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Global Smart City ICT Infrastructure Market 2017-2021 | Partnerships Among Countries to Develop Smart Cities to Boost Growth | Technavio

October 1, 2018

LONDON--(BUSINESS WIRE)--Oct 1, 2018--According to the market research report released by Technavio, the global smart city ICT infrastructure market is expected to accelerate at a CAGR of over 17% during the forecast period. Rising need for smart cities is one of the key factors triggering the growth of the market.

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According to the latest market research report released by Technavio, the global smart city ICT infrastructure market is expected to accelerate at a CAGR of over 17% until 2021. (Graphic: Business Wire)

This research report titled provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global smart city ICT infrastructure market into the following regions:

Americas EMEA APAC

In 2016, the Americas accounted for 41% of the global market and is projected to decline to 36% by 2021, exhibiting almost 5% decrease in market share.

Global smart city ICT infrastructure market: Top emerging trend

Partnership among countries to develop smart cities is an emerging trend in the enterprise application space. For instance, in April 2017, Kuwait announced an agreement with South Korea to build a USD 4 billion smart city in Kuwait. The construction of the smart city will begin in 2019 under the supervision of public and private sector companies in South Korea such as Hyundai Architects, Engineers Associates, and POSCO A&C. The prospective city, named South Saad Al-Abdullah, is expected to be more than 15,000 acres and will provide accommodation to more than 20,000 families. In the future, Kuwait has plans to build nine smart cities in the country. Therefore, the emergence of smart cities in the future is expected to boost the growth of the overall global market.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Smart City ICT Infrastructure Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, EMEA) Key leading countries Market segmentation by component (smart grid, smart home and building, smart water network, smart healthcare, smart education, smart security, smart transport)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Cisco Systems, IBM, Oracle, Huawei, AT&T)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005227/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE INTERNET NETWORKS SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/01/2018 07:53 AM/DISC: 10/01/2018 07:53 AM

http://www.businesswire.com/news/home/20181001005227/en

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