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Smart Cities Market Worth $717.2 Billion by 2023 - Exclusive Report by MarketsandMarkets™CHICAGO, January 4, 2019 /PRNewswire/ -- According to a new market research report "Smart Cities Market by Smart Transportation (Type, Solutions and Services), Smart Buildings (Type, Solutions and Services), Smart Utilities (Type, Solutions and Services), Smart Citizen Services, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Smart Cities Market size is expected to grow from USD 308.0 billion in 2018 to USD 717.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) Don't miss out on business opportunities in Smart Cities Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=542 The adoption rate of smart cities solutions is expected to grow, owing to the increasing demand for public safety and communications infrastructure, growing number of citizen empowerment and engagement, and rising urban population. Browse in-depth TOC on "Smart Cities Market" 105 - Tables 113 - Figures 255 - Pages Among focus areas, the smart citizen services segment to grow at the highest CAGR during the forecast period In smart cities, technologies such as video surveillance, DNA phenotyping, and real-time license plate and facial recognition are widely used for public safety, thereby indicating the need for surveillance to ensure citizens' safety. Public safety not only includes improved crime fighting, but also provides a safer condition for first responders. Among safe city technologies,drones are heavily in demand; for instance, the Los Angeles Fire Department used drones for the first time to precisely track the path of the Skirball fire for keeping firefighters safe, assessing damages, and combating wildfires. View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/smart-cities-market-542.html In terms of regions, Asia Pacific (APAC) is expected to account for the largest market size during the forecast period APAC is expected to be the main revenue contributor to the Smart Cities Market. The growth in this region is expected to be driven by the increasing demand for smart cities solutions, such as connected vehicles, building energy optimization, and distribution management system. Moreover, a large number of small players is catering to the APAC Smart Cities Market, making it one of the fastest-growing regions. The deployment of smart cities solutions in different segments, such as smart transportation, smart buildings, smart utilities, and smart citizen services, is already on the rise in APAC. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=542 In the Smart Cities Market, the key and emerging market players include Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Ericsson (Sweden), Vodafone (UK), Itron Inc. (US), Verizon (US), Telensa (England), ABB (Switzerland), Honeywell International Inc. (US), SAP SE (Germany), KAPSCH Group (Austria), and AGT International (Switzerland). Browse Adjacent Markets @ Mobility and Telecom Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Visit Our Website: https://www.marketsandmarkets.com 
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