The global smart city platform market size will increase from $ 105 billion in 2018 to +225 billion by 2024, with a compound annual growth rate (CAGR) + 17% over the forecast period. Most smart cities worldwide, with a population of over 500,000, are growing faster than average urban growth. This opens up new market opportunities for industry players to grow their business in smart urban environments. Investment in advanced infrastructure for the proper operation of smart city services is expected to be $ 30- $ 40 trillion over the next 20 years, depending on key participants. The main factors that are expected to drive the market growth are governments and cities that give service providers priority over independent smart solutions because of the scalability and integration of other smart solutions. Every solution provider needs a platform to provide smart solutions. Among the key players in the smart city platform market is City IQ by Current, Cisco Kinetic by CISCO, Ocean Connect by Huawei, Hitachi Vantara by Hitachi, CityNext by Microsoft, Nokia IMPACT IoT platform, and City Intelligent Platform by Siemens. But there are a variety of startups and small businesses that have stand-alone solutions to implement.
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Key Market Segments:
Key Market Player:
Cisco (US), IBM (US), Microsoft (US), Hitachi (Japan), Siemens (Germany), Schneider Electric (France), Huawei (China), Intel (US), GE (US), AT&T (US), Oracle (US), Ericsson (Sweden), Nokia (Finland), Itron (US), Verizon (US), Honeywell (US), SAP (Germany).
By Platform Type
- Connectivity Management Platform
- Integration Platform
- Device Management Platform
- Security Platform
- Data Management Platform
- Consulting and Architecture Designing
- Infrastructure Monitoring and Management
- Deployment and Training
By Delivery Model
- North America
- Latin America
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The connection management platform segment is expected to have the highest CAGR over the forecast period
The communication management platform is expected to have the highest CAGR during the forecast period and is expected to show strong growth characteristics over the next few years. This feature is particularly characterized by the continuous development of smart cities in developing countries. Connectivity is the backbone of all smart infrastructure and a relatively high growth rate compared to other platforms.
Among delivery models, the mixed sector is expected to have the highest market share and grow at a higher CAGR during the forecast period.
A hybrid transport model is a popular choice among other deployment models because of the connection management system and security system. In this delivery form, you will get advantages abroad as well as abroad. The overall adoption of hybrid solutions is expected to increase during the forecast period due to the diversity of key features and features offered by the solution.
North America is expected to occupy the largest market during the forecast period
The Smart City market geographic analysis consists of five regions: North America, APAC, Europe, the Middle East and Africa (MEA), and Latin America. With the increasing adoption rate of smart technology in North America, North America occupied the highest share in the smart city platform market in 2017. North America consists of the United States and Canada and is one of the key areas in terms of developing smart city platforms. The adoption of smart building technology has become a common practice in the United States. According to the EPA report, Washington, DC, Los Angeles, San Francisco, Atlanta, New York, Chicago, Dallas Fort Worth, Houston, Denver, Phoenix and Boston are the 11 most energy-efficient cities in cities. 2015.
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Table of Content:
Chapter 1 Global Smart City Platform Market Overview
Chapter 2 Global Economic Impact on Smart City Platform Industry
Chapter 3 Global Smart City Platform Market Competition by Manufacturers
Chapter 4 Global Smart City Platform Production, Revenue (Value) by Region
Chapter 5 Global Smart City Platform Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Smart City Platform Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Smart City Platform Market Analysis by Application
Chapter 8 Smart City Platform Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Smart City Platform Market Forecast
Chapter 13 Appendix
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