|[June 26, 2013]
Research and Markets: Smart Cities Market to 2017 - Latest Technology Set to Take Care of Our Cities
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/4rpnrp/smart_cities)
has announced the addition of the "Smart
Cities Market to 2017 - Smart Security Segment to Flourish as
Interoperability Standards and Public Private Partnerships Promote
Growth" report to their offering.
The world is swiftly becoming more urbanized thanks to growing global
populations and migration from rural areas to cities, and the resulting
stress to virtually all global systems may only be solved by the concept
of smart cities.
The new report argues that while it is becoming a bigger and bigger
challenge to maintain necessary supplies of water, energy, food,
communication and transport to meet growing demands in urban centers, a
complete replacement of old and established city infrastructures would
be unrealistic in terms of cost and time. However, digitalizing the
existing infrastructure would allow it to collect and analyz data in
order to respond intelligently to all domestic needs, allowing cities to
grow without fear of their infrastructure overloading.
The smart cities market includes smart homes, smart buildings, smart
grid, smart industry automation, smart healthcare, smart education,
smart transportation and smart security. Many countries are witnessing
their cities expanding at an extraordinary rate, with China's
urbanization rate reaching 52.57% in 2012, and there is a growing need
to apply smart city concepts to such bustling urban centers in order for
them to cope with the massive population increases.
Test beds for various smart grid and smart city technologies are present
around the world, with projects such as the smart grid smart city
project in Australia, the Jeju Island smart grid project in Korea,
Amsterdam Smart City Project in Netherlands and Energy Smart Miami in
the US helping to develop a state-of-art and competitive urban
infrastructure. The target-specific roll-out plans, attractive
incentives and funding arrangements from governments are helping
utilities to implement their smart city projects.
The global Smart Cities market was worth US$442 billion in 2011, and is
expected to reach a value of US$1,026.3 billion by 2017, following
growth at a Compound Annual Growth Rate (CAGR) of 15%.
This report gives an in-depth analysis of the global smart cities
market, and provides market revenues for the global smart cities market
and its major sectors, such as smart buildings, smart homes, smart
transportation, smart grids, smart healthcare, smart education, smart
security and smart industry automation between 2011 and 2017.
For more information visit http://www.researchandmarkets.com/research/4rpnrp/smart_cities.
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