Smart Cities Industry Expands due to Economic Growth Worldwide

Published Date : Apr 04, 2016

ALBANY, New York, April 04, 2016: announces the addition of a report, titled “Global Smart Cities Market Outlook 2016-2021,” to its expanding repository. This report provides an in-depth overview of the reasons why smart cities are emerging expeditiously in many parts of the world as part of the overall smart living trend. Using historical and current market figures, projections are made for the rate of the development of smart cities globally as well as in China in particular. Economic growth and technological developments are the vital parameters used to ascertain the advent of smart cities across North America, China, Asia except China, and EMEA in this report.

A smart city is an urban development with the aim to merge multiple information and communication technology channels in a secure fashion to manage a city’s assets. These assets include but are not limited to the information systems of local government departments, schools, transportation systems, libraries, hospitals, etc.

In India, in 2014, Prime Minister Modi divulged plans of his vision to set up 100 smart cities in the bid to herald a new era of economic growth in India. This led to a race among cities in the country to receive a listing in the smart cities development plan compiled by the ministry of urban planning. With the development of 100 smart cities in India, the larger aim is the adoption of smart solutions for efficient use of available assets, resources, and infrastructure, as quoted by the PM’S office.

The report on the global smart cities industry begins by outlining definitions, terms and terminologies, applications, and classifications that are used as standard in this industry. The section also throws light on the industry’s chain structure, which includes procurement of raw materials and downstream demand. Other than this, the manufacturing cost structure, profit margins, and revenue reports are presented at the end of this section. The bill of materials (BOM), labor costs, manufacturing costs, and depreciation costs make up the aggregated cost structure of smart cities and each is studied in the report.

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This report looks into the smart cities industry’s competitive hierarchy as well. The top seven companies that operate in this industry are mentioned and profiled for their distinguishing attributes. These companies are profiled for attributes of business positioning, financial standing, and SWOT reports.

A distinguishable feature of this report is an extensive overview of the China market for smart cities. This includes the emergence pattern of smart cities in provinces in China based on economic growth patterns and application of technology in pursuits of smart living in these provinces.

The report is a formidable tool for market participants in the smart cities industry. Existing players as well as new entrants that are interested in participating in this industry can utilize the growth opportunities presented herein.

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