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Growth Statistics For Smart Cities Market Up To 2020 : Latest Report By Radiant Insights,Inc

San Francisco, April 12, 2016 (GLOBE NEWSWIRE) -- Increasing urban population along with industrialization has positively impacted the smart cities market. Integrated citywide solutions in order to address a range of issues such as public safety, street lighting, energy, water management and urban mobility are expected to be implemented within the forecast period. Growing range of suppliers and improved local economies are expected to favor the emerging needs for the market. Lack of investments in legacy systems, political and socio-economic factors could pose a challenge to market growth. Increasing need for electronic waste management due to proliferation of electronic components is a considerable opportunity for companies operating in the market.

Browse Full Research Report With TOC On "Smart Cities Market Shares, Strategies, and Forecasts, Worldwide, 2020" at: http://www.radiantinsights.com/research/smart-cities-market-analysis-by-application-smart-energy-management-smart-security-industrial-automation-smart-healthcare-smart-buildings-smart-homes-smart-transportation-and-segment-forecasts-to-2020

Further key findings from the study suggest:

  • Smart security is expected to account for majority of the overall market share and remain the dominant segment up to 2020. This is mainly attributed to reduced third party misuse by imposition of high security requirements. Smart transportation is expected to minimize the economic burden of regulatory bodies by reducing fuel consumption and traveling delays.
  • North America is expected to continue being the largest regional market over the next six years. Expanding transportation sector, improvements in water infrastructure and increasing smart grid investments have spurred regional growth. Government regulations towards reducing carbon footprint by use of renewable resources are expected to drive the regional market. Asia Pacific is expected to witness high growth, mainly due to high residential development demand in China and India.
  • Key companies operating in the market include IBM, Alcatel-Lucent, Accenture, ABB, Cisco, Cubic, Honeywell and Oracle. Manufacturers in Asia Pacific have been focusing on investments in R&D activities in order to ensuring global presence and strengthen their distribution network.

See More Reports of This Category by Radiant Insights: www.radiantinsights.com/catalog/technology-and-media

Smart Cities Application Outlook (Revenue, USD Million, 2012 - 2020)

  • Smart Energy Management
  • Smart Security
  • Smart Transportation
  • Industrial Automation
  • Smart Healthcare
  • Smart Buildings
  • Smart Homes
  • Others

Smart Cities Regional Outlook (Revenue, USD Million, 2012 - 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Radiant Insights, Inc

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Email: sales@radiantinsights.com

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Source: Radiant Insights