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Thursday, September 9, 2021

Video Surveillance Market COVID-19 Analysis, Market Overview, Competitive Landscape and Analysis

Market Overview:

The increasing adoption of internet of things application is boosting the video surveillance market growth. It is required to meet the demand of advanced security solution. For the smart city project, the video analytics are extensively used for smart buildings, traffic management, retail & logistic operations among others. The video surveillance offers high quality image which could help in tracking and monitoring behavior of the people, traffic, and other activities very quickly. The video analytics are used for face recognition, behavioral analytics, and illicit action prediction among other factors. The smart city project requires technological advanced video surveillance solution for providing real-time information, monitoring traffic, and others.

Increasing adoption of smart city is another driving factor in the growth of Video Surveillance market. The smart city project provides smart warnings such as intelligent traffic alert, and disaster warning and allows quick access to events and incidents. The increasing demand of biometric applications, video management and internet of things are some of the key factors which are propelling the video surveillance application across the world.

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Segmental Analysis

The market for global Video Surveillance is segmented on the basis of component and applications. Based on component segments, video surveillance market is segmented as hardware, software and services. Hardware components accounts for highest market share and is estimated to grow with 17% CAGR. Cameras, monitor, and storage systems are the different components comes under hardware part of video surveillance. Cameras are the most essential part of the video surveillance that are used for monitoring areas by capturing videos. These cameras are attached to encoders, and analog gateway network modules for sharing and routing the services on surveillance network. Video inputs, a video decoder, an audio codec, display & motion controllers, and video compression/decompression are the different parameters deals with components of a camera.

Video surveillance are used in variety of applications, including infrastructure, commercial, institutional, Defense, and residential. Due to the wide range of features, video surveillance or security cameras are common in every industry now a days. Traffic monitoring, public safety, parking monitoring and vehicle safety, event security, and employee safety, are some other applications of video surveillance.

North America leads the market for global Video Surveillance market. The technical advancements in the region and developed network architecture and high adoption rate of surveillance equipment are the factors that are driving North America in lead position. Europe bags the second place in the market for global Video Surveillance followed by Asia Pacific. The improvement in network infrastructure and increasing adoption of cloud based services by industries which there by expected to fuel the market growth in the region.

Key Players

Some of the key players in the market are Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), Pelco (U.S.), Panasonic System Networks Co., Ltd. (Japan), Hanwha Techwin Co., Ltd. (South Korea) and NICE System Ltd. (Israel).

Market Research Future (MRFR) publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Smart Transportation Market Trends, Size, Key Vendors Analysis, Import & Export and Revenue by Forecast 2027

Global Smart Transportation Market – Overview

The smart transportation is an advanced transportation system provides innovative services associated with different modes of transport and traffic management for avoiding various problems including traffic accidents, congestion, and vehicle carbon emission. The smart transportation system involves vehicles, drivers, passengers, road operators, interacting with each other. The adoption of fleet management in smart transportation provides vehicles with a smarter solution that offers real-time visibility of driver performance, vehicle location, fuel consumption, travelling mileage speed, idle times, and increases efficiency & productivity of the vehicles.

Due to the rapid urbanization, the amount of greenhouse gas increases in the environment which leads to the adoption of alternative fuels such as bio-fuels, ethanol, compressed natural gas (CNG), and increases the demand of solar and electric vehicles which is likely to impact the growth of smart transportation market.

Smart transportation systems include a broad range of wireless and wireline communication-based information, connectivity technologies for the better management of traffic and improve the existing transportation infrastructure.. Furthermore, there are various benefits of smart transportation, including improvement in safety issues, higher productivity & efficiency, environmental friendliness, and better life quality. Also, the smart transportation involves the adoption of smart parking management solutions which uses the IoT technology along with mobile payment services. It also provides real-time parking information displayed on the electronic sign board that is useful for both parking staff members as well as the end-users. The adoption of multi-level parking provides various benefits including minimum utilization of land, greater convenience in entry and exit, with the help of multi sensors and safety devices offering low operating and maintenance expenses.

