Insights Partner’s recently published- “Global Smart City Market Size Report | Industry & Analysis – Forecast 2030 offers a comprehensive roadmap for established and rising participants in the Smart City market. This research solution covers various aspects of the market including market size, share, and estimated revenue. In a dramatically changing business landscape, Smart City market research offers trustworthy insights on factors of influence, trends, challenges, and strategic recommendations. Based on primary and secondary research methods, this syndicate research covers the dynamics of the Smart City market.
This Market research report by The Insight Partners presents market trends, supply chain analysis, leading participants, and business growth strategies. This research covers technological progress and key developments covering various aspects of the inclusive market. It is valuable market research for existing key players as well as new entrants in the Smart City Market. Through inputs derived from experts, this research attempts to guide future investors about market details and potential returns on investment.
This report goes further into details of entire business processes and doesn’t restrict to only operational aspects. These insights cover venture economics and include tactics for capital investment, investor funding, and projections of ROIs. Net income and profit loss financial stats are crucial metrics of this Smart City market research report. With these meticulous insights companies can reduce their risks and increase the success rate in the coming decade.
The Covid-19 pandemic has triggered a tremendous transformation in the Smart City Market. More than half of global businesses suffer from supply chain breakdowns. The period marked a drop-down in revenue scales and led to the suspension of production for a certain time. This section under Smart City market research dedicated to a detailed discussion on pandemic influences and responses by businesses is intended to help companies in post-pandemic business tactics. After 2 years of disrupted supply-demand metrics, participants in the Smart City market started to reposition themselves back in competition. Key companies in this Smart City market are- ABB Ltd., Accenture, Cisco, Ericsson, Schneider Electric, GE, Microsoft, IBM Corporation, Oracle, Siemens,
Industry Vertical-Based Insights
Based on industry vertical, the smart city market size is segmented into smart infrastructure, smart energy, smart governance, smart transportation, smart healthcare, and smart education. The smart transportation segment is expected to grow at the highest CAGR over the forecast period. Smart transportation is an innovative traffic and mobility infrastructure built on new technologies and designed to save resources for maximum efficiency. Deployment of key technologies such as cloud computing, 4G, machine-to-machine learning, and operations in novel projects is expected to become more commonly applied to smart transport systems such as railways, providing efficient passenger and freight services across the globe, resulting in the generation of a pool of opportunities for numerous industry players in the ecosystem of smart cities. This would also attract various capitalists and investors, leading to tremendous growth in the smart transportation market.
Players operating in the smart city market are mainly focused on developing advanced and efficient products.
- In October 2021, Siemens AG announced the acquisition of Squills. This acquisition strengthened the company’s mobility solutions, such as reservation and ticketing software.
- In May 2021, Microsoft Corporation and Itron Inc entered into a strategic partnership to collaboratively offer highly advanced Mobile device management (MDM) services to their clients.
The smart city market size is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2022, North America led the market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the smart city market from 2022 to 2028.
Smart City The market is driven by combinations of multiple trends and drivers that influence the market share of key companies. This research is based on key business analysis models such as Porter’s Five Forces, PESTEL evaluation, SWOT model, and Value Chain Analysis. However, there are certain challenges ahead of Smart City market players that are discussed in this report. Comprehensive analysis of current trends and future opportunities are perks for buyers under this section.
Significance of Smart City Market Research:
- Precise documentation of current Smart City market share, size, and revenue.
- Future Revenue Projections Considering Forecast Duration.
- Smart City Market segmentation and relevant segment-wise projections.
- Regional Market Insights- Market size, revenue estimates, key players, mapping growth possibilities.
- Competitive Landscape Analysis (Key market players and their organic strategies).
- Detailed consumer analysis.
- Off-the-shelf reports customization
- We offer PDF and PPT formats for this report.
Smart City Market Segmentation
Based on Industry Vertical of Smart City Market Research report:
- Smart Infrastructure
- Smart Energy
- Smart Governance
- Smart Transportation
- Smart Healthcare
- and Smart Education
Based on Geography of Smart City Market Research report:
- North America
- Asia Pacific
- and South and Central America
Based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
- Rest of the World…
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