Smart Cities Market

Smart Cities Market is expected to reach USD 2825 Billion by 2026 from USD 345 Billion in 2016 at a CAGR of 23.4%. Smart city stands for a city that provides core infrastructure and gives a decent quality of life to its citizens, a clean and sustainable environment along with application of 'smart' solutions.

Investments in human and modern ICT correspondence framework fuel reasonable monetary advancement and a high caliber of life in smart cities with an insightful administration of common assets, through participatory activity. Smart Cities market is categorized on the basis of type, application and geography. Based on type, this market has been segmented into solution and service. Application segment is categorized as government & education, transportation, infrastructure, energy, security & disaster management and healthcare. Growing energy consumption and requirement to achieve optimum energy use during peak hours will act as drivers for this market whereas absence or lack of robust telecom and networking infrastructure in developing economies will restrain the market growth for smart cities.

APAC is one of the largest market shares holding region in 2016 and will also be one of the major growing region during current forecast period because of increasing customer awareness and developing technology hubs across major countries, such as China, South Korea, Japan, Singapore, Thailand, India, and Australia.

Scope of the report: This research report segments the Smart Cities market based on type, application and geography.
Smart Cities Market, By Type Smart Cities Solutions Smart Cities Services
Smart Cities Market, By Application Healthcare Infrastructure Energy Transportation Security & Disaster Management Government & Education
Smart Cities Market, By Geography North America Europe Asia Pacific Middle East & Africa Latin America

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