Smart Cities Market is expected to reach USD XX Bn by 2027 from USD 525.35 Bn in 2019 at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Smart Cities Market
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Smart Cities Market Dynamics:
A smart city stands for a city that provides core infrastructure and gives a decent quality of life to its citizens, a clean and sustainable environment with the application of 'smart' solutions. Investments in human and modern ICT correspondence framework fuel reasonable monetary advancement and a high caliber of life in smart cities with an insightful administration of common assets, through a participatory activity.
Smart Cities Market Segment Analysis:
The smart cities market is categorized on the basis of type, application, and geography. Based on type, this market has been segmented into solutions and services. The application segment is categorized as government education, transportation, infrastructure, energy, security disaster management, and healthcare. Growing energy consumption and requirement to achieve optimum energy use during peak hours will act as drivers for this market whereas the absence or lack of robust telecom and networking infrastructure in developing economies will restrain the market growth for smart cities.
Smart Cities Market Regional Insights:
APAC is one of the largest market shares holding region in 2019 and will also be one of the major growing regions during the current forecast period because of increasing customer awareness and developing technology hubs across major countries, such as China, South Korea, Japan, Singapore, Thailand, India, and Australia.
Smart Cities Market, Key Highlights:
• Smart Cities market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Smart Cities market.
• Smart Cities market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Smart Cities market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Smart Cities market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and the competitive landscape of the key players operating in the Smart Cities market are also profiled.
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Smart Cities Market, Research Methodology
Bloomberg, Factiva, and Hoovers are some of the sites that are being referred to gain insights into the Smart Cities market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analyses are also used to calculate the exact size of the Smart Cities market globally.
Key Players Operating in the Smart Cities Market:
• Alstom SA
• General Electric Company
• Hitachi Ltd.
• Accenture plc
• Siemens AG
• Cisco Systems, Inc.
• SAP SE
• ABB Ltd.
• IBM Corporation
• Schneider Electric SE
Smart Cities Market, Key Target Audience
• Telecom Service Providers
• Technology investors, Research and Consulting Firms
• Networking Solution Providers
• System Integrators
• Government bodies, such as regulating authorities, Municipal Authorities, and policymakers
• Investors and Venture Capitalist
Scope of the Smart Cities Market Report: Inquire before buying
Smart Cities Market, By Type
• Smart Cities Solutions
• Smart Cities Services
Smart Cities Market, By Application
• Security Disaster Management
• Government Education
Smart Cities Market, By Geography
• North America
• Asia Pacific
• Middle East Africa
• Latin America
Smart Cities Market, Regional Analysis
• Breakdown of the North America Smart Cities market
• Breakdown of the Europe Smart Cities market
• Breakdown of the Asia Pacific Smart Cities market
• Breakdown of the Middle East Africa Smart Cities market
• Breakdown of the Latin America Smart Cities market
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