The Smart City Market statistical report, published by Market Research Future contains succinct information on the smart city market, segmented by component as hardware, software, & service and forecast from 2016-2022. The various factors driving the smart city market are rapid growth of urbanization, large aging population, increasing environment concern and resource scarcity.
The use of information communication technology and IoT to effectively manage and co-ordinate the city’s assets, is referred to as the smart city. The smart city market is segmented on the basis of components into hardware, software and service sub-segment. The hardware segment is dominating the global smart city market during the forecast period. The hardware component, within the smart city market by components, has generated the highest revenue due to the high requirement of hardware components of gathering data required for the analysis.
Software Smart City Market by North America is expected to reach USD 383.34 Million by 2022 with a CAGR of 33.49%
Table of Contents
1.1 North America Smart City Market, By Component, 2016 VS 2022 (USD Billion)
List of Tables
Table 1 North America Smart City Market, By Component, 2016-2022 (USD Billion) ………..5
List of Figures
Figure 1 North America Smart City Market, By Component, 2016-2022, (USD Billion) …………..6