Smart Cities Market Expected To Reach $1 Trillion by 2016

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MarketsandMarkets Presents
Smart Cities Market Expected To Reach 1 Trillion
by 2016
http//www.marketsandmarkets.com/Market-Reports/sm
art-cities-market-542.html
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• According to a new market research report, Smart
  Cities Market  Worldwide Projects, Regional
  Adoption Transformations, and Market (by Smart
  Homes Building Automation Physical Security,
  Life Security,. Facilities Management Energy
  Management Smart Grid Industrial Automation
  Citizen Services Healthcare, Education, Water
  Smart Transportation Traffic Management,
  Supervision, Passenger Information, Ticketing,
  Parking Management Security Urban Security,
  Critical Infrastructure Protection, ID
  Management, Cyber Security) Forecast 2012 -
  2016, the total Smart cities market is expected
  to reach more than 1 trillion by 2016, at a CAGR
  of 14.2.
• Browse
• 75 market tables
• In-depth TOC on Smart Cities Market
  Worldwide Projects, Regional Adoption
  Transformations, and Market Forecast 2012 -
  2016. 
• http//www.marketsandmarkets.com/Market-Reports/sm
  art-cities-market-542.html
• .

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Globally, there are some 700 cities, each with
population exceeding 500,000 and are growing
faster than the average growth rate of cities.
This opens up the market for industry players to
grow their business in new and emerging smart
cities. The infrastructure investment for these
cities is forecasted to be 30 trillion to 40
trillion, cumulatively, over the next 20
years. With growing emphasis on reducing carbon
emission and the fact that conventional cities
form a major source of CO2 emission, planning a
smart city becomes a viable option for
governments and municipal authorities. Deploying
technologies such as smart grids, smart metering
for energy management electric vehicle and
traffic management with smart transportation and
smart security are high growth areas within smart
cities. The overall smart cities market, valued
at 526.3 billion in 2011, is forecasted to grow
double fold to 1,023.4 billion by 2016, at a
CAGR of 14.2 for the period 2011 to 2016. Among
all application segments, we observe smart energy
or energy management market to be the fastest
growing market with an impressive CAGR of 28.7,
growing to 80.7 billion by 2016.
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art-cities-market-542.html
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In addition to market sizes and forecasts, the
report also provides a detailed analysis of the
market trends and factors influencing market
growth, offering in-depth geographic analyses of
the smart cities market in North America, Europe,
Asia-Pacific and ROW. Along with the special
coverage of 18 ongoing key smart cities project,
the report also draws the competitive landscape
of the smart cities market, providing an in-depth
comparative analysis of the technological and
marketing strategies that the key players are
adopting in order to gain an edge over their
competitors.
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art-cities-market-542.html
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