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Smart City Platform Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The global smart city platform market was valued over $100 Bn in 2018 and is expected to surpass $320 Bn by 2026. Smart City platform is a result of the ongoing evolution of smart city programme. Smart City platform gives the in-built facility of co
Smart City Platform Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Smart City Platform Market Introduction
The global smart city platform market was valued over $100 Bn in 2018 and is
expected to surpass $320 Bn by 2026.
Smart City platform is a result of the ongoing evolution of smart city programme.
Smart City platform gives the in-built facility of co-ordinating applications, services
and data at multiple platforms. The abilities and functions of these technologies can
be blended in multiple ways to make a platform which will achieve the specific
needs. The various segments of IoT solutions are cloud security services, software
and hardware. In order to achieve the best of services like Amazon, Airbnb and Uber,
cities require to develop the appropriate platforms. The plan helps cities to ensure
that its environment, economies and services are apt and competent for the future.
Smart City Platform Market Overview
The adoption rate for IoT solutions is at an all-time high, this is increasing the
demand for platform providers in the smart city value chain, thereby initiating
profitable opportunities for them. It has also led to consultation and architecture
designing service to grow gradually. The development of an urban infrastructure
depends on competent planning and systematic integration of technology. The
consulting and architectural designing service is poised to dominate the service
segment of the smart city platforms market. Technological advancements and
innovations like smart utilities, smart transportation and smart buildings have fueled
the growth of the market. The implementation of hybrid solutions is poised to
increase exponentially during the forecast period (2019-2026), owing to a broad
array of functionalities and features the solutions provide.
Asia and Pacific is paving way for smart cities and is estimated to account for the
highest CAGR as compared to the other regions as there has been a rapid rise in the
adoption rate of IoT and increasing demand for smart solutions.
North America is poised to be a major contributor to the smart city platforms
market.
Prominent players in the market are Honeywell, Verizon, Oracle, Hitachi, Cisco,
Huawei, Itron and Siemens.
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Smart City Platform Market Segmentation:
By Platform Type:
• Connectivity Management Platform
•
•
•
•
Integration Platform
Device Management Platform
Data Management Platform
Security Platform
By Service:
• Deployment and Training
• Consulting and Architecture Designing
• Infrastructure Monitoring and Management
By Delivery Model:
• Onsite segments
• Offshore
• Hybrid
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global smart city platform market
on the basis of platform type, service, delivery model, and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in five key regions (along with countries)—North
America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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