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Global Smart Cities Market to Reach $2.5 Trillion by 2026

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New York, July 12, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Cities Industry” – https://www.reportlinker.com/p05485940/?utm_source=GNW
A smart city utilizes information and communications technologies (ICT) for improving the performance and quality of urban services, reducing consumption of resources and related costs, facilitating more active and efficient engagement with citizens, and enhancing quality of life of citizens sustainably. ICT is the core of smart cities initiative, since a knowledge infrastructure is critical for implementation of a smart city.

Amid the COVID-19 crisis, the global market for Smart Cities estimated at US$741.6 Billion in the year 2020, is projected to reach a revised size of US$2.5 Trillion by 2026, growing at a CAGR of 22.5% over the analysis period. Smart Governance & Education, one of the segments analyzed in the report, is projected to record a 24.4% CAGR and reach US$915.5 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 Smart Buildings & Infrastructure segment is readjusted to a revised 18.9% CAGR for the next 7-year period.

The ongoing COVID-19 pandemic can potentially provide an opportunity for expediting the use of digital technologies for creating smart cities and improving the lives of the citizens. Among the different initiatives that are being currently explored is the development of smart traffic control and parking management systems. In addition, options, such as charging a fee for street usage and creating dedicated bicycle lanes are being looked into for encouraging people to keep their vehicles parked at home. Digital technologies, such as big data and artificial intelligence, can be leveraged for developing and establishing intelligent and adaptive traffic light management systems that are able to react to changing traffic flows and specific traffic conditions, which could help in significantly reducing street congestion. While smarter traffic management would not only make streets less crowded, this would also help in freeing up space for additional lanes for pedestrians and cyclists, which in turn would facilitate in further lowering carbon emissions and pollution levels.

The U.S. Market is Estimated at $233.9 Billion in 2021, While China is Forecast to Reach $602.7 Billion by 2026

The Smart Cities market in the U.S. is estimated at US$233.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$602.7 Billion by the year 2026 trailing a CAGR of 27.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 19.1% respectively over the analysis period.

North America, Europe and Asia-Pacific are among the regions with highest adoption levels in the smart cities market. While the move towards Smart City is more visible in developed nations including the US, Japan, Canada, and Western European countries, several developing nations including China, India, South Korea, Malaysia, Brazil, Turkey, South Africa, and the UAE are actively pursuing the futuristic model. North America leads the global smart cities market, in terms of level of adoption of smart cities technology solutions. The region`s dominance is largely attributed to the high proportion of urban population in the region. The region also benefits from the rising investments in smart grids, and ongoing efforts to upgrade transportation and water infrastructure sectors. Smart city initiatives are also gaining ground led by efforts of governments to reduce carbon footprint by enhancing use of renewable energy resources. Governments across the region are also focused on achieving zero wastage target for energy. Growth is also supported by the strong use of smart cities solutions due to increased ICT investment by government bodies and significant adoption of connected solutions in the country. Europe is another region with strong focus on smart cities projects. The initiatives of the EU along with key development projects implemented by local governments have rendered momentum to smart city projects in the region. Further, financing and funding models, technology ecosystems, infrastructure development, and governance systems are also playing a key role in fueling the regional market.

Smart Energy Segment to Reach $652.9 Billion by 2026

Global market for Smart Energy (Application) segment is estimated at US$122.2 Billion in 2020, and is projected to reach US$652.9 Billion by 2026 reflecting a compounded annual growth rate of 27.1% over the analysis period 2020-2027. Europe constitutes the largest regional market for Smart Energy segment, accounting for 31.8% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 33.0% over the analysis period, to reach US$176.1 Billion by the close of the analysis period.
Select Competitors (Total 112 Featured)

