Smart City ICT Infrastructure Market Size, Growth Analysis, Opportunities, Business Outlook and Forecast to 2026


Posted June 24, 2020 by VerifiedMR

Global Smart City ICT Infrastructure Market was valued at USD 554.04 Billion in 2018 and is expected to witness a growth of 6.38% from 2019-2026 and reach USD 1,930.53 Billion by 2026.

 
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What is Smart City ICT Infrastructure ?

A smart city is a city that undergoes development projects to integrate information and communication technology (ICT) and the internet of things (IOT) in a secure system to manage the assets of a city. These assets include schools, hospitals, power plants, libraries, waste management, law enforcement, water supply networks, and transportation systems.

A smart city uses urban informatics and technology to improve the efficiency of services. ICT lets the people interact directly with the community & city infrastructure and also monitors the surroundings of the city and its evolution that in turn opens new opportunities.

The major players in the market are IBM, Huawei, AT&T, Cisco Systems, Oracle, NTT Communications, Vodafone, China Mobile, ABB, Hitachi, Verizon Communications, Honeywell International, Siemens, Schneider Electric, Toshiba, HP, Deutsche Telekom, Accenture, Nokia, Ericsson and Microsoft.
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Issued By market research blogs
Country United States
Categories Business , Finance , Marketing
Tags smart city ict infrastructure market share , smart city ict infrastructure market size , smart city ict infrastructure market trends
Last Updated June 24, 2020