The global smart
cities market is expected to reach a value of USD 1,265.85 billion by
2019, growing at a CAGR of 14.0% from 2013 to 2019. Increase in
migration from rural to urban areas is the major factor responsible
for the growth of smart cities market, globally. North America was
the largest contributor to the smart cities market and accounted for
a share of 34.5% in 2012. This is mainly attributed to the increasing
smart grid investments, upgradation in the water infrastructure and
transportation sector. The manufacturers in this region are investing
more in smart meters and smart grids to provide an excellent
foundation for smart city programs.
Browse the full
Smart Cities Market Report at
http://www.transparencymarketresearch.com/smart-cities-market.html
Among the different
application categories, smart transportation segment held the largest
share of around 16% in 2012. This was due to the growing demand for
advanced traffic management, building a superior environment and
reducing the volume of delivery vehicles. At the same time, smart
transportation links the modes of transport to improve the traffic
flow in both urban and inter-urban networks. Smart transportation
system helps in minimizing the economic burden of government by
reducing traveling delays and fuel consumption rate. Smart security
is the fastest growing segment and is expected to grow at a CAGR of
15.0% during the forecast period from 2013 to 2019. One of the
reasons for the growing popularity of smart security is that it
avoids third party misuse by imposing high security requirements onto
the used technology.
In terms of
geography, North America represents largest market for smart cities
and is expected to reach a market size of USD 392.41 billion by 2019.
The regional governments are taking steps towards reducing the carbon
footprint by increasing the use of renewable energy resources.
Governments in North America are currently working on an objective to
accomplish the target of zero wastage of energy by the year 2020.
Some of the major
players in smart cities market include Siemens AG, ABB Ltd., IBM
Corporation, Hitachi Ltd., Alcatel-Lucent S.A., Honeywell
international Inc., Alstom S.A., General Electric Company,
Telefonaktiebolaget L. M. Ericsson, Cisco Systems Inc., Oracle
Corporation and others.
The global smart
cities market is segmented as below:
Smart Cities Market,
By Application
Smart homes
Smart buildings
Smart energy
management
Smart industrial
automation
Smart healthcare
Smart
transportation
Smart security
Others (smart
water management, smart education, so on)
Smart Cities Market,
By Geography
North America
Europe
Asia Pacific
Rest of the World
(RoW)
About Us
Transparency Market
Research (TMR) is a market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. TMR's experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather and analyze information
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
Contact
Ms. Sheela AK
90 Sate Street,
Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll
Free: 866-552-3453
No comments:
Post a Comment