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  • Global Smart Cities IT Services Market are Expected to Result in this Markets Impressive CAGR of More than 18% by 2019

    (I-SoftwareNews.Com, November 06, 2016 ) Global Smart Cities IT Services Market 2015-2019 Size and Share Published in 2015-11-25 Available for US$ 2500 at Researchmoz.us

    Description

    Global market outlook for smart city IT services

    The market for global smart cities IT services is growing rapidly and Technavios market research analysts predict it will reach a CAGR of more than 18% until 2019. The application of IoT and cloud computing in creating smart grids is a key contributor to the growth of this market.

    In smart grids, digital technology is used for enabling two-way communication between the utility and its customers. Each device associated with the grid is given sensors to gather data. On analyzing the collected data, smart city planners and other authorities can take informative decisions on how to reduce power wastage.

    Smart water is another emerging trend that fuels the growth of this market. To support a growing, urban population, government and city planners are expected to invest heavily in making water infrastructure smart. Smart water infrastructure enables the collection of meaningful data about the flow, distribution, and pressure of a citys water system.

    Issues concerning cyber security in smart cities

    Key findings of this research report indicate, by 2020, 50 billion internet connected devices will exist globally. However, this technology also brings concerns regarding data security and privacy.

    As more and more numbers of devices get connected, the information collected through these devices are will also become more vulnerable to cyber-attacks. The massive scale of information that is likely to be collected on devices and a cloud aggregator platform invokes issues associated with data theft and misuse. The development of smart cities requires assured funding from governments. The development of appropriate financial models continues to impact this market.

    Get a Sample Copy of the Report: http://www.researchmoz.us/enquiry.php?type=S&repid=477010



    Geographical segmentation of smart city IT services market

    APAC

    America

    EMEA

    The smart cities IT services in the EMEA region is growing at a promising rate. The European commissions smart cities and communities' initiative has set a new smart city agenda for Euro cities. The APAC region is also witnessing massive growth with initiatives from emerging economies boosting the growth of this market.

    Key vendor analysis in the global cities IT market

    Since its inception, initiatives on smart cities are constantly evolving. Presently, a significant number of cities are in the process of empanelling vendors. The evolutionary nature of this market is likely to lead to issues pertaining integration of different components from a large pool of IT and telecom providers.

    Accenture

    IBM

    CISCO

    Ericsson

    Oracle

    The other prominent vendors of this market include Alstom, Arup, Hitachi, HP, Huawei, Infosys, Lockheed Martin, NTT Data, Microsoft, Siemens, and Wipro.

    Related reports

    Global Smart Cities Market 2015-2019

    Global Smart Elevators Market 2015-2019

    Global Smart Security Market 2015-2019

    Inquiry on this report: http://www.researchmoz.us/enquiry.php?type=E&repid=477010



    Table of Content

    PART 01: Executive summary

    Highlights

    PART 02: Scope ofthe report

    Market overview

    Top vendor offerings

    PART 03: Market research methodology

    Research methodology

    Economic indicators

    PART 04: Introduction

    Key market highlights

    PART 05: Market landscape

    Market overview

    Market size and forecast

    Five forces analysis

    PART 06: Geographical segmentation

    Americas

    EMEA

    APAC

    Browse All ICT Market Research Reports at: http://www.researchmoz.us/ict-market-reports-96.html

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    ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives.

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