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China Smart Cities Market Grow drastically at USD 59.9 billion By 2023: MnM

The growth in this market is driven by the increase in population, the need for rapid urbanization, and governments investments and policies to speed up the successful implementation and development of smart cities projects.<br>Know More: https://cutt.ly/MGLDKEw

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China Smart Cities Market Grow drastically at USD 59.9 billion By 2023: MnM

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  1. Downloaded from: justpaste.it/758lm China Smart Cities Market Size Is Estimated To Rise To USD 59.9 billion By 2023: Report by MarketsandMarkets™ China Smart Cities Market The report “China Smart Cities Market growth is driven by the increase in population, the need for rapid urbanization, and governments investments and policies to speed up the successful implementation and development of smart cities projects. China Smart Cities Market provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and challenges) - Global Forecast to 2023" published by MarketsandMarkets. The China smart cities market is projected to reach USD 59.9 billion by 2023 from USD 30.4 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 14.5%. Browse 30 market data Tables and 30 Figures spread through 163 Pages and in-depth TOC on “China Smart Cities Market by by ICT Components (Hardware, Software, Services), Segments (Smart Infrastructure, Smart Transportation, Video), Market Overview, Trends, Vendor Ecosystem Analysis, and Smart Cities Initiatives - Forecast to 2023” Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=88009927 The video segment is expected to grow at the highest CAGR from 2018 to 2023 China is taking efforts to improve the surveillance of its people by bringing in capabilities, such as Artificial Intelligence (AI), and facial and gait recognition. The video camera segment in China is annually growing with a rate of 18.1%. China is more focused on surveillance systems that connect security cameras nationwide via the cloud to a database of every person’s facial ID profile and a file of their personal details. Hangzhou-based Hikvision, a video surveillance company, possess 21.4% of world’s market share of CCTV cameras and video surveillance equipment. The Chinese government owns a 42% stake of Hikvision. In 2015, the Ministry of Public Security launched a project, aiming to establish a giant facial recognition database to identify any citizen within seconds; the project is still under the development phase. It targets to achieve an accuracy rate of 90% but faces formidable technological hurdles. The project aims to identify any one of its 1.3 billion citizens within 3 seconds. The country is more focused on real-time analysis of surveillance data using sensor systems to improve the public system and the security. Major trends in Video segment: Smart Responders Panoramic-View Body Cameras with Inbuilt Facial Recognition: China is taking efforts to identify wanted suspects in real-time. For that, police officers across China will be equipped with panoramic-view body cameras that come loaded with facial and gesture recognition technology. Facial Recognition Database

  2. China is building the giant facial recognition database with the power of identifying any one of its 1.3 billion citizens within 3 seconds. The major vendors in the China Smart Cities Market are Advantech (China), Kontron (Germany), CRRC (China), Hollysys (China), Nari Technology (China), China Railway Electrification Engineering Group (China), Hikvision (China), Dahua Technology (China), and Seavo Technology (China). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model —GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1–888–600–6441 sales@marketsandmarkets.com

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