Press release
Smart City Platforms Global Market Analysis, Trends, Growth, Research And Forecast 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Smart City Platforms Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $316.31 billion In 2028 At A CAGR Of 12.2% :
The smart city platforms market size has grown rapidly in recent years. It will grow from $176.32 billion in 2023 to $199.86 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to urbanization and population growth, increasing demand for efficient public services, government initiatives and funding, environmental sustainability concerns, advancements in Internet of things (IoT) technology.
The smart city platforms market size is expected to see rapid growth in the next few years. It will grow to $316.31 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to integration with 5G networks, focus on resilience and disaster management, citizen engagement and participation, expansion of data analytics and predictive insights, public-private partnerships (PPPs). Major trends in the forecast period include open data initiatives and interoperability, resilience and disaster management integration, smart infrastructure development, public-private partnerships for implementation, artificial intelligence for predictive analytics.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=9025&type=smp
Smart City Platforms Market Major Segments
The smart city platforms market covered in this report is segmented -
1) By Offering: Platforms, Services
2) By Deployment Model: On Premise, Cloud
3) By Delivery Model: Offshore, Hybrid, Onshore
4) By Application: Smart Infrastructure, Smart Governance and Smart Education, Smart Energy, Smart Mobility, Smart Healthcare, Smart Buildings, Other Applications
Key Driver - Smart City Platforms Market Surges With The Momentum Of Urbanization
Growing urbanization is expected to propel the growth of the smart city platforms market going forward. Urbanization refers to the process by which many people permanently assemble in comparatively small regions to establish cities. It occurs because people move from rural areas to urban areas. Smart city platforms are used for improving urban area management and quality of life for citizens. Rapid urbanization will require smart city platforms, which will propel market growth. For instance, according to the UN, a US-based organization that maintains international peace and security, around 2.5 billion more people will be living in cities by 2050. The number of urban dwellers expected to be added to the population by 2050 is around 292 million in China and 212 million in Nigeria. For another instance, according to the World Bank, a US-based international financial institution, the US urban population increased by 0.37% from 274,032,053 in 2020 to 275,050,303 in 2021. Therefore, the growing urbanization is driving the growth of the smart city platforms market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=9025&type=smp
Prominent Trend - Innovation Drive Shapes Technological Landscape In Smart City Platforms Market
Technological advancements are a key trend gaining popularity in the smart city platforms market. Major companies operating in the smart city platforms market are focused on developing new technological solutions to strengthen their market position. For instance, in July 2022, Ubicquia, Inc., a US-based provider of intelligent infrastructure platforms for municipalities, utilities, and mobile operators, launched UbiHub, a way for cities to deploy public Wi-Fi and cameras that help in traffic analytics, public safety, and license plate recognition. It is uniquely designed with the industry's first integrated Wi-Fi 6 and an edge AI platform that can be plugged into a photocell socket in 30 seconds and delivers data in minutes. The platform enables communities and law enforcement to cost-effectively scale and turn their existing streetlight infrastructure into a network of connected digital assets. It is compatible with 360 million streetlights globally.
Smart City Platforms Market Players
Major companies operating in the smart city platforms market report are Alphabet Inc., Microsoft Corporation, Alibaba Group Holding Limited, AT&T Inc., Dell Technologies Inc., Huawei Technologies Co Ltd., Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Schneider Electric SE, ABB Ltd, Telefonaktiebolaget LM Ericsson, Ericsson, Johnson Controls International plc, NEC Corporation, SAS Institute Inc., Advantech Co Ltd., Parametric Technology Corporation., Cubic Corporation, Cradlepoint Inc., Bosch IO GmbH, Quantela Inc.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/smart-city-platforms-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the smart city platforms market in 2023. The regions covered in the smart city platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart City Platforms Market Report Structure
3. Smart City Platforms Market Trends And Strategies
4. Smart City Platforms Market - Macro Economic Scenario
5. Smart City Platforms Market Size And Growth
…..
