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Global Smart Cities Market by Component, by Application, Technology, Emerging Trends, Growth, Size, Share and forecast 2014-2024

IoT as a Key Smart City Enabler is driving the global Smart Cities market.

Global Smart Cities Market: Overview

The Global Smart Cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence (AI), personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, increase in residential preference towards adoption of advanced information and communication technologies (ICT) escalates the future market growth.

Sample copy of Study Report for Overview of Global Market is [email protected] https://bit.ly/2GP7ymr

With the rise of innovation and digitalization of industry applications, particularly in the residential sector, countries across the globe are actively looking for solutions to balance economic, technological and social development. With increase in population, data is also becoming more readily available now-a-days. Communities are turning to innovative information communication technologies (ICT) to re-imagine the way in which people of the residents live, work or play. IoT is playing a significant role in driving safer and smarter cities from changing the vision into reality.

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global smart cities market.

Global Smart Cities Market: Key Stakeholders

  • Educated Citizens
  • Business Owners
  • Public Interest Group
  • Municipal Authorities
  • Professional Service Providers
  • Utility / Service Providers
  • Academic and Research Institutes
  • Security Equipment Providers
  • Software & Hardware Providers
  • Telecommunication Providers
  • Cloud Service Providers
  • Real Estate Builders
  • Safety Standard Providers
  • Investors

View Complete Table of Content Having Unique Analysis on Several Factors: https://bit.ly/2BEvdCE

Global Smart Cities Market: Research Summary

According to BlueWeave Consulting, the key findings of the report “Global Smart Cities Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

  • As per the research, hardware components have been the largest revenue generators in the global smart cities market, as compared to others. Also, among various types of applications, smart governance was the largest revenue contributor in 2017. Moreover, among the smart utilities category, smart energy applications is expected to continue contributing the largest revenue, during the forecast period
  • Europe has been the largest revenue contributor to this market. According to the research, the region is expected to lead this market over a longer period. Cities in Europe such as Italy and the U.K. have been deploying smart cities solutions from ages, which makes the region forerunner in this industry
  • However, the markets in Asia-Pacific, particularly cities in the Asian region are expected to witness fastest growth during the forecast period. The upsurge in urbanization, along with purposed investment in smart cities coupled with changing consumer preferences, is expected to boost the growth rate of smart cities market in the region

Global Smart Cities Market: Research Methodology

Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, One Source, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global smart cities market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Global Smart Cities Market: Competitive Dynamics

Many new players have entered into this market along with several small and medium players. The leading players are focusing especially on technological improvements through organic and inorganic growth strategies. Some of the major companies operating in this industry include IBM Corporation, The ADT Corporation, Cisco Systems Inc., Oracle Corporation, AT&T Inc., SAP SE, Intel Corporation, General Electric, Schneider Electric SE, and Xerox Corporation.

View Complete Study Report on Global Smart Cities Market:
https://www.blueweaveconsulting.com/global-smart-cities

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BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. Our primary forte lies in publishing more than 100 research reports annually. We have a seasoned team of analysts working only for various sub-domains like Chemical and Materials, Information Technology, Telecommunication, Medical Devices/Equipment, Healthcare, Automotive and many more. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.

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