Intelligent city

Global Intelligent City Market Size, by Smart Buildings Solution (Building Energy Optimization, Emergency Management System), Focus Area (Smart Transportation, Speaker Systems), Smart Transportation, & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025

Category: Telecom and IT     ID: IRP1721     Date: Aug, 2020
The global Intelligent City market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2025, at a CAGR of XX% during 2018 to 2025. Scope of global Intelligent City market includes by Smart Buildings Solution (Building Energy Optimization, Emergency Management System, Parking Management System), by Focus Area (Smart Transportation, Speaker Systems, Soundbars, Firewall), by Smart Transportation (Smart Ticketing, Traffic Management System, Passenger Information Management System, Freight Information System, Connected Vehicles, Others), and by Region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).
A smart city is a well-connected city that organizes various information and communication technologies to share information among public and recover the quality of government services as well as citizen welfare. This technology has been widely accepted in recent years to improve public safety which can range from observing areas of high crime rates to improving emergency preparedness with sensors and many more.

Smart cities encapsulate a significant number of different domains and application areas that are enhanced with technological advancements and their effective use to provide services to people. Be it a major tourism hub or a small community striving to become sustainable, smart city solutions have found their way in diverse areas of an urban lifestyle. The demand for these solutions is anticipated to be on the rise, owing to a number of factors such as growing urban population and the need to better manage limited natural resources for environmental sustainability. Rapid urbanization, aging infrastructure, and adoption of new technology, coupled with the need for improved quality of life, are also driving the market growth.

North America dominated the overall smart cities market in terms of revenue in 2017 owing to significant adoption of smart cities solutions supported by high ICT outgoings among government organizations and high demand for connected solutions across the region. Conversely, Asia-Pacific is expected to witness the highest growth rate through the forecast period due to the factor such as rise in IT spending supported by government initiatives in developing economies such as China, Singapore, India, and South Korea.

The global Intelligent City market is primarily segmented by Smart Buildings Solution, Focus Area, Smart Transportation, and region.

On the basis of Smart Buildings Solution, the market is split into:
* Building Energy Optimization
* Emergency Management System
* Parking Management System

Based on Focus Area, the market is divided into:
* Smart Transportation
* Smart Buildings
* Smart Utilities
* Smart Citizen Services

Based on the Smart Transportation, the market is segmented into:
* Smart Ticketing
* Traffic Management System
* Passenger Information Management System
* Freight Information System
* Connected Vehicles
* Others

Moreover, the market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* AT&T Inc.
* Cisco Systems Inc.
* Ericsson
* General Electric
*Hitachi Ltd.
*Huawei Technologies Co., Ltd.
* IBM Corporation
* Intel Corporation
* Microsoft Corporation
* Schneider Electric SE.

These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their Smart Transportations across the globe.
Key Benefits of the Report:
* Global, regional, country, Smart Buildings Solution, Smart Transportation, and Focus Area market size and their forecast from 2014-2025
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
* Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on Key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, sales contracts, and new product launches in the market
* Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, Smart Buildings Solutions, Smart Transportations, and Focus Areas with qualitative and quantitative information and facts
* Identification of the key patents filed in the field of Intelligent City

Target Audience:
* Intelligent City manufacturer & Smart Buildings Solution Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Traffic Management System and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, Traffic Management System and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, Passenger Information Management System behavior, and Smart Transportation trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Traffic Management System Body & Associations
* Research Institutes

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