Global Smart City Platforms Market, By Offering (Platforms, Services), Delivery Model (Offshore, Hybrid, Onsite), Application (Smart Transportation, Public Safety, Smart Energy and Utilities, Infrastructure Management, Citizen Engagement), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Smart City Platforms Market
The smart city platforms marketis expected to witness market growth at a rate of 14.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart city platforms market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid digitization globally is escalating the growth ofsmart city platforms market.
A smart city platform refers to the solution that offers the integrated capability for transforming the urban infrastructure and services by the deployment of IoT, solutions, and other technologies.They assist in coordinating applications, data and services at one or more levels across operational domains for multiple stakeholders. A smart city platforms trategy leverages sensor data crowd sourcing, blockchain and AI in the smart city IoT platform environment.
The rise in the urban population actuating smart managementacross the globe acts as one of the major factors driving the growth of smart city platforms market.The increase in demand as it includes smart transportation systems, building automation systems, smart lighting systems, and security and control systems, and government initiatives and spending on the projects accelerate the market growth. The increase in adoption of IoT technology for infrastructure management and city monitoring, and inefficient utilization of resources in developing countries further influence the market. Additionally,preference for platforms over standalone solutions, urbanization and digitization, and digital transformations driving smart citiespositively affect thesmart city platforms market. Furthermore, industrial and commercial deployments of smart city platforms, and rise in smart city initiativesextend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand,possibility of privacy and security breaches in smart city platforms and complicated and costly infrastructure of smart city platforms are expected to obstruct the market growth.Disruption in logistics and supply chain of IoT devices and increase in cybersecurity attacks with proliferation of IoT devices are projected to challenge the smart city platforms marketin the forecast period of 2021 to 2028.
This smart city platforms marketreport provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart city platforms marketcontact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart City Platforms Market Scope and Market Size
The smart city platforms marketis segmented on the basis of offering, delivery model and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the smart city platforms marketis segmented into platforms and services.
- On the basis of delivery model, the smart city platforms marketis segmented into offshore, hybrid, and onsite.
- On the basis of application, the smart city platforms marketis segmented into smart transportation, public safety, smart energy and utilities, infrastructure management and citizen engagement.
Smart City Platforms Market Country Level Analysis
The smart city platforms market is analyzed and market size, volume information is provided by country, offering, delivery model and applicationas referenced above.
The countries covered in the smart city platforms marketreport are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the smart city platforms marketdue to thecontinuous digital transformation across various industry verticals such as telecom, retail, and banking within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of theincreased focus on the development of digital infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart City Platforms Market Share Analysis
The smart city platforms marketcompetitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart city platforms market.
The major players covered in the smart city platforms marketreport areCisco Systems, Inc., Schneider Electric, IBM Corporation, Microsoft, Hitachi, Ltd., Siemens, Huawei Technologies Co., Ltd., Intel Corporation, Oracle, Telefonaktiebolaget LM Ericsson, GENERAL ELECTRIC, Vodafone Limited, Itron Inc., Nokia, Toshiba Corporation, Verizon, SAP SE, ABB, Alstom SA, Honeywell International Inc, and AGT,among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.