The adoption of advanced technologies including cloud computing, big data, evolution of wireless network, machine to machine(M2M), Internet of things (IoT), and government initiatives to support smart technologies in existing transportation are some of the factors that are impacting the growth of smart transportation market. However, high capital investment and with lack reliable database for road network are some of the factors that hinder the growth of smart transportation market.

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Industry News

Sep 2018, Huawei announced to launch ICT solutions for cloud-based railways.

Huawei launched ICT solutions including urban rail cloud and railway IoT solution to help rail operators achieve digital transformation by providing a connected, safe and efficient experience for passengers. Huawei’s urban rail cloud is a smart cloud platform which can be used for the multiple-line operations for smart urban rails.

Jan 2018, Didi Chuxing partnered with Chinese traffic management authorities to introduce smart transportation solution

Didi Chauxing partnered with Chinese traffic management authorities to provide integrated solution. The integrated solution is based on real-time data, leveraging cloud computing and AI-based technologies for smart city traffic management delivering improvements in transportation infrastructure. The transportation infrastructure includes traffic flow measurements, smart traffic signals, reversible lanes, and traffic management programs for maintenance scheduling and system assessments.

Feb 2017, Cisco and Davra networks partnered to deliver smart transport network in Swindon.

Cisco and Davra partnered to work with Swindon Borough Council (SBC) for collecting and analyzing real-time data from sensors and data sources to improve the mobility and safety of the town, reduce congestion, and improve traffic management by providing real-time traffic information to the people and provide updates to commuters in their vehicles to prevent them from congestion.

Global Smart Transportation Market - Segmentation

Segmentation by Solution: Traffic management solution, smart ticketing solution, parking management solution, integrated supervision solution, passenger information solution, insurance telematics solution, and others.

Segmentation by Services: Consulting services, deployment and integration, and support & maintenance.

Segmentation by Region: North America, Europe, Asia-Pacific, and Rest of the world.

Global Smart Transportation Market Regional Analysis

The regional analysis of global smart transportation market is studied for North America, Europe, Asia-Pacific and Rest of the World.

North America dominates the smart transportation market with the US and Canada as the leading countries and is expected to remain dominant during the forecasted period. The market growth is due to the technological advancements and huge investments from the government towards the improvement of transportation facilities with the adoption of smart solutions.

Asia-Pacific is expected to reach the highest CAGR during the forecasted period with China, Japan, India as the leading countries in this region due to the growing demand of smart systems for the rapid population growth and increasing urbanization in this region.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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https://www.articletrunk.com/smart-card-market-challenges-size-growth-key-vendors-drivers-trends-and-forecast-to-2027/

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Speech Recognition Market Global Trends, Size, Shares, Strategy, Applications Analysis and Growth by Forecast to 2027

Market Scenario

According to a new report by Market Research Future (MRFR), global speech recognition market is expected to reach USD 16 billion at 16% CAGR over the forecast period (2020-2027). Voice holds a unique characteristic of an individual just like iris or fingerprints and has emerged as a feasible authentication technique. The ability to deliver accurate authentication sets voice apart as a preferred authentication method for online transactions. The incorporation of voice recognition techniques is gaining popularity in cars since most of the countries are initiating hands-free regulation with the use of mobile phones while driving.

Voice recognition technology offers customizing voice commands that enable hands-free dictation. It eradicates the need to open, edit, and send a specific file. All one needs to do is send it through a voice command. The mobile voice recognition technique facilitates clinicians to convert their voice into a detailed clinical description which is recorded in Electronic Health Record (EHR) System. The global market is anticipated to expand at a significant rate during the forecast period owing to the advancements in technology and is escalating usage.

Future Constraints and Drivers Affecting the Market Growth

With the adoption of Internet of Things (IoT) and artificial intelligence, the global market for voice recognition is set to boom. Artificial intelligence speech recognition is extensively used in healthcare and automotive sector. Besides, growing use of biometric security in finance and banking sector is expanding the use of speech recognition technology. Moreover, the manufacturers are focusing on innovations in their products with the help of voice recognition which will drive the market growth.

