Summary
The global Smart City Platforms Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
A smart city is a virtual urban community that utilizes various forms of sensors and electronics to gather data in the form of intelligence. Such insights gained from this data are then used to effectively manage resources, assets, and services efficiently; and in turn, this information is used to enhance the overall operations across the entire city. Smart cities are built around smart technologies such as smart grids, sensor data loggers, and other computer-related technologies. These technologies help collect, process, and analyze real-time data from a wide range of sensors and traffic lights to provide essential management services.
The global smart city platforms market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
The increasing expansion of smart cities in the world is expected to fuel the growth of the global smart city platforms market over the forecast period. For instance, according to IMD Smart City Index 2019, there are 102 cities in the world. A smart city may implement sensors for monitoring traffic flows and detecting vehicles speeding, pedestrians crossing streets, and illegal drug use. Traffic signals are then controlled or modified to prevent such activities. Similarly, smart grid technology facilitates the collection, processing, and distributing of energy consumption data to various electricity providers for ensuring low energy usage across cities. Increasing investment in urban development in the world is estimated to assess the growth of the global smart city platforms market.
Restraints:
Several side effects of over-urbanization are expected to hinder the growth of the global smart city platforms market.
Regional Insights:
In regions, Asia Pacific is expected to hold a major share of the global smart city platforms market, owing to increasing urbanization in the region. For instance, according to ORF, there are 69 cities in India are under the Smart Cities Mission. Moreover, North America is estimated to witness significant growth in the global smart city platforms market owing to the increasing incidence of disposable income in the region.
Competitive Section:
Key players operating in the global smart city platforms market include Ubicquia, thethings.iO, Smarter City Solutions, Siradel, Sierra Wireless, Siemens, SICE, Schneider Electric, SAP, Oracle, NEC, Microsoft, KaaIoT Technologies, Intel, IBM, Huawei, Hitachi, Google, Fybr, Fujitsu, Ericsson, Cisco, CIMCON Lighting, Bosch.io, AWS, and Alibaba.
In February 2020, Connexin and Cisco partnered in order to build a smart city in the UK.
In November 2019, Huawei introduced “HiCity” Intelligent City Solution based on the Horizon Digital Platform.
The Smart City Platforms Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Smart City Platforms Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Cisco
- IBM
- Microsoft
- Hitachi
- Siemens
- Schneider Electric
- Huawei
- Intel
- GE
- AT&T
- Oracle
- Ericsson
- Nokia
- Itron
- Verizon
- Honeywell
- SAP
By Product Type, the market is primarily segmented into:
- Connectivity Management Platform
- Integration Platform
- Device Management Platform
- Security Platform
- Data Management Platform
- Other
By Applications, the market is segmented into:
- Smart Mobility/Transportation
- Extended City Services
- Smart Utilities
- Infrastructure Management
- Environment Planning
- Other
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Smart City Platforms Market Report:
- To assess the size of the market by value and volume
- Analyze the Smart City Platforms Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Smart City Platforms Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Smart City Platforms Market
The Smart City Platforms Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Smart City Platforms Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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