  • ABB Ltd.
  • AGT International
  • Cisco Systems, Inc.
  • GE Current
  • Engie
  • Hitachi, Ltd.
  • Honeywell International, Inc.
  • Huawei Technologies Co., Ltd
  • IBM Corporation
  • Intel Corporation
  • Itron, Inc.
  • Johnson Controls International plc
  • Libelium Comunicaciones Distribuidas S.L
  • Microsoft Corporation
  • Nokia Corporation
  • Oracle Corporation
  • Panasonic Corporation of North America
  • Schneider Electric SA
  • Siemens AG
  • Telefonaktiebolaget LM Ericsson
  • Telensa Limited
  • Urbiotica
  • Verizon Communications, Inc.
  • Worldsensing SL

Read the full report: https://www.reportlinker.com/p05485940/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
COVID-19 Pandemic Demonstrates Benefits of Smart Cities
Cities Mobilize Collective Intelligence to Meet COVID-19
Challenges
Smart City Infrastructure Aids Countries in Maintaining
Provision of Essential Medical Services Amid the Pandemic
How COVID-19 Pandemic Could Expedite Smart City Initiatives
Smart Cities: A Conceptual Overview
Business Models in Smart City Projects
Smart City Technologies
End-Use Segments
Smart Cities: A Review of Technologies & Applications in Major
End-Use Industries
Smart Cities: A Sustainable Way to Accommodate World?s Growing
Population
EXHIBIT 1: With Population Bursting at its Seams, Smart Cities
Emerge as the Future of Sustainable Ecofriendly Living: World
Population (in Thousands) by Geographic Region for the Years
2018, 2025, 2040, 2050
Depleting World Natural Resources Throws the Spotlight on Smart
Cities
EXHIBIT 2: Global Per Capita Availability of Water by
Geographic Region (In Cubic Meters) for the Years 1990, 2018
and 2025
EXHIBIT 3: With World Energy Demand Outstripping the Increase
in Coal Reserves, Focus Shifts to Sustainable Use of Energy by
Cities: Global Coal Reserves (in Billion Metric Tons) and
Electricity Consumption (in Billion kWh) for the Years 1998,
2008 and 2018
Increasingly Congested Cities Lay the Foundation for the
Creation of Planned Urban Spaces
Rapid Urbanization: A Key Factor Underlying Congested Cities
EXHIBIT 4: World Urban Population in Thousands: 1950-2050P
EXHIBIT 5: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
1950, 1970, 1990, 2018, 2030 and 2050
EXHIBIT 6: Percentage of Urban Population in Select Countries
for 2018, 2020, 2030, 2040 and 2050
Resource Constraints & Environmental Consciousness Foster Smart
City Development
EXHIBIT 7: Resource Constraints & Pollution Concerns
Confronting Cities Worldwide: Breakdown of Water Consumption
Per Capita, Carbon Dioxide (CO2) Emissions Per Capita and
Waste Volume Per Capita by Geographic Region
Smart Cities Market Poised for Robust Growth Ahead
Smart Energy to Drive Long-Term Growth in the Smart Cities Market
Regional Analysis
Challenges Confronting Development of Smart City Programs
Absence of Uniform and Standard Technology
Lack of Clear Strategic Goals and KPIs
Security Concerns Limit Progress
Quick Review of Market Structure
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Transformational Role of 5G Technology in Development of Smart
Cities
5G Brings in Higher Scalability
EXHIBIT 8: Number of 5G Connections Worldwide: 2020-2025
Challenges Ahead
Concerns with Massive Connections and Monetization
Focus on Building Crisis Resilient Smart Cities to Drive Demand
for Better Internet Infrastructure
Growing Environmental Footprint of Cities Shifts Focus Onto
Smart Cities
Global CO2 Emissions Breakdown (in %) by Region for 2019
EXHIBIT 9: World Ranking of Most Polluted Countries: 2018
Funding Support: Vital for Smart Cities Initiatives
Shift Towards Open Governance Model Fuels Interest in Smart Cities
A Review of ICT Technologies Enabling Smart Cities
Broadband Networks
Internet of Things (IoT)
Smart Devices
Cloud Computing
Big Data Analytics
Artificial Intelligence
Facial Recognition
Geographic Information System (GIS)
Fog Computing
Blockchain
V2X Communication Seeks Role in Smart City Infrastructure
C-V2X: The Upcoming Future-Ready V2X Standard
IoT Lies at the Heart of the Connected Self-Aware Environment
Epitomized by Smart Cities
IoT Implementations in Smart Homes & Buildings
EXHIBIT 10: Connected Things in Smart Cities: Installed Base:
(in Million) by Segment for 2015 and 2019
Growing Prominence of Sensor Technology in Smart Cities
Rising Significance of Smart City as a Service
Unified Smart City Platforms Allow Big Data to Become a Reality
Transformative Role of AI Technologies in Smart Cities
Optimizes Urban Services
EXHIBIT 11: Developments in AI Paves the Way for Increase Use
