The Global Smart Cities Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Smart Cities Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
The global smart cities market size reached USD 457.18 billion in 2021 and is expected to register a revenue CAGR of 13.9% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to rising demand for public security, as well as favorable government initiatives in various countries to develop advanced video surveillance, real-time vehicle number plate, and facial recognition solutions used for public safety in smart cities, emphasizing the importance of monitoring to ensure people’s safety. Increasing energy usage results in higher energy dissipation and carbon emissions, highlighting the need for more sustainable and efficient energy consumption.
Covid 19 impact analysis:
The report includes an analysis of the COVID-19 impact on the Smart Cities Market . The report aims to provide an insightful illustration of the latest market scenario, economic slowdown, social restrictions, and COVID-19 impact on the overall industry. The report provides the impact analysis of the COVID-19 based on different scenarios and includes analysis of potential opportunities post COVID-19, challenges, drivers, and risks.
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Key participants include Cisco Systems, Inc., International Business Machines (IBM) Corporation, SAP, Itron Inc., Telefonaktiebolaget LM Ericsson, Schneider Electric, Siemens, Telensa Inc., Accenture, Cubic Corporation, and Kapsch TrafficCom AG.
The research offers an in-depth survey about the performance of each key player in the Smart Cities Market . It provides information about their current advancements and key market strategies. The report also aims to provide additional information about suppliers, buyers, and manufacturers. The study offers a comprehensive analysis of market share, consumption, growth rate, and product type, and application growth. It further offers comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others.
Emergen Research has segmented the global smart cities market based on solution type, application, and region:
· Solution Type Outlook (Revenue, USD Billion 2019-2030)
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- Smart Transportation
- Smart Buildings
- Smart Utilities
- Smart Citizen Services
- Others
· Application Outlook (Revenue, USD Billion 2019-2030)
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- Security
- Energy Management
- Healthcare
- Industrial Automation
- Buildings
- Transportation
- Others
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Smart Cities Market Segmentation based on Type:
The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. Furthermore, the report analyzes key regions of the Smart Cities Market and their market growth. The key regions list comprises North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report provides details about production and consumption patterns, import/export, supply and demand dynamics, trends, and the presence of prominent players in each region.
Smart Cities Market Regional Analysis Covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Why should you buy this Smart Cities Market report?
• The study paper dissects the total market potential of major regions with strengths, opportunity and challenge, constraints, and dangers.
• By identifying the high-improvement locations, the study inspects the open entryways, keeping an eye out for accomplices.
• It examines each submarket in terms of a single improvement design and its contribution to the market.
• It examines the recent developments, such as advancements, business strategies, new product releases, and acquisitions.
• It purposefully profiles the major market players and thoroughly investigates their advancement strategies.
Thank you for reading our report. For any inquiries about customization, please reach out to us. Our team will ensure you get the report customized as per your needs.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
