Global Smart City Market 2018-2022: Market to Grow at a CAGR of 22.21% - Proliferation of Smart City Projects in Developing Economies

DUBLIN, Sept 20, 2018 /PRNewswire/ --

The "Global Smart City Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global smart city market to grow at a CAGR of 22.21% during the period 2018-2022.

Global Smart City Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

The latest trend gaining momentum in the market is the proliferation of smart city projects in developing economies. The rapid urbanization in countries like India is a major factor responsible for the roll out of smart city projects as smart city infrastructure helps end-users respond faster to challenges faced by urban settlements.

According to the report, one of the major drivers for this market is the reduced price of connected devices. IoT systems have revolutionized the connected network ecosystem. Smart city infrastructure is based on an efficient, connected network system. Reduction in the cost of the IoT sensors and associated systems along with reduction in the cost of broadband services has resulted in the implementation of smart cities across the world.

Further, the report states that one of the major factors hindering the growth of this market is the high cost of upgrading smart grids. The costs involved in upgrading smart grids include additional investments in distribution systems, replacement of transmission lines, power delivering systems, substation digitalization, and digital controls.

Key vendors

• ABB
• Alphabet
• Cisco Systems
• IBM
• Microsoft
• Oracle

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: MARKET SIZING

• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application
• Comparison by application
• Smart governance and education
  
• Smart energy
• Smart healthcare
  
• Smart security
• Others
  
• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
  

For more information about this report visit

https://www.researchandmarkets.com/research/3trlh8/global_smart_city?w=5

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SOURCE Research and Markets