DUBLIN, Aug. 7, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/2n8jpw/smart_cities) has announced the addition of the "Smart Cities Market Forecast and Analysis (2014 - 2020): By Solutions (Smart Transportation, Smart Building, Smart Energy, Smart ICT, Energy and Environment); Geography (Americas, Europe, APAC)" report to their offering.
The increasing demand for sustainable infrastructure and ecological balance, this market is set to witness huge surge in coming years.Moreover, the rising demand for smart cities is due to increasing migration from the rural areas into new urban areas all around the world.
North America is estimated to hold major share in global smart cities market due to highest urban percentage and presence of majority of stakeholders. The rising investment in smart city projects in APAC and MEA regions, makes them grow at a rapid pace in coming years. Europe region also holds considerable share of global smart cities market. The global smart cities market is estimated to grow at a CAGR of 20.5% during the forecast period to reach $595.4 billion by 2016.
Smart transportation segment is estimated to occupy major share of global smart cities market, due to rising demands for solutions such as traffic management, anti-collision, parking management, passenger information and more. This segment held a major share in 2014 with recorded revenue of $45 billion. During the forecast period, it is estimated to grow at a CAGR of 18% to reach $121.5 billion by 2020.
- 1ABB Ltd
- Cisco Systems
- Emerson Electric
- Delta Controls
- General Electric
- Hitachi Ltd
- Ingersoll Rand Security Technologies
- Johnson Controls
- Siemens AG
- Schneider Electric
- Tyco International
- Alcatel-Lucent Sa
- Exxon Mobil Corp
Key Topics Covered:
1. Global Smart Cities Market Overview
2. Executive Summary
3. Global Smart Cities Market Landscape
4. Global Smart Cities - Market Forces
5. Global Smart Cities Market - Strategic Analysis
6. Global Smart Cities Market - By Segments
7. Global Smart Cities Market - By Solutions
8 Global Smart Cities Market - By Geography
9 Market Entropy
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/2n8jpw/smart_cities
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets