Big players such as IBM and Accenture establish leadership in the market place. Tier 1 infrastructure players such as ABB, Siemens, Alstom, and Schneider and leading technology vendors such as Cisco to have established a significant market presence
(PRWEB) September 27, 2013
According to a new market research report, “Smart Cities Market – Worldwide Projects, Regional Adoption & Transformations, and Market (by Smart Homes; Building Automation – Physical Security, Life Security, Facilities Management; Energy Management – Smart Grid; Industrial Automation; Citizen Services – Healthcare, Education, Water; Smart Transportation – Traffic Management, Supervision, Passenger Information, Ticketing, Parking Management; Security – Urban Security, Critical Infrastructure Protection, ID Management, Cyber Security) Forecast 2012 - 2016”, the total Smart cities market is expected to reach more than $1 trillion by 2016, at a CAGR of 14.2%.
Browse 75 market tables and in-depth Table of Content on “Smart Cities Market”.
Early buyers will receive 10% customization on this report.
Globally, there are some 700 cities, each with population exceeding 500,000 and are growing faster than the average growth rate of cities. This opens up the market for industry players to grow their business in new and emerging smart cities. The infrastructure investment for these cities is forecasted to be $30 trillion to $40 trillion, cumulatively, over the next 20 years.
With growing emphasis on reducing carbon emission and the fact that conventional cities form a major source of CO2 emission, planning a smart city becomes a viable option for governments and municipal authorities. Deploying technologies such as smart grids, smart metering for energy management; electric vehicle and traffic management with smart transportation and smart security are high growth areas within smart cities.
The overall smart cities market, valued at $526.3 billion in 2011, is forecasted to grow double fold to $1,023.4 billion by 2016, at a CAGR of 14.2% for the period 2011 to 2016. Among all application segments, we observe smart energy or energy management market to be the fastest growing market with an impressive CAGR of 28.7%, growing to $80.7 billion by 2016.
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the smart cities market in North America, Europe, Asia-Pacific and ROW.
Along with the special coverage of 18 ongoing key smart cities project, the report also draws the competitive landscape of the smart cities market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors.
Browse related reports
Smart Building Market [Building Automation Systems, Physical Security, Building Energy Management Systems (BEMS), Building Communication Systems, Parking Management, Water Management, Networking], Worldwide Market Forecasts and Analysis (2013 - 2018)
Smart Transportation Market - By Solutions (Ticketing Management, Parking Management, Passenger Information, Traffic Management), Services (Traditional, Advanced, Software) Worldwide Analysis And Forecasts (2012 – 2018)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets