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(Construction.IndustryNews247.Com, March 01, 2018 ) A smart city uses ICT, including mobile networks, to improve the quality of livelihood in a sustainable way. A smart city combines and shares disparate comprehensive data sets captured by intelligently-connected infrastructure, people, and vehicles, to generate new insights. It also provides ubiquitous services that enable citizens to access information about city administrative services, improve the efficiency of city operations, enhance security levels, fuel economic activity, and even increase resilience to natural disasters.
Publisher's analysts forecast the global smart city market to grow at a CAGR of 19.65% during the period 2016-2020.
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Smart meters can be integrated with an in-home display (IHD) to provide instantaneous information on gas and electricity usage in a household. It will help the consumers to monitor and control all energy devices through energy management systems (EMS) and provide a range of interactive and intelligent solutions. Technological advancements will enable smart meters to amalgamate with smart grids, which will help in energy management, reduce operational costs, and provide energy efficient solutions.
Key vendors -ABB -Cisco -Ericsson -GE -Google -Huawei Technologies
Other prominent vendors -Accenture -Aeris Communications -Alcatel-Lucent -Digi International -HCL -Hitachi -Honeywell International
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Market driver -Enhanced global broadband connectivity -For a full, detailed list, view our report
Market challenge -High cost of upgrading smart grids -For a full, detailed list, view our report Market trend -Presence of strategic alliances in smart city market -For a full, detailed list, view our report
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Browse complete report @ http://www.reportsweb.com/global-smart-city-market-2016-2020
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