What is Smart Cities Software Market?
Smart city initiatives taken deploys multiple, disparate smart and connected systems. The software provides the smart city technology that allows the visualization and synchronizing of existing systems with surrounding contextual information into a common platform. By converging public and private data systems on one visual platform, the software empowers smart, connected cities to improve living conditions and public safety for citizens. The smart city software gives various benefits as it enables cross departmental visibility, faster and better decision making, and crisis management.
Highlights from Smart Cities Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AT&T (United States), Compta Emerging Business (Portugal), Citymatica (Israel), Davra (Ireland), FIWARE (Germany), FLIR Systems (United States), Fybr (United States), GeoPal Solutions (Ireland), PLVision (Poland) and Live Earth (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart Cities Software market throughout the forecasted period.
AT&T (United States), Compta Emerging Business (Portugal), Citymatica (Israel), Davra (Ireland), FIWARE (Germany), FLIR Systems (United States), Fybr (United States), GeoPal Solutions (Ireland), PLVision (Poland) and Live Earth (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Verizon Business (United States). Smart Cities Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Government Officials, City Planners and Others |
Pricing | Monthly,Annually,One-time license |
Deployment | On premise,Cloud |
Operating system | IOS,Android,Windows |
On the basis of geography, the market of Smart Cities Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Technologies Such as Internet of Things
Market Growth Drivers:
Increasing Government Investments on Smart Cities and Growing Urbanisation Across the Globe
Challenges:
Lack of Knowledge Among the People
Restraints:
High Costs Associated with the Installation of Software
Opportunities:
Improvement in Living Standards of Individuals and Growing Adoption of Connected and Smart Technologies
Key Target Audience
Government associations, Research organisations, software vendors and Others