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Global Smart Cities Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

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Transparency Market
Research
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Smart Cities Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019

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USD 7795
Corporate User License:

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Published Date
22-May-2014

88 Page Report

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Press Release

Global Smart Cities Market Expected to Reach USD 1,265.85
Billion Globally in 2019: Transparency Market Research
Transparency Market Research
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Smart Cities Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research "Smart Cities Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global smart cities
market is expected to reach a value of USD 1,265.85 billion by 2019, growing at a CAGR of 14.0% from
2013 to 2019. Increase in migration from rural to urban areas is the major factor responsible for the growth
of smart cities market, globally. North America was the largest contributor to the smart cities market and
accounted for a share of 34.5% in 2012. This is mainly attributed to the increasing smart grid investments,
upgradation in the water infrastructure and transportation sector. The manufacturers in this region are
investing more in smart meters and smart grids to provide an excellent foundation for smart city
programs.
Among the diferent application categories, smart transportation segment held the largest share of around
16% in 2012. This was due to the growing demand for advanced traic management, building a superior
environment and reducing the volume of delivery vehicles. At the same time, smart transportation links
the modes of transport to improve the traic low in both urban and inter-urban networks. Smart
transportation system helps in minimizing the economic burden of government by reducing traveling
delays and fuel...

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