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Smart Cities Market To Witness Incremental Dollar Opportunity Of US$ 900 Bn In The Next 10 Years

The United Nations data suggests that the proportion of people living in cities across the world will rise from approximately 50% in 2018 to 75% in 2050. This rise in urban population impacts overall infrastructure and resources as governments are trying to cope up with the influx of new inhabitants and improve their living standards. They are thus looking forward to development of smart cities, with key focus on digital transformation of urban ecosystem to meet environmental, financial, and social outcomes. In line with this, the global smart cities market was valued at ~US$ 900 Bn in 2018, and is projected to expand at a whopping 18% CAGR during the forecast period (2019-2029).

However, lack of infrastructure development in various countries of the Middle East & Africa and Latin America, coupled with high price point associated with replacement of existing infrastructure with smart infrastructure, will remain thee key factors limiting the growth of smart cities market.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/12667

Key Takeaways – Smart Cities Market Study

  • Providers of smart cities solution are eyeing expansions in Asia Pacific due to increasing adoption of digital technology and rising demand for smart solutions.
  • Governments are focusing on integrating cloud, mobile, and Big Data technologies in new smart cities to streamline projects and generate new revenue streams.
  • Continuous implementation of devices and technologies, such as sensors, cameras, robots, IoT, and artificial intelligence (AI), is resulting in a connected environment.
  • Smart security application in smart cities is projected to increase at a CAGR of ~22% during the forecast period.

As the smart cities market is continuously becoming more competitive and diverse, continuous developments of the digital ecosystem in and around cities will create potential opportunities for businesses and governments to deploy new services and solutions. Moreover, public private partnerships and collaborations aiming at delivering infrastructure and services specific to smart cities will shape the market growth through specialized skills and high capital investments.

For critical insights on the keyword market, request for methodology here @ https://www.persistencemarketresearch.com/methodology/12667

Focus of Key Players on Product Innovation

Key players in the smart cities market are

  • Cisco Systems
  • AT&T
  • Microsoft Corporation
  • IBM Corporation
  • Ericsson
  • Siemens AG
  • Schneider Electric
  • Huawei Technologies
  • General Electric
  • Signify

They captured around 45-50% of the total market share in terms of value in 2018. These companies are focusing on product innovations through partnerships and collaborations with local and regional players to enhance their geographic footprints. In January 2019, Cisco Systems formed a partnership with Iteris to deploy an edge-processing IoT solution in the city of Las Vegas, improve traffic flow, and reduce congestion.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

Categories
All News Coronavirus News

Demand for Smart Cities Market to Substantially Increase During 2019 – 2029 in Top Regional Markets

The United Nations data suggests that the proportion of people living in cities across the world will rise from approximately 50% in 2018 to 75% in 2050. This rise in urban population impacts overall infrastructure and resources as governments are trying to cope up with the influx of new inhabitants and improve their living standards. They are thus looking forward to development of smart cities, with key focus on digital transformation of urban ecosystem to meet environmental, financial, and social outcomes. In line with this, the global smart cities market was valued at ~US$ 900 Bn in 2018, and is projected to expand at a whopping 18% CAGR during the forecast period (2019-2029).

However, lack of infrastructure development in various countries of the Middle East & Africa and Latin America, coupled with high price point associated with replacement of existing infrastructure with smart infrastructure, will remain thee key factors limiting the growth of smart cities market.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/12667

Key Takeaways – Smart Cities Market Study

  • Providers of smart cities solution are eyeing expansions in Asia Pacific due to increasing adoption of digital technology and rising demand for smart solutions.
  • Governments are focusing on integrating cloud, mobile, and Big Data technologies in new smart cities to streamline projects and generate new revenue streams.
  • Continuous implementation of devices and technologies, such as sensors, cameras, robots, IoT, and artificial intelligence (AI), is resulting in a connected environment.
  • Smart security application in smart cities is projected to increase at a CAGR of ~22% during the forecast period.

As the smart cities market is continuously becoming more competitive and diverse, continuous developments of the digital ecosystem in and around cities will create potential opportunities for businesses and governments to deploy new services and solutions. Moreover, public private partnerships and collaborations aiming at delivering infrastructure and services specific to smart cities will shape the market growth through specialized skills and high capital investments.

Focus of Key Players on Product Innovation

Key players in the smart cities market are

  • Cisco Systems, Inc.
  • Microsoft Corporation
  • IBM Corporation
  • General Electric 
  • AT&T
  • Ericsson
  • Huawei Technologies Co., Ltd.
  • Oracle Corporation
  • Panasonic Corporation 
  • SAP
  • Siemens AG
  • Schneider Electric 
  • Signify 
  • Hitachi Vantara 

 They captured around 45-50% of the total market share in terms of value in 2018. These companies are focusing on product innovations through partnerships and collaborations with local and regional players to enhance their geographic footprints. In January 2019, Cisco Systems formed a partnership with Iteris to deploy an edge-processing IoT solution in the city of Las Vegas, improve traffic flow, and reduce congestion.

 

More About the Smart Cities Market

PMR, in its new offering, offers an unbiased analysis of the global smart cities market, analyzing historical demand from 2014-2018 and forecast statistics of 2019-2029. The study unravels growth projections of the smart cities market on the basis of component (hardware, software, and service), and application (smart security, smart building, smart transportation, smart governance, smart energy, smart healthcare, smart water network system, and smart education), across seven major regions.

 

About Electronics, Semiconductor & ICT Division at Persistence market Research

Expert analysis, actionable insights, and strategic recommendations – the IT & Telecommunication team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductor & ICT, we offer a range of consulting and research services for businesses, with opportunities in the IT & telecommunication sector and wireless technologies. With analytical capabilities of our in-house industry experts, we help clients in developing successful operational plans and strategies.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

Categories
All News Coronavirus News

Demand for Smart Cities Market to Substantially Increase During 2019 – 2029 in Top Regional Markets

The United Nations data suggests that the proportion of people living in cities across the world will rise from approximately 50% in 2018 to 75% in 2050. This rise in urban population impacts overall infrastructure and resources as governments are trying to cope up with the influx of new inhabitants and improve their living standards. They are thus looking forward to development of smart cities, with key focus on digital transformation of urban ecosystem to meet environmental, financial, and social outcomes. In line with this, the global smart cities market was valued at ~US$ 900 Bn in 2018, and is projected to expand at a whopping 18% CAGR during the forecast period (2019-2029).

However, lack of infrastructure development in various countries of the Middle East & Africa and Latin America, coupled with high price point associated with replacement of existing infrastructure with smart infrastructure, will remain thee key factors limiting the growth of smart cities market.

To remain ‘ahead’ of your competitors, request for a sample [email protected] https://www.persistencemarketresearch.com/samples/12667

Key Takeaways – Smart Cities Market Study

  • Providers of smart cities solution are eyeing expansions in Asia Pacific due to increasing adoption of digital technology and rising demand for smart solutions.
  • Governments are focusing on integrating cloud, mobile, and Big Data technologies in new smart cities to streamline projects and generate new revenue streams.
  • Continuous implementation of devices and technologies, such as sensors, cameras, robots, IoT, and artificial intelligence (AI), is resulting in a connected environment.
  • Smart security application in smart cities is projected to increase at a CAGR of ~22% during the forecast period.

As the smart cities market is continuously becoming more competitive and diverse, continuous developments of the digital ecosystem in and around cities will create potential opportunities for businesses and governments to deploy new services and solutions. Moreover, public private partnerships and collaborations aiming at delivering infrastructure and services specific to smart cities will shape the market growth through specialized skills and high capital investments.

