As Stated by BlueWeave Consulting, the global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence (AI), personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, increase in residential preference towards adoption of advanced information and communication technologies (ICT) escalates the future market growth. Get Detailed Analysis@ https://bit.ly/2u2xZR5
Competitive Dynamics:
Many new players have entered into this market along with several small and medium players. The leading players are focusing especially on technological improvements through organic and inorganic growth strategies. Some of the major companies operating in this industry include IBM Corporation, The ADT Corporation, Cisco Systems Inc., Oracle Corporation, AT&T Inc., SAP SE, Intel Corporation, General Electric, Schneider Electric SE, and Xerox Corporation.
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