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Some of the voice recognition programs is equipped with limited decoding capabilities and lack the ability to understand the context of the language and interpret the content. These can lead to errors and cause misinterpretations and confusion of facts which might further hinder the market growth.

Global Speech Recognition Market Segmentation

The global market for speech recognition has been segmented into technology, type, region, and verticals.

On the basis of type, the market has been segmented into speaker dependent and speaker independent.

Based on technology, it is segmented into artificial intelligence based and non-artificial intelligence. Among these, artificial intelligence is expected to gain momentum as the system transforms speech into well-structured algorithms by undergoing certain stages such as formulation, representation of speech units, development of recognition algorithms, and demonstration of correct inputs. Besides, the non-artificial market accounted for the majority of overall share and is predicted to lose its market soon by the end of the review period.

The market has been further segmented into military, automotive, finance, government, media & entertainment, healthcare, and others on the basis of verticals where healthcare is expected to showcase the largest market share.

Regional Analysis

The global market for speech recognition is spanned across regions such as Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

North America is one of the leading regions globally owing to the security application in inter-connected and digital devices which is expanding the market growth in this region. The market for speech recognition in Europe is expected to boom over the assessment period. Asia Pacific countries such as India, Japan, and China are a part of the emerging regions in speech recognition market and is expected to grow at the highest CAGR in the years to come due to the presence of a large number of key players.

The growth in customer care services in banks, travel, hospitality, and telecom contributes to the growth of the market to combat fraudulent activities in these sectors. Presence of consumer electronics device manufacturers like Sony and Samsung has created a lucrative market for speech recognition in the Asia Pacific region.

Industrial Developments

Evernote has been a big player in the market for speech recognition for years. Besides allowing you to take conventional notes, but also offers a nifty feature that lets you dictate voice notes right to the app.

Just Press Record is a cloud-based transcription tool which comes with features such as transcription, one tap recording, and iCloud syncing. When it comes to call recording, one requires to press a single button and get unlimited recording time. It can also convert speech into searchable text. Once a file has been transcribed, it can be edited from within the app.

Competition Analysis

Some of the prominent players operating the global market for speech recognition are Nuance Communications Inc. (U.S.), VoiceBox Technologies Corp. (U.S.), Microsoft Corporation (U.S.), VoiceVault (U.S.), Agnitio SL (Spain), and others. Microsoft has called on the government to set up and control facial recognition technology.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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https://www.spoke.com/topics/physical-security-market-challenges-size-growth-key-vendors-drivers-trends-and-forecast-to-2027-6138b63830b30b04b003451f

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Wednesday, September 8, 2021

Physical Security Market Challenges, Size, Growth, Key Vendors, Drivers, Trends and Forecast to 2027

Market Scope

Market Research Future (MRFR) expects the physical security market 2020 to touch a tremendous valuation of USD 120 Billion by the year 2027. MRFR adds that the market can advance at a steady rate of 10% between 2020 and 2027 (which is the review period).

Top Boosters and Main Challenges

The importance of advanced physical security among organizations and detecting of any potential threats has surged quite significantly in recent years, which sets the tone of the market growth. End-use industries such as banks, retail, hospitality and transportation face a variety of security challenges and theft and destruction which are tough to handle using traditional security systems. This has led to higher deployment of physical security systems across organizations. However, budgetary constraints can slacken the adoption of physical security systems in the coming years.

Having said that, governments everywhere are highly focused on fortifying their physical security infrastructure in order to be more prepared for potential threats, leading to better business expansion. Over the years, the widening entry points within the data systems of the IoT-backed ecosystem have boosted the number of cyber-attacks. Therefore, intense efforts are being made to boost IoT security with the use of advanced physical security systems to bring down the chances of such attacks. Also, technological innovations and advancements in videos, access systems and integrated sensors in IoT-enabled devices can also mean healthy prospects for physical security industry during the review period.

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Some additional growth boosters in the market include the shift from conventional solutions like alarm systems, door locks and badge readers to advanced solutions, such as intrusion prevention, threat management and breach detection among organizations as well as government agencies.

