Smart Cities Market -Technology Innovations and Growth 2021 to 2030
The rapidly increasing global population and rapid growth in the urban population is driving the demand for sustainable infrastructure across the globe.
PORTLAND, PORTLAND, OR, UNITED STATE, November 10, 2022 /EINPresswire.com/ — According to the report, the global smart cities market was pegged at $517.62 billion and is expected to reach $2.402 Trillion by 2025, registering a CAGR of 21.28% during the period from 2018 to 2025.
Download the Free sample report at: https://www.alliedmarketresearch.com/request-sample/383
An increase in proactive government smart cities initiatives, a rise in urbanization, and an inclination toward improving quality of life have boosted the growth of the global smart cities market.
However, the security and privacy concerns of smart city solutions hamper the market growth. On the contrary, the rise in the adoption of artificial intelligence solutions among smart city projects is expected to create lucrative opportunities in the near future.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/383
The global smart cities market is segmented on the basis of functional area and geography. Based on the functional area, the market is segmented into smart infrastructure, smart governance & smart education, smart energy, smart mobility, smart healthcare, smart building, and others.
The smart infrastructure segment held the largest share of the market in 2017, contributing about 21% of the total market. However, the smart energy segment is projected to manifest the fastest CAGR of 24.7% during the forecast period.
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/383
On the basis of geography, the market is divided into Europe, North America, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). The North America region dominated the market in terms of revenue in 2017, contributing about two-fifths of the total market. However, the Asia-Pacific region is estimated to portray the fastest CAGR of 24.3% during the forecast period.
The report includes an analysis of the major market players such as AT&T Inc., Ericsson, Hitachi Ltd., IBM Corporation, Microsoft Corporation, Cisco Systems Inc., General Electric, Huawei Technologies Co., Ltd., Intel Corporation, and Schneider Electric SE.
Access the full summary at: https://www.alliedmarketresearch.com/smart-cities-market
Highlights of the report:
1. Comprehensive assessment of all opportunities and risks in the global market.
2. Smart Cities Market recent innovations and major events.
3. Detailed study of business strategies for growth of the Smart Cities Market-leading players.
4. Conclusive study about the growth plot of Smart Cities Market for forthcoming years.
5. In-depth understanding of Smart Cities Market-particular drivers, constraints, and major micro markets.
6. Favourable impression inside vital technological and market latest trends striking the Smart Cities Market.
Buy This Research Report at: https://bit.ly/3UE7OHi
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Similar Report:
1. Smart Traffic Camera Market
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
David Correa
Allied Analytics LLP
email us here
+1 503-894-6022
Visit us on social media:
Facebook
Twitter
LinkedIn
