Press release
Global Smart Cities Market Outlook to 2024 – Top Key Players: IBM Corporation, The ADT Corporation, Cisco Systems Inc., Oracle Corporation, AT&T Inc.
Leveraging the benefit of public-private partnerships (PPPs) as a collaborative growth solution for smart cities is also one of the key trends the global market is witnessing. As per newly growing smart cities in the Asia-Pacific region, usage of technology is dramatically improving the living standard of citizens and reducing the overall cost of living. Also, improvement in operational efficiency, environmental sustainability, eco-friendly infrastructure, smart technology such as the Internet of Things (IoT) is also taking place. However, better design and operate the future smart cities, governments are focusing on healthy PPP models.
According to a new market report published by BlueWeave Consulting, the global Smart Cities market was valued at US$ 824,774.8 Mn in 2017 and is expected to expand at a CAGR of 21.5% from 2018 to 2024, reaching US$ 3,180,358.5 Mn by the end of the forecast period. Greater involvement of the corporates and growing public-private partnerships are some of the major trends observed in this market. From past decade, electric vehicle (EV) concept has gained popularity for smart and sustainable development of urban as well as non-urban grounds due to a number of reasons, which is further firming the growth of this market.
Europe contributed the largest revenue to the global smart cities market
Globally, accounting for nearly 50% of the Smart Cities market total revenues in 2017, and is expected to remain the largest market during the forecast period as well. The market in APAC is anticipated to witness the fastest growth in the coming years as the region sees rising demand for smart cities solutions due to change in consumer preferences and rising technology development. Potential growth is also expected from the market in Latin America during the forecast period
Ask for PDF Sample of this Research Report@ https://bit.ly/2pAw5Sr
IoT as a Key Smart City Enabler is driving the global Smart Cities market
Globally, communities are turning to innovative information communication technologies (ICT) to re-imagine the way in which residents live, work and play, and the IoT is playing a growing role in driving safer and smarter cities from just a vision into reality.
As per the findings of the research, sales of hardware components have been the largest revenue generators in the global smart cities market, as compared to other software. Further, among various types of applications, smart governance was the largest revenue contributor in 2017. Also among smart utilities category, smart energy applications are expected to continue contributing the largest revenue, during the forecast period.
Scope of the Report
The global Smart Cities market is segmented on the basis of Component, and Application. On the basis of Component, the market is segmented into Hardware and Software. Hardware was the largest segment in the global craft beer market in 2017 and is estimated to witness the highest growth during 2018-2024. On the application basis, the market is segmented into Smart Governance, Smart Infrastructure, Smart Education, Smart Healthcare, Smart Security & Threats, Smart Utility, Smart Building, Smart Transportation, and Others. Smart Governance accounted for the largest segment in the global Smart Cities market in 2017.
On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East & Africa, and Latin America. Europe was the largest region in the global Smart Cities market in 2017 and it is estimated to grow over a CAGR of 19.9% during 2018-2024.
Competitive Dynamics
The research states that the global smart cities market is highly competitive, with players developing new smart cities applications and offering them through quick go-to-market strategy for higher market penetration. 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. In the recent past, partnerships have been the major recent activities in the smart cities industry.
For instance, in February 2018, Cisco and AT&T have announced a partnership for smart cities, with the networking giant to integrate its Cisco Kinetic for cities platform into various AT&T smart cities solutions, including the smart cities operations center (SCOC). The small players prevailing in this industry are focusing especially on technological improvements, and integrated and joint innovation practices to build an entirely new ecosystem for new upcoming smart cities. This would further strengthen small and medium players’ position and market presence, globally.
Market Segmentation: Global Smart Cities market
By Component
Hardware
Software
By Application
Smart Governance
Smart Infrastructure
Smart Education
Smart Healthcare
Smart Security & Threats
Smart Utility
Smart Building
Smart Transportation
Others
In addition, the report provides analysis of the baby Smart Cities diapers market with respect to the following geographic segments:
North America
Europe
Asia Pacific (APAC)
LATAM
MEA
Access Full Research Report@ https://bit.ly/2rJScH2
Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contacts: +18666586826
About BlueWeave Consulting & Research Pvt Ltd.
