Global Smart City ICT Infrastructure Market to grow at a CAGR of 17.44% during the period 2017 - 2021; Finds New Report

Report forecast the global smart city ICT infrastructure market to grow at a CAGR of 17.44% during the period 2017-2021.

A smart city is a city that has undergone development projects to integrate information and communication technology (ICT) and Internet of Things (IoT) in a secure system to manage the assets of cities such as libraries, schools, transportation systems, hospitals, power plants, water supply networks, waste management, and law enforcement. Smart city projects require the installation of millions of devices, machines, and sensors.

The report covers the present scenario and the growth prospects of the global smart city ICT infrastructure market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one driver in the market is growing need for smart cities. Rapid industrialization and urbanization have led to several engineering, economic, social, management related, and environmental challenges. To overcome these challenges, there has been a need to transform cities into smart cities. A smart city encompasses aspects sustainability, energy management, intelligent transport facility, security, and environmental protection. The rapid urbanization has led to the development of mega cities. Urbanization means a shift of people from rural areas to urban areas.

Further, the report states that one challenge in the market is need for energy conservation. The advances in technologies have led to a rise in automation and digitization. Advanced engineering technologies and systems are used to monitor and control daily processes. Growing energy consumption has created the need for energy-efficient solutions in day-to-day processes. The collection of huge amount of data from machines and the provision of feedback to properly monitor and rectify loopholes has become essential. For smart cities to run efficiently, real-time access to information and analysis is required, which is possible with the support of an integrated system environment.

Global Smart City ICT Infrastructure Market 2017-2021, 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.

key players in the global smart city ICT infrastructure market: Cisco Systems, IBM, Oracle, Huawei, AT&T, China Mobile, NTT Communications, Verizon Communications, Vodafone, ABB, Hitachi, Honeywell International, and Siemens.

Other Prominent Vendors in the market are: Accenture, Nokia, Deutsche Telekom, Ericsson, HP, Microsoft, Schneider Electric, Telefónica, and Toshiba.

Market driver

• Growing need for smart cities
• For a full, detailed list, view our report

Market challenge

• Need for energy conservation
• For a full, detailed list, view our report

Market trend

• Partnership among countries to develop smart cities
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Spanning over 89 pages “Global Smart City ICT Infrastructure Market 2017 - 2021” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by components, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor profiles, Appendix.

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For related reports please visit: ICT Infrastructure Market Research Reports

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