Smart City ICT Infrastructure Market 2022 Industry Growth Estimate, Key Players Analysis, Gross Margins, Strategy, Application, Investment Plan, Opportunity and 2031 Forecast

 Kenneth Research, in its repository of market research reports, have recently added a report on Smart City ICT Infrastructure Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Smart City ICT Infrastructure Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart City ICT Infrastructure Market products.

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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

The Smart City ICT Infrastructure Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Smart City ICT Infrastructure Market is growing at a tremendous rate of CAGR of 17.5% approximately from 2017 to 2025 boosting up market and opening opportunity for the new vendors. The market has been segmented by components like smart grid, smart healthcare, smart transport, smart home and building, smart education, smart water network, and smart security and covering regions like North America, Asia Pacific, Europe and rest of the world further giving granular information by major countries in these geographies.

In the recent years countries has taking more initiative to develop smart cities to cope up with upcoming and changing technologies. Countries like India has been developing and taking initiatives to build smart cities which also attract new opportunities to other organization to set up new ventures. The grow in these sector variety of companies across the value chain as smart city involves lots of devices, sensor, technology and communication platform which fuels the organizational growth within the list

The major Industry Players in Smart City ICT Infrastructure Market are Cisco Systems, AT&T, Huawei, Verizon Communications, NTT Communications, Honeywell International, Accenture, China Mobile, Vodafone, Hitachi, Siemens, IBM, Oracle, Deutsche Telekom, Ericsson, Microsoft, Nokia, Schneider Electric, ABB, HP, Telefónica, Toshiba proving information like Company Overview, Financial overview, Product Overview and current development.

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By Component

smart grid
*smart healthcare
*smart transport
*smart home and building
*smart education
*smart water network
*smart security

By Region

North America
*USA
*Canada

Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America , Middle East & Africa

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About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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