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
GD-69, Sector G, East kolkata Twp,
Kolkata, West Bengal
According to a new market report published by BlueWeave Consulting, the global Smart Cities market was valued at US$ 824,774.8 Mn in 2017 and is expected to expand at a CAGR of 21.5% from 2018 to 2024, reaching US$ 3,180,358.5 Mn by the end of the forecast period. Greater involvement of the corporates and growing public-private partnerships are some of the major trends observed in this market. From past decade, electric vehicle (EV) concept has gained popularity for smart and sustainable development of urban as well as non-urban grounds due to a number of reasons, which is further firming the growth of this market.
Europe contributed the largest revenue to the global smart cities market
Globally, accounting for nearly 50% of the Smart Cities market total revenues in 2017, and is expected to remain the largest market during the forecast period as well. The market in APAC is anticipated to witness the fastest growth in the coming years as the region sees rising demand for smart cities solutions due to change in consumer preferences and rising technology development. Potential growth is also expected from the market in Latin America during the forecast period
Ask for PDF Sample of this Research Report@ https://bit.ly/2pAw5Sr
IoT as a Key Smart City Enabler is driving the global Smart Cities market
Globally, communities are turning to innovative information communication technologies (ICT) to re-imagine the way in which residents live, work and play, and the IoT is playing a growing role in driving safer and smarter cities from just a vision into reality.
As per the findings of the research, sales of hardware components have been the largest revenue generators in the global smart cities market, as compared to other software. Further, among various types of applications, smart governance was the largest revenue contributor in 2017. Also among smart utilities category, smart energy applications are expected to continue contributing the largest revenue, during the forecast period.
Scope of the Report
The global Smart Cities market is segmented on the basis of Component, and Application. On the basis of Component, the market is segmented into Hardware and Software. Hardware was the largest segment in the global craft beer market in 2017 and is estimated to witness the highest growth during 2018-2024. On the application basis, the market is segmented into Smart Governance, Smart Infrastructure, Smart Education, Smart Healthcare, Smart Security & Threats, Smart Utility, Smart Building, Smart Transportation, and Others. Smart Governance accounted for the largest segment in the global Smart Cities market in 2017.
On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East & Africa, and Latin America. Europe was the largest region in the global Smart Cities market in 2017 and it is estimated to grow over a CAGR of 19.9% during 2018-2024.
Competitive Dynamics
The research states that the global smart cities market is highly competitive, with players developing new smart cities applications and offering them through quick go-to-market strategy for higher market penetration. 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. In the recent past, partnerships have been the major recent activities in the smart cities industry.
For instance, in February 2018, Cisco and AT&T have announced a partnership for smart cities, with the networking giant to integrate its Cisco Kinetic for cities platform into various AT&T smart cities solutions, including the smart cities operations center (SCOC). The small players prevailing in this industry are focusing especially on technological improvements, and integrated and joint innovation practices to build an entirely new ecosystem for new upcoming smart cities. This would further strengthen small and medium players’ position and market presence, globally.
Market Segmentation: Global Smart Cities market
By Component
Hardware
Software
By Application
Smart Governance
Smart Infrastructure
Smart Education
Smart Healthcare
Smart Security & Threats
Smart Utility
Smart Building
Smart Transportation
Others
In addition, the report provides analysis of the baby Smart Cities diapers market with respect to the following geographic segments:
North America
Europe
Asia Pacific (APAC)
LATAM
MEA
Access Full Research Report@ https://bit.ly/2rJScH2
Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contacts: +18666586826
About BlueWeave Consulting & Research Pvt Ltd.
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
GD-69, Sector G, East kolkata Twp,
Kolkata, West Bengal
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