of AI Intelligence in Smart Cities: World Market for AI-based
Hardware, Software and Services (In US$ Million) by
Technology for the Years 2018, 2022 and 2024
Combining IoT and AI Unlocks Opportunities
Big Data Drives Smart Cities Movement and Data Analytics
Enhances Smart City Services
Edge and Fog Computing Facilitate Real-time Analytics with Low
Bandwidth Consumption
Advances in Technology and Innovative Financing Solutions
Facilitate Development of Smart City Initiatives
Mesh Networks for Smart Cities
Open Data to Provide Long-Term Business Opportunities
Government Policies: Critical for Fostering Smart City
Technology Developments
E-Government: Imperative for Transforming Cities into Smart Cities
A Review of Select Smart City Initiatives Implemented Worldwide
Innovative Smart Cities Solutions and Systems Present
Considerable Growth Opportunity
A Peek at Select Innovations in Smart Cities Space
Going from Idea to Reality: A Peek into How Cities Are Getting
Smarter
Provision of Smart Municipal & Utility Services Gains Momentum
Smart Grids Vital for Smart Energy Distribution
EXHIBIT 12: Strong Spending on Smart Grids Strengthens Smart
Energy Infrastructure Vital for the Success of Larger Smart
City Plans: Global Market for Smart Grids in US$ Billion) for
the Years 2018 and 2020
Smart Metering: Vital for Efficient Energy Use & Consumption
Control in Smart Cities
EXHIBIT 13: Widespread Installation of Smart Electricity Meters
to Fuel the Success Rate of Smart City Projects by Improving
Customer Service & Encouraging Proactive Management of Energy
Usage: Global Smart Electricity Meters Market (in US$
Billion) for the Years 2019, 2021 and 2023
Adoption of Smart Water Meters Spirals in Cities Worldwide
EXHIBIT 14: Surging Penetration of Smart Water Meters & Smart
Gas Solutions Helps in the Provision of Smart Utility Services
Resulting in the Creation of Smart Outcomes for Citizens &
Communities: World Market for Smart Water Meters (In US$
000) by Geographic Region for the Years 2018, 2022 and 2024
Laying Strong Foundation for the Digital Transformation of Gas
Infrastructure, Smart Gas Solutions Seek to Revolutionize Gas
Utility Operations
IoT-based Smart Metering to Create Smarter and Connected Cities
Demand Responsive Energy Management: Indispensable for a Low
Carbon Smart City Footprint
EXHIBIT 15: Growing Investments in Demand Response Enables
Closer Consumer Engagement in Competitive & Smart City Energy
Markets: Global Spending On Demand Response Management
Systems (DRMS) (In US$ Billion) for the Years 2018, 2022 and
2024
Security in Smart Cities Receives Undivided Focus
Video Surveillance Plays an Important Role in Public Safety in
Smart Cities
Advanced Analytics for Surveillance Systems
Smart Buildings & Homes Receive Fair Share of Development Focus
Intelligent Buildings Vital for Constructing a Smart City
EXHIBIT 16: Strong Growth in BEMS Market Indicates Rapid
Progress towards Intelligent Buildings: World Market for
Building Energy Management Systems (BEMS) in US$ Million by
Segment for the Years 2018, 2022 & 2024
Consumer Spending on Smart Home Technologies Gathers Steam
EXHIBIT 17: Growing Number of Smart Homes Catalyzes the
Creation of Smart Cities: Global Smart Homes Market (In US$
Billion) for the Years 2019, 2021, 2023 & 2025
EXHIBIT 18: Global Smart Homes Market by Category for the Years
2020 and 2022
Smart & Connected Lighting Systems Make Cities Smarter, Safer &
Help Governments Turn Infrastructure Liabilities into Assets
Deployment of LED & Smart Streetlights Grows in Cities
EXHIBIT 19: Focus on Energy Efficient Smart Cities to Trigger
Growth in Smart Lighting Technologies: World Market for Smart
Lighting in US$ Billion for the Years 2019, 2021, 2023 and
2024
Smart Digital Education Lies at the Heart of the Smart Cities
Concept
EXHIBIT 20: Deemed as Vital for the Creation of Smart
Communities & Cities, the Need to Groom Smart People &
Citizens to Drive Robust Demand for Mobile Learning Products
& Services: World Market for Mobile Learning (In US$
Billion) for 2018, 2021 and 2024
Smart Healthcare: A Vital Part of the Smart Cities Ecosystem
EXHIBIT 21: Robust Market for mHealth Solutions to Aid in the
Creation of Smart Cities: World Market for mHealth Solutions
(In US$ Billion) for the Years 2019, 2021, 2023 and 2025
Smart Mobility & Intelligent Transportation Secures a Fair
Share of Government Funding
EXHIBIT 22: Unprecedented Rise of Connected Cars as the Future
of Driving to Benefit the Development of Smart Cities: Global
Connected Vehicle Shipments (In Million Units) for the Years
2019, 2021 and 2023

