Global Smart Cities IT Services Market 2015-2019
| Published: Nov 2015 | Pages: 80 | SKU: IRTNTR7684 |
Global market outlook for smart city IT services
The market for global smart cities IT services is growing rapidly and Technavio’s market research analysts predict it will reach a CAGR of more than 18% until 2019. The application of IoT and cloud computing in creating smart grids is a key contributor to the growth of this market.
In smart grids, digital technology is used for enabling two-way communication between the utility and its customers. Each device associated with the grid is given sensors to gather data. On analyzing the collected data, smart city planners and other authorities can take informative decisions on how to reduce power wastage.
Smart water is another emerging trend that fuels the growth of this market. To support a growing, urban population, government and city planners are expected to invest heavily in making water infrastructure smart. Smart water infrastructure enables the collection of meaningful data about the flow, distribution, and pressure of a city’s water system.
Issues concerning cyber security in smart cities
Key findings of this research report indicate, by 2020, 50 billion internet connected devices will exist globally. However, this technology also brings concerns regarding data security and privacy.
As more and more numbers of devices get connected, the information collected through these devices are will also become more vulnerable to cyber-attacks. The massive scale of information that is likely to be collected on devices and a cloud aggregator platform invokes issues associated with data theft and misuse. The development of smart cities requires assured funding from governments. The development of appropriate financial models continues to impact this market.
Geographical segmentation of smart city IT services market
- APAC
- America
- EMEA
The smart cities IT services in the EMEA region is growing at a promising rate. The European commission’s ‘smart cities and communities' initiative has set a new smart city agenda for Euro cities. The APAC region is also witnessing massive growth with initiatives from emerging economies boosting the growth of this market.
Key vendor analysis in the global cities IT market
Since its inception, initiatives on smart cities are constantly evolving. Presently, a significant number of cities are in the process of empanelling vendors. The evolutionary nature of this market is likely to lead to issues pertaining integration of different components from a large pool of IT and telecom providers.
- Accenture
- IBM
- CISCO
- Ericsson
- Oracle
The other prominent vendors of this market include Alstom, Arup, Hitachi, HP, Huawei, Infosys, Lockheed Martin, NTT Data, Microsoft, Siemens, and Wipro.
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Table of Contents
- Highlights
- Market overview
- Top vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast
- Five forces analysis
- PART 06: Geographical segmentation
- Americas
- EMEA
- APAC
- Market growth drivers
- Market trends
- Vendor analysis
- Other prominent vendors
- Accenture
- Cisco Systems
- Ericsson
- IBM
- Oracle
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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