Dublin, November 12, 2021--(Business Wire)--"Smart city market share, scale, trend, industry analysis report, by application, by smart governance, by smart utilities, by smart transportation, by region; Segmented market forecast, 2021-2028" report has been added to ResearchAndMarkets.com products.
By 2028, the global smart city market is expected to reach US$1.03 trillion
Some prominent factors, such as more and more government initiatives for the development of smart cities, and more and more research and development activities, have accelerated the growth of the smart city market. In addition, increasing attention to the environment, waste management, traffic and congestion, and the increasing popularity of intelligent monitoring systems are also attributed to the growth of the global market.
Based on utilities, the energy management department has the largest revenue share. More and more research and development activities are used to launch design analysis solutions and develop energy management systems, as well as the integration of advanced technologies such as blockchain.
Due to the increasing concern for the environment, the demand for green initiatives continues to increase, which has become a catalyst for the growth of the industry. Developed or urbanized regions are recorded as major consumers of global energy and are expected to emit about 80% of greenhouse gases to the environment.
In addition, growing concerns about ozone layer depletion and global warming have led to the implementation of strict regulations to control these environmental consequences. For example, the U.S. Environmental Protection Agency (EPA) provides a clean energy program to control carbon emissions from power plants.
Market participants such as AGT Group GmbH, ABB Limited, AVEVA Group plc, Ericsson, Cisco Systems, General Electric, Huawei Technologies Co., Ltd., Honeywell International, International Business Machines Corporation, KAPSCH Group, Itron Inc., Microsoft, Oracle, SAP SE, Siemens AG, Schneider Electric SE, Verizon, Telensa and Vodafone Group plc.
In April 2021, Vodafone Idea launched a new integrated IoT solution for the company's growth starting from the mission of Smart City and Digital India. The company designs and develops solutions for organizations by including many elements of the Internet of Things value chain (such as chipsets and devices). It has the insight to deal with the challenges of the smart city market and helps companies by reducing operating costs and improving efficiency.
4.1. Smart City-Industry Overview
4.2.1.1. Increase in the number of natural disasters
4.2.1.2. Add cloud-based smart utilities
4.2.3. Porter's five forces analysis
4.2.5. Industry Trends in the Smart City Market
5. Evaluation of Smart City Market Application
5.2.1. The global smart city market, by application, 2016-2028 (US$ billion)
6. Evaluation of Smart Governance on the Smart City Market
6.2.1. The global smart city market, according to smart governance, 2016-2028 (US$ billion)
7. Global smart city market, smart utilities
7.1.1. Global Smart City Market, Smart Utilities, 2016-2028 (Billion USD)
8. The global smart city market for smart transportation
8.2.1. The global smart city market, by transportation, 2016-2028 (US$ billion)
9. Assessment of Smart City Market by Region
9.2.1. Smart city market assessment, by region, 2016-2028 (US$ billion)
For more information about this report, please visit https://www.researchandmarkets.com/r/jp63eb
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