A smart city is an infrastructural framework based on Information and Communication Technologies (ICT) that collects data through various electronic sensors and optimizes operations to promote sustainable development in urban areas. The software component consists of mobile and web applications, while the hardware component includes sensors, chips and actuators for management and administration through digital devices. The framework of smart cities also promotes automation across healthcare, education, residential, transport, water treatment, security and energy sectors.
Smart Cities Market Trends
The global market is driven by the increasing adoption of artificial intelligence (AI)- and Internet of Things (IoT)-based building management systems across the globe. Technologically advanced cities are using software-based tools to ensure the comprehensive development of institutional, social, physical and economic infrastructure. Furthermore, rapid population growth, hyper-urbanization and globalization, are also providing a boost to the market growth. Other factors, including favorable government initiatives promoting sustainable lifestyles, are projected to drive the market further.
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Market Breakup by Focus Area:
Smart Citizen Services
Market Breakup by Smart Transportation:
Traffic Management System
Passenger Information Management System
Freight Information System
Market Breakup by Smart Buildings:
Building Energy Optimization
Emergency Management System
Parking Management System
Market Breakup by Smart Utilities :
Advanced Metering Infrastructure
Distribution Management System
Market Breakup by Smart Citizen Services:
Smart Public Safety
Smart Street Lighting
Market Breakup by Region:
Middle East and Africa
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