Smart Cities IT Services Market by Revenue, Scope, Analysis and Forecasts to 2019

(IT-NEWSWIRE.COM, July 28, 2017 ) The rapid growth in urban population is placing a great demand on cities' infrastructure that deliver basic amenities such as transportation, healthcare, resident's safety, and education. To provide sustainable development, the urban authorities are transforming their way of functioning. The advances in digital technology and M2M technology led to the development of smart grid, smart water management systems, smart transport systems, and smart building systems. All of these verticals form a smart city, which is a framework to support the vision of various governments, IT players, network providers, product providers, and managed service providers.

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Smart city project transforms the existing infrastructure of a city into a smart infrastructure. It happens in stages where the first stage includes the development of network infrastructure. This stage is followed by content and communication, where broadband Internet access and video on demand are established over a single network to enable smart homes, smart hotels, and smart businesses. The third stage includes building of intelligent infrastructures (environment management systems, mobility, smart building, smart grid, and smart transport systems). In the final stage, e-services and applications are introduced for information sharing in different verticals such as healthcare, remote medical care, education, and transport.

The development of smart cities cannot happen without the collaborative efforts of policy makers, IT players, and network service providers. IT players play an important role in acting as a system integrator of different applications in the smart city. The deployment of cloud-based solutions is gaining traction among city planners because of its scalability and OPEX model. This has provided business opportunities to IT players as there will be huge demand for integrating applications running on the cloud with on premise applications.

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Publisher's analysts forecast the global smart cities IT services market to grow at a CAGR of 18.56% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global smart cities IT services market for 2015-2019. To calculate the market size, the report considers revenue generated from IT services such as consulting and system integration among others. In this report, the market is geographically segmented into the Americas, EMEA, and APAC.
The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the global smart cities IT services market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market

Key regions
- Americas
- APAC
- EMEA
Key vendors
- Accenture
- Cisco
- Ericsson
- IBM
- Oracle

Other prominent vendors
- Alstom
- Arup
- Hitachi
- HP
- Huawei
- Infosys
- Lockheed Martin
- Microsoft
- NTT Data
- Siemens
- Wipro

Market driver
- Rapid growth in urbanization
- For a full, detailed list, view our report
Market challenge
- Issues pertaining to cyber security
- For a full, detailed list, view our report
Market trend

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Smart Cities IT Services Market by Revenue, Scope, Analysis and Forecasts to 2019