Global Smart Cities Market Size to Reach USD 3,363 billion by 2028, At Growth Rate (CAGR) of 22.1%.

The concept of smart cities can be dated back to the 1960s and 1970s when the U.S. Community Analysis Bureau began collecting data by utilizing databases, aerial photography, and cluster analysis to monitor resources, issue reports to direct services, minimize disasters, and reduce poverty. As a result of this initiative, the first generation of smart cities was born. The smart city employs information and communication technology (ICT) to streamline operations, improve government service, enhance citizen welfare, and help the government share data with the public.

Top Key Players Covered in The Smart Cities Market

Cisco Systems (US), IBM (US), Siemens AG (Germany), Schneider Electric (France), Ericsson (Sweden), Vodafone (UK), Itron Inc. (US), Verizon (US), Telensa (England), ABB (Switzerland), Honeywell International Inc. (US), SAP SE (Germany), KAPSCH Group (Austria), and AGT International (Switzerland) and Other Major Players.

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For the Purpose Of This Report, Reports And Data Has Segmented The Global Smart Cities Market On The Basis Of Type, By Source, By Product, And Region:

By Type

· Smart Governance

· Smart Building

· Environmental Solution

· Smart Utilities

· Smart Transportation

· Smart Healthcare

By Component

· Software

· Hardware

By Region

· North America (US, Canada, Mexico)

· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

· South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact Analysis on Smart Cities Market

Long before the pandemic, there was a growing interest and significant progress in adopting smart solutions, enabled by ICTs and big data analytics, to improve the efficiency and efficacy of urban operations while also improving quality of life. COVID-19 has provided a vital opportunity to evaluate the capabilities of smart solutions to solve essential socioeconomic concerns as it unfolds amid these rapid improvements.

Report Includes Competitor's Landscape:

· Major trends and growth projections by region and country

· Key winning strategies followed by the competitors

· Who are the key competitors in this industry?

· What shall be the potential of this industry over the forecast tenure?

· What are the factors propelling the demand for the Action Figures and Statues?

· What are the opportunities that shall aid in significant proliferation of the market growth?

· What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?

· How has the covid-19 impacted the growth of the market?

· Has the supply chain disruption caused changes in the entire value chain?

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