Global Smart City Market to grow at a CAGR of 19.65% during 2016-2020

MarketResearchReports.Biz has announced addition of new report “Global Smart City Market 2016-2020” to its database.

About Smart City

A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.

Technavios analysts forecast the global smart city market to grow at a CAGR of 19.65% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart city market for 2016-2020. To calculate the market size, the report considers the revenue obtained from components such as smart security, smart infrastructure, smart energy, smart governance, smart education, smart building, smart healthcare, and smart mobility.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio’s report, Global Smart City Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

ABB

Cisco

Ericsson

GE

Google

Huawei Technologies

IBM

Microsoft

Oracle

Schneider Electric

Siemens

 

Other prominent vendors

Accenture

Aeris Communications

Alcatel-Lucent

Digi International

HCL

Hitachi

Honeywell International

HP

Jasper Technologies

KORE Wireless

LG

Mercedes-Benz

NEC

Novatel Wireless

NTT DATA

SAP

Sierra Wireless

Telefonica

Vodafone

Wipro

 

Market driver

Enhanced global broadband connectivity

For a full, detailed list, view our report

 

Market challenge

High cost of upgrading smart grids

For a full, detailed list, view our report

 

Market trend

Presence of strategic alliances in smart city market

For a full, detailed list, view our report

 

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

 

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