Smart City Market with Forecast, Top Vendors, Industry Research and End User Analysis By 2025
The Insight Partners Added “Smart City Market to 2025 - Global Analysis and Forecast by Industry Verticals” To Its Research Database.
(EMAILWIRE.COM, December 28, 2017 ) The global Smart cities market accounted for US$ 773.19 Bn in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 – 2025, to account for US$ 3651.49 Bn in 2025.Smart cities was invented towards the end of 20th century. It has been expanded to relate to the future of cities and their development. Smart city are progressive, forward-looking and resources-efficient and providing high quality of life. Smart cities exist on the intersection of digital, urban environment and disruptive technology. Smart city uses information and communication technology (ICT) to increase its workability, sustainability and livability. They include new energy, traffic and transport concept that goes easy with the environment.
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One of the driving factor fueling the growth of smart city market is increasing urbanization. Urban areas are transform into smart cities, while transformation, disruptive digital technologies is one of the major driver. Advancement in technology is driving the digital economy because digital technology is showing a remarkable growth in capacity and performance. In addition to this there are several other factors fueling the growth of smart city such as inadequate infrastructure, growing urbanization, growing stress & growing economic competition, growing expectation and rapidly improving technology capabilities. However, the factors hindering the growth of smart city is high initial investment. Growing demand for integrated security and safety system for improving public safety and increasing demand for system integrators is expected to boost the market over coming years.
Smart City Market Key Players
ABB Ltd.
Accenture
Cisco
Ericsson
Schneider Electric
GE
Microsoft
IBM Corporation
Oracle
Siemens
View Complete Report at http://www.theinsightpartners.com/reports/smart-city-market-research-report
About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Request a Sample Report at http://www.theinsightpartners.com/sample/TIPTE100000383
One of the driving factor fueling the growth of smart city market is increasing urbanization. Urban areas are transform into smart cities, while transformation, disruptive digital technologies is one of the major driver. Advancement in technology is driving the digital economy because digital technology is showing a remarkable growth in capacity and performance. In addition to this there are several other factors fueling the growth of smart city such as inadequate infrastructure, growing urbanization, growing stress & growing economic competition, growing expectation and rapidly improving technology capabilities. However, the factors hindering the growth of smart city is high initial investment. Growing demand for integrated security and safety system for improving public safety and increasing demand for system integrators is expected to boost the market over coming years.
Smart City Market Key Players
ABB Ltd.
Accenture
Cisco
Ericsson
Schneider Electric
GE
Microsoft
IBM Corporation
Oracle
Siemens
View Complete Report at http://www.theinsightpartners.com/reports/smart-city-market-research-report
About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +91 9666111581
Email us
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The Insight Partners
Sameer Joshi
Tel: +91 9666111581
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results