DUBLIN, June 14, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart City Market to 2025 - Global Analysis and Forecast by Industry Verticals" report to their offering.
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.
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 cities. Transportation is another major growing focus area during the forecast period.
The report focuses on an in-depth segmentation of this 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 cities market in 2015; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
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 cities 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 market for smart cities. The region is expected to lead the market with highest CAGR during the forecast period. Some of the key players of smart cities market include ABB, Accenture, Cisco, Ericsson, GE, IBM, Oracle, Microsoft, Schneider Electric and Siemens, among others.
Key Topics Covered:
1 Tables & Figures
2 Introduction
3 Key Takeaways
4 Smart City Market Landscape
4.1 Overview
4.2 Market Segmentation
4.1 PEST Analysis
5 Global Smart Cities Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Gradual Shift in Urbanization
5.1.2 Thriving Demand for Reduced Energy Consumption
5.1.3 Rise in Technological Innovations
5.2 Key Market Restraints
5.2.1 Lack of Standardization
5.2.2 Lack of Critical Security Aspects
5.3 Key Market Opportunities
5.3.1 Integration of technology with present services
5.3.2 IoT: A Revolutionary Trend
5.4 Future Trends
5.4.1 Application of artificial intelligence to public security
5.4.2 Enhanced Services
5.5 Impact Analysis
6 Smart City Market to 2025 - Global
6.1 Global Smart City Market Overview
6.2 Global Smart City Market Forecast and Analysis
7 Global Smart Cities Market Analysis - By Industry Verticals
7.1 Overview
7.2 Smart Infrastructure
7.3 Smart Governance
7.4 Smart Energy
7.5 Smart Healthcare
7.6 Smart Transportation
7.7 Smart Education
8 Global Smart City Market - Geographical Analysis
9 Industry Landscape
9.1 Market Initiative
9.2 Merger and Acquisition
9.3 New Development
9.4 Investment Scenario
10 Competitive Landscape
10.1 Market Positioning
10.2 Product Mapping
11 Smart City Market, Key Company Profiles
- ABB Ltd.
- Accenture
- Cisco
- Ericsson
- Schneider Electric
- GE
- Microsoft
- IBM Corporation
- Oracle
- Siemens
For more information about this report visit http://www.researchandmarkets.com/research/2w8qht/smart_city_market
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