The notable players in Smart Cities Market are IBM, Alcatel-Lucent, Accenture, Cisco, Cubic, Honeywell, Intel, Siemens, Oracle and many more.
(PRWEB) January 13, 2015
The report “Smart Cities Market” divides the global market into various sub-segments to provide a detailed analysis and forecasting of revenues. It also provides in-depth insight into the drivers, restraints, opportunities, challenges and ongoing trends in the market.
Browse “Smart Cities Market” through detailed TOC, data tables and figures spread across over 160 report pages.
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The rapid growth in migrations of the global population towards the urban areas has strained the planned development of various metropolises throughout the globe. The growing ecological crisis has led to strict environmental compliance and regulations. These challenges could be addressed through the solution of “Smart Cities” with sustainable infrastructure for a smarter life. The smart cities market provides advanced solutions for smart homes, innovative industry, and smart transportation, smart resource management, smart utility and smart security.
These solutions are implemented to create a better connectivity which provides better access to the data on real time basis for efficient management. This has driven the governments to implement innovative solutions to the challenges of urbanization. Such innovative solutions would generate feedback from the end users, creating a better relation between the citizen and service provider. It will be a mixture of all infrastructures, social capital including local skills and community institutions and digital technologies to fuel sustainable economic development and provide an attractive environment for all. This demand also includes the rising requirements for sustainability and energy conservation in the markets such as APAC and MEA.
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.
Smart Cities market is estimated to reach $1,134.84 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 22.5% during the forecast period 2014–2019.
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