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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:

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New York City, NY 10007
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E-mail id- [email protected]

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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 Set for Rapid Growth and Trend by 2025

The  Smart Cities Market report offers the global market potential rates of the  Smart Cities Market along with various product segments.

A complete research offering of comprehensive analysis of the market share, size, recent developments, and trends can be availed in this latest report by Big Market Research.

As per the report, the Global Smart Cities Market is anticipated to witness significant growth during the forecast period from 2020 to 2025.

The report provides brief summary and detailed insights of the market by collecting data from the industry experts and several prevalent in the market. Besides this, the report offers a detailed analysis of geographical areas and describes the competitive scenario to assist investor, prominent players, and new entrants to obtain a major share of the global Smart Cities market.

Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement. 

Key highlights from COVID-19 impact analysis:

  • A summary of the COVID-19 pandemic on the global economy.
  • Fluctuations in the demand and supply chain of the industry.
  • Pre and post-COVID-19 impact on the revenue matrix.

Request a sample of this premium research: https://www.bigmarketresearch.com/request-sample/4050429?utm_source=KBN&utm_medium=Rajashree

The report presents a summary of each market segment such as type, end-user, applications, and region. With the help of pie charts, graphs, comparison tables, and progress charts a complete overview of the market share, size, and revenue, and growth patterns areaccessible in the report.

Additionally, an outline of each market segments such as end user, product type, application, and region are offered in the report.The market across various regions is analyzed in the report which includes North America, Europe, Asia-Pacific, and LAMEA.The report explains future trends and growth opportunities in every region. These insights help in understanding the global trends in the market and form strategies to be implemented in the future. Moreover, the research report profiles some of the leading companies in the global Smart Cities industry. It mentions their strategic initiatives and offers a brief about their business. Some of the players profiled in the global Smart Cities market include:

Key players in the Smart Cities covers : 
Sekisui House
AT&T
Siemens
Huawei
Schneider Electric
Oracle
Kawasaki Heavy Industries
Atkins
Ericsson
ABB Group
Hitachi
IBM
Johnson Controls
Tokyo Gas
Accenture
Vodafone
Telefónica
Verizon Wireless
Toshiba
Microsoft
NEC Corporation
Legrand SA
Cisco Systems
GE
Intel

Analysts have also stated the research and development activities of these companies and provided complete information about their existing products and services. Additionally, the report offers a superior view over different factors driving or constraining the development of the market.

The Smart Cities can be split based on product types, major applications, and important countries as follows:

The basis of applications, the Smart Cities from 2015 to 2025 covers: 
Smart Governance & Smart Education
Smart Energy
Smart Infrastructure
Smart Mobility
Smart Healthcare
Smart Building
Smart Citizen
Smart Technology

The basis of types, the Smart Cities from 2015 to 2025 is primarily split into: 
Hardware
Software
Services

Request a discount on standard prices of this premium research: https://www.bigmarketresearch.com/request-for-discount/4050429?utm_source=KBN&utm_medium=Rajashree

The report clearly shows that the Smart Cities industry has achieved remarkable progress since 2025 with numerous significant developments boosting the growth of the market. This report is prepared based on a detailed assessment of the industry by experts. To conclude, stakeholders, investors, product managers, marketing executives, and other experts in search of factual data on supply, demand, and future predictions would find the report valuable.

Other important inclusions in the Lung-on-a-chip market report:

  • Key player players profiled in the Smart Cities market
  • The report uncovers the production patterns and remuneration of each company across their territories.
  • In-depth company profile along with remuneration, pricing model, gross margins, and all other financial aspects are given as well.
  • Revenue share and sales volume estimates of each product type are validated in the report.
  • Substantial information concerning the production pattern, growth rate, and market share of each product type over the analysis period are underlined.
  • The research document also divides the Smart Cities market based on the application scope.
  • The market share of each application together with their individual growth rate are listed.
  • Insights about the competitive dynamics, along with an analytical review of the industry supply are provided.
  • It further includes Porter’s five forces analysis as well as SWOT analysis to evaluate the feasibility of a new project.

Reasons To Buy:

  • Analyzing the outlook of the market with the recent trends and SWOT analysis
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Years considered for this report:

  • Historical Years: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2020-2025

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