Chicago, Oct. 10, 2022 (GLOBE NEWSWIRE) — The globe Smart City Platform Market will grow from $156.1 billion in 2021 to $258.2 billion in 2026, at a compound annual growth rate (CAGR) of 10.6% over the forecast period, according to a new report by MarketsandMarkets™. Various factors such as increasing adoption of IoT technology for infrastructure management and city surveillance, and exponential growth of city population are expected to drive the adoption of smart city platform solutions and services.
Smart city platforms provide middleware operability where multiple software and hardware can be integrated along with multiple communication protocols to provide latency-free smart city solutions. Smart city platforms provide a common level of abstraction and manage information from multiple smart city solutions and systems. These platforms perform many functions including analytics, remote asset monitoring, performance management, decision support, and/or presentation components.
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scope of the report
| report metrics | details |
| Market size available for years | 2016-2026 |
| base year considered | 2021 |
| forecast period | 2022-2026 |
| Forecast Units | billion dollars |
| segments covered | Offerings, deployment model, application, and region |
| regions covered | North America, Europe, APAC, Latin America and MEA |
| company covered | Alibaba Group Holding Limited (China), Amazon Web Services, Inc. (USA), Bosch.IO GmbH (Germany), Quantela, Inc. (USA), Cisco Systems, Inc. (USA), Telefonaktiebolaget LM Ericsson (Sweden), Fujitsu Limited (Japan), Fybr (USA), Google LLC (USA), Hitachi, Ltd. (Japan), Huawei Technologies Co.,Ltd. (China), International Business Machines Corporation (USA), Intel Corporation (USA), KaaIoT Technologies, LLC. (USA), Microsoft Corporation (USA), NEC Corporation (Japan), Oracle Corporation (USA),… |































