According to a new market research report “Smart City Platforms Market by Offering (Platforms (Connectivity Management Platform, Integration Platform, Device Management Platform, Security Platform, and Data Management Platform) and Services), Delivery Model, and Region – Global Forecast to 2025″ published by MarketsandMarkets, the smart city platforms market size is expected to grow from USD 138.7 billion in 2020 to USD 236.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period. The major growth drivers for the market include exponentially rising urban population actuating smart management, rising preference for platforms over standalone solutions, increasing adoption of the IoT technology for infrastructure management and city monitoring, and rising digital transformation initiatives driving the smart cities.
Browse and in-depth TOC on “Smart City Platforms Market”
179 – Tables
49 – Figures
247 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236996337
Among platform types, the connectivity management platform to grow at the highest CAGR during the forecast period
The connectivity management platform enables enterprises to deploy end-to-end connectivity solution delivering seamless integration. This platform reduces additional costs and operational overheads while delivering an intelligent network of connected things. The connectivity management platform is estimated to show the highest market share in 2018 and expected to witness strong growth characteristics in the coming years. This dominance is characterized by the ongoing smart city developments specifically in the developing regions.
Among services, the managed services segment is expected to grow rapidly during the forecast period
Managed services assist clients in outsourcing smart city platforms to service providers for efficiently managing their key operations of smart city infrastructure. Companies are rapidly handing over their smart city infrastructure and asset security to specialized service providers, such as Managed Security Service Providers (MSSPs). Managed services secure data generated from the infrastructure and ensure data confidentiality, integrity, and availability.
Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=236996337
In terms of regions, North America is expected to account for the largest market size during the forecast period
North America is expected to be the major revenue contributor to the smart city platforms market. The growth in this region is expected to be driven by the increasing demand for smart cities solutions, such as connected vehicles, building energy optimization, and distribution management system. Moreover, the US is one of the major countries which took up the smart city initiatives and have made notable developments in the smart city space. The deployment of smart cities solutions in different segments, such as smart transportation, smart buildings, smart utilities, and smart citizen services, is already on the rise in APAC.
In the smart city platforms market, the key and emerging market players include Alibaba (China), AWS (US), Bosch.io (Germany), CIMCON Lighting (US), Cisco (US), Ericsson (Sweden), Fujitsu (Japan), Fybr (US), Google (US), Hitachi (Japan), Huawei (China), IBM (US), Intel (US), KaaIoT Technologies (US), Microsoft (US), NEC (Japan), Oracle (US), SAP (Germany), Schneider Electric (France), SICE (Spain), Siemens (US), Sierra Wireless (Canada), Siradel (France), Smarter City Solutions (Australia), thethings.iO (US), and Ubicquia (US).
Browse Adjacent Markets @ Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com