Thursday, May 5th, 2016

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.

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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.

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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 grid

Smart home and building

Smart water network

Smart healthcare

Smart education

Smart security

Smart transport

The market is divided into the following segments based on geography: Americas, APAC and EMEA

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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.

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Smart City ICT Infrastructure Market, Smart City ICT Infrastructure Industry, Global Smart City ICT Infrastructure Market, Smart City ICT Infrastructure Market 2016, Market Research Reports




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