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Smart City Market | Decrease in Prices of Connected Devices to Boost the Market Growth | TechnavioThe smart city market size is poised to grow by USD 2118.14 billion during 2020-2024, progressing at a CAGR of almost 23% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005915/en/ Technavio has announced its latest market research report titled Global Smart City Market 2020-2024 (Graphic: Business Wire) IoT systems have revolutionized the connected network ecosystem over the last few years. Smart city infrastructure is based on an efficient and connected network system. The reduction in costs of IoT sensors and associated systems, and in the cost of broadband services has led to the implementation of smart cities across the world. Furthermore, the decline in hardware costs, installation costs, and tariff rates of network operators have triggered a surge in M2M security systems adoption in applications such as smart homes, connected cars, connected health, and precision agriculture. As the prices for connected devices continue to decrease in the coming years, the smart city market will witness significant growth. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights:
View market snapshot before purchasing Proliferation of Smart City Projects in Emerging Economies will be a Key Market Trend The proliferation of smart city projects in emerging economies, one of the key smart cities market trends, will also influence market growth. While developed economies have been working on creating smart cities for a decade, emerging economies are still in the planning phase and are launching several pilot projects. For instance, the government of India has initiated smart city projects for 100 cities. The installation of smart devices for these upcoming smart cities in emerging economies is expected to generate huge amounts of data. The analysis of this data would be required to improve business quality and innovate for a better future with faster connectivity by facilitating prompt suggestion-based services. As a result of these factors, the market will grow during the forecast period. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Smart City Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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