Smart City Platform Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The smart Cities Platform market is expected to register exponential CAGR of 26% over the period of 2021-2027. Owing to widespread adoption of smart city solutions, high ICT investment among government Institutions, and high demand for linked solutions across countries, the demand for the smart city platforms is on rise. IoT Smart Cities' technology warrants the cutting-edge intelligence and flexibility obligatory to help cities use resources more efficiently and Upgrade everything, from air and water quality to transportation, energy, and communication systems. According to Smart America, the governments in the cities of the United States may invest approximately USD 41 trillion over the next 20 years to upgrade their infrastructure to leverage the benefits of the IoT. Furthermore, the region has a strong foothold of vendors, which contributes to the growth of the market studied. Some of these vendors include Microsoft Corporation, Cisco Systems Inc., GE Current, and IBM Corporation, among others.

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 According to UnivDatos Market Insights (UMI)’ research report “Smart Cities Platform market”, the market is expected to witness a robust growth during the forecast period 2021-2027F. Smart city platforms perform various functions, such as analytics, remote asset monitoring, performance management, decision Aid, or presentation components. Most technologically modern cities are using the Internet of Things platform to monitor city infrastructure, manage everything from traffic flows and parking to water and air quality, and use the emanate smart data generated to tackle longer-term planning decisions around environmental sustainability.

The smart city platforms offer a Substructure for urban infrastructure, applications, services, and various city-specific functions. One of the important factors expected to drive the growth of the market in cities is giving priority to platform providers as compared to standalone smart solutions because of the scalability and integration of other smart solutions.

As smart city projects across the world have grown and have taken up the pace, the primary vision, the technologies, and the realities on the ground level have become layered and more complex to deal with. Furthermore, to simplify these complexities, the market will witness a strong drive toward the usage of more intuitive processes, which includes the increased adoption of machine learning solutions to gather and analyze the huge amount of generated data.

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Based on offering, the market is classified into Platform type, and service. Further, thee Platform type is segmented into connectivity management platform, integration platform, device management platform, security platform, and data management and the services are fragmented into professional and managed services.  The services segment grabbed the major market share and dominated the market in 2020. Rising number of smart cities owing to the rapid urbanization is leading to the growing demand for the professional and managed services for the consultation, installment etc.,

Based on Application, Smart healthcare has seized the majority of the market, especially after the covid, in the application landscape. Efficient Healthcare systems are essential for every citizen, which is why the smart healthcare industry is expected to grow exponentially. Also, because of the rising adoption of mHealth, government initiatives to digitize healthcare, and the prevalence of chronic disorders are likely to accentuate the demand for smart healthcare systems.

North America to witness extensive growth

North America is one of the leading regions in terms of the development of smart city platforms. IoT Smart Cities' technology enables the cutting-edge intelligence and flexibility necessary to help cities use resources more efficiently and improve everything, from air and water quality to transportation, energy, and communication systems. According to Smart America, the governments in the cities of the United States may invest approx. USD 41 trillion over the next 20 years to upgrade their infrastructure to leverage the benefits of the IoT. Furthermore, the region has a strong toehold of vendors, which contributes to the growth of the market studied. Some of these vendors include Microsoft Corporation, Cisco Systems Inc., GE Current, and IBM Corporation, among others.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Smart Cities Platform market are Siemens AG. Schneider Electric SE Microsoft Corporation, Hitachi Ltd, Huawei Technologies, Cisco Systems Inc. Current, powered by GE, IBM Corporation, Alibaba Group Holding Limited, NEC. Corporation Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

 “Smart Cities Platform Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

For more informative information, please visit us – https://univdatos.com/report/smart-cities-platform-market/

Market Segmentation:

1. By Offering (Platform Type, Services)
2. By Application (Smart Mobility/Transportation Smart Security Smart Governance Smart Infrastructure Smart Healthcare, Others)
3. By Deployment (On-Premise, Cloud)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Siemens AG.Schneider Electric SE Microsoft Corporation, Hitachi Ltd, Huawei Technologies, Cisco Systems Inc. Current, Powered by GE, IBM Corporation, Alibaba Group Holding Limited, NEC

Key questions answered in the study:

1. What are the current and future trends of the Smart Cities Platform industry?
2. How the industry has been evolving in terms of technology and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Smart Cities Platform industry?
5. What is the customer orientation, purchase behavior, and expectations from the Smart Cities Platform suppliers across various region and countries?

Table of Content –

1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY OR ASSUMPTION
3. MARKET SYNOPSIS
4. EXECUTIVE SUMMARY
5. SMART CITY PLATFORM COVID IMPACT
6. SMART CITY PLATFORM MARKET ANALYSIS
7. MARKET INSIGHTS BY OFFERING
8. MARKET INSIGHTS BY APPLICATION
9. MARKET INSIGHTS BY DEPLOYMENT
10. MARKET INSIGHTS BY REGION
11. SMART CITY PLATFORM DYNAMICS
12. SMART CITY PLATFORM MARKET OPPORTUNITIES
13. SMART CITY PLATFORM MARKET TRENDS
14. DEMAND AND SUPPLY SIDE ANALYSIS
15. COMPANY PROFILED
16. DISCLAIMER

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