Smart Cities Market Projected to Register 21.28% CAGR to 2025 | AT&T, Cisco Systems, Ericsson, General Electric, Hitachi, Honeywell International, Microsoft Corporation, Oracle Corporation, Schneider Electric

Smart Cities Market

Smart cities are aimed for sustainable economic development and high quality of life by using information and communication technologies in multiple areas such as economy, environment, mobility, healthcare, living, and government. Adoption of smart cities solutions, rapid urbanization, and demand for better quality of life are the key factors that drive the growth of the global smart cities market. The main purpose of the smart cities mission is to drive economic growth and to improve the quality of life of individuals by empowering local area development and harnessing technology, particularly the technology which leads to smart outcomes. The global smart cities market was valued at $517,629 million in 2017 and is projected to reach $2,402,123 million by 2025, registering a CAGR of 21.28% from 2018 to 2025.

Increasing demand for smart city solutions supported by government initiatives, rising need to manage limited natural resources in a better way, increasing urban population, and growing focus on environmental sustainability are the major factors that fuel the growth of the global smart cities market. Furthermore, the factor such as emergence of AI in smart cities the market is expected to provide lucrative opportunities for smart cities market growth in the coming years.

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Key Players of Smart Cities Market:
AT&T, Cisco Systems, Ericsson, General Electric, Hitachi, Honeywell International, Microsoft Corporation, Oracle Corporation, Schneider Electric, and others.

Global Smart Cities Market Analysis to 2025 is a specialized and in-depth study of the Smart Cities industry with a focus on the global market trend. The report aims to provide an overview of global Smart Cities Market with detailed market segmentation by product/application and geography. Smart Cities Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.

The global smart cities market is segmented based on functional area and region. In terms of functional area, the market is divided into smart governance & smart education, smart energy, smart infrastructure, smart mobility, smart healthcare, smart building, and others. As per region, the smart cities market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits:

  1. The study presents an in-depth analysis of the global smart cities market along with the current trends & future estimations to elucidate the imminent investment pockets.
  2. Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
  3. Porter's five forces analysis illustrates the potency of the buyers and the suppliers operating in the industry.
  4. The quantitative analysis of the global market from 2018 to 2025 is provided to determine the market potential.

Table of Contents:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Smart Cities Market, By Type
Chapter 5 Smart Cities Market, By functional area
Chapter 6 Smart Cities Market, By Geography
Chapter 7 Company Profiles

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