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Follow on Google News | Global Smart Cities Market Analysis And Segment Forecasts To 2020Grand 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 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/ 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 Browse All Market Research Reports @ http://www.grandviewresearch.com/ End
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