January 31, 2019: This report focuses on the global Smart City status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart City development in United States, Europe and China.
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.
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The smart infrastructure sector will be the largest segment in the market. The rising adoption of smart water management systems, which are based on ICT (information and communications technology), will be one of the main drivers for the growth of this segment. These smart water management systems collect real-time information on water leakage and assist in the prevention of water loss.
Smart city market analysis predicts EMEA will dominate the market. The availability of high-speed wireless networks and the introduction of smart grids enables the increased adoption of sensors in the automotive and healthcare sectors. Also, huge investments by the government for the implementation of intelligent traffic systems and development of smart homes will help in the evolution of the market.
In 2017, the global Smart City market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
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The key players covered in this study
- Europe Mobile
- NTT Communications
- Verizon Communications
- Schneider Electric
Market segment by Type, the product can be split into
- Smart Security
- Smart Infrastructure
- Smart Energy
- Smart Education
- Smart Building
- Smart Healthcare
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