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Cities by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 2: World 7-Year Perspective for Smart Cities by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027

Table 3: World Current & Future Analysis for Smart Governance &
Education by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

Table 4: World 7-Year Perspective for Smart Governance &
Education by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World for Years 2020 & 2027

Table 5: World Current & Future Analysis for Smart Buildings &
Infrastructure by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 6: World 7-Year Perspective for Smart Buildings &
Infrastructure by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2020 & 2027

Table 7: World Current & Future Analysis for Smart Energy by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 8: World 7-Year Perspective for Smart Energy by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 9: World Current & Future Analysis for Smart Healthcare
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 10: World 7-Year Perspective for Smart Healthcare by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 11: World Current & Future Analysis for Smart Security by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 12: World 7-Year Perspective for Smart Security by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 13: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

Table 14: World 7-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
COVID-19 Impact Likely to be Minimal on Smart Cities Market
Smart Cities Projects in the US Gain Traction
Smart Gas Solutions Market Poised for Growth
Rising Investments in Water Utilities with Focus on Smart Water
Meters Drive Market Growth
EXHIBIT 23: Drinking Water Infrastructure Expenditure Needs in
the US through 2034 by Project Type
EXHIBIT 24: US Smart Water Solutions Market: Percentage
Breakdown of Spending by Segment for 2016, 2020, and 2024
New FCC Rules Ease 5G Infrastructure Installation in Smart Cities
Table 15: USA Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 16: USA 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

CANADA
Spending on Smart Cities Continues to Grow
EXHIBIT 25: Top Use Cases for Smart Cities Spending in Canada:
% CAGR by Use Case for the Period 2017-2022
Table 17: Canada Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 18: Canada 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

JAPAN
Market Overview
Japan Leverages Smart Gas Solutions to Build Low Carbon,
Energy-Efficient Society
Table 19: Japan Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 20: Japan 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

CHINA
Smart Cities Market in China: An Overview
EXHIBIT 26: Total Number of Smart City Projects with Financial
and Institutional Support from Local Government
EXHIBIT 27: Smart City Government Informationization Market (In
Billion Yuan) for the Years 2016, 2018, 2020 & 2022
Table 21: China Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 22: China 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

EUROPE
Smart Cities Deployment in Europe Continues to Gain Momentum
Smart Cities Become More Relevant Amid COVID-19 Pandemic
FIWARE: An Open Platform for Smart Cities
Rising Deployments of Smart Water Meters Augurs Well for Smart
Cities Initiatives
Table 23: Europe Current & Future Analysis for Smart Cities by
Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Sales in US$
Million for Years 2020 through 2027 and % CAGR

