Precision Business Insights has published a report on the global smart cities market, estimating its value at USD 473.68 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 17.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/smart-cities-market
The Smart Cities Market refers to the industry that combines technology and data-driven solutions to improve urban living. Smart cities employ IoT, AI, and 5G connection to enhance infrastructure, transportation, energy efficiency, and public services. The objective is to develop urban landscapes that are sustainable, efficient, and linked, maximizing resources while reducing environmental impact and improving inhabitants' quality of life.
Drivers:
- Environmental Sustainability Initiatives – Cities are focusing on energy efficiency, waste management, and carbon reduction to meet global climate goals.
- Demand for Improved Public Services – Smart solutions enhance transportation, healthcare, security, and governance, improving quality of life.
The global smart cities market segmentation:
1) By Focus Area: Smart Buildings, Smart Citizen Services, Smart Transportation and Smart Utilities
2) By Smart Transportation: Connected Vehicles, Freight Information System, Passenger Information Management System, Smart Ticketing, Traffic Management System and Others (transport data management, ride-sharing and integrated mobility solutions)
3) By Smart Buildings Solution: Building Energy Optimization, Emergency Management System and Parking Management System
4) By Smart Utilities Solution: Advanced Metering Infrastructure, Distribution Management System and Substation Automation
Request sample report at https://www.precisionbusinessinsights.com/request-sample/?product_id=39685
Regional Overview:
The report also examines the current concerns and their Future Effects on the smart cities market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the smart cities market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Cisco Systems, IBM, Siemens AG, Schneider Electric, Ericsson, Vodafone, Itron Inc., Verizon, Telensa, ABB, Honeywell International Inc., SAP SE, KAPSCH Group, Microsoft Corporation, Intel Corporation, Hitachi Ltd., Huawei Technologies Co., Ltd., Cisco Systems Inc., AGT International.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747
Comments
0 comment