Global
Smart Cities
Market is segmented, by Focus
Area into transportation, Utilities, Building, smart citizen services. A smart
city is an urban expansion vision to integrate information and communication
technology (ICT) and internet of things (IoT) technology in a protected fashion
to achieve a city’s assets. These assets include local department’s information
systems, school, libraries, transportation systems, hospitals, power plants,
water supply networks, water organization, law application, and other community
services.
A
smart city is encouraged to use urban informatics and technology to recover the
competence of services. ICT allows city officials to interact directly with the
community and the city infrastructure and to monitor what is trendy in the
city. By the using of sensors combined with real-time monitoring systems, data
are composed from citizens and devices then administered and analyzed. The
information and knowledge collected are keys to undertaking inefficiency.
Information
and communication technology (ICT) is used to improve quality, presentation and
interactivity of urban services, to reduce costs and resources consumption and
to improve contact between citizen and government. Smart City
Applications are industrialized
to manage urban flows and allows for the real-time responses. A smart city may
consequently be more prepared to respond to challenges than one with a simple
transactional relationship with its citizens.
Increased
advances in building information technologies as well as using these
technologies to integrate and add value to the provision of urban services
necessitate authorization for sustainable expansion of new methods. This may
include the integration of organizations, software, and hardware that would
recover the competitiveness of the environment in which cities operate.
Growing
industrialization and increasing urban population have created the need to
incorporate smart cities concept to address the rising challenges. Though,
smart cities technologies have been developed to address a range of issues such
as public safety, street lighting, urban mobility, water management and energy
management.
These
solutions can be reinforced by general growth in areas including cloud
computing, data analytics, sensor networks and wireless communications. The
occasions for the development of smart cities using mobile and other platforms
over different time spans is predictable to be massive however, integrating
individualized and local technologies that are expected to proliferate would be
a real challenge.
Smart Cities
Market is segmented By
Application into Smart Transportation, Smart energy management, Smart security,
Industrial automation, Smart healthcare, buildings and smart homes. Rise in
solutions such as passenger information systems, guidance system, parking
management, integrated management system, ticketing management and traffic
management is expected to favor smart transportation segment over the forecast
period of 2016. Integration of communication infrastructure and intelligent
systems are highly demanded as it can asset in the management of power delivery
grids in an optimized way.
Smart Cities
Market is segmented By
Geographical Region into North America, Asia-Pacific, China, India, and Europe.
In Asia-Pacific, high demand for smart cities is expected in china and India
due to increasing environmental and energy unpredictability. The smart cities
market in Europe is predictable to be promising for the market growth through
the forecast period owing to increasing savings in infrastructure to recover
public facilities. Augmented demand for smart transport and energy management
has significantly driven regional market growth. Smart Cities Market Key
Players include Oracle, Siemens, Intel, Honeywell, Cubic, Cisco, ABB, Accenture,
Alcatel-Lucent and IBM.
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