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The Smart City Market statistical report, published by Market Research Future contains succinct information on the Smart City market of Service, segmented by Region (North America, Europe, Asia-Pacific, and ROW) and forecast from 2016-2022. The various factors driving the smart city market are increasing urbanization, a large aging population, and increasing environment concern & resource scarcity.
Smart cities would also include maintenance services of the hardware components of smart cities. Smart city services, in the current time period consist of networking services but eventually the smart city service segment is expected to grow as the smart cities are developed. The service component is growing with the highest CAGR of 25.84% in North America as this region is expected to implement the smart city projects at the earliest. North America has generated the highest revenue in the Smart city market by service segment, due to the presence of companies who smart city services.
North America Smart City Market of Service by Region is expected to reach USD 166.58 Billion by 2022 with a CAGR of 25.84%
FIGURE 1Global Smart City Market of Service, By Region, 2016 Vs 2022 (USD Billion)
Table of Contents
1. Info graphics Information
1.1 Global Smart City Market of Service, By Region, 2016 VS 2022 (USD Billion)
3. Global Smart City Market of Service, By Region, Market Data
List of Tables
Table 1 Global Smart City Market of Service, By Region, 2016-2022 (USD Billion) ………..5
List of Figures
Figure 1 Global Smart City Market of Service, By Region, 2016-2022, (USD Billion) ……....6