Global Smart Cities Market Size, Trends & Analysis - Forecasts to 2026
Actionable Insights in Global Smart Cities Market
According to a new market research report published by Global Market Estimates, the Global Smart Cities Market is seen to grow at a substantial rate of 19.6% for the forecast period of 2020 - 2026. A smart city can be defined as the development of an urban or rural area using electronic methods or sensors and collect data. Insights gained from the corresponding data are used to control assets, supplies, and assistance efficiently. Hence, ensuring stable and tranquil movements in the town. Through the existing scenario, since the COVID-19 outbreak, the effects of the pandemic has reached a critical phase across the globe, several government bodies and administrations are marshaling smart city solutions to tackle the crisis efficiently, such as the use of GPS and heat maps to monitor as well as locate COVID patients quicker for immediate attention and aid. The factors which contribute to the growth of the market are an increase in crime rates, inefficient development by the government in various countries concerning infrastructure, transportation, and services provided to the benefit of the citizens, adaptation of advanced technologies like AI, VR, robotics, and many other technologies, an increase in urbanization, and surging demand for a pleasanter life amongst the citizens.
Browse 118 Market Data Tables and 107 Figures spread through 163 Pages on "Global Smart Cities Market - Forecasts to 2026" https://www.globalmarketestimates.com/market-report/global-smart-cities-market-2260
By Type of Focus Area (Smart Transportation, Smart Buildings, Smart Utilities, and Smart Citizen Services), By Smart Transportation (Solutions [Smart Ticketing, Traffic Management System, Passenger Information Management System, Freight Information System, Connected Vehicles, and Other Solutions] and Services [Consulting, Deployment & Integration, and Infrastructure Monitoring & Management]), By Type of Smart Buildings Solution (Type [Residential and Commercial], Solutions [Building Energy Optimization], and Services [Consulting, Deployment & Integration, and Infrastructure Monitoring & Management]), By Type of Smart Utilities Solution (Type [Energy, Gas, Water, and Other Utilities], Solutions [Advanced Metering Infrastructure, Meter Data Management, Meter Data Analytics, Smart Meters, Distribution Management System, Substation Automation, and Other Solutions], and Services [Consulting, Deployment & Integration, and Infrastructure Monitoring & Management]), By Type of Smart Citizen Services (Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, and e-Governance), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America), End-User Landscape, Vendor Landscape, Company Market Share Analysis, and Competitor Analysis
Key Market Insights:
· The global smart cities market will flourish during the forecast periodwith a CAGR value of 19.6%.
· The distribution management system segment will be seen to assist the rise of the global market in terms of the type of smart utility outlookfrom 2020 to 2026.
· The public safetysegment is analyzed to have a magnificent growth in the global smart cities market under the segment of smart citizen’s services segment.
· As per thegeographical analysis, APAC is seento have a vital growth inthe forecast period.
The key players in the Smart City market are Cisco Systems Inc., IBM Pvt. Ltd., Siemens AG, Schneider Electric Pvt. Ltd., Ericsson Pvt. Ltd., Vodafone Group PLC, Itron Inc., Verizon Communication Inc., Telensa Ltd., ABB Ltd., Honeywell International Inc., SAP SE, KAPSCH Group, AGT International Co. Ltd., and other companies.
Browse the global smart cities market Report @ https://www.globalmarketestimates.com/market-report/global-smart-cities-market-2260
· Type ofFocus Area Outlook (Revenue, USD Million, 2020 - 2026)
· Smart Transportation
· Smart Buildings
· Smart Utilities
· Smart Citizen Services
· Type of Smart Transportation Outlook (Revenue, USD Million, 2020 – 2026)
· Solutions
· Smart Ticketing
· Traffic Management System
· Passenger Information Management System
· Freight Information System
· Connected Vehicles
· Others Solutions
· Services
· Consulting
· Deployment &Integration
· Infrastructure Monitoring & Management
· Type of Smart Building Solutions Outlook (Revenue, USD Million, 2020 – 2026)
· Type
· Residential
· Commercial
· Solutions
· Building Energy Optimization
· Services
· Consulting
· Deployment & Integration
· Infrastructure Monitoring & Management
· Type of Smart Utilities Solution Outlook (Revenue, USD Million, 2020 – 2026)
· Type
· Energy
· Gas
· Water
· Others Utilities
· Solutions
· Advanced Metering Infrastructure
· Meter Data Management
· Meter Data Analytics
· Smart Meters
· Distribution Management System
· Substation Automation
· Others Solutions
· Services
· Consulting
· Deployment & Integration
· Infrastructure Monitoring & Management
· Type ofSmart Citizens Services Outlook (Revenue, USD Million, 2020 – 2026)
· Public Safety
· Smart Healthcare
· Smart Education
· Smart Street Lighting
· E-Governance
· Regional Outlook (Revenue, USD Million, 2020 - 2026)
· North America
· The U.S.
· Canada
· Mexico
· Europe
· Germany
· UK
· France
· Spain
· Italy
· Rest of Europe
· Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of APAC
· Central & South America
· Brazil
· Argentina
· Chile
· Rest of CSA
· Middle East & Africa
· Saudi Arabia
· South Africa
· UAE
· Rest of MEA
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