Global Smart Cities Market - Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 – 2019
88 Page Report
Smart Cities Market Expected to Reach USD 1,265.85 Billion
Globally : Transparency Market Research
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Global Smart Cities Market
According to a new market report published by Transparency Market Research
(www.transparencymarketresearch.com) “Smart Cities Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019,” the global smart cities market is expected to reach a value of
USD 1,265.85 billion by 2019, growing at a CAGR of 14.0% from 2013 to 2019. Increase in migration from
rural to urban areas is the major factor responsible for the growth of smart cities market, globally. North
America was the largest contributor to the smart cities market and accounted for a share of 34.5% in 2012.
This is mainly attributed to the increasing smart grid investments, upgradation in the water infrastructure
and transportation sector. The manufacturers in this region are investing more in smart meters and smart
grids to provide an excellent foundation for smart city programs.
Browse the full Global Smart Cities Market report at
Among the different application categories, smart transportation segment held the largest share of around
16% in 2012. This was due to the growing demand for advanced traffic management, building a superior
environment and reducing the volume of delivery vehicles. At the same time, smart transportation links
the modes of transport to improve the traffic flow in both urban and inter-urban networks. Smart...