Industry Growth of Smart City Market is
Projected to Rise by $215600 Million –
Forecast to 2023
This report provides in depth study of “Smart City Market” using
SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to
the organization. The Smart City Market report also provides an in-
depth survey of key players in the market organization.
Global Smart City Market Synopsis:
The Global “Smart City Market” research 2019 highlights the major details and provides in-depth
analysis of the market along with the future growth, prospects and Industry demands analysis explores
with the help of complete report with 125 Pages, figures, graphs and table of contents to analyze the
situations of global Smart City Market and Assessment to 2023.
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https://www.businessindustryreports.com/sample-request/109829 .
The Smart City industry has also suffered a certain impact, but still maintained a relatively optimistic
growth, the past four years, Smart City market size to maintain the average annual growth rate of
24.33% from 26900 million $ in 2014 to 51700 million $ in 2018, Market analysts believe that in the next
few years, Smart City market size will be further expanded, we expect that by 2023, The market size of
the Smart City will reach 215600 million $.
Smart city concept integrates information and communication technology (ICT), and various physical
devices connected to the network (the Internet of things or IoT) to optimize the efficiency of city
operations and services and connect to citizens.
Smart City Industry - We are driving the electrification of road, rail and water transportation with
pioneering technology and the ABB Ability digital offering. ABB Ability empowers utility, industrial,
transportation and infrastructure companies to develop or improve their processes. ABB Ability has a
portfolio of digital services that turn cities into Smart Cities.
Smart city technology is increasingly being used to improve public safety, from monitoring areas of high
crime to improving emergency preparedness with sensors. Smart city technologies also bring efficiencies
to urban manufacturing and urban farming, including job creation, energy efficiency, space management
and fresher goods for consumers.