$3+ Billion Smart Cities Market by Component, Application and Geography - Worldwide Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 17, 2019--The “Global Smart Cities Market by Component (Hardware, Software) by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security & Threat, Smart Education, Smart Building) Size and Forecast 2014-2024” report has been added to ResearchAndMarkets.com’s offering.
The global smart cities market is expected to reach a mark of USD 3,000 million by 2024, at a CAGR over 21% during the forecast period.
Significant growth in next-generation technologies such as artificial intelligence (AI), personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, increase in residential preference towards adoption of advanced information and communication technologies (ICT) escalates the future market growth.
With the rise of innovation and digitalization of industry applications, particularly in the residential sector, countries across the globe are actively looking for solutions to balance economic, technological and social development. With increase in population, data is also becoming more readily available now-a-days.
Communities are turning to innovative information communication technologies (ICT) to re-imagine the way in which people of the residents live, work or play. IoT is playing a significant role in driving safer and smarter cities from changing the vision into reality.
As per the research, hardware components have been the largest revenue generators in the global smart cities market, as compared to others. Also, among various types of applications, smart governance was the largest revenue contributor in 2017. Moreover, among the smart utilities category, smart energy applications is expected to continue contributing the largest revenue, during the forecast period.
1. Research Objective
2. Research Methodology
3. Executive Summary
4. Market Introduction
5. Market Size and Forecast by Component
6. Market Size and Forecast by Application
7. Market Size and Forecast by Geography
8. Market Competitiveness
9. Company ProfilesIBM Corporation The ADT Corporation Cisco Systems AT&T SAP Intel Corporation Oracle Corporation Schneider Electric General Electric Xerox Corporation Automation Anywhere
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Related Topics:Software,Utilities,Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE
SOURCE: Research and Markets
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PUB: 01/17/2019 07:22 AM/DISC: 01/17/2019 07:21 AM