The smart cities market expected to grow from US$ 902.91 billion in 2017 to US$ 3651.49 billion by 2025; it is estimated to grow at a CAGR of 19.08% from 2017 to 2025.
The global smart cities market for the industry verticals is fragmented into smart healthcare, smart infrastructure, smart governance, smart transportation, smart energy, and smart education. The segmentation is based upon various aspects of smart cities. Smart infrastructure accounts largest market share of smart cities industry verticals market and is expected to continue its dominance throughout the forecast period. The concept of smart infrastructure is an approach that is contemporary in urban planning and design for sustainable infrastructure development because of its integrated ICT approach adopted for sustainable development. As the adoption and deployment of smart objectives wide spreads across the globe, the market for each individual industry vertical in smart cities market is also anticipated to grow.
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Technology integration helps cities to improve efficiency, enhance their economic potential, reduce costs, open the door to new business and services, and improve the living conditions of its citizens. A key condition for value creation through integration is the compatibility of technologies; which is best achieved through common and consensus-based standards that ensure interoperability.
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Smart Cities, Global Breakdown by Regions, 2016 (%)
The report segments the global smart cities market as follows:
Global Smart Cities Market - By Industry Verticals
• Smart Infrastructure
• Smart Energy
• Smart Healthcare
• Smart Governance
• Smart Education
• Smart Transportation
Global Smart Cities Market - By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o Spain
o U.K.
o Rest of Europe
• Asia Pacific (APAC)
o Japan
o China
o India
o Australia
o Rest of APAC
• Middle East & Africa (MEA)
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA
• South America (SAM)
o Brazil
o Rest of SAM
Smart Cities Market – Company Profiles
• Sentient Technologies Holdings Limited
• Manthan Software Services Pvt. Ltd
• Focal Systems Inc
• Microsoft Corporation
• ViSenze
• Tata Consultancy Services Limited
• Salesforce.com, Inc.
• Plexure Ltd.
• Google,Inc.
• IBM Watson Group
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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