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Future Growth Potential Lies in the Opportunities Provided by Smart Cities
12-Nov-2020
Asia Pacific
Market Research
PB52-01-00-00-00
IT04160-AP-MT_24674
The Asia-Pacific (APAC) smart city market recorded robust growth in 2019. It generated a revenue of $33.5 billion and is anticipated to expand at a compound annual growth rate (CAGR) of 29.1% between 2019 and 2025 to reach $154.84 billion in 2025. The market is expected to grow exponentially as government initiatives call for smart technologies to be integrated with economic initiatives to make for a smart society. Owing to the growth potential the market holds, it will attract investments from vendors and solution providers.
IoT solutions will help societies manage their traffic and resources in an efficient manner and facilitate holistic living standards. Data analytics will play a key role in shaping smart cities as there is a growing need for access to citizen data across all segments of smart cities. Smart transportation will emerge as the most profitable segment as local municipalities will see a rising number of smart mobility use-cases. Governments will adopt smart technologies within their processes in an attempt to align and upgrade the role of ICT in their systems, with a focus on digital payments.
The study discusses market drivers and restraints; growth opportunities are also examined, and Frost & Sullivan growth recommendation for market participants are provided.
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives 8™ on the APAC Smart City Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of the Study
Smart City Maturity Ladder—Key Stages
Smart City Maturity Ladder—Main Parameters
Smart City Market Segmentation—Application Areas
Growth Drivers for the APAC Smart City Market
Growth Restraints for the APAC Smart City Market
Key Use-Cases by Application Area
Key Use-Cases by Application Area (continued)
Overview of Market Landscape and Key Competitors
Growth Opportunity 1: Tracking and Monitoring Solutions for Contact Tracing and Monitoring Use-Cases, 2020
Growth Opportunity 1: Tracking and Monitoring Solutions for Contact Tracing and Monitoring Use-Cases, 2020 (continued)
Growth Opportunity 2: Smart City Platform Solutions for Effective Data Orchestration, 2020
Growth Opportunity 2: Smart City Platform Solutions for Effective Data Orchestration, 2020 (continued)
Growth Opportunity 3: Edge Infrastructure and Analytics for Machine Learning Capabilities, 2020
Growth Opportunity 3: Edge Infrastructure and Analytics for Machine Learning Capabilities, 2020 (continued)
Growth Opportunity 4: Location Intelligence to Enhance Effectiveness of Smart City Solutions, 2020
Growth Opportunity 4: Location Intelligence to Enhance Effectiveness of Smart City Solutions, 2020 (continued)
List of Exhibits
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Deepu Nair |
| Industries | Information Technology |
| WIP Number | PB52-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9702-C1,9705-C1,9658 |
Asia-Pacific Smart City Opportunities: Transformative Mega Trends
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