Smart Cities Market report has segmented the market into five geographies covering production, consumption, revenue (million USD), and market share and growth rate of Smart Cities markets from 2017 to 2021.

New York, NY -- (SBWire) -- 02/22/2018 --Study papers on Smart Cities market and regional forecast. Smart Cities market players are Siemens, Intel, Honeywell, Cubic, Cisco, ABB, Accenture, Alcatel-Lucent, and IBM. Oracle has developed a modular multi-channel solution to expand their customer base and also a city platform that comprises of complex IT infrastructure to facilitate future operating systems.

Download Sample Brochure of Smart Cities Market spread across 105 pages, profiling 7 companies and supported with tables and figures is now available at https://www.reportsanddata.com/sample-enquiry-form/936

The rising rate of global population on account of demographic shifts, utilization of new technologies, and urbanization have brought in the realization of innovating new cities capable enough of keeping up the pace with globalization. As regions becomes more inclined towards developing manufacturing capabilities, inward migration of existing population to adore employment and urban lifestyle is catering the development of smart cities at large. Smart cities are a part of organized flow of information technologies in buildings which are integrated to add value for sustainable living. The use and compilation of various electronic data that are initiated by sensors acts as a source in order to manage resources and assets judiciously.

The developments of smart cities are carried out in large phases to address the need of public safety, urban mobility, street lightning, energy and water management. The entire structure is supported by latest innovation in IT that includes data analytics, sensor monitoring, cloud computing and wireless communication. Regardless of barriers, the innovation that leads to the introduction of smart houses is largely dependent on mobile platforms.

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The primary focus of smart cities is entirely established on the grounds of reducing the dependence on non renewable sources of energy, while shifting the dependence towards renewable and projecting the need for green infrastructures in future. Government initiatives and stakeholders engagement in deriving the funding for planning smart cities is expected to propel over the coming years.

Some of the major drivers include fast telecom provisions, rapid connectivity, and hyper-urbanization which are anticipated to play a crucial role in the markets deploy and development. Globally, developed cities are implementing the need of smart solutions in various sectors such as utilities, transportation, citizen services and buildings in order to gain optimal utilization of energy, better standard of living and economic stability.

Rise in solutions such as guidance systems, passenger information system, parking management, ticketing management, and traffic management is expected to favour the transportation segment over the next few years. Application of smart grids in optimizing the energy consumption by integration of communication infrastructure and intelligent systems is expected to play a major role in the merger of power technologies and ICT.

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The market segmentation is based on by solution, by deployment type, by enterprise, by application industry, and by region.

By application
- Smart security
- Smart energy management
- Smart healthcare
- Industrial automation
- Smart buildings
- Smart homes
- Smart transportation
- Others

The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2017 to 2021? What will be the share and the growth rate of the Smart Cities Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Smart Cities market across the different regions?
- What are the challenges faced by the companies operating in the Smart Cities Market?
- What are the future prospects for the Smart Cities Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Smart Cities industry during the forecast period, 2017 to 2021?
- What are the future prospects of the Smart Cities industry for the forecast period, 2017 to 2021?

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