Increasing urban population along with
industrialization has positively impacted the smart cities market, according to
a new study by Grand View Research, Inc. Integrated citywide
solutions in order to address a range of issues such as public safety, street
lighting, energy, water management and urban mobility are expected to be
implemented within the forecast period. Growing range of suppliers and improved
local economies are expected to favor the emerging needs for the market. Lack
of investments in legacy systems, political and socio-economic factors could
pose a challenge to market growth. Increasing need for electronic waste
management due to proliferation of electronic components is a considerable
opportunity for companies operating in the market.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/smart-cities-market
Further
key findings from the study suggest:
- Smart security is expected to account for majority of the overall market share and remain the dominant segment up to 2020. This is mainly attributed to reduced third party misuse by imposition of high security requirements. Smart transportation is expected to minimize the economic burden of regulatory bodies by reducing fuel consumption and traveling delays.
- North America is expected to continue being the largest regional market over the next six years. Expanding transportation sector, improvements in water infrastructure and increasing smart grid investments have spurred regional growth. Government regulations towards reducing carbon footprint by use of renewable resources are expected to drive the regional market. Asia Pacific is expected to witness high growth, mainly due to high residential development demand in China and India.
- Key companies operating in the market include IBM, Alcatel-Lucent, Accenture, ABB, Cisco, Cubic, Honeywell and Oracle. Manufacturers in Asia Pacific have been focusing on investments in R&D activities in order to ensuring global presence and strengthen their distribution network.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of this study, Grand View Research
has segmented the global smart cities market on the basis of application and
region:
Smart Cities
Application Outlook (Revenue, USD Million, 2012 – 2020)
• Smart
Energy Management
• Smart
Security
• Smart
Transportation
•
Industrial Automation
• Smart
Healthcare
• Smart
Buildings
• Smart
Homes
• Others
Smart Cities
Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North
America
• Europe
• Asia
Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Blog
Site: http://www.divog.org/
No comments:
Post a Comment