Global Smart Cities Market Analysis And Segment Forecasts To 2020

Grand View Research has announced the addition of "Global Smart Cities Market Analysis And Segment Forecasts To 2020" Market Research report to their Database
By: Grand View Research
 
SAN FRANCISCO - Nov. 4, 2014 - PRLog -- 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.

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.

View Full Report With TOC : http://www.grandviewresearch.com/industry-analysis/smart-cities-market

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

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Tags:New Generaetion Technology, Market Research, Smart Cities
Industry:Technology
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