The smart infrastructure technology has significantly changed over time, and various disciplines such as building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems, are now being widely adopted. Furthermore, Green building initiatives have taken up a center stage across many countries, especially across the Europe, North America, and APAC region. Focus on reduction in energy consumption and concerns over proliferation of environmental wastes are the major driving factors for development of Smart city. Transportation is another major growing focus area during the forecast period.
The global Smart Cities Market accounted for US$ 773.19 BN in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 – 2025, to account for US$ 3651.49 BN in 2025.
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The report focuses on an in-depth segmentation of Smart Cities Market based by industry verticals. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By industry vertical smart infrastructure sector accounted for the largest share of the Smart city market in 2015; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global Smart Cities Market with detailed market segmentation. Also, it analyzes the current Smart city market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The Smart Cities Market report also provide PEST analysis for all regions, and SWOT analysis for all company profiled in the report.
Leading Smart Cities Market Players:
1. ABB Ltd.
5. Schneider Electric
8. IBM Corporation
North America is one of the prominent regions in Smart Cities Market which will contribute highest revenue globally due to technological developments and considerable implementation of Smart city concept in different industry vertical segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in IT sector will pave the path for increasing adoption and propel the Smart Cities Market. The region is expected to lead the Smart Cities Market with highest CAGR during the forecast period.
Smart Cities Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
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Reasons to Buy the Report
- The report helps the market leaders and new entrants in the Smart Cities market in the following ways:
- The report segments the market into various subsegments; hence, it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments.
- The report helps understand the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
- The report helps better understand competitors and gain more insights to strengthen organizations’ position in the market. In addition to this, the report presents the positioning of the key players based on their product offerings and business strategies.