A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.
Scope of the Report:This report studies the Smart City market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Smart City market by product type and applications/end industries.
The smart infrastructure sector will be the largest segment in the market. The rising adoption of smart water management systems, which are based on ICT (information and communications technology), will be one of the main drivers for the growth of this segment. These smart water management systems collect real-time information on water leakage and assist in the prevention of water loss.
Smart city market analysis predicts EMEA will dominate the market. The availability of high-speed wireless networks and the introduction of smart grids enables the increased adoption of sensors in the automotive and healthcare sectors. Also, huge investments by the government for the implementation of intelligent traffic systems and development of smart homes will help in the evolution of the market.
The global Smart City market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Smart City.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers ABB
AT&T
Europe Mobile
Cisco
Hitachi
Honeywell
Huawei
IBM
NTT Communications
Oracle
Siemens
Verizon Communications
Vodafone
Accenture
Alcatel-Lucent
Ericsson
HP
Microsoft
Schneider Electric
Telefonica
Toshiba
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Smart Security
Smart Infrastructure
Smart Energy
Smart Education
Smart Building
Smart Healthcare
Other
Market Segment by Applications, can be divided into Communications Industry
Transportation Industry
Express Industry
Government
Education
Other
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
