Dublin, June 23, 2022 (GLOBE NEWSWIRE) -- The "Smart Cities Market by Strategy, Technology, and Outlook for Solutions, Applications and Services 2022 - 2027" report has been added to ResearchAndMarkets.com's offering.
Select Report Findings:
Overall value of global smart cities market to exceed $2.7 trillion by 2027
The artificial intelligence market in smart cities to reach $298 billion by 2027
North America is the largest region with a 33.4% of the total smart cities market
The infrastructure segment is the largest technology area with 68.2% of the total market
5G narrow-band, mid-band and millimeter wave in smart cities to reach $121.5 billion by 2027
This report evaluates the smart cities market including leading vendors and strategies (such as a single vs. multi-vendor centric approach), infrastructure, solutions, applications, and services. The report analyzes market factors driving solution adoption, technology readiness and fitness for use, and other considerations.
The report assesses the aforementioned factors to derive penetration and revenue to forecast market value for the period of 2022 to 2027. The report also analyses the role of technology accelerating digital transformation including AI, edge processing, 5G deployment and usage, and advanced data analytics.
Smart cities represent a combination of solutions deployed in an urban environment to transform the administration and support of living and working environments to meet these challenges. Accordingly, Information and Communications Technologies (ICT) are transforming at a rapid rate, driven by urbanization, the industrialization of emerging economies, and the specific needs of various smart city initiatives. Smart city development is emerging as a focal point for growth drivers in several key ICT areas including AI, IoT, connected devices, broadband wireless, edge computing, and big data analytics.
Technological innovation is one of the driving factors for the development of cities. These innovations are also an important support for those searching for new ways to manage resources and deliver services. A lot of smart city technologies are being developed to manage specific issues in energy distribution, energy management, transportation management, and public safety.
New generations of sensor networks, big data analytics, and IoT applications are being deployed in public and privately managed physical spaces to meet these requirements, though many challenges remain.
An important focus area for smart cities is technology infrastructure to enable smart utilities (smart grids, sanitation, water, and gas), smarter buildings, and workplaces. Systems and resources are intertwined as mobility, communications, energy, water, platforms, monitoring/control, performance management, predictability and forecasting all merge together. We see great synergy coming in public and corporate collaboration, but it will take up to twenty years to fully develop.
Major initiatives are beginning to make a substantial positive impact as critical milestones are achieved. This includes network and system interoperability, security and privacy controls, and technology integration. For the latter, one of the key areas that we see is the combination of AI and IoT forming "thinking" cities that rely upon the Artificial Intelligence of Things (AIoT).
Industry verticals we see as early beneficiaries include utilities, public safety, and transportation. Specific AIoT-enhanced smart city solutions within these verticals are poised to improve the overall efficiency and operational effectiveness of delivery systems as well as human capital management.
Optimizing systems and services for the smart cities market will be an ongoing process. This is because developing a smart city represents an ongoing transformation process in which the correct environment for smart solutions to be efficiently accepted takes shape over a period of decades. Sustainable smart city technology deployments depend upon careful planning and execution as well as monitoring and adjustments as necessary.
Key Topics Covered:
Smart City Overview
A Global Need for a Smarter Urban Environment
All Cities are "Smart" but some are Smarter than Others
Smart City Strategy and Planning
Smart City Considerations
Existing vs. New City Approach
Smart City Development Factors
Smart City Services Life Cycle
Smart Community Services
Smart City Business Models
Build Own Operate
Build Operate Transfer
Build Operate Manage
Open Business Model
Smart City Market Analysis
Smart City Market Drivers
High Bandwidth, Low Latency, and Reliable Communications
Reduced Energy Consumption with Smart Energy Solutions
Active Citizen Engagement Leads to Greater Smart City Support
Improving Governance Services and National Security
Accelerating Digital Transformation
Fostering Urban Development
Smart City Solution Focus Areas
Smart City Infrastructure
Specific Smart City Solution Areas
Smart City Technology Analysis
Machine to Machine and Internet of Things
Machine to Machine Technologies and Communications
Internet of Things in Smart Cities
Smart City Data Management Technologies and Solutions
Artificial Intelligence in Smart Cities
Metropolitan and Wide Area Communications
Short Range Communication Technology
Next Generation Computing support of Smart Cities
Smart City Development by Region and Country
Smart City Value Chain and Application Analysis
Smart City Ecosystem Analysis
Smart City Product and Service Provider Opportunity Analysis
Amplia Soluciones SL
Analog Devices Inc.
Bosch Software Innovations GmbH
Get My Parking
Oorja On Move
Schneider Electric SA
Spatial Labs, Inc
Valor Water Analytics
Smart Cities Projects
Smart Traffic Management of Miami-Dade
Waste Management in Sweden
Creating a Health Hub
Smart London Plan
Recycling Project in Finland
Danish City Gains Efficiency with Cloud-based Productivity Tools
City of Seoul Case Study
Bauru scores big with GE LED signals
Integrated Smart City Transportation System
Smart Meter Solutions for Water Utilities
Smart Cities Market Forecast 2022 - 2027
For more information about this report visit https://www.researchandmarkets.com/r/3usvf9
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