Focus of Key Players on Product Innovation

Key players in the smart cities market are

  • Cisco Systems, Inc.
  • Microsoft Corporation
  • IBM Corporation
  • General Electric 
  • AT&T
  • Ericsson
  • Huawei Technologies Co., Ltd.
  • Oracle Corporation
  • Panasonic Corporation 
  • SAP
  • Siemens AG
  • Schneider Electric 
  • Signify 
  • Hitachi Vantara 

 They captured around 45-50% of the total market share in terms of value in 2018. These companies are focusing on product innovations through partnerships and collaborations with local and regional players to enhance their geographic footprints. In January 2019, Cisco Systems formed a partnership with Iteris to deploy an edge-processing IoT solution in the city of Las Vegas, improve traffic flow, and reduce congestion.

 

More About the Smart Cities Market

PMR, in its new offering, offers an unbiased analysis of the global smart cities market, analyzing historical demand from 2014-2018 and forecast statistics of 2019-2029. The study unravels growth projections of the smart cities market on the basis of component (hardware, software, and service), and application (smart security, smart building, smart transportation, smart governance, smart energy, smart healthcare, smart water network system, and smart education), across seven major regions.

 

About Electronics, Semiconductor & ICT Division at Persistence market Research

Expert analysis, actionable insights, and strategic recommendations – the IT & Telecommunication team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductor & ICT, we offer a range of consulting and research services for businesses, with opportunities in the IT & telecommunication sector and wireless technologies. With analytical capabilities of our in-house industry experts, we help clients in developing successful operational plans and strategies.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

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Smart Cities Market 2020: Value (US$ Billion), Volume Analysis, Competitive Landscape, Company Profiles, Business Opportunities Till 2025

Introduction & Scope: Global Smart Cities Market
This in-depth research offering entailing key developments in Global Smart Cities Market have demonstrated extensive information pertaining to detailed coverage, with appropriate references of definition, application and regional scope.

This well-researched market output delivers pertinent details on various concurrent developments in Global Smart Cities Market, besides also taking account of the historical events and player investments undertaken by frontline players as well as key competitors in the competitive landscape of Global Smart Cities Market.

Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/4051677?utm_source=Atish

Competitive Landscape: Global Smart Cities Market
Further in the report, readers are presented with minute details pertaining to significant company profiles, product development, on pricing, production and vital information on raw material and equipment developments also form crucial report contents.

Key Players Mentioned in the report:
This report focuses on the global top players, covered
IBM
Cisco
Microsoft
Oracle
Schneider Electric
Siemens
Ericsson
Hitachi
Huawei
Toshiba
GE
Google
Honeywell
HP

COVID-19 Specific Market Analysis
Persistent and unbiased research practices by our in-house seasoned researchers opine that the Global Smart Cities Market is en route to decent growth spurt through the forecast span, 2020-25, significantly outshining the temporary growth depression with sudden COVID-19 outrage.

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The report is well-comprehended to serve as a ready-to refer guide to keen market participants aiming for significant breakthrough in Global Smart Cities Market.

Market Analysis by Types and Applications:

Types:
Segment by Type, the product can be split into
Solution
Services

Applications:
By Application, the market can be split into
Smart security
Smart infrastructure
Smart energy
Smart governance and smart education
Smart building
Smart healthcare
Smart mobility

Regional Overview: Global Smart Cities Market
This dedicated section thoroughly follows and illustrates key developments across various growth hubs within developed and emerging markets. The report specifically sheds light upon note-worthy business discretion, popular trends investment probabilities aligning with budding opportunities as well as breakthrough developments in policies and monetary inclination echoing investor preferences.

Browse the complete report @ https://www.orbisresearch.com/reports/index/global-smart-cities-market-report-history-and-forecast-2014-2025-breakdown-data-by-companies-key-regions-types-and-application?utm_source=Atish

Countries:

3-Pointer Guide for Report Investment:
The report highlights key developments on purchaser related developments
The report follows systematic segregation of the market for maximum reader comprehension
The report also takes a detailed tour of historical developments that favored growth in Global Smart Cities Market

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