Table 24: Europe 7-Year Perspective for Smart Cities by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2020 & 2027

Table 25: Europe Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 26: Europe 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

FRANCE
Table 27: France Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 28: France 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

GERMANY
Table 29: Germany Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 30: Germany 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

ITALY
Table 31: Italy Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 32: Italy 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

UNITED KINGDOM
Table 33: UK Current & Future Analysis for Smart Cities by
Application – Smart Governance & Education, Smart Buildings &
Infrastructure, Smart Energy, Smart Healthcare, Smart Security
and Other Applications – Independent Analysis of Annual Sales
in US$ Million for the Years 2020 through 2027 and % CAGR

Table 34: UK 7-Year Perspective for Smart Cities by Application –
Percentage Breakdown of Value Sales for Smart Governance &
Education, Smart Buildings & Infrastructure, Smart Energy,
Smart Healthcare, Smart Security and Other Applications for the
Years 2020 & 2027

REST OF EUROPE
Table 35: Rest of Europe Current & Future Analysis for Smart
Cities by Application – Smart Governance & Education, Smart
Buildings & Infrastructure, Smart Energy, Smart Healthcare,
Smart Security and Other Applications – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 36: Rest of Europe 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

ASIA-PACIFIC
Asian Economies Focus on Development of Smart Cities
Australia
India
National Smart Cities Mission to Accelerate Smart City
Deployments in India
EXHIBIT 28: Number of Smart City Nominations Allocated Per
State (2019)
EXHIBIT 29: National Smart Cities Mission: Cost Structure
Singapore
South Korea
Table 37: Asia-Pacific Current & Future Analysis for Smart
Cities by Application – Smart Governance & Education, Smart
Buildings & Infrastructure, Smart Energy, Smart Healthcare,
Smart Security and Other Applications – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 38: Asia-Pacific 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

REST OF WORLD
Middle East: Huge Opportunity for Smart City Developments
Rising Power Demand Propels Growth in Smart Power Metering
Technologies
UAE Focuses on Developing Connected, Smart Cities
Latin American Smart Cities Market: An Overview
EXHIBIT 30: Major Megacities in Latin America by Population
(in Million) by 2025
Table 39: Rest of World Current & Future Analysis for Smart
Cities by Application – Smart Governance & Education, Smart
Buildings & Infrastructure, Smart Energy, Smart Healthcare,
Smart Security and Other Applications – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR

Table 40: Rest of World 7-Year Perspective for Smart Cities by
Application – Percentage Breakdown of Value Sales for Smart
Governance & Education, Smart Buildings & Infrastructure, Smart
Energy, Smart Healthcare, Smart Security and Other Applications
for the Years 2020 & 2027

IV. COMPETITION
Total Companies Profiled: 112
Read the full report: https://www.reportlinker.com/p05485940/?utm_source=GNW

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Artificial Intelligence

Altair Earns ISO/IEC27001:2022 Certification for Global Operations

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Certification cements Altair’s commitment to global information security
TROY, Mich., May 15, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has earned the ISO/IEC27001:2022 – an information security management system (ISMS) certification – externally audited against the frameworks set by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC). The certification for the 2022 framework solidifies Altair’s status as an international leader in information security and solidifies its commitment to following the latest global information security frameworks.

“Altair’s focus on achieving global accreditation is unique even among the world’s most prominent technology organizations. Earning this certification is a monumental achievement and represents the culmination of years of hard work and investment from our global security teams,” said Jeff Marraccini, chief information security officer, Altair. “This is a massive step for Altair especially for our enterprise-level customers, where having ISMS certification is becoming more important. In a world where the security boundaries between client and vendor are blurring, an ISMS demonstrates Altair’s commitment to information security. This will open many new doors for us.”
According to the ISO, “Conformity with ISO/IEC 27001 means that an organization or business has put in place a system to manage risks related to the security of data owned or handled by the company, and that this system respects all the best practices and principles enshrined in this International Standard. An information security management system implemented according to this standard is a tool for risk management, cyber-resilience, and operational excellence.”
Holding this certification verifies that Altair complies with modern security requirements including web filtering, cloud security, threat intelligence, hybrid and remote work, and more. It also consists of the people, processes, and technology providing security controls supporting Altair’s business operations in software engineering, sales, technical support, human resources, and enterprise applications development.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa 
Charlotte Hartmann
+49 7031 6208 0
[email protected]
 
