The global demand for Smart City Platforms Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Million Units by 2028 with a CAGR of XX% during 2022-2028.
A smart city platform is a system for sensing, integration, communication, and intelligent decision-making in a city. The smart city platform enhances cloud computing, analytics, legacy data, streaming data, connected devices, networks, and other capabilities. A smart city platform has the critical ability to coordinate data, applications, and services across multiple operational domains. It's helpful in various fields, including transportation, infrastructure, and utilities. The Internet of Things (IoT) platforms is critical component of the smart city ecosystem.
Market Dynamics
The global smart city platform market is likely to be driven by governments' rising spending on smart city projects. Smart city platforms provide a baseline for urban infrastructure, applications, services, and many city-specific activities. Due to the scalability and integration of other smart solutions, giving precedence to platform providers over standalone smart solutions is one of the important aspects projected to fuel the market's growth in cities. Furthermore, analytics, remote asset monitoring, performance management, decision support, and presentation components are all performed by smart city platforms. Most technologically advanced cities use the Internet of Things platform to monitor city infrastructure, manage everything from traffic flows and parking to water and air quality, and use the resulting smart data to address longer-term planning issues related to environmental sustainability. Hence, the growing need for advanced smart city platforms is being driven by concerns about public safety, adequate transportation and infrastructure management and growing ecological concerns.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart city platforms. The growth and trends of Smart City Platforms Industry provide a holistic approach to this study.
Market Segmentation
This section of the smart city platforms market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Offering
- Platforms
- Services
- Managed Services
By Delivery Model
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Smart City Platforms market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Smart City Platforms Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart city platforms market include Alibaba Group Holding Limited (China), Amazon Web Services, Inc. (US), Bosch.IO GmbH (Germany), Quantela, Inc. (US), Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Fujitsu Limited (Japan), Fybr(US), Google LLC (US), Hitachi, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), International Business Machines Corporation (US), Intel Corporation (US), KaaIoT Technologies, LLC. (US), Microsoft Corporation (US), NEC Corporation (Japan), Oracle Corporation (US), SAP SE (Germany), Schneider Electric(France), SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A. (Spain), Siemens AG (Germany), Sierra Wireless Inc. (Canada), SIRADEL SAS (France), Smarter City Solutions(Australia), NEXT BIG THING LABS S.L. (Spain), Ubicquia, Inc (US). Verdigris Technologies, Inc (US), Softdel (US), Igor, Inc (US), Telensa Inc (UK), Enevo Inc. (US), Confidex Ltd (Finland), 75F(US), Ketos(US), and Cleverciti Systems GmbH (Germany). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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