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    (I-SoftwareNews.Com, February 25, 2021 ) Meticulous Research® – a leading global market research company published a research report titled “Smart Cities Market by Application (Smart Utilities, Smart Transportation, Water Management, Waste Management, Smart Healthcare, Smart Lighting, Smart Education), Component (Hardware, Software, and Services), and Geography- Global Forecast to 2027”.



    According to this latest publication from Meticulous Research®, the Smart Cities Market is expected to grow at a CAGR of 22.9% from 2019 to reach $545.7 billion by 2027. The substantial growth in the global smart cities market is mainly attributed to the growing demand from the education, utilities, public safety, and transportation sectors. Besides, the government initiatives for overpopulation and urbanization management and growing requirement of resource management for sustainable development provide significant opportunities for the growth of the smart cities market. However, requirement for significant initial investment and rising cases of data theft and cybercrimes may limit the growth of the smart cities market to some extent during the forecast period. Moreover, reluctance shown by citizens to adopt new technologies is the major challenging factor observed in this market.



    Download Free PDF Sample Copy of the Report (with covid 19 Impact Analysis): https://www.meticulousresearch.com/download-sample-report/cp_id=5087



    We provide crucial, accurate, and real time market data that helps these executives to take informed decisions and deliver maximum impact. We provide Research That Revolutionizes Your Business.



    The global smart cities market study presents historical market data in terms of values (2017, 2018), estimated current data (2019), and forecasts for 2027 – by application (smart transportation, smart utilities, smart education, smart healthcare, smart public safety, governance, smart lighting solutions, and smart building), component (hardware, software, and services), and by geography. The study also evaluates industry competitors and analyzes the market at a country level.



    Scope of the Report:



    Smart Cities Market, by Application



    Smart Transportation

    Parking Management

    Ticketing & Travel Management

    Traffic Management

    Passenger information management system

    Freight information system

    Smart Utilities

    Energy management

    Smart Meters

    Meter Data Management

    PV Monitoring

    Smart Grid

    Power electronics

    Energy Storage

    Water Management

    Waste Management

    Distribution Management

    Smart Education

    Smart Healthcare

    Connected Healthcare Solutions

    Telemedicine

    Smart Public Safety

    Surveillance

    Command & Control Solutions

    Smart Governance

    E-Governance Solutions

    Emergency Management

    Law Enforcement

    City Planning

    Smart Lighting Solutions

    Smart Building

    Lighting Control Systems

    Energy Management Systems

    Facility Management Systems

    Smart Cities Market, by Component



    Hardware

    Software

    Services

    Smart Cities Market, by Region



    North America

    U.S.

    Canada

    Europe

    U.K.

    Germany

    France

    Italy

    Spain

    Rest of Europe

    Asia-Pacific

    China

    India

    Japan

    Singapore

    Rest of Asia-Pacific

    Latin America

    Middle East & Africa



    Get the PDF to understand the CORONA Virus/COVID19 impact and be smart in redefining business strategies:https://www.meticulousresearch.com/request-sample-report/cp_id=5087



    Based on application, the smart utilities segment commanded the largest share of the overall smart cities market in 2019. The introduction of smart grids, smart meters, and new ways of generating and transporting energy are being driven by the IoT. Smart water and electricity monitoring can help save money by giving people more control over their home utilities, while efficient refuse management will help to keep cities cleaner. The utility companies have started integrating with smart cities to generate new revenue opportunities.



    Based on component, the services segment is anticipated to grow with the fastest growth rate in the overall smart cities market during the forecast period. The high growth of smart city services is primarily attributed to the consistent growth in the processes such as installation, maintenance, and up-keeping of smart city hardware and software in the coming years.



    Purchase This Report (Price 3757 USD for single user license) : https://www.meticulousresearch.com/Checkout/19915801



    Geographic Review:



    Geographically, North America commanded the largest share of the overall smart cities market in 2019 and is expected to maintain its dominance throughout the forecast period. The large share of this region is mainly attributed to the fast-developing advanced communication infrastructure, stringent measures for public safety and data privacy, growing focus on reducing carbon footprints using innovative ICT technologies, and prioritizing the development of smart cities by many local and national government authorities. Furthermore, the government initiatives for overpopulation and urbanization management have boosted the overall smart cities market in the region. However, the Asia-Pacific region is expected to register the fastest growth during the forecast period.



    Key Players:



    Some of the key players operating in global smart cities market are CISCO Systems Inc. (U.S.), Huawei Technologies (China), IBM Corporation (U.S.), ATOS SE (France), Foxconn Electronics, Inc. (Taiwan), Robert Bosch GmbH (Germany), General Electric Company (U.S.), SIEMENS AG (Germany), L&T Infotech (India), Cognizant (U.S.), Capgemini (France), Schneider Electric SE (France), INTEL Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), and Fujitsu Ltd. (Japan), among others.



    Any Question | Speak to Analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5087



    Key questions answered in the report-



    Which are the key application areas for smart city technologies that can bolster your revenue growth strategies?

    Which are the high growth markets in smart cities that you should be focusing on to achieve sustainable growth?

    Which geographic markets provide the fastest and highest revenue growth opportunities?

    What are the major drivers, restraints, opportunities, and challenges in the global smart cities market?

    Who are the competitors to look out for in the smart cities market? What market position do they hold in the smart cities market?

    How is the competitive landscape in the global smart cities market? What strategies key vendors have been following to strengthen their market presence?



    Contact Us:

    Meticulous Research®

    Email- sales@meticulousresearch.com

    Contact Sales- +1-646-781-8004

    Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

    Meticulous Research™

    chhagan yadav

    +91 744-7780008

    chhagan.y@meticulousresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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