Smart Cities Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Global Smart Cities Market is predicted to value over USD 231 billion by 2026 end and grow at a CAGR of over 18% during the forecast period 2019 to 2026. A well-connected city deploying various communication and information technologies and sharing this information publically is called a smart city. Smart city initiative also improves the efficiency of government services along with citizen welfare. This concept is being widely adopted by developed as well as emerging economies for improving public welfare. This ranges from monitoring high crime rate areas to improve in the preparation of an emergency using advanced technology. Concepts like artificial intelligence, automation, machine learning that are trending these days also drive the smart city market in a positive direction. Having a smart city has advantages of its own like enhanced homes and buildings, better administrative services, efficient mobility and optimum energy utilization. Smart city system covers a large number of applications and domains areas from a small community striving for sustainability to a tourism hub which has helped boost the overall smart city market globally. An infrastructure that is ageing due to lack of adoption of innovative technology along with a need for an improved life quality due to a rapid rate of urbanization are some of the driving forces for the smart city market. Insights on Global Smart Cities Market: North America to Lead Global Smart Cities Market North America dominates the global smart city market due to a rapid adoption of solutions offered by smart cities and this initiative was supported by huge ICT spending among organizations of the government and it is expected that North America will gain even more traction during the forecast period. However, Asia Pacific region is also expected to experience a high growth rate due to high IT spending along with the support from the governmental initiatives in countries like India, Singapore, South Korea and China. Europe has also adopted the concept of smart city mainly for smart lighting, city surveillance, e-governance and is therefore likely to gain a significant amount of traction in the market during the forecast period. Utilities Segment Market to Account for Highest Market Share Utilities segment dominates the market due to the adoption of digital technologies for distribution and billing of water, Liquefied Petroleum Gas (LPG) and electricity to residents to enable effective usage and improve delivery, analysis and monitoring and it is expected that this segment will continue its good run during the forecast period as well. Governance is another segment that is on a meteoric rise due to the introduction of e-governance in not only developed economies like the U.S but also in emerging economies like India. Therefore, it is expected to see a rise in the market growth rate during the forecast period. The transportation and construction segment are also expected to see a rise in the market growth rate during the forecast period owing to governments initiating for smart public transportation and also due to an emphasis on consuming renewable energy. Smart driverless cars and public transport is one of the prospect that will bring a drastic change in the transportation segment in the near future. Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=101&page=requestsample Smart Cities Market Segmentation 1. By Region u00b7 North America u00b7 Europe u00b7 Asia Pacific u00b7 Latin America u00b7 Rest of the World 2. By Application u00b7 Utilities u00b7 Education u00b7 Governance u00b7 Construction u00b7 Transportation u00b7 Healthcare 3. By Component u00b7 Solutions u00b7 Services o Professional o Integration and development Purchase a Copy of this Premium Research Report & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=101&page=askfordiscount Competitive Landscape: u00b7 Tier 1 players- established companies in the market with a major market share u00b7 Tier 2 players u00b7 Emerging players which are growing rapidly u00b7 New Entrants Tier 1 companies have a market share of 35% while tier 2 and tier 3 companies account for a market share of 40% and 25% respectively. FutureWise Key Takeaways: u2022 Growth prospects u2022 SWOT analysis u2022 Key trends u2022 Key data-points affecting market growth Objectives of the Study: u2022 To provide with an exhaustive analysis on the global smart cities