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Research MOZ: 2014-2019 Smart Cities Market outlook
By Research MOZ 2014-12-29
A large percentage of the global population lives in an urban environment, a rapidly accelerating trend that is taxing the resources and management capabilities of city governments. In addition, the enhanced mobility of modern society has created extreme competition between cities to attract new residents and jobs.
Smart Cities are much more than just an effort by sovereign nations to modernize their infrastructure – they are a focal point for growth drivers in several key ICT areas. Smart City developments are causing many technologies and solutions to integrate with convergence seen across with many resource areas including energy, water, sanitation, and other essential services.
There are many technologies involved in support of Smart Cites. Systems and resources are intertwined as mobility, communications, energy, water, platforms, monitoring/control, performance management, predictability and forecasting all merge together. This convergence is being realized first in a few leading industries such as home entertainment and automobiles.
Research forecasts that growth in certain related solutions and services areas will realize a blistering pace such as Connected Car Systems, which are expected to see growth of 67% CAGR from 2014 through 2019. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings of purchasing the report.