Global Smart Cities Market Report 2017: Limited By Cyber Security & Data Security Concerns - Research and Markets

DUBLIN--()--The "Global Smart Cities Market - Growth, Trends and Forecasts (2016 - 2021)" report has been added to Research and Markets' offering.

The smart cities market is expected to grow from $386.55 billion in 2014 to $1,386.56 billion in 2020, at a CAGR of 20.48% over the forecast period.

The market is driven by factors such as non-regulated expansion of cities and urbanization, growth in the construction sector, the widespread adoption of green technology and the stress on cost efficiency in electricity production and distribution. However, it is limited by the high cost of investment, cyber security and data security concerns and the socio-political obstacles while adopting the technology.

Additionally, it is being observed that the global energy demand is consistently on the rise. For instance, the European Energy Consumption market indicates the focus on oil and gas would be 54.5% and the rest on renewables during the forecast period. The government too has framed strict environmental laws and compliances.

The Smart Cities market is experiencing tremendous opportunities of growth globally, especially in the developing countries of APAC and MEA. Further, the heating control systems and roller shutters segment are gaining traction due to energy and security consciousness. The idea of Smart Cities and Smart Grid technology is becoming increasingly popular because of favorable government regulations and incentives. New technologies such as Z-Wave and Insteon are emerging in the domain.

Companies Mentioned:

  • ABB Ltd.
  • Accenture
  • CISCO Systems
  • Emerson Electric
  • Hewlett-Packard
  • IBM
  • Alcatel-Lucent Sa
  • Ericsson
  • Delta Controls
  • General Electric
  • Hitachi Ltd.
  • Exxon Mobil Corp.
  • Novartis
  • Delphi
  • Schneider Electric
  • Ingersoll Rand Security Technologies
  • Johnson Controls
  • Siemens AG
  • Tyco International
  • Oracle
  • Toshiba
  • Microsoft
  • Huawei
  • Itron
  • Capgemini

Key Topics Covered:

1. Introduction

2. Key Findings of Study

3. Research Methodology

4. Market Overview

5. Market Dynamics

6. Smart City Market Segmentation

7. Recent Developments in R&D

8. Competitive Landscape

9. Company Profiles

10. List of Tables

For more information about this report visit https://www.researchandmarkets.com/research/gx6hk7/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
Related Topics: Internet of Things and M2M

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
Related Topics: Internet of Things and M2M