The report forecasts the global smart city market to grow at a CAGR of 19.65% during the period 2016-2020.
A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, increased installation of smart meters will be a key driver for market growth. Smart meters offer a wide range of interactive and intelligent solutions. They allow the consumers to effectively manage energy resources by providing the consumption details at every point in time. They send the relevant details of home energy use to the energy supplier such that the electricity bill can be sent without having to check the reading on the home meter physically.
Further, the report states that multiple areas, including healthcare, automotive, and smart homes, involve the use of a wide range of proprietary solutions, which increases the challenge of interoperability.
- Huawei Technologies
- Schneider Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by component
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information on this topic, visit the Internet of Things (IoT) and M2M section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/g8rd9n/global_smart_city