Global Smart Cities Market Analysis and Segment Forecasts by 2020
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Increasing urban population along with industrialization has positively impacted the smart cities market. Integrated citywide solutions in order to address a range of issues such as public safety, street lighting, energy, water management and urban mobility are expected to be implemented within the forecast period. Growing range of suppliers and improved local economies are expected to favor the emerging needs for the market. Lack of investments in legacy systems, political and socio-economic factors could pose a challenge to market growth. Increasing need for electronic waste management due to proliferation of electronic components is a considerable opportunity for companies operating in the market. Browse the report: http://www.orbisresearch.com/reports/index/smart-cities-market-analysis-byapplication-smart-energy-management-smart-security-industrial-automation-smart-healthcare-smartbuildings-smart-homes-smart-transportation-and-segment-forecasts-to-2020
Further key findings from the study suggest: Smart security is expected to account for majority of the overall market share and remain the dominant segment up to 2020. This is mainly attributed to reduced third party misuse by imposition of high security requirements. Smart transportation is expected to minimize the economic burden of regulatory bodies by reducing fuel consumption and traveling delays. Request a sample of the report:http://www.orbisresearch.com/contacts/request-sample/60847
North America is expected to continue being the largest regional market over the next six years. Expanding transportation sector, improvements in water infrastructure and increasing smart grid investments have spurred regional growth. Government regulations towards reducing carbon footprint by use of renewable resources are expected to drive the regional market. Asia Pacific is expected to witness high growth, mainly due to high residential development demand in China and India. Key companies operating in the market include IBM, Alcatel-Lucent, Accenture, ABB, Cisco, Cubic, Honeywell and Oracle. Manufacturers in Asia Pacific have been focusing on investments in R&D activities in order to ensuring global presence and strengthen their distribution network. About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
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