Smart Cities Market Overview:
The report has forecasted to expected fluctuations in demand of Smart Cities by year and by country, which is supposed to give good idea about the future course of movement about the Smart Cities market. The supply side by key players by region and by end user is given in volume as well as volume in the report. The report also has given the expected demand and supply gap over the period, focusing on the market opportunities for key players in Smart Cities Industry.
Competitive landscape chapter has covered the market structure by region. Market share in each country for market leader, market followers and local players has given in the report for 2021 and also the forecast of share in 2029. Every key player has been studied in the report in strategic perspective.
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Smart Cities Market Scope and research methodology:
34 key economies are covered in the report from all five continent, however, that does not make the report general understanding about market but deep insight in each geographical and end user segment have made this report exclusive in the market.
Bottom up approach has been applied to collect the data, analyse, validate the same and come on conclusion for each country. Secondary and primary methods have been used to collect the data. Annual reports of each key players are referred as source however; data is purchased from different sources available in market in each country. Import-export data is purchased from each country’s tax department or relevant department. Primary respondents were selected on the need basis to validate the figures and analysis done through secondary research.
Based on Smart Utilities, Energy Management Segment Dominated the Smart Cities Industry in 2021:
In 2021, the smart cities sector’s energy management segment had the highest revenue share (55%). The use of virtual power plants, which rely on AI, machine learning, and IoT to ensure security and efficiency, has been prompted by the rising demand for energy. In order to advance the development and overview of complex energy management systems and design analytics solutions that integrate cutting-edge technologies like blockchain, key market participants are working to establish a strong R&D infrastructure. The segment for water management is anticipated to grow at a CAGR of 23.8% during the forecast period. Due to the growing interest in sustainable living, numerous laws and regulations requiring cities to install water management systems in collaboration with system integrators and OEMs have been developed.
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Smart Cities Key Players:
Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.
Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.
The major players covered in the Smart Cities market report are
- Cisco Systems, Inc.
- Ericsson
- General Electric
- Honeywell International Inc.
- International Business Machines Corporation
- Itron Inc.
- KAPSCH Group
- Huawei Technologies Co., Ltd.
- Microsoft Corporation
- Oracle Corporation
- Osram Gmbh
- SAP SE
- Schneider Electric SE
- Siemens AG
- Telensa
Key Questions Answered in the Smart Cities Market Report are:
- Which segment held the largest share in the Smart Cities market in 2021?
- Competitive landscape by region
- Who are the market leaders, market followers, and new entrants?
- Strategies of market leaders in each segments with investment
- SWOT analysis of each player
- Region wise market structure and dynamics that impact the industry and companies
- What was the competitive scenario of the Smart Cities market in 2021?
- Which are the key factors responsible for the Smart Cities market growth?
- Which region held the maximum share in the Smart Cities market in 2021?
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