes increased adoption of internet of things (IoT) and rise in usage of big data analytics and artificial intelligence for data management is fueling the market growth.
The global smart city market had been valued at USD 446.22 billion in the year 2016, which is expected to reach USD 1933 billion by the end of the forecast period growing at ~27.68% CAGR.
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Key Players
The key players of smart city market includes Huawei Technologies Co Ltd. (China), IBM Corporation (U.S.), Cisco Systems, Inc.(U.S.), AT&T Inc. AG (U.S), Siemens AG (Germany), Oracle Corporation (U.S.) Microsoft Corporation (U.S.), Schneider Electric SE (France), Hitachi Corporation (U.S.), Ericsson (Sweden) among others.
Objective of Global Smart City Market Analysis & Forecast, from 2016 to 2022
Target Audience
Key Findings
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Regional and Country Analysis of Smart City Market Estimation and Forecast
The global smart city market is expected to grow at a promising rate during the forecast period, 2016-2022. North America is projected to have the largest market in smart city market. High adoption of internet of things, growth in high end infrastructure and focus towards energy saving and availability of efficient network connectivity is driving market in North America region. Followed by Europe region would hold a large share in the market. Asia-Pacific is expected to be the fastest growing region in smart city market due to the increasing initiatives and high investment by government.
The reports also cover country level analysis:
o US
o Canada
o Mexico
o Others
o Germany
o UK
o France
o Spain
o Italy
o Rest of the Europe
o China
o India
o Japan
o Rest of Asia-Pacific
…CONTINUED
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