BCC Research, an international publisher of technology market research reports, reviews, and technical newsletters, has come out with a report on Smart City projects around the world and related investments, including a study of regional trends, national programmes and individual city projects. It also includes forecast through 2019.
The report will assist decision-makers learn more about Smart Cities, their main attributes and explore the role and potential of key information and communication technologies (ICT) infrastructure needed to enable Smart City strategies in the identified market sectors.
It also identifies Smart City projects around the world and related investments, including regional trends, national programmes and individual city projects, the impact on key technology markets forecasts on potential revenues for the various Smart City sub-segments.
The report said the global market for Smart Cities information and communication technologies (ICT) is valued at US$212.3 billion in 2013 and US$293.2 billion in 2014. This market is expected to reach US$668.5 billion in 2019, with a compound annual growth rate (CAGR) of 17.9% from 2014 to 2019.