Smart Cities Market Outlook 2022: Big Things Are Happening : ABB Ltd., Accenture Plc., Alphabet Inc., AT&T

The global Smart Cities market held a market size of USD 114,901.8 Million in 2020 and is anticipated to grow at a CAGR of 20.5% from 2017 to 2030.

Chicago, IIIinois, UNITED STATES — (SBWIRE) — 01/03/2022 — Global Smart Cities Market, Technology (AI, Big Data Analytics, Cloud Technology, Quantum Computing), Component (Hardware, Software), Application (Smart Transportation, Smart Utilities), Deployment (Cloud, On-Premise), Estimation & Forecast, 2017 – 2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Smart Cities market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Cities market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Key Segments Studied in the Global Smart Cities Market
The global Smart Cities market held a market size of USD 114,901.8 Million in 2020 and is anticipated to grow at a CAGR of 20.5% from 2017 to 2030.

Initiatives by government of various countries have positively impacted the market growth. For instance, Mexico City’s cloud-based security initiative has generated various gains for the betterment of the city. As of February 2021, the city had installed 58,000 new video surveillance cameras on public transport and at various places across the city. These are connected to the City’s C5 (Control, Command, Communication, Citizen Contact, and Computers) facility. Moreover, rising need for public safety & communication infrastructure and growing focus on environmental sustainability are estimated to positively influence market growth. Also, 5G technology has enabled various smart city developments, which is also expected to boost the market growth. Despite the drivers, privacy & security concerns over IoT and high initial costs are expected to hinder the market growth.
The global Smart Cities market is classified into technology, component, application, and deployment.
On a regional basis, the global Smart Cities market has been bifurcated into North America, Middle East, Europe, Asia Pacific, Africa, and South America. North America is the leading region in the global market accounting for a market share of more than 30%. Factors such as the presence of well-established economies, such as U.S. and Canada are major factors boosting the market growth in the region. Major investments for infrastructure modernization and rising adoption of automation technologies such as IoT and AI, in the Asia Pacific region is expected to boost its market growth.

The approximate market share of top 4 players in the market is about 43.5%. Prominent players in the global Smart Cities market include ABB Ltd., Accenture Plc., Alphabet Inc., AT&T, Cisco Systems Inc., Ericsson, Foxconn Electronics Inc., Fujitsu Ltd., General Electric Company, Hitachi, Honeywell, Huawei Technologies, IBM Corporation, INTEL Corporation, LG Electronics Inc., Microsoft Corp., Oracle Corp., Qualcomm Technologies Inc., Schneider Electric SE, Siemens AG, and Toshiba Corporation, among others.
Recent Developments by Market Players in the Global Smart Cities Market
– In July 2021, ABB supplied chargers for sustainable parcel delivery by Austria’s national postal service. This assisted in expanding sustainable parcel delivery throughout the Alpine Republic.
– In July 2021, Honeywell Corporation collaborated with Nexii Building Solutions Inc. for developing sustainable buildings. This collaboration named Honeywell, the exclusive supplier of building technologies to Nexii.
– In June 2021, Ericsson partnered with Google Cloud to deliver 5G and edge cloud solutions for telecommunications companies and enterprises. This expanded Ericsson’s market presence.
– In June 2021, Siemens signed an approximately USD 271.97 million contract with the Taiwan Railways Administration for implementing the Taiwan Railway Smart Electrical Systems Upgrade and Signaling Interlocking System Update Project.

Segment Coverage
By Technology
– Artificial Intelligence
? Deep Machine Learning
? Artificial Neural Network
? Voice Recognition
? Pattern Recognition
? Natural Language Processing
? Others
– Big Data Big Data Analytics
– Cellular Technology
? 5G Technology
? Others
– Cloud Technology
– Edge Computing
– High Performance Computing
– Internet of Things (IoT)
? Satellite Network
? Cellular Network
? Radio Frequency Identification
? Near Field Communication
? Wi Fi
? Quantum Computing
– Others
By Component
– Hardware
o Camera
o Sensors/Detectors
o Meters
o Vehicles
o Smart Robots
o Others
– Software
o Cloud (IoT) Platform
o Public
o Private
o Data Management & Analytics
o Cyber Security
o Remote Monitoring
– Services
o Consulting
o System Integration and Deployment
o Support and Maintenance
– Managed Services
By Application
– Smart Transportation
o Parking Management
o Ticketing & Travel Management
o Traffic Management
o Passenger Information Management System
o Freight Information System
o Other Smart Transportation Systems
– Smart Utilities
o Energy management
o Advanced Metering Infrastructure
o Smart Grid
o Water Management
o Distribution Management
o Other Smart Utilities
– Smart Governance
o E Governance Solutions
o Smart Public Safety
o Law Enforcement
o City Planning
o Other Governance Services
– Smart Home & Building
o Building Automation System
o Energy Management Systems
o Parking Management System
o Emergency Management System
o Other Smart Building System
– Smart Citizen Service
o Smart Education
o Smart Healthcare
o Emergency Response System
o Video Surveillance System
o Assisted Living Solution
o Other Citizen Services
– Smart Mobility
o Electric Vehicle Charging
o Tunnel Management
o Tolling Management
o Other Mobility Solutions
– Other Applications
By Deployment
– Cloud
– On-Premise

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
– Market Behavior/ Level of Risk and Opportunity
– End Industry Behavior/ Opportunity Assessment
– Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:
– Market Sizing and Structuring
– Micro and macro analysis
– Regional dynamics and Operational landscape
– Demographic profiling and Addressable market
– Legal Set-up and Regulatory frameworks
– Profitability and Cost analysis
– Segmentation analysis of Market
– Existing marketing strategies in the market, Best practice, GAP analysis
– Competitive landscape, Leading market players, Benchmarking
– Future market trends and opportunities – Scenario modeling

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:
– Existing market infrastructures
– Market challenges and opportunities
– Potential for growth in certain industries in the coming years
– End-consumer target groups and their potential volumes of operation
– Best regions and segments to target
– Pros and cons of various promotion models
– Touch points and an opportunity breakdown within the value chain
– Market size and growth rate during forecast period.
– Key factors driving the Market.
– Key market trends cracking up the growth of the Market.
– Challenges to market growth.
– Key vendors of Market.
– Detailed SWOT analysis.
– Opportunities and threats faces by the existing vendors in Global Market.
– Trending factors influencing the market in the geographical regions.
– Strategic initiatives focusing the leading vendors.
– PEST analysis of the market in the five major regions.

The Study Explore COVID 19 Outbreak Impact Analysis

– What should be entry strategies, countermeasures to economic impact, and marketing channels?
– What are market dynamics?
– What are challenges and opportunities?
– What is economic impact on market?
– What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Smart Cities Market Report:

Global Smart Cities Market Research Report
Section 1: Global Smart Cities Industry Overview
Section 2: Global Economic Impact on Smart Cities Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Smart Cities Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Smart Cities Market Forecast
……..and view more in complete table of Contents

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