SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart City Platforms - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 5; Released: January 2022
Executive Pool: 866
Companies: 34 - Players covered include Alibaba; AWS; Bosch.io; CIMCON Lighting; Cisco; Ericsson; Fujitsu; Fybr; Google; Hitachi; Huawei; IBM; Intel; KaaIoT Technologies; Microsoft; NEC; Oracle; SAP; Schneider Electric; SICE; Siemens; Sierra Wireless; Siradel; Smarter City Solutions; thethings.iO; Ubicquia and Others.
Coverage: All major geographies and key segments
Segments: Offering (Platforms, Services); Delivery Model (Hybrid, Offshore, Onsite); Application (Smart Transportation, Public Safety, Smart Energy & Utilities, Infrastructure Management, Citizen Engagement)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smart City Platforms Market to Reach $237.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart City Platforms estimated at US$134.5 Billion, is projected to reach a revised size of US$237.5 Billion by 2026, growing at a CAGR of 9.8% over the analysis period. Platforms, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$159.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 11.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $44.8 Billion in 2021, While China is Forecast to Reach $41.4 Billion by 2026
The Smart City Platforms market in the U.S. is estimated at US$44.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$41.4 Billion by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR. More
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SOURCE Global Industry Analysts, Inc.