According to the Smart City ICT Infrastructure market report, rapid industrialization and urbanization have led to various engineering, social, economic, management, and environmental challenges. To overcome these challenges, transformation into smart cities is required; it will encompass aspects of sustainability, energy management, intelligent transport, security, and environmental protection. In addition, with the rise in migration from rural areas to cities and the populace in urban areas, the need for efficient ICT infrastructure and planning is increasing. These have raised concerns regarding waste management, air pollution, human health, and aging infrastructure. Thus, the need for the transformation of existing ICT infrastructure with growing urbanization is expected to propel the market growth during the forecast period.
View Smart City ICT Infrastructure market report at http://www.reportsnreports.com/reports/539106-global-smart-city-ict-infrastrcture-market-2016-2020.html
The global Smart City ICT Infrastructure market analyst said IoT technology enables city planners to gain insights into different aspect of city management by enabling different devices to interconnect. It helps to manage large complex environments, understand the state of the city, and collaborate with different departments to produce cumulative results. There are a number of initiatives by IT and communication service providers. These increasing initiatives are increasing the popularity of the smart city concept across the globe.
The analysts forecast global smart city ICT infrastructure market to grow at a CAGR of 17.12% during the period 2016-2020. The rapid growth in urban population is increasing the demand for basic amenities that include transportation, healthcare, residents' safety, and education. The traditional operations in cities were ineffective and allowed only one-way distribution system for energy and water. However, with the advances in digital technology, the two-way communication became possible, and machine-to-machine (M2M) technology evolved further to provide smart grid, smart water management systems, smart transport system, and smart building system. All of these verticals form the smart city; and the development of smart cities is needed.
Inquire for Discount at @ http://www.reportsnreports.com/contacts/Discount.aspx?name=539106
This report covers the present scenario and the growth prospects of the global smart city ICT infrastructure market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the ICT infrastructure deployed on the following:
Smart home and building
Smart water network
The market is divided into the following segments based on geography: Americas, APAC and EMEA
Order a copy of Global Smart City ICT Infrastructure Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=539106
Global Smart City ICT Infrastructure Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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 players in the Global Smart City ICT Infrastructure Market: ABB, AT&T, China Mobile, Cisco, Hitachi, Honeywell, Huawei, IBM, NTT Communications, Oracle, Siemens, Verizon Communications, and Vodafone.
Other Prominent Vendors in the market are: Accenture, Alcatel-Lucent, Deutsche Telekom, Ericsson, HP, Microsoft, Schneider Electric, Telefonica, and Toshiba.
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Connect With Us on:
Twitter: https: //twitter.com/marketsreports
G+ / Google Plus: https://plus.google.com/111656568937629536321/posts
P: + 1 888 391 5441