Smart Cities Market – Industry Analysis and Forecast (2021-2027)

Global Smart Cities Market . The report will give the past market trends from 2015-2020 and forecast from 2021 to 2027 by considering 2020 a differently. The report forecast that market for Smart Cities will reach to XX Bn by 2027 and has given the regional break up by countries.

Global Smart Cities Market size was valued at US$ 400 Bn. in 2020 and the total revenue is expected to grow at 14.8 % CAGR through 2021 to 2027, reaching nearly US$ 1077.4 Bn.
Global Smart Cities Market

 

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The report has covered the market drivers and different strategies implemented by key players for expansion and to retain their client base by focusing on market leaders, market followers and new entrants in the market or region. The drivers of the market and revenue of each key players in each segment are analysed to give deep insights in brief to make user understand the market scenario in less time. While forecasting for each year, rational behind forecast are given that are supposed to drive or restrain the market. Focus on each players and their sales by unit by brand make this report unique in the industry.

The Smart Cities market faced several challenges in 2020 including Covid lock-down and sudden decrease in demand however, the demand is expected to normalize in 2021 and is expected to pick up in 2022, which is covered in the report.

Scope of the Global Smart Cities Market :

Global Smart Cities Market

Global Smart Cities Market Key Players

• Cisco Systems
• Schneider Electric
• IBM
• Emerson
• ABB
• Microsoft
• Hitachi
• Siemens AG
• Huawei
• NEC
• Intel
• Oracle
• GE
• AT&T
• Nokia
• Vodafone
• Itron
• Verizon
• Toshiba Corporation
• SAP SE
• Alstom SA
• Kapsch Group
• Honeywell

The report has profiled key players in the market by their size and presence by regions. Since, there are limitation to profile all the kay player, representation is given to companies by region, sales revenue, expenditure on technology, expansion plans, investments received, involved in M&A.

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