Global Smart City Ict Infrastructure Market

Apr 2020| VMR2245A| Verified Market Research

Report Highlights

Smart City ICT Infrastructure Market Size And Forecast

According to Verified Market Research, the Global Smart City ICT Infrastructure Market was valued at USD 758.10 billion in 2019 and is projected to reach USD 2523.55 billion by 2027, growing at a CAGR of 17.5% from 2020 to 2027.

Global Smart City ICT Infrastructure Market Outlook

Factors such as rapid industrialization, population migration from villages to urban areas, and growing demand from the Asia Pacific region are expected to drive the market.

However, lack of awareness about the benefits of smart cities due to low literacy rates is expected to restrain market growth. Tackling this problem is a challenge faced by the market players globally.

Global Smart City ICT Infrastructure Market Segmentation

The Global Smart City ICT Infrastructure Market is classified on the basis of Type, and Geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market.

Global Smart City ICT Infrastructure Market Competitive Landscape

The “Global Smart City ICT Infrastructure Market” study report offers a valuable insight with an emphasis on global market including some of the major players such as IBM, Huawei, AT&T, Cisco Systems, Oracle Corporation, and NTT Communications.

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