Smart City Market Research Report by Forecast to 2022
Summary A number of technologically advanced cities are making extensive of the Internet of Things (IoT) platforms with the objective to track city infrastructures, manage parking, traffic flows as well as water and air quality among others. smart cities large-scale use of the resulting smart data in an attempt to deal with longer-term planning decisions that are based on environmental sustainability. Therefore, with the fast move towards urbanization, the number of smart city initiatives as well as projects can be expected to surge in the coming years.
Smart City Market Research Report by Forecast to 2022
Major Key Players: • • • • • • •
Huawei Technologies Co Ltd. (China) IBM Corporation (U.S.) Cisco Systems, Inc.(U.S.) AT&T Inc. AG (U.S) Siemens AG (Germany) Oracle Corporation (U.S.) Microsoft Corporation (U.S.)
Segmentation: • •
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Component and application are the top segments considered while studying the global smart city market in the MRFR report. Market segmentation depending on component includes software, service and hardware. The hardware component forms the biggest market and has the potential to attain a growth rate of 30.65% during the review period. Market segmentation, application-wise covers transport, utility, residential, government, healthcare education, and others. Between these, the transport application is the leading segment in the market and can expect to accrue a CAGR of approximately 30.34% by 2022.
Regional Analysis: The geographical distribution of the worldwide market for smart city can be considered for Europe, Asia Pacific (APAC), North America, in addition to the Rest of the World (RoW).
