The global smart city market size was valued at $83.9 billion in 2019 and is expected to grow at a CAGR of 24% from 2021 to 2027. The concept of smart city is also drawing attention as awareness of’smart everything’ is increasing. This is essentially the end result of any brokerage technology. In addition, support from central/federal governments, municipal governments and dedicated government agencies have made a major contribution to leading the global market. In addition, financing and financing models, governance structures, technological ecosystem and infrastructure advancements are playing an important role in smart city deployment.
A full report of Smart Cities Market available at: https://www.orionmarketreports.com/smart-city-market/10973/
Smart Cities Market- Segmentation
By Focus Area
• Smart Transportation
• Smart Buildings
• Smart Utilities
• Smart Citizen Services
By Smart Transportation
Solutions
• Smart Ticketing
• Traffic Management System (Parking management, Traffic surveillance)
• Passenger Information Management System
• Freight Information System
• Connected Vehicles
• Others (transport data management, ride sharing and integrated mobility solutions)
Services
• Consulting
• Deployment and integration
• Infrastructure monitoring and management
By Smart Buildings Solution
• Type
• Solutions
• Services
By Smart Utilities Solution
• Type
• Solutions
• Services
By Smart Citizen Services
• Public safety
• Smart healthcare
• Smart education
• Smart Street Lighting
• e-Governance
Key Market Players
• AT&T, Inc.
• Cisco Systems Inc.
• Ericsson
• General Electric
• Hitachi Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Schneider Electric SE
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
