Global Smart Cities Market to Witness Great Growth in Forecasted Period 2021-2028
In 2021, the Global Smart Cities Market’s
size was valued at USD 80.1 billion and is estimated to reach USD 95.1 billion
by 2028 and is expected to be growing at a CAGR of 19.8 % throughout the
forecast period. In this report, 2021 has been taken as the base year while
2020 is the historical year. The forecast year for the report is 2028 to
approximate the size of the market for Smart Cities.
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There are
several prominent players in this market:
·
Accenture
·
ABB Limited
·
Schneider Electric SE
·
Cisco Systems, Inc.
·
Siemens AG
·
IBM Corporation
·
Microsoft Corporation
·
Oracle Corporation
·
Honeywell International Inc.
·
Hitachi, Ltd.
·
Huawei Technologies Co. Ltd.
·
Intel Corporation.
Methodology
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Smart Cities market. Thorough secondary
research was conducted to collect information on the Smart Cities market, such
as new technologies coming into the market, and components connected with this
market. Then the collected information was validated with experts from the
Manufacturing and Construction industry across all the value chains through
primary researches. Both top-down and bottom-up approaches were used for
estimating the market size.
The Report Provides Insights on The Following Pointers:
·
It gives a forecast analysis
of factors that are driving or restraining the development of the Smart Cities
market.
·
The report gives a seven-year
forecast value evaluated on the basis of the current market performance of the
manufacturing and construction industry.
·
It helps in understanding the
main segments of the products and their future.
·
The report gives a deep
analysis of changing competition in the market which keeps you ahead of your
competitors.
·
The report gives the market
definition of the Smart Cities market along with the analysis of different
factors influencing the market such as drivers, opportunities, and restraints.
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Pankaj Katkar
Digital Marketing
Executive
Company: Icon
Market Research
Phone: (+1) 812
506 4440
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