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Home | Search Global IT News: IT News & Press Release Distribution: Smart City Market Trends, Growth Drivers, Restraints, Opportunities, Analysis and Forecasts By 2025   The Insight Partners (IT-NEWSWIRE.COM, November 20, 2017 ) Smart cities was invented towards the end of 20th century. It has been expanded to relate to the future of cities and their development. Smart city are progressive, forward-looking and resources-efficient and providing high quality of life. Smart cities exist on the intersection of digital, urban environment and disruptive technology. Smart city uses information and communication technology (ICT) to increase its workability, sustainability and livability. The global Smart cities market accounted for US$ 773.19 Bn in 2016 and is expected to grow at a CAGR of 19.08% during the forecast period 2017 – 2025, to account for US$ 3651.49 Bn in 2025. Request a Sample Report at http://www.theinsightpartners.com/sample/TIPTE100000383 One of the driving factor fueling the growth of smart city market is increasing urbanization. Urban areas are transform into smart cities, while transformation, disruptive digital technologies is one of the major driver. Advancement in technology is driving the digital economy because digital technology is showing a remarkable growth in capacity and performance. In addition to this there are several other factors fueling the growth of smart city such as inadequate infrastructure, growing urbanization, growing stress & growing economic competition, growing expectation and rapidly improving technology capabilities. However, the factors hindering the growth of smart city is high initial investment. Growing demand for integrated security and safety system for improving public safety and increasing demand for system integrators is expected to boost the market over coming years. List of Companies ABB Ltd. Accenture Cisco Ericsson Schneider Electric GE Microsoft IBM Corporation Oracle Siemens View Complete Report at http://www.theinsightpartners.com/reports/smart-city-market-research-report About The Insight Partners The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries. Contact Us: Call: +1-646-491-9876 Email: sales@theinsightpartners.com   The Insight Partners Sameer Joshi +91 9666111581 sam@theinsightpartners.com Source: EmailWire.Com Source: EmailWire.com

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