Global Smart Cities Market valued approximately USD 343 billion in 2016 is anticipated to grow with a healthy growth rate of more than 24.4% over the forecast period 2017-2025. The increasing demands for integrated security, safety systems improving public safety and the rising demand for system integrators are the key drivers for this market. In this industry, recent technological advancements in smart cities can also be included as a key driver.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Hewlett Packard Co., Ericsson, General Electronics, Delphi, IBM Co., CISCO Systems Inc., Schneider Electric SE, and Accenture Plc. These companies are notably investing in smart grid technologies. A major part of this is going into upgrading the outdated energy infrastructure with new and advanced infrastructure. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers.
Target Audience of the Smart Cities Market Study
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Please note that owing to the criticality of the Smart Cities market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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Ankur Gupta, Head Marketing & Communications