Global Smart Cities Market, By Solution (Smart Mobility Management, Smart Public Safety, Smart Healt

Published Date: | Report Code : IT1958414

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The Smart Cities Market is predicted to witness significant demand during the forecast period owing to it’s increasing use in various applications such as Governance, Building, Environmental Solution, Utilities, Transportation, Healthcare.

A smart city is a well-connected town that deploys different data and communication techniques to share data with the public and enhance the quality of government facilities as well as the welfare of citizens. This technology has been commonly implemented in latest years to enhance public safety, ranging from elevated crime rate surveillance fields to enhancing sensor emergency preparedness and much more.

Whether it's a significant tourism hub or a tiny community that strives to become sustainable, smart city solutions have discovered their way through various urban lifestyle fields. Demand for town alternatives is expected to increase due to a number of variables such as increasing urban population and the need for better management of restricted natural resources and sustainability of the environment. The sector is also driven by rapid urbanization, aging infrastructure and the implementation of fresh technology, combined with the need for better quality of life.

The market for intelligent towns includes countless industries such as healthcare, transportation, water, aided living, safety, and power, and their application differs from town to town owing to technological penetration in a specific area. The large quantity of original financial investments, the need to consolidate various departments and industries, and the absence of a systemic strategy can have an adverse effect on the development of the sector. However, the market is expected to develop at a fast pace in the coming years, driven by renewed interest from sectors, technology accessibility, and industry stakeholders ' all-inclusive involvement.

Globally, through its legislation and projects concentrated on the implementation of intelligent facilities as a significant aspect of their infrastructure, governments have played a significant role in the smart cities industry. For example, the Smart Buildings initiative launched by the General Services Administration (GSA) in May 2012 aimed at reducing costs and promoting smart services, largely through connected technologies, is one such major project that has been recorded in recent years. Similarly, owing to its focus on energy and climate goals, Europe's smart cities market size is anticipated to expand at a substantial pace. The government is therefore concentrating on energy allocation with effective models and strategies to advance towards a low-carbon future in this region.

Key Factors Impacting Market Growth:

  • Supportive government initiatives

  • Artificial intelligence emerges in smart cities

  • Smart cities-related security issues

Regional Analysis:

By region, the smart cities market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of smart cities market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region. The North America smart cities market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.

Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: AT&T Inc., Cisco Systems Inc., Ericsson, General Electric, Hitachi Ltd., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, and Schneider Electric SE…

Market Segmentation:

By Solution:

  • Smart Mobility Management

  • Smart Public Safety

  • Smart Healthcare

  • Smart Building

  • Smart Utilities

  • Smart Security

  • Smart Education

  • Others

By Applications:

  • Governance

    • City Surveillance

    • Command & Control Solution

    • E-governance

    • Lighting

    • Infrastructure

  • Building

  • Environmental Solution

  • Utilities

    • Energy Management

    • Water Management

    • Waste Management

  • Transportation

    • Intelligent Transportation System

    • Parking Management

    • Ticketing & Travel Assistance

  • Healthcare

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Solutions

    • By Applications

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Solutions

    • By Applications

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Solutions

    • By Applications

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Solutions

    • By Applications

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Solutions

    • By Applications

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Solutions

    • By Applications

Reasons To Buy This Report:

  • Market size estimation of the smart cities market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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