Research and Markets: Global Smart Cities Market 2015-2019 Featuring Market Leaders, ABB, Alcatel-Lucent, Cisco, IBM & Siemens AG

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/5m9g2k/global_smart) has announced the addition of the "Global Smart Cities Market 2015-2019" report to their offering.

The Global Smart Cities market to grow at a CAGR of 16.6% over the period 2014-2019

The report, the Global Smart Cities Market 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Cities market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

A smart city is a combination of diverse technologies such as a smart home, smart grid, smart building, smart security, smart education, smart healthcare, and smart transportation. A smart city aims to reduce environmental impact and offers its citizens a quality lifestyle in terms of economic growth, well-being, and sustainability.

One of the major trends in the market is the growing public-private partnership. It helps in financing high budget projects and also improves market cash flow and investments. Public-private partnerships play a crucial role in addressing financial issues and also improve the infrastructure required for market development.

According to the report, rapid urbanization is one key factor driving the market growth. Increased population and industrialization have led to migration from rural to urban areas. Hence, to accommodate them and provide efficient services there is a need to upgrade to smart cities.

Further, the report states that the requirement for high upfront cost for the installation of smart cities is a major challenge faced by the market. The latest smart technologies use costly high-end equipment, most of which requires high maintenance costs.

The Global Smart Cities market can be segmented into eight divisions:

  • Smart Industry Automation
  • Smart Grid
  • Smart Security
  • Smart Education
  • Smart Home and Building
  • Smart Healthcare
  • Smart Transport
  • Smart Water Network

Key Vendors

  • ABB
  • Alcatel-Lucent
  • Cisco
  • IBM
  • Siemens AG

Other Prominent Vendors

  • GE
  • Hitachi
  • Honeywell
  • Intel
  • Schneider Electric
  • Toshiba

For more information visit http://www.researchandmarkets.com/research/5m9g2k/global_smart

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Computing and Technology

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Computing and Technology