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Smart Cities Market to see 22.5% CAGR Growth to 2019
September 4, 2015 | PRNewswireEstimated reading time: 4 minutes
The smart cities market to 2019 research report defines and segments smart cities into various sub-segments of technologies, solutions, services and regions with in-depth analysis and forecasting of revenues.
The global smart cities market is forecast to hit $1,134.84 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 22.5% during the forecast period 2014-2019 according to this research report. Smart cities market research report consists of the future market trends of smart solutions like intelligent building automation, energy management, smart grids, smart transportation, smart healthcare and many more; it also presents detailed analysis and implementation of new smart city projects. The report focuses on the analyzing global trends, future growth, key drivers, opportunities and challenges in smart cities.
This smart cities market research report analyzes global adoption trends, future growth potential, competitive outlook, market ecosystem and market value chain. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Europe, Latin America (LA), Asia Pacific (APAC), and Middle East and Africa (MEA). The smart cities market is expected to grow at a rapid pace in the regional markets of APAC and MEA. The growing number of smart cities projects in APAC and MEA are attracting the players operating in the smart city market. These regions would also be the highest revenue generating markets in the years to come. Considerable growth is expected in the NA and European smart cities markets. New wireless network and automation technologies like Z-Wave, Insteon, and many more are expected to be the emerging technological trends in the smart cities market.
Companies profiled in this smart cities market report include Cisco Systems, Ericsson, Hitachi, IBM, Siemens AG, ABB Ltd., Alcatel-Lucent, General Electric (GE), Honeywell International and Schneider Electric. Order a copy of Smart Cities Market by Smart Home, Intelligent Building Automation, Energy Management, Smart Healthcare, Smart Education, Smart Water, Smart Transportation, Smart Security, & by Services - Worldwide Market Forecasts and Analysis (2014 - 2019).
Another research titled Smart Cities: A Challenging but Attractive Opportunity for Network Operators analyzes the smart city market proposition for network operators worldwide and how they are addressing the opportunity. The report discusses the urbanization trends worldwide and provides an in-depth analysis of elements of smart city services, the stakeholders in smart city projects and effective operator approaches and business models built around five, detailed operator case studies (ATandT, KT, Deutsche Telekom, Telefonica and KPN) and reviews of developments in China and India.
At a fundamental level, the smart cities market is an important and attractive opportunity for network operators. Cities are the engines of economic growth, but with growing populations they face important challenges many of which can be addressed through ICT and digital technologies. By their nature, smart city market projects are complex, long term and unique with many stakeholders and a variety of priorities and business models. There is also strong competition from global and local vendors. Smart city growth is often not continuous and network operators need to carefully consider potential growth across their footprint, combined with their positioning in the different markets where they are present. Network operators are well positioned for the growth of M2M and IoT, which are the basis for many smart city services such as transport related, surveillance/ security and smart metering. Partnerships enable access to smart city expertise. Prior to allocating significant resources, operators need to both see a significant emphasis by governments on smart city investment and be sure they are positioned to take advantage. In most countries, however, there is no significant central government involvement, and city projects tend to move forward only when funding is made available locally, with only limited market potential. The most common approach is for operators to address various verticals that are attractive in them on a nationwide basis, but can also form part of a broader smart city project. According to this smart cities market research, that the option of investing into dedicated smart city resources is not viable for most operators, and rather recommends focusing on M2M and IoT services (and networks) which lowers risk and leaves smart city opportunities open.
The third and regional smart cities market research titled Investment Potential of Smart Cities: An Indian Perspective is first of its kind and will give a whole new perspective about the Smart Cities which are about to come in India. Indian government is planning a huge budget to be spent on the core functions of the Smart City and this report will have you better prepared for the business models coming up in the Smart Cities in India. This is a must buy for urban local bodies and related government agencies, Communication service/equipment providers, Policymakers and regulators, Green building solution providers, Infrastructure development organizations, Intelligent traffic/transportation systems providers, State housing development agencies, Smart grid technology/equipment providers, Power distribution utilities, Meter manufacturers, Water distribution utilities, Security and safety equipment providers, Urban planning and development agencies, Financial institutions and investment agencies, Urban transport operators, Energy management consultants, Disaster management agencies, Construction firms and contractors, IT solution providers and technology providers, Consulting and legal firms, International and national development agencies.
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