July 13, 2017
Wellesley, Mass., July 13, 2017 – The global smart cities market for information and communications technologies continues to expand at a rapid pace as the demand for more effective citywide management methods become more popular. In a new report published today, Smart Cities: Growing New IT Markets, BCC Research estimates that the market will reach $774.8 billion in 2021 at a compound annual growth rate (CAGR) of 17.7%. The new report highlights the information and communication technology investment driven by smart city applications and serves as an update to BCC Research’s first smart cities report published in 2015. Market opportunity is expressed in terms of potential revenue for the addressable market for smart city technologies by geographic region, technology type and end-user segment.
According to Michael Sullivan, senior editor, BCC Research, and report author, “The smart cities market opportunity is driven by the convergence of information and communications technology, in particular the development of advanced connectivity and analytic software and hardware. A branch of the Internet of Things (IoT), smart cities leverage the array of connected sensors and analytics platforms to drive stronger coordination within departments and across city agencies and community groups. Our new research offers a deep dive on the top categories of smart city technologies necessary to build an effective ICT infrastructure and real world use cases from around the world.”
Smart City Technologies Gain Momentum Around the Globe – Research Highlights:
Designed to help manufacturers determine the most effective research and development (R&D), product packaging and marketing and sales strategies, the new report provides updated market sizing and forecasts for smart city information and communication technologies around the globe. Component segments include communications, hardware, sensors and software as well as in-depth market size and forecast for key end-user segments including energy management, water management, transportation management, assisted living, e-government and waste management.
Readers can use this report to:
Smart City ICT market leaders included in this report: Accenture, Cisco Systems, Nokia, Ericsson AB, Fujitsu, General Electric, Hitachi, Hewlett-Packard, Huawei Technologies Co. LTD, IBM, Intel, Microsoft, Oracle, SAP SE, Schneider Electric SE, Siemens, and Toshiba.
Smart City companies included in this report: ABB Tropos, AGT International, ARUP, AT&T, Atos SE, Autodesk, Capgemini, Cityzenith, Esri, Itron, Orange Group, Sensus, Silver Spring Networks, Telefonica, Trilliant, Urbiotica, Veolia, Verizon, and Vodafone.
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Smart Cities: Growing New IT Markets( IFT115B )
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