The Report Global
Smart Cities Market (2018-2023) gives a detailed analysis on the
global market for smart cities. The report gives market size data for
the global blockchain technology market, based on applications: smart cities,
smart factories, connected healthcare, connected vehicles, smart grids, and
other, based on end users industries manufacturing, energy and utility, IT and
telecommunication, healthcare and life sciences, consumer appliances, and
transportation and logistics. The report covers market trends and market
drivers and challenges for the global edge computing market. The report will
help in formulating product marketing strategy based on industry and economic
factors. The top players in the market are CISCO Systems Inc., Hitachi Ltd.,
IBM Corporation, General Electric (GE), Schneider Electric, Huawei Technologies
Co., Ltd., Oracle Corporation, Siemens AG, Ericsson and ABB Ltd.
A smart city takes a lot of planning- be it
terms of high – tech experts, academics, business visionaries and civic
leaders. A recent study put the concept of smart cities as follows: For all the dissections and
analyses of what makes smart cities great, “they do not sufficiently account
for the most important part of the city itself: its citizens.” Smart cities
have been able to produce considerable results and are able to stand out due to
their leverage of technology to improve ways of life. How the smart cities
excel from other cities depend on mobility, health, safety and productivity.
These smart cities serve as a harbinger for other cities not just on a global
scale, but to the very basic human level where individual lives have been
changed.
There is a rising demand
for smart cities due to the growing urban population, limited natural resources
and environmental sustainability. Smart cities surpass other cities in terms of
leveraging technology in various domains like tourism, environmental sustainability
or education. Smart cities solutions are on the rise due to rapid urbanisation,
new technological advancements across various domains, obsolete infrastructure
and improved quality of life.
Smart cities catalyses
fast industry growth using novel technologies through initiatives of national
and regional governments, business and local bodies. With combined efforts from
all these parties, projects are implemented to improve the quality of life. The
challenged that are faced in developing smart cities solutions include high
financial investments, lack of systematic approach to address problems and need
for consolidation of different sectors and domains. However, these markets are growing at a fast rate and is driven by high participation
from industrial parties and available technology.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
