Published Date : Nov 21, 2016
Albany, NY, Nov 21, 2016: The report examines the global smart cities market, focusing on the trends, opportunities, growth drivers, and factors challenging the growth of the market. The report, titled ‘Smart Cities: A Challenging But Attractive Opportunity For Network Operators,’ is available for sale on the official website of MarketResearchReports.biz. According to the report, the global smart cities market is expected to grow at a robust pace in the coming years owing to an increase in the number of smart meters installations. The need for integrated citywide solutions is another major reason behind the growing smart cities market. City leaders and city mayors around the world are committing to turn their city into smart city so as to shape the development of their city to meet environmental, social, and economic challenges. Additionally, government support will also drive the market.
The global smart cities market is marked by the presence of key players such as KT, T&T, Deutsche Telekom, KPN, and Telefonica. Players in the market are forming strategic alliances with software and hardware providers, telecommunications operators, and analytics software providers. These alliances are helping market players to integrate mobile technology and cloud-based IoT, which in turn is expected to drive smart city services such as surveillance, security, and transport. One of the prime factors driving the global smart cities market is the technological advancements in the field of cloud, IoT, sensors, and mobility. Analysts recommend making use of IoT services and M2M services as it has low risk and creates many opportunities. Urbanization and the growing need to optimize energy usage owing to high energy consumption will also drive the smart cities market worldwide.
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With improvements in technology and collaboration with stakeholders from different industries, such as IT, energy and infrastructure, and telecom, governments across the globe will be able to accelerate the delivery of integrated services. In addition to this, the decreasing operational costs of smart city infrastructures will also encourage governments to adopt smart technology. Smart city services are increasingly being adopted so that enterprises can participate and become a complementary part in the governance of cities. Smart cities are built in order to solve issues such as energy and water management, street lighting, mobility, and safety of citizens. Key trends in the market include miniaturization, wireless enabled devices, and interoperability of sensors.
The report discusses smart city scope, value chain reports, and elements of smart city. A separate section analyzing the approaches by operators have been included, which reviews the various smart city opportunities available to operators and also analyzes the most effective operator approach to smart city services. The case studies of key players have been given so as to give readers a clear idea as to all the problems faced by players and factors helping them to make profit in the industry.
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