Market trend Snapshot
Global Intelligent City market was valued at XXXX million USD in 2019 and is poised to reach XXXX million USD by 2026, growing at a CAGR of XXXX%. This report provides comprehensive and in-depth analysis and prediction of the Intelligent City industry. The immense growth benefits from various factors. On the first hand, proactive government intelligent city initiatives are considered as the crucial driving factor for Intelligent City market growth. Secondly, the expansion of cities and urbanization, widespread adoption of green technology, growing urban population, increasing telecom and digitalization penetration, and increasing adoption of AI and IoT are factors that propelling market growth. Furthermore, the need to better manage limited natural resources, increasing focus on environmental sustainability, and need to live a better life are factors that also help to stimulating market growth.
From Base year 2018 to forecast year 2026
Intelligent City
An intelligent city (also referred to as a smart city or cognitive city) uses digital technologies to enhance performance of devices and services to improve the wellbeing of citizens, businesses and visitors. Through such technologies, it helps to reduce costs and consumption of resources, including—but not limited to—energy, health care and mobility.
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Key Market Players Profile
Key market players covered in the report are ABB Group, Accenture, Cisco Systems, Schneider Electric, Siemens, IBM Corp., General Electric, Microsoft, Current, Tridium, Honeywell, Danaher, Daintree Networks, Intel, JP Morgan Chase, SST Inc., Infosys, TCS, and CAP Gemini. The market share, revenue, company profile, and SWOT analysis of these enterprises are covered in the report. Production and consumption are estimated to continue developing with a stable growth rate. To meet the surging demand, more new entrants are expected.
North America occupied the largest Intelligent City market share
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy tuning, social dynamics, fashion trends, and economic development in these countries are all taken into consideration.
North America is anticipated to dominate the Intelligent City market. The presence of recognized companies such as Microsoft Corporation, IBM Corporation, and Honeywell International Inc., among others is majorly contributing to the high market share. These expenses are expected to rise due to the advancements in technology and the involvement of more cities in the projects. Thus, it is anticipated that North America will dominate the market over the forecast period.
The Asia Pacific is expected to grow at a substantial rate during the forecast period. Developing economies such as China and India have a great potential for the intelligent city market. The Indian government is taking initiatives to boost the construction sector by allocating a budget of about USD 92 billion in 2018 as compared to USD 59 billion in 2017. The European intelligent city market is primely driven by the rising investments in the transportation sector.
Intelligent City Type and Application Sketch
By type
By application
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