This research report studies emerging technologies in the Smart Cities market, analyzes and researches the market status and forecast, categorizes the global emerging technologies in Smart Cities market size (value & volume) by key players, type , application and regions. This report focuses on major global market players like ABB Ltd., Accenture Plc, Alphabet Inc., AT&T, Cisco Systems Inc., Ericsson, Foxconn Electronics Inc., Fujitsu Ltd., General Electric Company, Hitachi, Honeywell
The market for emerging technologies in smart cities is expected to grow at a CAGR of 28.3% over the forecast period 2020-2030 and create more than one million jobs by 2030. The increase in investments in the IoT has enabled smart cities and the increased reliance on renewable energy These sources, set to expand based on national policies, are key factors contributing to their growth.
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Smart cities are one of three key areas identified by the Indian government to drive development, progress and prosperity. They are arenas of technological innovation, which improve the quality of urban life with various new applications, including Internet connectivity as well as intelligent systems and software solutions.
The report depicts current market trends and provides a growth forecast, offering detailed analysis of drivers, restraints, opportunities, and threats for each market segment. This research report also discusses the different types of products available in the market. It compares different products available in the market with their main competitors and highlights their strengths and weaknesses.
The market for emerging technologies in smart cities is a promising market for companies. Emerging technologies such as IoT, machine learning, artificial intelligence and big data have revolutionized various industries such as manufacturing and healthcare. These technologies are now used in smart cities that are developing around the world to better serve their inhabitants.
The smart city market is further driven by the realization that technology is the key to success in smart cities. Rapidly changing economic, social, and technological forces are pushing businesses to adopt a more data-driven approach to decision-making.
Notable technologies in smart cities are artificial intelligence, sensor networks and video analytics.
Smart Cities is a world-leading innovation platform, seeking to revolutionize the future of human life through technology. Global emerging technologies in the smart city market will reach $6,580.8 billion by 2030, growing at 28.3% annually over the period 2020-2030 due to increasing urbanization and government initiatives, the rapid development of smart cities and emerging technological advances. However, this growth will be lower than the average rate due to increasing attention to sustainable development and safety issues for residents, tourism and construction industries in cities.