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Artificial Intelligence

Digital Pharmaceutical Supply Chain Market 2024 Exclusive Report by InsightAce Analytic

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JERSEY CITY, N.J., May 15, 2024 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Digital Pharmaceutical Supply Chain Market Size, Share & Trends Analysis Report By Product (Software, Hardware), By Mode Of Delivery (Cloud-based, Web-based, and On -premises), By Software Modules (Software Modules Planning & Analytics, Procurement, Manufacturing, Logistics, and Inventory Management), Region, Market Outlook And Industry Analysis 2031”.

The Global Digital Pharmaceutical Supply Chain Management Market is estimated to reach over USD 1,865. 3 Mn by 2031, exhibiting a CAGR of 8.1% during the forecast period.
Download Free Report Sample Pages @ https://www.insightaceanalytic.com/request-sample/1911 
In recent times, pharmaceutical companies have been exploring new approaches to meet the potential of novel therapies and gain a stronger competitive edge. The advent of data analytics solutions enables the shift from a reactive to a predictive supply chain, which has the potential to enhance the patient and caregiver experience.
The demands of the supply chain are moving, shifting from a narrow focus on drug production and delivery to a more adaptable supply chain that meets the requirements of various stakeholders, such as caregivers, patients, and insurance companies. AI-based solutions have revolutionized the pharmaceutical supply chain by providing practical insights that improve visibility, service quality, and the overall customer experience.
Fundamental advancements in artificial intelligence (AI) show the capacity to benefit the pharmaceutical industries greatly. Pharmaceutical firms can increase productivity, decrease expenses, and guarantee the accessibility of vital medications by implementing AI technologies. AI’s capability to analyze immense quantities of data and generate real-time forecasts enables it to assist in the optimization of a variety of supply chain processes, including demand forecasting and inventory management. Across the pharmaceutical supply chain, AI can increase dependability and efficiency by optimizing schedules, enhancing decision-making, and relieving supply chain employees of tedious manual labour in favour of more value-added responsibilities.
Government attempts to improve medical supplies, together with rising demand for operational efficiency and mobile solutions, are expected to boost digital pharmaceutical supply chain management market growth. The use of artificial intelligence and analytics, expanding demand for cloud-based solutions, and increased acceptance of process automation in pharmaceuticals are all expected to drive revenue-generating market development throughout the forecast period.
List of Prominent Players in the Digital Pharmaceutical Supply Chain Market:
McKesson CorporationMediceo CorporationPalantir Technologies, Inc.Jump Technologies, Inc.InterSystems CorporationTecsysOracleSAPInforTerso SolutionsCenTrak (HALMA plc)Biolog-idTraceLinkOther Prominent PlayersDigital Pharmaceutical Supply Chain Market Report Scope:
Report Attribute
Specifications
Market Size Value In 2023
USD 1,016.1 Mn
Revenue Forecast In 2031
USD 1,865.3 Mn
Growth Rate CAGR
CAGR of 8.1% from 2024 to 2031
Quantitative Units
Representation of revenue in US$ Bn and CAGR from 2024 to 2031
Historic Year
2019 to 2023
Forecast Year
2024-2031
Report Coverage
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered
By Product And Mode of Delivery, Software Modules
Regional Scope
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea
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Market Dynamics:
Drivers-
The rising usage of cutting-edge technologies such as digital-twins technology in the supply chain business drives growth. Furthermore, these digital technologies assist logistics organizations in cutting costs. The e-commerce industry has grown significantly as the number of people purchasing online and using the Internet has increased. The growth of e-commerce needs the development of speedier and more efficient transportation services. Customers who shop online expect accurate orders, prompt shipment, and simple return policies. Companies are looking for solutions to decrease order transportation costs and lead times. E-commerce makes products visible, affordable, simple to use, quick to deliver, and easy to return. To fulfill this need, new models and technologies must be created to automate distribution routes, digitize logistics planning, and simplify material transportation. Moreover, introduction of AI-enabled e-commerce solutions is further expected to witness significant growth prospects during the forecast period.
Challenges:
The COVID-19 pandemic has accelerated the market’s growth due to the increasing digitalization trend. Because of the extensive use of online purchasing, companies in the food and beverage, manufacturing, and logistics industries must increase their investments in automation, particularly supply chain automation and digitalization. As a result, the digital supply chain benefits from increased market growth.
This outbreak has affected a large number of firms, making it more difficult for them to maintain their complex supply chains. This is expected to drive higher demand for digital supply chains.
Regional Trends:
The North America digital pharmaceutical supply chain management market is expected to have a considerable revenue share and develop swiftly in the near future. The regional market expansion is anticipated to grow most rapidly, owing to increased widespread adoption of digital technology and the deployment of various methods to improve pharmaceutical supply chain management. The integration of IoT, AI, and cloud technologies to support pharmaceutical product development, production, and distribution is contributing to market evolution.
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Recent Developments:
In April 2024, SourceDay formed a strategic relationship with Infor to improve the effectiveness of direct spending purchase order (PO)lifecycle management. The partnership’s focus will be to bridge the gap between ERPs and supplier networks, as well as to help joint clients manage direct material POs proactively and thoroughly from creation to receipt. As part of the partnership, the supply chain collaboration platform has become an Infor Certified Solution Partner, providing extensive, bi-directional technological integration across Infor’s Discrete Manufacturing and Distribution ERPs.In Oct 2023, InterSystems recently introduced eight new companies to its Startup Program. InterSystems provides support to these businesses, enabling them to effectively change the digital health environment by improving patient care and transforming the sector. The InterSystems Startup Program offers assistance, technical integration, resources, and funding to firms that rely on data in important sectors like healthcare, financial services, logistics, and manufacturing.In Oct 2022, Palantir Technologies Inc. and Concordance Healthcare Solutions LLC formed a partnership to create the first comprehensive medical supply chain ecosystem. This ecosystem will combine inventory and supply chain data from manufacturers, suppliers, distributors, and providers into a unified and up-to-date system. Problems such as product back orders and replacements, which formerly required a significant amount of time and effort from frontline staff, can now be resolved in a matter of minutes. In the end, this enhances the quality of patient treatment and lessens the workload on healthcare providers.In Feb 2022, Oracle announced the addition of new capabilities for logistics management to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The enhancements to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management enable businesses to reduce costs and risk, enhance customer experience, and become more resilient to business disruptions.Segmentation of Digital Pharmaceutical Supply Chain Market-
By Product-
SoftwareHardwareServicesBy Delivery Insights-
Cloud-basedWeb-basedOn -premises segmentsBy Software Modules-
Planning & AnalyticsProcurementManufacturingLogisticsInventory ManagementBy Region-
North America-
The USCanadaMexicoEurope-
GermanyThe UKFranceItalySpainRest of EuropeAsia-Pacific-
ChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia PacificLatin America-
BrazilArgentinaRest of Latin America Middle East & Africa-
GCC CountriesSouth AfricaRest of Middle East and AfricaFor More Customization @ https://www.insightaceanalytic.com/customisation/1911
Why should buy this report:
To receive a comprehensive analysis of the prospects for global Digital Pharmaceutical Supply Chain marketTo receive industry overview and future trends of global Digital Pharmaceutical Supply Chain marketTo analyze the Digital Pharmaceutical Supply Chain market drivers and challengesTo get information on the Digital Pharmaceutical Supply Chain market size value (US$ Mn) forecast till 2031Major Investments, Mergers & Acquisition in global Digital Pharmaceutical Supply Chain market industryOther Related Reports Published by InsightAce Analytic:
Digital Logistics Market
Pharma 4.0 Market
Digital Twins in Healthcare Market
Healthcare Cold Chain Logistics Market
AI in Medical Supplies/Inventory Management Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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India Drone Market worth $1,437 Million by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 15, 2024 /PRNewswire/ — The India Drone Market is projected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, at a CAGR of 17.0% during the forecast period according to a new report by MarketsandMarkets™. The Drone volume in the India Drone Market is projected to grow from 10,803 Units in 2024 to 61,393 Units by 2029. The India drone market is experiencing rapid growth, driven by increasing demand across various sectors, including agriculture, defense, and e-commerce. Supportive government policies and initiatives like the Drone Shakti scheme have further expanded the industry.

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Browse in-depth TOC on “India Drone Market” 
147 – Tables84 – Figures280 – Pages
India Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 654 Million
Estimated Value by 2029
$ 1,437 Million
Growth Rate
Poised to grow at a CAGR of 17.0%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Platform, Point of Sale, Application, Systems and Industry
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Limited payload capacity
Key Market Opportunities
Rising use of drones in logistics industry
Key Market Drivers
Growing emphasis on precision farming
India Drone Market- By System
By system, the Platform systems segment is expected to lead the market. There’s a growing demand for drones across various sectors such as agriculture, defense, entertainment, and delivery services. Platform systems are the core components of drones, including the airframe, propulsion system, and avionics and software. Expanding these sectors could lead to higher investment in the development and procurement of drones, directly affecting the market size of platform systems.
India Drone Market- By Platform
The platform, Civil, and Commercial segments are expected to lead the market in volume (Units), but in market size (USD Million), the defense segment will lead the market. Civil and commercial usage, including agriculture, energy, and construction, shows a balanced spread, reflecting the technology’s cross-sectoral adoption. Small and tactical class drones are preferred for their versatility and lower operational costs, aligning with global trends towards more compact and efficient UAVs for both military and civilian uses. This market distribution underscores the strategic importance of drones in national defense, the growing commercial applications, and the potential for further expansion into various industries.
India Drone Market- By Industry
By Industry, the defense and Security segment was estimated to account for the largest share of the India drone market in 2024. The defense and security sector dominates the Indian drone industry due to its critical role in national security and the strategic advantages drones offer. With regional security challenges, the need for heightened surveillance and reconnaissance, and the delivery of payload to border areas, India has prioritized the adoption of drones for defense purposes. The government’s emphasis on self-reliance in defense technology further bolsters this sector’s market share, as drones become integral to modern military operations and border management, leading to significant investment in this technology.
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Major Service providers in the Indian drone companies are India-based drone manufacturing companies, such as Paras Aerospace (India), ideaforge Technology Ltd. (India), Throttle Aerospace Systems Pvt. Ltd. (India), Garuda Aerospace (India), Asteria Aerospace Limited (India), General Aeronautics (India), and Newspace Research Technologies Pvt. Ltd. (India), Iotechworld (India), Adani Defense and Aerospace (India), Tata Advanced Systems Limited (India), Thanos (India), Dhaksha Unmanned Systems (India), Marut Dronetech Private Limited (India), Hubblefly Technologies (India), Raphe (India) like more than 25 companies have been analyzed based on different parameters, including product portfolios, recent developments, business strategies, and organic and inorganic growth, among others.
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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports: 
Public Safety Drone Market by Type (Rotary Wing, Fixed Wing, Hybrid), Platform (Micro, Small), Application (Police Operations & Investigations, Firefighting & Disaster Management, Border Management, Others), Mode of operation, and Region – Global Forecast to 2028
Small Drones Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application (Military, Commercial, Government & Law, Consumer), Mode of Operation, Power Source, and Region – Global Forecast to 2030
Military Drone Market by Platform (Small, Tactical, Strategic), Type (Fixed Wing, Rotary Wing, Hybrid), Application (UCAVs, ISR, Delivery), Propulsion (Fuel Powered & Battery Powered), MTOW, Operation Mode, Launching Mode, and Region – Global Forecast to 2028
UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region – Global Forecast to 2029
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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