Global Smart Cities Market Analysis and Forecast, 2014 – 2020
Smart Cities Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020
The ability to integrate multiple technological solutions in a proper manner to manage the city’s and the sources available in it which includes, local departments information systems, schools, libraries, transportation systems, hospitals, power plants, law enforcement, and other community services is called as smart city. Information and communication technologies (ICT) are used to develop quality, performance and mutual activities of urban services, to reduce costs and resource consumption and to improve contact between citizens and government.
Studying the community, developing a smart city policy, and engaging the community by encouragement of e-gov initiatives are the three major factors associated with smart city development. Rising migration from rural to urban areas is expected to increase growth of this industry. Additionally, increasing popularity towards the green infrastructure and rising energy awareness helps to drive the smart cities market.
The report covers forecast and analysis for the smart cities market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Billion). The report also offers detailed competitive landscape of the global smart cities market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the smart cities market based on application segment and region. Smart homes, smart buildings, smart energy management, smart industrial management, smart healthcare, smart transportation, smart security, others (smart education, smart water, management etc.) are application segment of smart cities market. The smart transportation segment was the leading application in 2012.