Global Smart City Market - Analysis, Technologies & Forecasts to 2020 - High Cost of Upgrading Smart Grids is a Key Challenge - Research and Markets

DUBLIN, October 12, 2016 /PRNewswire/ --

Dublin - Research and Markets has announced the addition of the "Global Smart City Market 2016-2020" report to their offering.

The report forecasts the global smart city market to grow at a CAGR of 19.65% during the period 2016-2020.

Implementation of digital signage in M2M retail business will be a key trend for market growth. Retailers worldwide have started using M2M-based digital signage to provide users with essential information about their new product launches, the latest additions to product lines, and discounts. M2M-based digital signage is used to increase customer engagement by sending targeted advertisements based on customer information, including location, gender, and age. It is also used to display video messages at the point of sale. M2M-based digital signage delivers information on a real-time basis. It provides better features than traditional print-based displays. It contributes to improving the brand image of retailers. Also, it helps retailers save time and money and improve customer outreach.

According to the report, increased installation of smart meters will be a key driver for market growth. Smart meters offer a wide range of interactive and intelligent solutions. They allow the consumers to effectively manage energy resources by providing the consumption details at every point in time. They send the relevant details of home energy use to the energy supplier such that the electricity bill can be sent without having to check the reading on the home meter physically.

Further, the report states that multiple areas, including healthcare, automotive, and smart homes, involve the use of a wide range of proprietary solutions, which increases the challenge of interoperability. The M2M or IoT value chain consists of many players specializing in different services, applications, platforms, devices, and middleware. Collaborative processing of operations from different players across the value chain is required to deliver a competent solution.

Key vendors:

• ABB
• Cisco
• Ericsson
• GE
• Google
• Huawei Technologies
• IBM
• Microsoft
• Oracle
• Schneider Electric
• Siemens
  

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by component

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Appendix

For more information on this topic, visit the Internet of Things (IoT) and M2M section of the Research and Markets' blog.

For more information about this report visit http://www.researchandmarkets.com/research/z33vbg/global_smart_city

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SOURCE Research and Markets