market by region, by application, by component u2022 To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) u2022 To evaluate and forecast micro-markets and the overall market u2022 To predict the market size, in key regions (along with countries)u2014North America, Europe, Asia Pacific and rest of the world u2022 To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions u2022 Profiling of companies to evaluate their market shares, strategies, financials and core competencies Table of Contents 1. Introduction 1.1. Scope and Objective 1.2. Assumptions and Acronyms 1.3. Forecast Factors 1.4. Research Methodology 2. Executive Summary 2.1. Industry Cluster Analysis 2.2. Competition Matrix 2.3. Strategies Recommendations 3. Market Definition 3.1. Report Scope (Inclusions & Exclusions) 3.2. Market Segmentation 4. Global Smart Cities Market Overview 4.1. Global Smart Cities Market Revenue (USD Mn) 5. Key Inclusions 5.1. Porteru2019s Five Force analysis 5.2. Market Dynamics 5.3. Industry Trends 5.4. Regulatory Guidelines 5.5. Opportunities in Smart Cities 6. Competition Dynamics 6.1. Company Share Analysis (2018) 6.2. Top 10 Product Pricing by Region 7. Global Smart Cities Market Revenue (USD Mn), 2018-2026 by Applications 7.1. Key Market Findings 7.2. Long Term ROI Segments 7.3. Revenue Opportunity Influencing Factors 7.4. Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026 7.4.1 Education 7.4.2 Governance 7.4.3 Buildings 7.4.4 Mobility 7.4.5 Healthcare 7.4.6 Utilities 8. Global Smart Cities Market Revenue (USD Mn), 2018-2026 by Region 8.1. Key Market Findings 8.2. Long Term ROI Segments 8.3. Revenue Opportunity Influencing Factors 8.4. Market Revenue (USD Mn) Assessment and Forecast by Region,2026 8.4.1 North America 8.4.2 Latin America 8.4.3 Europe 8.4.4 Asia Pacific 8.4.5 Rest of world 9. North America Smart Cities Market Revenue (US$ Mn), 2018-2026 9.1. Key Market Findings 9.2. Long Term ROI Segments 9.3. Revenue Opportunity Influencing Factors 9.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 9.4.1 US 9.4.2 Canada 9.5. Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026 9.5.3 Education 9.5.4 Governance 9.5.5 Buildings 9.5.6 Mobility 9.5.7 Healthcare 9.5.8 Utilities 10. Latin America Smart Cities Market Revenue (US$ Mn), 2018-2026 10.1. Key Market Findings 10.2. Long Term ROI Segments 10.3. Revenue Opportunity Influencing Factors 10.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 10.4.1 Brazil 10.4.2 Mexico 10.4.3 Argentina 10.4.4 Rest of Latin America 10.5. Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026 10.5.5 Education 10.5.6 Governance 10.5.7 Buildings 10.5.8 Mobility 10.5.9 Healthcare 10.5.10Utilities 11. Europe America Smart Cities Market Revenue (US$ Mn), 2018-2026 11.1. Key Market Findings 11.2. Long Term ROI Segments 11.3. Revenue Opportunity Influencing Factors 11.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 11.4.1 Germany 11.4.2 France 11.4.3 Spain 11.4.4 UK 11.4.5 Russia 11.4.6 Poland 11.4.7 Rest of Europe 11.5. Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026 11.5.8 Education 11.5.9 Governance 11.5.10 Buildings 11.5.11 Mobility 11.5.12 Healthcare 11.5.13 Utilities 12. Asia Pacific America Smart Cities Market Revenue (US$ Mn), 2018-2026 12.1. Key Market Findings 12.2. Long Term ROI Segments 12.3. Revenue Opportunity Influencing Factors 12.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 12.4.1 Emerging Asia 12.4.1.1 China 12.4.1.2 India 12.4.1.3 ASEAN-5 12.4.1.4 Rest of Emerging Asia 12.4.2 Japan 12.5. Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026 12.5.3 Education 12.5.4 Governance 12.5.5 Buildings 12.5.6 Mobility 12.5.7 Healthcare 12.5.8 Utilities 13. Rest of World America Smart Cities Market Revenue (US$ Mn), 2018-2026 13.1. Key Market Findings 13.2. Long Term ROI Segments 13.3. Revenue Opportunity Influencing Factors 13.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 13.4.1 Middle East 13.4.2 South Africa 13.4.3 North Africa 13.4.4 Rest of World 13.5. Market Revenue (USD Mn) Assessment and Forecast by Applications, 2018-2026 13.5.5 Education 13.5.6 Governance 13.5.7 Buildings 13.5.8 Mobility 13.5.9 Healthcare 13.5.10 Utilities 14. Research Sources & Primary Verbatim Inquire further details about this report at: sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: sales@futurewiseresearch.com Phone: 44 141 628 9353 / 1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
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