The Global Smart Cities Market is poised to grow at a CAGR of around 24.4% over the next decade to reach approximately $2452.62 billion by 2025. Some of the prominent trends that the market is witnessing include growing demand for integrated security and safety system for enhancing public safety and increasing demand for system integrators.
Based on Service the market is categorized into planning and consulting, integration and infrastructure monitoring and management.
Depending on Building the market is segmented by smart public buildings, smart homes and building automation, facility management and energy optimization and parking management for buildings. Furthermore facility management and energy optimization is divided into emergency response management and building energy management systems. Parking Management for Buildings is segmented into access control, parking reservation and slot management, parking ticket and revenue management system and automated parking guidance.
By Utilities the market is classified into smart energy system, smart distribution management system, meter data analytics and smart metering and meter data management.
Depending on the Transportation the market is segmented by smart roadways, smart railways, parking management, traffic management and automated driver guidance system, freight management, transport data management, predictive analytics for passenger travel and passenger management and travel experience enhancement system. Furthermore Parking Management is divided into automated parking guidance and slot management. Traffic Management and Automated Driver Guidance System is segmented by automated route guidance system, predictive traffic analytics and smart signalling. Passenger Management and Travel Experience Enhancement System is divided into entertainment and travel assistance system, smart transportation communication network and smart ticketing.
By Smart Citizen Service the market is classified into integrated video surveillance, in-vehicle cameras, smart healthcare, security and threat management and smart education.
Growing Demand for Integrated Security and Safety System for Enhancing Public Safety.
Increasing Demand for System Integrators.
Recent Technological Developments in Smart Cities.
CISCO Systems Inc.
Emerson Electric Company
Exxon Mobil Corp.
General Electric (GE)
IBM (International Business Machines) Corporation.