Growth in APAC region will boost the global smart cities market by 2025 with a CAGR of 19.1%.

by Sameer Joshi or 15-May-2017

The Smart Cities Market to 2025 by Industry Verticals (Smart Infrastructure, Smart Governance, Smart Education, Smart Transportation, Smart Healthcare and Smart Energy) – Global Analysis and Forecast”, The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments. The scope of study involves understanding on the factors responsible for this growth of smart cities market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant smart cities players in the market and their key developments.

The global smart cities market accounted for US$ 773.19 Bn in 2016 and is expected to grow at a CAGR of 19.1% during the forecast period 2017 – 2025, to account for US$ 3651.49 Bn in 2025. Many of the developed as well as developing countries across the globe are facing serious issues related to housing, overstrained infrastructures, and restricted access to fresh water and energy supplies. Apart from this one serious concern floating everywhere is greenhouse gas emission, pollution, and carbon credit. Though cities are spread in only 2% of entire land of globe, still are responsible for more than 70% of CO2 emission. All these concerns are persistent, however digital networking can address some of these issues with smart devices and technology deployment. These developments are likely to improve public safety, mobility, efficient use of energy, waste management, modes of governance, access to education and other infrastructure advancement.

The global smart cities market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global smart cities market in 2016, followed by Europe. Germany and UK being two key countries in Europe region which will lead smart cities market in this region and is also expected to continue its dominance throughout the forecast period from 2017 to 2025. The report profiles key players such ABB, Accenture, Cisco, Ericsson, GE, IBM, Oracle, Microsoft, Schneider Electric and Siemens, among others.

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 (SA)
Rest of SA