Market Segmentation

The market for physical security has been split into segments like type and industry.

The types of physical security are system and service. System-based market segmentation comprises access control protocols, biometrics systems, locks, video surveillance, physical security information management, security scanning, metal detection, fire & life safety among others. Services available in the market are maintenance & support, designing & consulting and system integration. System-based video surveillance segment can perform well in the coming years, all because of the increasing technological advancements like UHD along with the drop in the cost of equipment.

Out of all the types of services, system integration is anticipated to lead the global market in the near future, backed by factors like the changing perception of people towards security operations, rising demand for affordable physical security hardware, strict regulatory compliance, and the surge in the number of enterprises across the world.

Industry-wise, the main segments are government, IT & telecom, education, transportation & logistics, oil, gas & energy, defense & public sector, retail, hospitality, BFSI, and others.

Regional Insight

The regional outlook of the physical security industry covers Asia Pacific (APAC), Europe, the Americas, and Rest of the World or RoW.

North America is at the vanguard of the global market, apparent from the high adoption of physical security systems in the region. The region’s formidable position is the result of is favorable economic status, strict regulatory standards, and the massive investments being made by enterprises in these solutions. In addition, various public facilities along with transportation systems like seaports, airports, bus stations and railways are working diligently on protecting their infrastructure using security layers, leading to market expansion across the region.

The MRFR study also reveals that APAC can emerge as one of the strongest contenders in the global market. Rampant demand for advanced smart security solutions, especially in India and China coupled with the substantial investments being made by the government bodies in safe city projects, with major focus on traffic monitoring and city surveillance are the top growth inducers in the market. One of the most significant reasons for the rising popularity and demand of physical security systems is the mounting crime rate in the region. It is exceptionally grim in India, Malaysia, Australia and China, boosting the concerns with regard to security. In the face of such a situation, the government across the region is working on promoting the use of physical security systems.

Leading Competitors

Leading competitors in the market for physical security include Cisco Systems, Inc. (U.S.), Pelco (U.S.), Senstar Corporation (Canada), Genetec Inc. (Canada), Honeywell International Inc. (U.S.), Tyco International PLC (Ireland), Anixter International Inc. (U.S.), Bosch Security Systems Inc. (Germany), Stanley Security (U.S.), ADT Corporation (U.S.), to mention a few.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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Smart Card Market Challenges, Size, Growth, Key Vendors, Drivers, Trends and Forecast to 2027

Market Overview

The global smart card market is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report. Smart cards are secure portable storage devices that have microprocessor or memory chip embedded in them. Smart card technology is used in diverse applications and systems requiring smart, secure devices. The market for smart cards is growing on account of its surging usage in various applications such as mobile phones, payment transactions, online authentication devices, and portable medical records cards. From student membership cards to driver's license, smart cards are being increasingly used for a broad spectrum of applications for verifying age, identity, and the associated access rights and benefits.

The government sector is progressively leveraging smart cards to improve efficiency and transparency. Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver's license. Numerous countries have introduced electronic national ID card schemes which are likely to propel the growth of the market over the forecast period. Increasing use of smart cards by the financial payments industry is a key factor contributing to the market growth. Earlier plastic cards were used for transactions, but now smart cards have been made the global standard for credit and debit cards by Europay, Mastercard, Visa since they ensure security.

One of the most important use cases of smart cards is in securing entry points to critical infrastructure facilities such as ports, hospitals, and airports. Moreover, smart cards are extensively used in the corporate sector for physical access control system (PACS) and in logical access cards which also contributes to the growth of the market. On the contrary, the high costs associated with incorporation of smart cards and lack of awareness and hesitation on the part of consumers is likely to restrain the growth of the market. Availability of hybrid smart cards is expected to provide lucrative growth opportunities to the global smart cards market.

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Segmentation

The global smart cards market has been segmented based on type, component, and application. By type, the market has been segmented into contact, contactless, hybrid, and dual-interface. By component, the market has been segmented into hardware, smart cards, readers, software, and services. By application, the market has been segmented into government, healthcare, BFSI, retail, transportation, education, entertainment, and enterprises.

