Intelligent City Market 2019-2025
With technological advancement, government at global level has considered to make cities intelligent for the overall surveillance, safety, security and ease to citizens. Intelligent City network is deployment of ICT to develop the smart infrastructure in urban areas. The advanced cities are using Internet of Things to keep a check on city’s infrastructure, power plants, waste management, crime detection, municipality service, management of traffic, real estate development, urbanization of cities, rain water harvesting, wi-fi network, cctv, sensors and smart parking facilities. Emergency Services for health and fire safety shall also be one of the major utility service for the citizens.
Apart from developing Intelligent City, environment sustainability is also a prime factor involved. Using Renewable form of energy such as solar energy, Electric Vehicles, Rain Water harvesting projects, green belt in the real estate are some of the instances which are adopted to keep city clean, green and sustainable. The developed cities have already taken up the initiative and will encourage other cities too. Thus, even at world level, while the cities and countries have take a leap towards urbanization, the next level is promoting and investing in developing Intelligent City Infrastructure.
Intelligent City Projects are being floated across the globe in order to meet the need of the day. The local government are also being encouraged to develop smart features locally and thereby at State Level. Internet of Things, Big Data and Artificial Intelligence are some of the factors that shall open opportunities for developing Intelligent City. One of the security concern is protection of smart devices and data protection in the city. Internet network shall also remain strong and uninterrupted to utilize and realize the benefits of Smart Infrastructure.
The key players covered in this study
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The Intelligent City market is divided into various application based segmentation such as Intelligent Mobility Management, Intelligent Public Safety, Intelligent Healthcare, Intelligent Building, Intelligent Utility, Intelligent Security, Intelligent Education and other solution. As the market is spread across globe, the cities are also bifurcated as Type I, Type II depending on the level of development and also the development of Intelligent City is divided in phases within types.
The Intelligent City market is concentrated into major regions such as North America, Europe, Asia Pacific, South America, Middle East and Africa. The Key Countries within these regions are US, Canada, Mexico in North America; Germany, Italy, France, UK, Russia in Europe; India, Korea, China, Japan and South East Asia in Asia Pacific region; Saudi Arabia, UAE, Egypt, South Africa and Nigeria in Middle East and Africa.
The Intelligent City market is estimated to grow at a CAGR of 18.3 percent over the forecast period i.e. between 2019 to 2024. The market value of Intelligent City was 528.16 billion in 2018 and it is expected to reach to 1447.87 billion USD by 2024. Use of smart technology, ease of work and competition amongst cities to be nominated in the list of Smart Cities by Government are the driving factors for the market.
Table of Contents:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
9 Southeast Asia
11 Central & South America
12 International Players Profiles
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