|By Business Wire||
|August 27, 2014 07:36 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/5qv78t/smart_cities) has announced the addition of the "Smart Cities Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
The global market for smart cities was valued at USD 506.78 billion in 2012 and is projected to grow at a CAGR of 14.0% during the forecast period from 2013 to 2019.
The rapid growth in population in the urban areas due to migration from rural areas is creating infrastructural challenges for municipalities and governments, globally. As the urban population is growing rapidly, the limited natural resources would be insufficient to meet the daily needs and wants of the people across the globe. Hence, it has become important to switch to alternative resources to fulfill the needs of continuously growing urban population and look for energy efficient methods to meet energy conservation. This has resulted in the emergence of smart cities concept. On the basis of this motive, the revolution of cities is required to address the economic, engineering, environmental and social challenges.
Smart cities offer a set of infrastructure and new generation services with the support of Information and Communication Technologies (ICT). The concept helps the environment by reducing the amount of CO2 emissions. It aids people by saving the energy cost, making optimum utilization of natural resources effectively and efficiently. The smart cities concept also helps people in maintaining their information and data safely. There are technologies embedded with features that help identify problems at a very early stage, and subsequently improve the safety and security of people living in the cities.
The smart cities market is driven by various factors which include increase in migration from rural to urban areas, rising energy consciousness and a shift towards green infrastructure. With more number of people shifting to urban areas, there is increased pressure on urban infrastructure networks. This creates the need for the smart city concept which focuses on reduced use of natural resources and improved energy efficiency. However, lack of stakeholder engagement and security concerns are some factors that may inhibit market growth.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Smart Cities Market Overview
Chapter 4 Smart Cities Market Size and Forecast, By Applications 2013 - 2019
Chapter 5 Smart Cities Market Size and Forecast, By Geography 2013 - 2019
Chapter 6 Company Profiles
- ABB Ltd.
- Accenture PLC
- Siemens AG.
- Alstom S.A.
- Alcatel-Lucent SA.
- Cisco Systems Inc.
- Dassault Systemes S.A.
- Telefonaktiebolaget L. M. Ericsson
- Honeywell International Inc.
- General Electric Company
- International Business Machines Corporation (IBM)
- Hitachi Ltd.
- Intel Corporation
- Oracle Corporation
For more information visit http://www.researchandmarkets.com/research/5qv78t/smart_cities
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