New York, NY -- (SBWIRE) -- 07/09/2020 -- Smart cities are aimed for sustainable economic development and high quality of life by using information and communication technologies in multiple areas such as economy, environment, mobility, healthcare, living, and government. Adoption of smart cities solutions, rapid urbanization, and demand for better quality of life are the key factors that drive the growth of the global smart cities market. The main purpose of the smart cities mission is to drive economic growth and to improve the quality of life of individuals by empowering local area development and harnessing technology, particularly the technology which leads to smart outcomes. Therefore, it has been estimated that cities which will deploy smart mobility applications are expected to reduce commuting time by 15-20% by 2025, which shows the benefits of smart cities applications and motivates the governments to adopt it.
Major Key Players of the Smart Cities Market are:
AT&T Inc., Cisco Systems Inc., Ericsson, General Electric, Hitachi Ltd., Honeywell International Inc., Microsoft Corporation, Oracle Corporation, Schneider Electric SE, and others.
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Increasing demand for smart city solutions supported by government initiatives, rising need to manage limited natural resources in a better way, increasing urban population, and growing focus on environmental sustainability are the major factors that fuel the growth of the global smart cities market. However, data security and privacy concerns associated with smart devices are some of the major factors that hamper the growth of the global market. Furthermore, the factor such as emergence of AI in smart cities the market is expected to provide lucrative opportunities for smart cities market growth in the coming years.
The global smart cities market is segmented based on functional area and region. In terms of functional area, the market is divided into smart governance & smart education, smart energy, smart infrastructure, smart mobility, smart healthcare, smart building, and others. As per region, the smart cities market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major Functions of Smart Cities Market covered are:
Smart Governance & Smart Education
Smart Energy
Smart Infrastructure
Smart Mobility
Smart Healthcare
Smart Building
Others
Research objectives:-
– To study and analyze the global Smart Cities consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Smart Cities market by identifying its various sub-segments.
– Focuses on the key global Smart Cities manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Smart Cities with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Smart Cities Market Size
2.2 Smart Cities Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Smart Cities Market Size by Manufacturers
3.2 Smart Cities Key Players Head office and Area Served
3.3 Key Players Smart Cities Product/Solution/Service
3.4 Date of Enter into Smart Cities Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Smart Cities Sales by Product
4.2 Global Smart Cities Revenue by Product
4.3 Smart Cities Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Smart Cities Breakdown Data by End User
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In the end, Smart Cities industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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