Smart Cities Market Keen to Tap Power of Location Data in Bid to Improve Smart City Decision-Making

A smart city can be described as a concept of urban living which integrates information technology and Internet of Things (IoT) to manage a city’s day-to-day operations. A smart city project covers a wide range of urban activities like transportation, library, information, power, water supply, etc.

All of these operations are expected to take place with the help of technology in a bid to improve efficiency and productivity. The ultimate goal of the Smart Cities Market is to elevate the quality of urban life and serve the needs of the residents in an efficient manner.

Scope & Regional Forecast of the Smart Cities Market
The Smart Cities Market considers the prime growth drivers to be a few factors like: a rapidly growing population in and around urban areas; the movement of people from rural to urban areas in great numbers; the potential of smart city solutions to solve various infrastructural challenges faced by local municipal departments; and a growing public demand for the implementation of the smart city concept in a bid to implement sustainable living.

Right now, the Smart Cities Market is dominated by Europe as various cities like London, Paris and Berlin have been eager to adopt the latest smart city trends by investing in various strands of smart city technology. As far as the next few years are concerned, the Asia-Pacific region is expected to drive demand as countries like India are aiming to transform several large cities into sustainable urban areas. Smart city opportunities are expected to grow at a rapid pace as Tier 2 and 3 cities in these countries are also experiencing rapid urbanization and growth rates.

Segmentations & Key Players Involved in the Smart Cities Market
According to IndustryARC findings, the Smart Cities Market can be broken down into various segmentations on the basis of –

Segment: Smart Transportation, Smart Buildings and Infrastructure, Smart IT and Communications, Smart Healthcare, Smart Energy, Smart Education & Governance and Smart Environment.
Solution: Smart Transportation (Passenger Information Systems, Traffic Management Systems, Integrated Supervision Systems, Collision Avoidance Systems, Ticketing Management Systems), Smart Building (Building Energy Management Systems, Building Communication Systems, Parking Management, Building Automation Systems, Water Management, Building Network Technologies), Smart IT and Communications, Smart Healthcare, Smart Energy (Smart Meters, Sensors, Smart communication networks), Smart Education & Governance (Hardware, Software, Services, Education and Governance Content) and Smart Environment (Renewable Energy, Water/ Waste Water/ Sanitation, Others).
Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Smart Cities Market according to IndustryARC are as follows:
Ingersoll Rand Security Technologies
Johnson Controls
Siemens AG
Schneider Electric
Tyco International
Delphi

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Smart Cities Market: Europe to Drive Future R&D into Smart City Technology

A smart city can be described as a concept of urban living which integrates information technology and Internet of Things (IoT) to manage a city’s day-to-day operations. A smart city project covers a wide range of urban activities like transportation, library, information, power, water supply, etc. All of these operations are expected to take place with the help of technology in a bid to improve efficiency and productivity. The ultimate goal of the Smart Cities Market is to elevate the quality of urban life and serve the needs of the residents in an efficient manner.

Scope & Regional Forecast of the Smart Cities Market

The Smart Cities Market considers the prime growth drivers to be a few factors like: a rapidly growing population in and around urban areas; the movement of people from rural to urban areas in great numbers; the potential of smart city solutions to solve various infrastructural challenges faced by local municipal departments; and a growing public demand for the implementation of the smart city concept in a bid to implement sustainable living.

Right now, the Smart Cities Market is dominated by Europe as various cities like London, Paris and Berlin have been eager to adopt the latest smart city trends by investing in various strands of smart city technology. As far as the next few years are concerned, the Asia-Pacific region is expected to drive demand as countries like India are aiming to transform several large cities into sustainable urban areas. Smart city opportunities are expected to grow at a rapid pace as Tier 2 and 3 cities in these countries are also experiencing rapid urbanization and growth rates.

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Segmentations & Key Players Involved in the Smart Cities Market

According to IndustryARC findings, the Smart Cities Market can be broken down into various segmentations on the basis of –

Segment: Smart Transportation, Smart Buildings and Infrastructure, Smart IT and Communications, Smart Healthcare, Smart Energy, Smart Education & Governance and Smart Environment.

Solution: Smart Transportation (Passenger Information Systems, Traffic Management Systems, Integrated Supervision Systems, Collision Avoidance Systems, Ticketing Management Systems), Smart Building (Building Energy Management Systems, Building Communication Systems, Parking Management, Building Automation Systems, Water Management, Building Network Technologies), Smart IT and Communications, Smart Healthcare, Smart Energy (Smart Meters, Sensors, Smart communication networks), Smart Education & Governance (Hardware, Software, Services, Education and Governance Content) and Smart Environment (Renewable Energy, Water/ Waste Water/ Sanitation, Others).

Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Smart Cities Market according to IndustryARC are as follows:

  • Ingersoll Rand Security Technologies
  • Johnson Controls
  • Siemens AG
  • Schneider Electric
  • Tyco International
  • Delphi

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Smart Cities Market: America followed by European countries are the witness growth at high CAGR

Smart cities can be defined as innovative cities having entire urban eco-system in terms of infrastructure and services. The smart city project ensures improved modernization in individual’s lifestyles. There is high scope for the Smart Cities Market across the globe during 2015-2020.

Scope and Regional Forecast of the Smart Cities Market:

According to the IndustryARC research analysis studies on the Smart Cities Market, the main advantages of smart cities are consumption of less energy, better-insulated building and prudent utilization of power.

Europe is the leading market for the Smart Cities Market as the cities including London, Vienna, Paris and few others have already started investing significantly in several aspects of Smart Cities. This region has also huge investments in many research and development program to innovate new technologies though 2020.

Asia Pacific and North America are expected to have high growth in the Smart Cities Market during 2015-2020 due to high population of these regions and increasing investment for the development of smart grid and intelligent cities during 2015-2020.

Segmentation and Key Players of the Smart Cities Market:

The Smart Cities Market is segmented into various categories in the IndustryARC marketing research report by segment, by solutions and by geography.

By segment: Smart Transportation, Smart Buildings and Infrastructure, Smart IT and Communications, Smart Healthcare, Smart Energy, Smart Education & Governance and Smart Environment

By solutions:

Smart Transportation (Passenger Information Systems, Traffic Management Systems, Integrated Supervision Systems, Collision Avoidance Systems and Ticketing Management Systems),

Smart Building (Building Energy Management Systems, Building Communication Systems, Parking Management, Building Automation Systems (Physical Security Systems, Life Security Systems and Facilities Management Systems), Water Management and Building Network Technologies),

Smart IT and Communications (Mobile Technologies, RF Mesh Networks and PLC Networks),

Smart Healthcare (Automatic Tracking Systems, Medical Alert Systems, Medical Communication Systems and Others),

Smart Energy (Smart Meters, Sensors and Smart communication networks),

Smart Education & Governance (Hardware, Software, Services and Education and Governance Content) and

Smart Environment (Renewable Energy, Water/ Waste Water/ Sanitation and Others)

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Smart Cities Market according to the IndustryARC research report are as follows:

  • ABB Ltd (Switzerland)
  • Honeywell International Inc. (U.S.)
  • Cisco Systems Inc. (U.S.)
  • Siemens AG (Germany)
  • Tyco International Plc (Ireland)

The Smart Cities Market is a rapidly growing market with many countries heavily investing for development of their cities using smart city solutions across the globe. This market is expected to witness high growth due to the rising demand for the population for convenient lifestyle and countries improving living standards of the people in various regions across the globe during 2015-2020.

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