Smart Cities Market
Global Smart Cities Market : Growth Factors
The growing infrastructure , technological advancements in the information and communication technology along with the increasing urbanization are the factors driving the global smart cities market growth . The smart city solutions in various sectors such as construction , transportation , citizen services , and utilities in order to improve the living standard , efficiency , environmental protection , energy optimization and economic stability may boost the global market in future . The other factors driving the smart cities market are the use of technology in the IoT , mobility and sensor field , increasing energy consumption , government initiatives , cost-effective building infrastructure , limitations in capacity expansion , and rising renewable energy share .
Global Smart Cities Market : Segmentation
The global smart cities market is bifurcated on the basis of focus area , services , and geography . The focus area segment is further categorized into transportation , buildings , utilities , and smart citizen services . The transportation sub-segment is grouped into rails and roads . The buildings sub-segment is further bifurcated into commercial and residential . The utility sub-segment of the global smart cities market is further divided into water , gas , and energy . The smart citizen services sub-segment is categorized into healthcare , education , and security . The services segment includes management and planning , consulting , infrastructure monitoring and integration . The geographical segmentation of the global smart cities market includes Asia Pacific , Europe , the Middle East and Africa , Latin America , and North America .
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