Smart City Platforms Market Size is Projected to Reach USD 181750 Million by 2026 at CAGR 9.3% | Valuates Reports

Smart City Platforms Market Size is Projected to Reach USD 181750 Million by 2026 at CAGR 9.3% | Valuates Reports

PR Newswire

BANGALORE, India, Dec. 15, 2020

BANGALORE, India, Dec. 15, 2020 /PRNewswire/ -- The Smart City Platforms Market is Segmented by Type (Connectivity Management Platform, Integration Platform, Device Management Platform, Security Platform, Data Management Platform, Other), Application (Smart Mobility/Transportation, Extended City Services, Smart Utilities, Infrastructure Management, Environment Planning, Other), Key Vendors and Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021–2026. This report is published on Valuates Reports in the Software & Services Category.

Valuates_Reports_Logo

In 2019, the global Smart City Platforms market size was USD 96870 Million, and it is expected to reach USD 181750 Million by the end of 2026, with a CAGR of 9.3% during 2021-2026.

The major factor driving the smart city platforms market size is government and cities giving priority to platform providers compared to standalone smart solutions because of scalability and other smart solutions. 

This report focuses on the global Smart City Platforms status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Smart City Platforms development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

Request a Sample Copy of the Report For COVID-19 Impact Analysis on Smart City Platforms Market: https://reports.valuates.com/request/sample/QYRE-Auto-39N905/Global_Smart_City_Platforms_Market

TRENDS INFLUENCING THE SMART CITY PLATFORMS MARKET SIZE

As a result of the outbreak of COVID-19, there is a decline in smart city networks' adoption. While lockdowns across countries have called for improved technology deployment in surveillance systems, citizen tracking, service billing optimization, patient monitoring, and law enforcement, instability in manufacturing and supply chains poses a major challenge to smart cities' development. The smart city platforms market is expected to witness growth after the first half of 2021 due to investments.

Increased demand for platform providers is one of the main factors expected to drive the smart city platform market size. Every solution provider needs a network to deliver a smart solution. However, there is a range of start-ups and small businesses providing standalone implementation solutions. From the government's point of view, they would appreciate a solution provider that can incorporate all solutions into a single framework, thereby providing more information to manage the city, make informed decisions and introduce an integrated data platform.

Organizations in diverse verticals are continuously seeking to increase IoT to simplify their processes and increase their throughput. As a result, the spread of IoT and related innovations is expected to generate numerous opportunities and increase the smart city platform market size. The smart city platform allows users to incorporate various sensors, computers, people, vehicles, and other devices through a wide range of applications and usage situations.

Furthermore, with the emergence of Industry 4.0, manufacturers plan to introduce smart city platforms for better decision-making. The increase in the number of business parks also offers opportunities for smart city platforms to be deployed. These factors are expected to further increase the smart city platform market size.

View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Auto-39N905/global-smart-city-platforms

SMART CITY PLATFORMS MARKET SHARE ANALYSIS

North America is expected to hold the largest Smart City Platforms Market size during the forecast period. This dominance of North America is attributed to the growing adoption rate of smart technologies in the region. Network operators in this area are constantly investing in expanding and improving their telecommunications networks and moving towards 5G using technologies such as cloud edge computing and network slicing, allowing smart city platforms to be implemented for a low cost. Rapid digitization across a wide range of vertical lines, growing adoption of smart connected devices, and rising technological developments have further fuelled the growth of the smart city platform market size in the North American region.

APAC is expected to witness the highest CAGR during the forecast period due to the increasing adoption rate of IoT and the rising demand for intelligent and smart solutions. Increasing citizen engagement is the major growth factor expected to drive the smart city platforms market's growth.

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-39N905/Global_Smart_City_Platforms_Market

SMART CITY PLATFORMS MARKET SEGMENTATION

Smart City Platforms Market Segment by Type

Smart City Platforms Market Segment by Application

Smart City Platforms Market Segment by Regions/Countries

Key Major Vendors

Cisco, IBM, Microsoft, Hitachi, Siemens, Schneider Electric, Huawei, Intel, GE, AT&T, Oracle, Ericsson, Nokia, Itron, Verizon, Honeywell, SAP, etc.

Buy Now for Single User + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-39N905&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-39N905&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

Smart Cities Market

The Global Smart Cities Market size is expected to reach 252.56 Billion USD by the end of 2025, with a CAGR of 16.53% between 2019 and 2025.

Among regions, APAC is projected to have the largest market share by 2023 and is expected to lead the smart cities market, in terms of growth, from 2019 to 2025.

Smart Transportation Market

The global Smart Transportation market size is projected to reach USD 121220 Million by 2026, from USD 74990 Million in 2020, at a CAGR of 8.3% during 2021-2026.

Smart Building Market

The global Smart Building market size is projected to reach USD 146680 Million by 2026, from USD 71970 Million in 2020, at a CAGR of 12.6% during 2021-2026.

Top companies in the smart building market are Honeywell, Johnson Controls, Siemens, UTC, Schneider, Ingersoll Rand(Trane), Azbil, General Electric, Eaton, Legrand, and so on. Among them, Honeywell is the leading global supplier.

IIoT Platform Market

The global IIoT Platform market size is projected to reach USD 15560 Million by 2026, from USD 3697.9 Million in 2020, at a CAGR of 27.1% during 2021-2026.

North America is the largest contributor to the IIoT platform market, among all other regions. The North American market mainly comprises the US and Canada and is expected to hold the largest share of the global IIoT platform market.

Hybrid Integration Platform Market

The global Hybrid Integration Platform market size is projected to reach USD 20960 Million by 2026, from USD 18610 Million in 2020.

Connected Device Management Platform Market

The global Connected Device Management Platform market size is projected to reach USD 299.8 Million by 2026, from USD 88 Million in 2020, at a CAGR of 22.6% during 2021-2026.

Data Management Platforms Market

The global Data Management Platforms Market size is projected to reach USD 2853.4 Million by 2026, from USD 1748.5 Million in 2020, at a CAGR of 8.5% during 2021-2026.

Artificial Intelligence Applications for Smart Cities Market

Artificial Intelligence Applications for Smart Cities Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Safety & Security, Mobility & Transportation, Energy & Resource Management, Infrastructure Management, Healthcare), By Application (Big City, Medium and Small Cities) and Regional Opportunity Analysis and Industry Forecast.

Internet of Things (IoT) in Smart Cities Market

Internet of Things (IoT) in Smart Cities Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Satellite Network, Cellular Network, Rfid, Nfc, Wi-Fi, Others), By Application (Traffic, Infrastructure Management, Building Automation, The Energy Management, Smart City Services) and Regional Opportunity Analysis and Industry Forecast.

Big Data in Smart Cities Market

Big Data in Smart Cities Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( On Cloud, On-Premise, Hybrid), By Application (Smart Governance, Smart Energy, Smart Building, Smart Mobility, Smart Infrastructure, Others) and Regional Opportunity Analysis and Industry Forecast.

To see the full list of related reports on the Smart City

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg  

Voltar noticias em Inglês