IoT Smart Cities Market

IoT in smart cities market size is estimated to grow from USD 64.01 Billion in 2016 to USD 339.72 Billion by 2024, at an estimated Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period. Development of technology has augmented the use of Internet of Things (IoT) making the smart city concept implementable. The smart city market can be observed through various lenses, however, through all of them, fragmentation is done such as traffic congestion management, water supply management, smart street lighting, smart bin collection and many more of such thoughtful applications. Maximize Market Research has embarked an extensive research on the current Global IoT Smart Cities Market outlook with respect to its applications in various fields as well as the assuring future of the technology in those sectors. As per the study, the explosive growth of Smart City and Internet of Things applications creates many scientific and engineering challenges that call for ingenious research efforts from both academia and industry, especially for the development of efficient, scalable, and reliable Smart City based on IoT.

New protocols, architectures, and services are in dire needs to respond for these challenges. Thus by interconnecting physical and virtual worlds with huge amounts of electronic devices distributed in houses, vehicles, streets, buildings and many other public environments, IoT-based smart cities can provide various kinds of services for both the citizens and the administrators. Prominently, the report focuses on the drivers and restraints of market in depth, giving an insight into the future opportunities that exist in the Global Smart Cities Market. Report segments Global Smart Cities Market by Solution, Services, by Platform, by Technology, by Application, by Geography, providing the inclusive analysis of ecosystem of industry, which will be useful to take well-versed strategic decision to the stakeholders. North America is expected to hold the largest market share and dominate the IoT smart cities market in forecast years. The market size in North America is expected to decrease slightly during the forecast period as most of the IoT in smart cities projects funded by American Recovery and Reinvestment Act (ARRA) 2009 for investor-owned larger energy and utilities in the U.S. are expected to reach completion by early 2018. The IoT in smart cities solutions segment is expected to have the least growth rate during the forecast period.

Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period. However, the inadequate financial incentives for transportation, energy management, utilities, interoperability, and security issues are a few pivotal factors hindering the growth of the IoT in smart cities in the APAC region. Key Highlights: • Complete analysis with respect to individual growth trends is incorporated within the scope of our study. • Assessment of market definition along with the identification of key drivers, restraints opportunities for Virtual Data Room Market • Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies are profiled. • Detailed quantitative analysis of the current and future trends for the forecast period has been profiled. •Virtual Data Room Market analysis and segmentation with respect to Component, Deployment Type, Organization Size, Vertical, and geography. • Virtual Data Room Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions Research Methodology: Objective of study is to estimate the size of the Virtual Data Room Market for 2017 and projects its demand till 2026 with quantitative and qualitative analysis of virtual data room market. Our Industry experts have studied various industry journals, directories, have referred information available with various associations to identify, collect information and to put it in articulated format to make useful for all stake holders in the industry. Primary research has been done and various industry experts and suppliers from worlds wide have given their inputs to make the study more accurate

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