Smart Cities Market : Applications, Technology Trends, Growth Drivers and Challenges

The global smart cities market is gaining huge traction. In addition, effective city asset management for public welfare, substantial operational cost savings, and automated public data generation applications contribute to the growth of global smart cities market. Due to significant growth in automation technologies such as internet of things (IoT) and adoption of cloud based technologies, the global smart cities market is gaining huge traction. In addition, effective city asset management for public welfare, substantial operational cost savings, and automated public data generation applications contribute to the growth of globally

Explore Report Description at: https://www.psmarketresearch.com/market-analysis/smart-cities-market

Hardware component has been the larger revenue contributor to the global smart cities market. The hardware components used in the global smart cities market includes physical devices such as sensors, actuators, and chips. With the deployment of a combination of such hardware devices with software applications, traditional networks which are present in the city infrastructure are made more flexible, efficient and sustainable. This is achieved by efficient use of information, digital and telecommunication technologies to improve the overall operation of the city, benefiting its inhabitants.

Download Free Report Sample @ https://www.psmarketresearch.com/market-analysis/smart-cities-market/report-sample  

Demand for smart healthcare and smart utility is also the key factors driving the growth of global smart cities market. The advancement in mobile and digital technologies is escalating the demand for smart healthcare in smart cities market. Local authorities in several countries are also focusing towards enhancing the communication with its citizens to ensure public healthcare as a priority, through regular health check-up’s and analysis of past public health data for policy formation. Advancement and adoption in smart utilities such as smart grids, smart meters, and smart waste management system has gained huge interest from public policy makers to integrate next generation smart utility applications, right from the lowest level of smart city development.

The research states that the global smart cities market is moderately competitive, with players investing in research & development of new automated solutions. Some of the key players operating in the smart cities market are Cisco Systems Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Google, Inc., General Electronics (GE), and ABB Group.

%d bloggers like this: