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  • Rising technological developments will escalate the Smart Cities Market at a CAGR of 19.08%

    (I-SoftwareNews.Com, December 07, 2017 ) The smart infrastructure technology has significantly changed over time, and various disciplines such as building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems, are now being widely adopted. Furthermore, Green building initiatives have taken up a center stage across many countries, especially across the Europe, North America, and APAC region. Focus on reduction in energy consumption and concerns over proliferation of environmental wastes are the major driving factors for development of smart cities. Transportation is another major growing focus area during the forecast period. The global Smart cities market accounted for US$ 773.19 Bn in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 2025, to account for US$ 3651.49 Bn in 2025.

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    Technology integration helps cities to improve efficiency, enhance their economic potential, reduce costs, open the door to new business and services, and improve the living conditions of its citizens. A key condition for value creation through integration is the compatibility of technologies; which is best achieved through common and consensus-based standards that ensure interoperability.

    Smart City Market Key Players
    ABB Ltd.
    Schneider Electric
    IBM Corporation

    The report segments the global smart cities market as follows:

    Global Smart Cities Market By Industry Verticals

    Smart Infrastructure
    Smart Energy
    Smart Healthcare
    Smart Governance
    Smart Education
    Smart Transportation

    Global Smart Cities Market By Geography

    North America

    Rest of Europe

    Asia Pacific (APAC)
    Rest of APAC

    Middle East & Africa (MEA)
    Saudi Arabia
    South Africa
    Rest of MEA

    South America (SAM)
    Rest of SAM 

    View Complete Report at

    About The Insight Partners
    The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

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    Sameer Joshi

    +91 9666111581

    Source: EmailWire.Com


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