Global Smart City Market: Growing Market Size, Development Trends and Technology Advancements Will Lead Market to Grow at a CAGR of 19.65% During Forecast 2016-2020

ALBANY, New York, October 28, 2016 /PRNewswire/ --

Researchmoz has released a new market report titled "Global Smart City Market 2016-2020". A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.

The global smart city market to grow at a CAGR of 19.65% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global smart city market for 2016-2020. To calculate the market size, the report considers the revenue obtained from components such as smart security, smart infrastructure, smart energy, smart governance, smart education, smart building, smart healthcare, and smart mobility.

The market is divided into the following segments based on geography:  

• Americas
• APAC
• EMEA

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Technavio's report, Global Smart City Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors  

• ABB
• Cisco
• Ericsson
• GE
• Google
• Huawei Technologies
• IBM
• Microsoft
• Oracle
• Schneider Electric
• Siemens

Other prominent vendors  

• Accenture
• Aeris Communications
• Alcatel-Lucent
• Digi International
• HCL
• Hitachi
• Honeywell International
• HP
• Jasper Technologies
• KORE Wireless
• LG
• Mercedes-Benz
• NEC
• Novatel Wireless
• NTT DATA
• SAP
• Sierra Wireless
• Telefonica
• Vodafone
• Wipro

Research Report with ToC & Free Analysis: http://www.researchmoz.us/global-smart-city-market-2016-2020-report.html

Key questions answered in this report  

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Browse Related Research Report: 

Global Smart City Communication Networks Consumption 2016: http://www.researchmoz.us/global-smart-city-communication-networks-consumption-2016-market-research-report-report.html

Global Smart City ICT Infrastructure Market 2016-2020: http://www.researchmoz.us/global-smart-city-ict-infrastructure-market-2016-2020-report.html

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