|By Vaibhav Mondhe||
|June 24, 2014 11:44 AM EDT||
According to a new market report published by Transparency Market Research "Smart Cities Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global smart cities market is expected to reach a value of USD 1,265.85 billion by 2019, growing at a CAGR of 14.0% from 2013 to 2019. Increase in migration from rural to urban areas is the major factor responsible for the growth of smart cities market, globally. North America was the largest contributor to the smart cities market and accounted for a share of 34.5% in 2012. This is mainly attributed to the increasing smart grid investments, upgradation in the water infrastructure and transportation sector. The manufacturers in this region are investing more in smart meters and smart grids to provide an excellent foundation for smart city programs.
Browse the full report: http://www.transparencymarketresearch.com/smart-cities-market.html
Among the different application categories, smart transportation segment held the largest share of around 16% in 2012. This was due to the growing demand for advanced traffic management, building a superior environment and reducing the volume of delivery vehicles. At the same time, smart transportation links the modes of transport to improve the traffic flow in both urban and inter-urban networks. Smart transportation system helps in minimizing the economic burden of government by reducing traveling delays and fuel consumption rate. Smart security is the fastest growing segment and is expected to grow at a CAGR of 15.0% during the forecast period from 2013 to 2019. One of the reasons for the growing popularity of smart security is that it avoids third party misuse by imposing high security requirements onto the used technology.
In terms of geography, North America represents largest market for smart cities and is expected to reach a market size of USD 392.41 billion by 2019. The regional governments are taking steps towards reducing the carbon footprint by increasing the use of renewable energy resources. Governments in North America are currently working on an objective to accomplish the target of zero wastage of energy by the year 2020.
Browse the latest press release: http://www.transparencymarketresearch.com/pressrelease/smart-cities-market.htm
Some of the major players in smart cities market include Siemens AG, ABB Ltd., IBM Corporation, Hitachi Ltd., Alcatel-Lucent S.A., Honeywell international Inc., Alstom S.A., General Electric Company, Telefonaktiebolaget L. M. Ericsson, Cisco Systems Inc., Oracle Corporation and others.
The global smart cities market is segmented as below:
Smart Cities Market, By Application
- Smart homes
- Smart buildings
- Smart energy management
- Smart industrial automation
- Smart healthcare
- Smart transportation
- Smart security
- Others (smart water management, smart education, so on)
Smart Cities Market, By Geography
- North America
- Asia Pacific
- Rest of the World (RoW)
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Aug. 31, 2016 10:45 AM EDT Reads: 431
Aug. 31, 2016 10:11 AM EDT
Aug. 31, 2016 09:30 AM EDT Reads: 1,088
Aug. 31, 2016 09:00 AM EDT Reads: 939
Aug. 31, 2016 09:00 AM EDT Reads: 506
Aug. 31, 2016 09:00 AM EDT Reads: 1,014
Aug. 31, 2016 08:45 AM EDT Reads: 922
Aug. 31, 2016 08:30 AM EDT Reads: 913
Aug. 31, 2016 07:45 AM EDT Reads: 960
Aug. 31, 2016 07:45 AM EDT Reads: 985
Aug. 31, 2016 04:45 AM EDT Reads: 2,312
Aug. 31, 2016 02:45 AM EDT Reads: 1,903
Aug. 31, 2016 02:15 AM EDT Reads: 2,296
Aug. 31, 2016 02:00 AM EDT Reads: 2,031
Aug. 31, 2016 01:45 AM EDT Reads: 3,115