The
global smart cities market is expected to reach a value of USD
1,265.85 billion by 2019, growing at a CAGR of 14.0% from 2013 to
2019. Increase in migration from rural to urban areas is the major
factor responsible for the growth of smart cities market, globally.
North America was the largest contributor to the smart cities market
and accounted for a share of 34.5% in 2012. This is mainly attributed
to the increasing smart grid investments, upgradation in the water
infrastructure and transportation sector. The manufacturers in this
region are investing more in smart meters and smart grids to provide
an excellent foundation for smart city programs.
Browse
the full Smart Cities Market Report at
http://www.transparencymarketresearch.com/smart-cities-market.html
Among
the different application categories, smart transportation segment
held the largest share of around 16% in 2012. This was due to the
growing demand for advanced traffic management, building a superior
environment and reducing the volume of delivery vehicles. At the same
time, smart transportation links the modes of transport to improve
the traffic flow in both urban and inter-urban networks. Smart
transportation system helps in minimizing the economic burden of
government by reducing traveling delays and fuel consumption rate.
Smart security is the fastest growing segment and is expected to grow
at a CAGR of 15.0% during the forecast period from 2013 to 2019. One
of the reasons for the growing popularity of smart security is that
it avoids third party misuse by imposing high security requirements
onto the used technology.
In
terms of geography, North America represents largest market for smart
cities and is expected to reach a market size of USD 392.41 billion
by 2019. The regional governments are taking steps towards reducing
the carbon footprint by increasing the use of renewable energy
resources. Governments in North America are currently working on an
objective to accomplish the target of zero wastage of energy by the
year 2020.
Request
for customization of this report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=357
Some
of the major players in smart cities market include Siemens AG, ABB
Ltd., IBM Corporation, Hitachi Ltd., Alcatel-Lucent S.A., Honeywell
international Inc., Alstom S.A., General Electric Company,
Telefonaktiebolaget L. M. Ericsson, Cisco Systems Inc., Oracle
Corporation and others.
The
global smart cities market is segmented as below:
Browse
Press Release Global Smart Cities Market
http://www.transparencymarketresearch.com/pressrelease/smart-cities-market.htm
Smart
Cities Market, By Application
- Smart homes
- Smart buildings
- Smart energy management
- Smart industrial automation
- Smart healthcare
- Smart transportation
- Smart security
- Others (smart water management, smart education, so on)
Smart
Cities Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
Chemical & Materials Market Research Reports @
http://www.transparencymarketresearch.com/chemical-market-reports-2.html
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Ms.
Sheela AK
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment