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Smart City Platform Market is Thriving Growth in Coming Year | Cisco, GENERAL ELECTRIC, Huawei Technologies, IBM Corporation, Intel, Microsoft, Nokia, SAP SE, Siemens AG, Verizon Wireless

Press release   •   Apr 01, 2019 23:21 IST

With the evolution of smart city projects, the demand for smart city platform is expected to surge during the forecast period. A smart city platform provides the integral capability to provide coordination of data, application, and services that are across the operational domain. Vendors are focused on the development of compatible platforms by multiple partnerships and to ensure the platform meets the need of future conditions of environment, economic, and services. IoT platforms are an essential part of the smart city ecosystem. A smart city platform is defined as a framework for sensing, for integration, for communication, and for intelligent decision making. The smart city platform enhances the capabilities for cloud computing, analytics, legacy data, streamed data, connected devices, network, and others. It has wide application in transportation, infrastructure, utilities, and others.

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The increasing investments by governments for smart cities projects are expected to drive the global smart city platform market. The rising concern for public safety, effective transport & infrastructure management, and others are significantly creating a need for advanced smart city platforms. The continuous developments in developing countries of the Asia Pacific such as China and India are expected to witness high demand for smart city platform during the forecast period.

The "Global Smart City Platform Market Analysis to 2027" is a specialized and in-depth study of the smart city industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart city platform market with detailed market segmentation by platform, service, application, and geography. The global smart city platform market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart city platform market players and offers key trends and opportunities in the market.

Companies profiled in this report include:

  • Cisco
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Nokia Corporation
  • SAP SE
  • Siemens AG
  • Verizon Wireless

The global smart city platform market is segmented on the basis of platform, service, and application. Based on platform, the market is segmented as Connectivity Management Platform, Integration Platform, Device Management Platform, Data Management Platform, and Security Platform. On the basis of service the market is segmented as Infrastructure Monitoring and Management, Consulting and Architecture Designing, and Deployment and Training. The market on the basis of application is classified as Smart Utilities, Smart Transportation, Public Safety, and Infrastructure Management.

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The report analyzes factors affecting smart city platform market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the smart city platform market in these regions.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2027?
  • What are the key factors driving the global smart city platform market?
  • What are the key market trends impacting the growth of the smart city platform market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global smart city platform market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the smart city platform market?

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