Smart Cities Market Share, Size and Forecast By 2025

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GLOBAL OPPORTUNITY AND FORECAST 2018- 2025
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Smart Cities Market Analyst Review
China is expected to grow at the highest CAGR
during the forecast period due to significant
growth in adoption of smart cities solutions on
account of large number of smart cities pilot
projects in the country. Pramod Borasi Research
Assosciate, ICT at Allied Market Research
 
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CURRENT AND FUTURE MARKET SCENARIO

• The global smart cities market was valued at
  517,629 million in 2017 and is projected to
  reach 2,402,123 million by 2025.
• The global smart cities market growing at a CAGR
  of   CAGR of 21.28 from 2018 to 2025. 
• The software segment dominated the overall
  digital signature market, in terms of revenue,
  and is projected to grow at a CAGR of 30.7
  during the forecast period.
• The cloud-based digital signature market
  dominated the global market in 2014, and is
  anticipated to grow at the highest CAGR from 2016
  to 2022.

Top Investment Pockets Smart cities use different
information and communication technologies to
fuel sustainable economic growth. They are
focused to provide enhanced urban services to
reduce overall resource costs and energy
consumption. The factor that drives the global
smart cities market includes continuous growth in
urbanization resulting in increasing demand for
smart technology for efficient day-to-day
services for better resource management. In
addition, proactive government solutions for
smart cities deployment due to the wide adoption
of Internet of Things (IoT) devices is expected
to boost the growth of the global market.
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TOP IMPACTING FACTORS TO MARKET GROWTH

• Government smart city initiatives.
• Rise in need of better natural resource
  management.
• Growth in need of public safety and security.

Based on functional area, the smart
infrastructure segment dominated the global smart
cities market in 2017 due to demand of advanced
security and safety devices among public
organizations. Furthermore, the smart energy
segment is expected to grow at the highest CAGR
during the forecast period due to increase in
demand for energy efficient solutions driving the
adoption of smart energy meters to meet the
unique challenges associated with the increasing
demand of energy for continuously growing
population.
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The global smart cities market is
segmented based on functional area and region.
Based on functional area, it is categorized into
smart governance smart education, smart energy,
smart infrastructure, smart mobility, smart
healthcare, smart building, and others.
Smart Cities Market Segmentation

• By Functional Area
• Smart Governance Smart
• Smart Energy
• Smart Infrastructure
• Smart Mobility
• Smart Healthcare
• Smart Building
• Others

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The smart infrastructure segment dominated the
global smart cities market in 2017 due to demand
of advanced security and safety devices among
public organizations.
The smart energy segment is expected to grow at
the highest CAGR during the forecast period due
to increase in demand for energy efficient
solutions
By end user, the smart infrastructure segment
dominated the global smart cities market during
the forecast period.
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GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• In 2017, North America accounted for the highest
  revenue among the other regions.
• By region, Asia-Pacific is anticipated to exhibit
  substantial growth during the forecast period.

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DOMINATING MARKET PLAYERS PROFILED IN THE STUDY

• ATT, Inc.
• Cisco Systems Inc.
• Ericsson
• General Electric
• Hitachi Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Schneider Electric SE

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A Report Titled Smart Cities Market -
Opportunities And Forecast, 2018 2025 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Smart Cities Market -
Opportunities and Forecast 2018-2025 Access Full
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