Global Smart Cities Market report 2022: Data from 2021, Estimates for 2022, 2023, and 2025, and CAGR Projections to 2027 Featuring Accenture, Ericsson, Hitachi, Microsoft, Nokia and Schneider Electric – QNT Press Release


DUBLIN, Sept. 2, 2022 /PRNewswire/ — The “Smart Cities: Growing New IT Markets” report has been added to ResearchAndMarkets.com’s offering.

The report provides an overview of the global smart city market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for 2022 through 2027.

Revenue forecasts for this period are segmented based on technology type, application and region. The report also focuses on the major driving trends and challenges that affect the market. The report concludes with detailed profiles of the major global smart city market players

Smart city technologies to help solve the challenges of global urbanization, urban migration trends, environmental degradation, climate change, aging populations and infrastructures to optimize resource utilization. The increasing population shift toward urbanization involves the demand and supply balance of connected transport facilities, employment, healthcare facilities, air quality, education and electricity.

Smart cities use automated, networked and intelligent technology systems that ensure the quality of life for all by providing smart homes, connected vehicles, smart healthcare, traffic management, energy efficient transportation and buildings. Smart cities help to fight against the significant issues of urbanization, such as air quality, mobility, energy, and safety and security.

The COVID-19 pandemic further enhanced the need for smart cities, as the pandemic has tested the health infrastructure and the social and economic conditions of cities across the globe. Smart cities helped to fight against the pandemic with real-time monitoring of COVID guidelines, lockdowns, proper vaccination drives and remote healthcare facilities. The importance of a smart city was highlighted in difficult times, as it relies on the concept of technology use for citizen well-being.

With accelerated urbanization, global cities have transformed into massive cosmopolitan regions with considerable cultural diversity. Smart cities guarantee a sustainable infrastructure without upsetting the ecological balance and provide improved residential and commercial centers that offer rational, advanced and more innovative lifestyles for the future.

Full story available on Benzinga.com



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