Smart Cities Market to 2017

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Smart Cities Market to 2017

Revenue for the global smart cities market is expected to reach $1,026.3 billion by 2017, growing at a Compound Annual Growth Rate (CAGR) of 15% from 2012. The smart cities market has eight component sectors, namely smart homes, smart buildings, smart grid, smart industry automation, smart healthcare, smart education, smart transportation and smart security, which will all witness huge growth due to increasing urbanization and government regulations to promote the concept of smart cities concept.Financing can be a major barrier to the proper implementation of the smart cities concept. Public–private partnerships will be crucial to overcoming this challenge and improve the financing structures of the development work for the market.As governments across the world search for ways to reduce costs in the face of budget shortfalls, offerings of “corporate citizenship” from the private sector can greatly help to support public services. There is also a need for different people including politicians, regulators, developers, owners and operators to share a common vision for the development of a smart city model.
Buy now and…

  • Make strategic decisions based on forecast data to identify key markets and growth opportunities for the global smart cities market.
  • Evaluate the potential of emerging markets to quantify potential returns on investments
  • Understand the different dynamics in effect in the market and its sectors and make better informed business decisions as a result.


 

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GBI Research
Price:Single User US$ 3,500Published:January 2013

 

 

 

 

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