Global Smart Cities Market Analyzed by Business Growth 2019 Smart Cities Market | Page 2

According to a new market report published by BlueWeave Consulting, The Global
Smart Cities Market was valued at US$ 824,774.8 Mn in 2017 and is expected to
expand at a CAGR of 21.5% from 2018 to 2024, reaching US$ 3,180,358.5 Mn by
the end of the forecast period. Greater involvement of the corporates and growing
public-private partnerships are some of the major trends observed in this market.
The market overview section of the report demonstrates market dynamics such as drivers,
restraints, and opportunities that talks about the current nature and future scenario of the
said market, key market indicators, end-user adoption analysis. Further, key market
indicators included in the report provide the significant factors which are capable to define
the market position of global smart cities market.
Smart Cities Market: Scope of the Report
The global Smart Cities market is segmented on the basis of Component, and Application.
On the basis of Component, the market is segmented into Hardware and Software.
Hardware was the largest segment in the global craft beer market in 2017 and is estimated
to witness the highest growth during 2018-2024. On the application basis, the market is
segmented into Smart Governance, Smart Infrastructure, Smart Education, Smart
Healthcare, Smart Security & Threats, Smart Utility, Smart Building, Smart Transportation,
and Others. Smart Governance accounted for the largest segment in the global Smart Cities
market in 2017.
On the basis of region, the market is segmented into five parts namely North America,
Europe, Asia Pacific, Middle-East & Africa, and Latin America. Europe was the largest region
in the global Smart Cities market in 2017 and it is estimated to grow over a CAGR of 19.9%
during 2018-2024.
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Global Smart Cities Market: Key Stakeholders
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Educated Citizens
Business Owners
Public Interest Group
Municipal Authorities
Professional Service Providers
Utility / Service Providers
Academic and Research Institutes
Security Equipment Providers
Software & Hardware Providers
Telecommunication Providers
Cloud Service Providers
Real Estate Builders
Safety Standard Providers
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