Global Smart Cities Market size is anticipated to reach USD 2.57 trillion by 2025


16-may-2019 The global smart cities market registering a strong CAGR of 18.4% during the forecast period. Rising demand for smart city solutions is anticipated to be driven by factors such as growing urban population, need to better manage limited natural resources, and increasing focus on environmental sustainability.

Smart cities encapsulate an overwhelming number of different domains and application areas enhanced with technological advancements and their effective use in providing services to people. Be it a major tourism hub or a small community striving to become sustainable, smart city solutions have found their way in diverse areas of urban living.Rapid urbanization, obsolete infrastructure, adoption of new technologies, and need for improved quality of life are also driving industry growth.

The market addresses a diverse set of requirements, such as efficient mobility, smart and enhanced buildings and homes, optimum energy utilization, and better administrative services. Soaring adoption of novel technologies that complement management of cities of the future is a major catalyst in industry growth. The industry also stands to benefit from initiatives taken by national and regional governments, residents, and local businesses to implement projects and tend toward problems plaguing their cities.

The market encompasses myriad sectors such as healthcare, transport, water, assisted living, security, and energy and their implementation varies from city to city due to technological penetration in the region. High amount of initial financial investments, need for consolidation of different departments and sectors, and lack of a systemic approach may threaten industry growth. Nevertheless, the market is anticipated to grow at a rapid rate in the coming years, driven by the industries' renewed interest, availability of technology, and all-inclusive participation of industry stakeholders.

 Interested in this report? Get your FREE sample now! https://www.radiantinsights.com/research/smart-cities-market/request-sample

 Further key findings from the report suggest:

• Communication infrastructure and web-based services are anticipated to play a major role in the industry's stride toward global adoption. The inevitable consolidation of services, infrastructure, data, and sensors will help in the creation of truly intelligent cities of the future

• Major hindrances in adoption and implementation of these technologies include concerns regarding privacy and security of data. Attempts have also been made at developing consortiums to support and standardize the market globally; however, this has been limited to certain regions and application areas due to lack of a systemic approach

• The industry is witnessing different forms of investment scenarios, such as Build Operate Transfer (BOT), Build Operate Manage (BOM), and Build Operate Own (BOO), which are gaining traction as major financial funding measures for smart cities

• The BOM model for investment and management is gaining popularity due to its ease of operation and a combined control over the infrastructure it offers to interested parties

• Key industry participants include ABB Group, Accenture, Cisco Systems, Schneider Electric, Siemens, IBM Corp., General Electric, and Microsoft. Companies such as Hitachi; Honeywell International Inc.; Intel; Oracle; Huawei Technologies Ltd.; and Johnson Controls are also at the forefront of developing smart city solutions

• The industry is also marked with a growing number of collaborations between governments and companies to develop and implement pilot projects.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Smart Cities Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Smart Cities Market, 2014 - 2025

Chapter 3 Smart Cities Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Smart Cities - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Smart Cities Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Government initiatives
3.4.1.2 Rapid urbanization and ageing infrastructure
3.4.1.3 Growing focus on environmental sustainability
3.4.2 Market restraint analysis
3.4.2.1 High initial costs
3.5 Smart Cities Market - Company Ranking, 2016
3.6 Penetration and Growth Prospect Mapping
3.7 Smart Cities - Porter's Five Forces Analysis
3.8 Smart Cities - PESTEL Analysis

If you have any special requirements, please let us know and we will offer you the report as you want.

Comments

Post a Comment

Popular posts from this blog

TV and Radio Subscription Market Landscape and its Growth Prospects over the coming years from 2017-2021

TV subscription is the service that is delivered (on paying a subscription fee) to the viewer using a cable or over the air. Video and voice services, games, movies, and contents from various demographics are some of the most popular services offered by the TV operators. Request a Sample Copy of This Report:   https://www.radiantinsights.com/research/global-tv-and-radio-subscription-market-2017-2021/request-sample Covered in this report The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The market is divided into the following segments based on geography: APAC EMEA The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors Bell Media CBS Comcast Cox Communications DISH Network Pandora Radio Sky Other prominent vendors ABC Radio Altice USA America Movil AT&am
Read more

Global Online Takeaway Food Market Size and Analysis by Trend, Regions 2018

23-oct-2018 Global Online Takeaway Food Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Online Takeaway Food is a process of ordering food from food cooperative or restaurant via an online application or web page. Rising working people populace, expansion of internet penetration for ordering food online, growing urbanization, rapid access to mobile phones, and rising disposable income are documented as major factors of Online Takeaway Food Market that are estimated to enhance the growth in the years to come. However, growing obese populace, low in nutrition, and rising importance of healthy health among customers are the factors that may restrain overall market in the coming years. Online Takeaway Food Market is segmented based on type, product type, application, and region. Mobile apps, restaurant-controlled, independent, and other types could be explored in Online Takeaway Food in t
Read more

U.S. E-cigarette And Vape Market size is expected to reach USD 18.5 billion by 2025

Image
7-aug-19 The U.S. e-cigarette and vape market exhibiting a CAGR of 24.1% from 2019 to 2025, according to a new study conducted. The ability of e-cigarettes to reduce exposure to potentially toxic substances is expected to drive the market over the forecast period. Another factor that is expected to drive the market is that health hazards associated with electronic smoking and vaping devices are relatively lower as compared to conventional tobacco cigarettes. Changing lifestyle and preferences of adult smokers bodes well for the U.S. market. Adult smokers who are addicted to smoking but are willing to quit the habit are shifting from conventional tobacco cigarettes to electronic variants, thereby driving the adoption of the latter over the forecast period. Electronic smoking devices and products claim to minimize the risk of cancer usually posed by conventional cigarettes. Moreover, vaping devices do not have any smoke associated with them, which means, they pose fewer health r
Read more