DUBLIN, September 13, 2017
DUBLIN, September 13, 2017 /PRNewswire/ --
The "Global Smart Cities Market - By Technology , Technology, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.
Smart cities, are cities that utilize the Internet and Digital Technology to enhance the quality of life, performance of services and reduce costs by optimizing energy consumption. The focus is on creating a framework with good connectivity and access to real time information for setting up an efficient management system that establishes a relationship between citizens, service providers and administrators. It ensures that citizens actively engage in improving the overall productivity and sustainability of services by equipping cities with basic infrastructure. .
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.
The market is large and competitive, and is primarily dominated by giants such as ABB Ltd., CISCO Systems, Hewlett-Packard, IBM, Ericsson, General Electric, Delta Controls, Hitachi Ltd; who are innovating and developing new solutions in the domain.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Global Smart City Market Segmentation
7. Investment Outlook
8. Vendor Market Share Analysis
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/nn6664/global_smart
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