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(Hosting-NewsWire.com, May 11, 2016 ) The rapid growth in urban population is increasing the demand for basic amenities that include transportation, healthcare, residents' safety, and education. The traditional operations in cities were ineffective and allowed only one-way distribution system for energy and water. However, with the advances in digital technology, the two-way communication became possible, and machine-to-machine (M2M) technology evolved further to provide smart grid, smart water management systems, smart transport system, and smart building system. All of these verticals form the smart city; and the development of smart cities is needed. The smart city concept is a framework to support the vision of various governments, IT players, network providers, product providers, and managed service providers.
Technavios analysts forecast the global smart city ICT infrastructure market to grow at a CAGR of 17.12% during the period 2016-2020.
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Covered in this report The report covers the present scenario and the growth prospects of the global smart city ICT infrastructure market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the ICT infrastructure deployed on the following: Smart grid Smart home and building Smart water network Smart healthcare Smart education Smart security Smart transport
The market is divided into the following segments based on geography: Americas APAC EMEA
New report, Global Smart City ICT Infrastructure Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors ABB AT&T China Mobile Cisco Hitachi Honeywell Huawei IBM NTT Communications Oracle Siemens Verizon Communications Vodafone
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Other prominent vendors Accenture Alcatel-Lucent Deutsche Telekom Ericsson HP Microsoft Schneider Electric Telefonica Toshiba
Market driver Rapid urbanization For a full, detailed list, view our report
Market challenge High costs For a full, detailed list, view our report
Market trend Evolution of IoT For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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Table Of Content
PART 01: Executive summary Highlights PART 02: Scope of the 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 ICT Infrastructure Market overview Market size and forecast Five forces model PART 06: Market segmentation by components Market size by components for 2015 PART 07: Geographical segmentation Geographical segmentation of smart city ICT infrastructure market 2015 Geographical segmentation of smart city ICT infrastructure market 2020 Smart city ICT infrastructure market in Americas Smart city ICT infrastructure market in EMEA Smart city ICT infrastructure market in APAC PART 08: Market drivers Rapid urbanization Increase in adoption of tablets and wireless technology Rise in demand for high quality life standards Need for energy efficiency PART 09: Impact of drivers PART 10: Market challenges High costs Complexity of data management Security concerns Rapid evolution of technology
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