Smart Cities Market: Industry Analysis and Forecast (2021-2027)

Posted by chetana on September 28th, 2021

Global Smart Cities Market Comprehensive Study is a profoundly skilled and complete study of the condition of momentum of the Global Smart Cities Market, with an eye to explicit aspects in the Global area. The report offers key insights regarding the with regards to the current status of Global producers of Smart Cities and serves as a crucial wellspring of bearing and course for organizations and the people who are quick to study the business. The report gives an inside and outside perspective on the 2020-2027\'s global Smart Cities Market, covering significant viewpoints.

Smart Cities Market size was valued at US$ 400 Bn. in 2020 and the total revenue is expected to grow at 14.8 % CAGR through 2021 to 2027, reaching nearly US$ 1077.4 Bn.

The smart cities concept has gained traction as a result of the increased awareness of \"smart everything,\" which is partly due to all intermediary technologies. Smart cities use emerging technologies like Artificial Intelligence (AI), Internet of Things (IoT), Cloud storage, Big Data, data analytics to collect and analyse the data gained from many resources. Smart cities are gradually instrumenting the urban fabric at every layer, resulting in cross-sector benefits, according to Eric Woods, Navigant\'s research director.

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KeyPlayers
• Cisco Systems
• Schneider Electric
• IBM
• Emerson
• ABB
• Microsoft
• Hitachi
• Siemens AG
• Huawei
• NEC
• Intel
• Oracle
• GE
• AT&T
• Nokia
• Vodafone
• Itron
• Verizon
• Toshiba Corporation
• SAP SE
• Alstom SA
• Kapsch Group
• Honeywell
• Agt International
• Bentley Systems

Smart Cities Market Segmentation
Based on application, Smart Cities Market is segmented into Smart Buildings, Smart Mobility, Smart Healthcare, Smart Security and Others. Smart security segment based on application is dominating the global smart cities market. An increasing need for safety and security solutions and necessity of emergency preparedness are anticipated to drive the growth of the emergency management segment. The demand for public safety requires sophisticated computerized systems, which can deliver the right information needed for an effective and safe response from law enforcement officers, fire-fighters, and emergency medical support providers.

Smart Cities Market, by focus area

focus area, based on connectivity the Smart Cities Market is segmented into Smart Transportation, Smart Buildings, Smart Utilities and Smart Citizen Services. Every government agency prioritizes the safety of its citizens. People rely heavily on the government\'s safety services, whether they are provided at the municipal, state, or federal level. Aerial systems, real-time crime reports, Integrated Emergency Management Systems (IEMS), and video analytics for law enforcement are just some of the tools that can help government officials provide better security to citizens. The basic technologies of IoT, cloud, sensors, and mobility are used to build a smart city. These building components rely heavily on networking hardware and protocols, which makes them vulnerable to cyber-attacks.

Smart Cities Market Report Scope

This report gives 360-degree perspectives on competitive conditions in the Global Smart Cities Market. Also, it gives an abundance of information on the most recent developments of trends, technological advancements techniques, tools, and strategies. The report inspects subtleties of Global Smart Cities Market in a reasonable and compact technique to give better experiences into the business.

The regions covered by the Global Smart Cities Market:

* North America (United States & Canada)
* Europe (U.K, France, Germany, Italy, Spain, Sweden, CIS Countries, Rest of Europe.)
* APAC (China, India, Japan, South Korea, Australia, ASEAN, Rest of Asia Pacific).
* The Middle East and Africa (South Africa, GCC Countries, Egypt, Nigeria, Rest of ME&A.)
* South America (Brazil, Argentina, Rest of South America)

The study was conducted with benefit of graphic display techniques like info graphics, tables, diagrams, charts and photos. The study gives guidelines to established players just as new players to the Global Smart Cities market.
The top to bottom and bottom to up analysis on the Global Smart Cities Market was accomplished using industry analysis methods like SWOT, PESTLE and Porter\'s five-method. Together, this report gives a reliable analysis of the global market to give a comprehensive overview of the business.
The Smart Cities segments of the market and the Market Data Break Down are illuminated below:

Aspects that draw attention to the Global Smart Cities Market Report:

* The report contains detailed information about the size of the market and market share of the region. Historical market (2016-2019) as well as forecast (2021-2027)
The report contains in-depth information about the competitor\'s overview and analysis of company shares and market trends, and their most important strategies, recent developments, key acquisitions, partnership, financial overview.
* The report highlights the key drivers, restraints and opportunities as well as the current trends that affect the market growth.
* The report examines the latest innovations, major developments and startup\'s information that are working on the market
* The report contains a lot of details on strategies for market entry, the reimbursement and regulatory framework.

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