Global Smart Cities Market by Solution and Geography - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Smart Cities Market - Segmented by Solution (Smart Mobility Management, Smart Public Safety, Smart Healthcare, Smart Buildings), and Geography - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global smart cities market was valued at 442.89 billion in 2017 and is expected to reach a value of USD 1,226.68 billion by 2023 at a CAGR of 18.22% over the forecast period (2018-2023).
The expanding population living in urban areas (58% by 2025), and the overall growth of urban population (81% of total population that are living in cities), are the major drivers for the adoption of intelligent and smart solutions.
The main reason behind the growth of smart cities is the need for effective solution for managing the cities. Governments of various countries are expected to collaborate and partner with each other, in order to transform into a collaborative and integrated service delivery model, from the traditional silo based model.
The expansion of cities and urbanization, widespread adoption of green technology, increasing telecom penetration, and rising adoption of Artificial Intelligence (AI) and Internet of Things, are the factors driving the demand for smart cities.
Key HighlightsInternet of Things - The Driving Force Behind Smart Cities Rising Revenue from Smart Homes
Development in the MarketEmerson Electric Company introduced a technology to control multiple smart thermostats on single dashboard to help ensure human comfort and energy efficiency.
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Segmentation by Solution
6. Segmentation by Region
7. Competitive Intelligence - Key Vendor Profiles
8. Investment Analysis
9. Future of the Market
Companies ProfiledABB Ltd. Cisco Systems Inc. Emerson Electric Co. IBM Corporation Ericsson Inc. Schneider Electric SE General Electric Co. Siemens AG Huawei Technologies Co. Ltd. Honeywell International Inc. Hitachi Ltd. Nokia Corporation Koninklijke Philips N.V.
For more information about this report visit https://www.researchandmarkets.com/research/ql6hcs/global_smart?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005425/en/
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Related Topics:Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS URBAN PLANNING CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/18/2018 07:22 AM/DISC: 12/18/2018 07:22 AM