27. Smart City Platforms Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Smart City Platforms Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $316.31 billion In 2028 At A CAGR Of 12.2% :
The smart city platforms market size has grown rapidly in recent years. It will grow from $176.32 billion in 2023 to $199.86 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to urbanization and population growth, increasing demand for efficient public services, government initiatives and funding, environmental sustainability concerns, advancements in Internet of things (IoT) technology.
The smart city platforms market size is expected to see rapid growth in the next few years. It will grow to $316.31 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to integration with 5G networks, focus on resilience and disaster management, citizen engagement and participation, expansion of data analytics and predictive insights, public-private partnerships (PPPs). Major trends in the forecast period include open data initiatives and interoperability, resilience and disaster management integration, smart infrastructure development, public-private partnerships for implementation, artificial intelligence for predictive analytics.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=9025&type=smp
Smart City Platforms Market Major Segments
The smart city platforms market covered in this report is segmented -
1) By Offering: Platforms, Services
2) By Deployment Model: On Premise, Cloud
3) By Delivery Model: Offshore, Hybrid, Onshore
4) By Application: Smart Infrastructure, Smart Governance and Smart Education, Smart Energy, Smart Mobility, Smart Healthcare, Smart Buildings, Other Applications
Key Driver - Smart City Platforms Market Surges With The Momentum Of Urbanization
Growing urbanization is expected to propel the growth of the smart city platforms market going forward. Urbanization refers to the process by which many people permanently assemble in comparatively small regions to establish cities. It occurs because people move from rural areas to urban areas. Smart city platforms are used for improving urban area management and quality of life for citizens. Rapid urbanization will require smart city platforms, which will propel market growth. For instance, according to the UN, a US-based organization that maintains international peace and security, around 2.5 billion more people will be living in cities by 2050. The number of urban dwellers expected to be added to the population by 2050 is around 292 million in China and 212 million in Nigeria. For another instance, according to the World Bank, a US-based international financial institution, the US urban population increased by 0.37% from 274,032,053 in 2020 to 275,050,303 in 2021. Therefore, the growing urbanization is driving the growth of the smart city platforms market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=9025&type=smp
Prominent Trend - Innovation Drive Shapes Technological Landscape In Smart City Platforms Market
Technological advancements are a key trend gaining popularity in the smart city platforms market. Major companies operating in the smart city platforms market are focused on developing new technological solutions to strengthen their market position. For instance, in July 2022, Ubicquia, Inc., a US-based provider of intelligent infrastructure platforms for municipalities, utilities, and mobile operators, launched UbiHub, a way for cities to deploy public Wi-Fi and cameras that help in traffic analytics, public safety, and license plate recognition. It is uniquely designed with the industry's first integrated Wi-Fi 6 and an edge AI platform that can be plugged into a photocell socket in 30 seconds and delivers data in minutes. The platform enables communities and law enforcement to cost-effectively scale and turn their existing streetlight infrastructure into a network of connected digital assets. It is compatible with 360 million streetlights globally.
Smart City Platforms Market Players
Major companies operating in the smart city platforms market report are Alphabet Inc., Microsoft Corporation, Alibaba Group Holding Limited, AT&T Inc., Dell Technologies Inc., Huawei Technologies Co Ltd., Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Schneider Electric SE, ABB Ltd, Telefonaktiebolaget LM Ericsson, Ericsson, Johnson Controls International plc, NEC Corporation, SAS Institute Inc., Advantech Co Ltd., Parametric Technology Corporation., Cubic Corporation, Cradlepoint Inc., Bosch IO GmbH, Quantela Inc.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/smart-city-platforms-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the smart city platforms market in 2023. The regions covered in the smart city platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart City Platforms Market Report Structure
3. Smart City Platforms Market Trends And Strategies
4. Smart City Platforms Market - Macro Economic Scenario
5. Smart City Platforms Market Size And Growth
…..
27. Smart City Platforms Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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