Market Report - Smart Cities Market Size Wholesale Chiefs Shirts , Company Share To 2020: Grand View Research, Inc. Technology Articles | October 13, 2015
New Market Research Reports Title “Smart Cities Market Analysis Size and Segment Forecasts to 2020” Has Been Added to GrandViewResearch Report Database
Increasing urban population along with industrialization has positively impacted the smart cities market, according to a new study by Grand View Research, Inc. Integrated citywide solutions in order to address a range of issues such as public safety Wholesale Chiefs Jerseys , street lighting, energy, water management and urban mobility are expected to be implemented within the forecast period.
Growing range of suppliers and improved local economies are expected to favor the emerging needs for the market. Lack of investments in legacy systems, political and socio-economic factors could pose a challenge to market growth. Increasing need for electronic waste management due to proliferation of electronic components is a considerable opportunity for companies operating in the market.
Smart security is expected to account for majority of the overall market share and remain the dominant segment up to 2020. This is mainly attributed to reduced third party misuse by imposition of high security requirements. Smart transportation is expected to minimize the economic burden of regulatory bodies by reducing fuel consumption and traveling delays. North America is expected to continue being the largest regional market over the next six years. Expanding transportation sector, improvements in water infrastructure and increasing smart grid investments have spurred regional growth. Government regulations towards reducing carbon footprint by use of renewable resources ar