Smart Self-help Applications to Propel Growth of Smart City ICT Infrastructure Market

Published On : 05 Dec 2016 has announced the addition of a new market intelligence report to its repository titled, “Global Smart City ICT Infrastructure Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021.” The publication provides a detailed analysis of the historical growth trajectory, current situation, and future prospects of the market along with the prevalent trends. An assessment of the factors that are expected to impact the growth of the market positively or adversely has also been presented in the research report. The study further provides information on the market shares, key strategies, and product portfolio of the leading companies. 

The global smart city information and communication technology (ICT) infrastructure market is anticipated to expand at a promising CAGR from 2016 to 2021. The prime factor driving the growth of the market is rapid industrialization across the globe and the need for an advanced ICT infrastructure. Smart city development is being encouraged by governments across the world to combat several environmental, management, economic, social, and engineering challenges that are likely to occur with the robust industrialization. A smart city comprises aspects of environment protection, security, efficient transportation, energy management, and sustainability. Furthermore, the demand for a well-organized and planned infrastructure is increasing due to an extensive rise in migration to urban areas and cities from rural areas.

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The growth of the global smart city ICT infrastructure market is expected to witness significant growth over the coming years owing to the rising availability of smart self-help applications. In order to improve the serviceability and automation of smart cities, automation solution providers are incessantly focusing on the introduction of user-friendly self-help applications deploying platforms. Consumers can set controls that can be switched off and on when required with programming solutions becoming more distinct. For instance, smart self-help applications such as smoke detectors, video monitors, and smart thermostats are deployed as smart home equipment. 

The first chapter of the report presents an overview of specifications, classifications, and applications of the global smart city ICT infrastructure market. An evaluation of the key segments has also been provided in the report. The study also provides information on the raw material suppliers, price of the raw materials, the cost of labor, and the expenses incurred by the manufacturers during the manufacturing process. The viability of the upcoming projects has also been discussed in the report. 

The global smart city ICT infrastructure market has been segmented into United States, Europe, China, and Japan. The regional cost, supply, revenue, price, consumption, import, and export analysis has also been offered in the study. The key companies covered under the report are Cisco, Oracle, IBM, AT&T, Huawei, China Mobile, NTT Communication, Vodafone, ABB, and Verizon Communications among others.  

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