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Home>Smart City ICT Infrastructure Market - Segments and Forecast by Technavio

Smart City ICT Infrastructure Market - Segments and Forecast by Technavio

Smart City ICT Infrastructure Market - Segments and Forecast by Technavio

10/04/2017

Smart City ICT Infrastructure Market - Segments and Forecast by Technavio

The global smart city ICT infrastructure market is expected to grow at a CAGR of more than 17% during the forecast period, according to Technavio’s latest report.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171003006119/en/

Technavio has published a new report on the global smart city ICT infrastructure market from 2017-20 ...

Technavio has published a new report on the global smart city ICT infrastructure market from 2017-2021. (Graphic: Business Wire)

In this report, Technavio covers the market outlook and growth prospects of the global smart city ICT infrastructure market for 2017-2021. The market is segmented based on components, which includes smart grid, smart home and building, smart water network, smart healthcare, smart education, smart security, and smart transport.

The smart city concept recognizes the importance of ICT in economic competitiveness. The increase in the demand for improved lifestyles and urbanization are some of the factors driving the need for smart cities. Also, the migration of people from rural areas to urban cities for better basic amenities is creating a scarcity of non-renewable resources. This is also driving the need for better planning of the resources. Smart city projects are completed in phases, and it involves different building blocks. Smart city projects help in effective management of energy, water, transport, health, building, security, and education.

Technavio’s ICT research analysts categorize the global smart city ICT infrastructure market into the following segments by regions:

  • Americas
  • EMEA
  • APAC

Looking for more information on this market? Request a free sample report

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