Regional Analysis

The key markets of the global smart cards market include North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is a significant growth pocket for the global smart cards market. The rapid adoption of new technology, the concentration of major players in the region supports the growth of the market. The US Department of Defense uses smart cards in their Common Access Card (CAC) and other cards for two- or three-factor authentication. The Europe market for smart cards is also strong, and the region uses smart cards for various applications. Smart cards are mandated by UK's Department for Transport. Asia Pacific market is driven by the rapid digitization in the region.

Competitive Landscape

The global smart cards market is marked by the presence of various players including BrilliantTS Co. Ltd. (South Korea), PAX Global Technology Ltd. (Hong Kong), Rambus Inc. (the U.S.), STMicroelectronics NV (Switzerland), IDEMIA France SAS (France), VALID (Brazil), KONA I Co., Ltd. (South Korea), Fingerprint Cards AB (Sweden), HID Global Corporation (Sweden), Identiv, Inc. (the U.S.), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), Bitel Co. Ltd. (South Korea), VeriFone Systems, Inc. (the U.S.), NXP Semiconductors N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), Sony Corporation (Japan), ZWIPE (Norway), CardLogix Corporation (the U.S.), Samsung Electronics Co., Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Versasec AB (Sweden), CPI Card Group Inc. (the U.S.), Infineon Technologies AG (Germany), and Gemalto N.V. (Netherlands).

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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Precision Farming market Global Trends, Size, Shares, Strategy, Applications Analysis and Growth by Forecast to 2027

Market Highlights

Precision farming can be very helpful in the management of the crop production with very low damage to environment. By the use of site-specific knowledge, precision farming can be helpful in the division of fertilizer, seed and chemicals for the soil and in the other conditions. Precision farming collects information and knowledge from the field by the deep analysis of the every aspects of farming. A study shows that precision farming can be very helpful in the long-term sustainability of farming and can reduce the environment damage by providing the fertilizers and pesticides only when the crops and soil needs it. Use of precision farming may help in reduction of losses caused by nutrient imbalance, insect damages and many other factors.

An on-farm trial conducted in Argentina provided an example of how on site information and variable rates could be used to maintain the profitability while reducing the many application. Results of this trial also showed that precision farming is a modesty more profitable than the whole field management.

Precision farming method incorporate modern technologies for the fertilizer application along with the land leveling, crop protection, irrigation. Other agronomic techniques are being helpful to the farmers for increasing yields with the lower damage to the environment and low pollution. To reduce the greenhouse gases associated with traditional irrigation system, water harvesting and terrace farming system can be very helpful.

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Whereas some of the factors such as high cost of and lack of technical knowledge about the use of technologies and equipment’s are some of the restraints to the market of precision farming.

The Precision Farming Market is expected to grow at CAGR of 12% and estimated to reach at market size of US ~$7 billion by the end of forecast period.

Taste the market data and market information presented through more than 35 market data tables and 20 figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Precision Farming market Report -Forecast to 2022”.

Key Players

The prominent players identified in the market of Precision Farming are- AGCO Corporation (U.S.), Deere & Company (U.S.), AG Leader Technology (U.S.), AgEagle Aerial Systems (U.S.), Aglytix Inc. (U.S.), AgGateway (U.S.), Precision Planting (U.S.), AgJunction Inc. (U.S.), Agribotix (U.S.), Dickey-John Corporation (U.S.) among others.

Some other players in this market are- Raven Industries, Topcon Positioning Systems, Inc., AquaSpy, Crop Metrics, Farmobile, Granular, IBM Watson among others.

Market Research Future Analysis:

The global market of Precision Farming is dominated by North America. U.S. holds largest market share in North America followed by Canada. The main factor which supports this is presence of key companies in this region which gives North America a competitive advantage over other countries. Also government of North America countries are promoting use of advance technology in the agriculture for low emission of greenhouse gases into environment. North America is also technologically advance country as compare to other countries which also gives a lead. Europe stands as second biggest market for Precision Farming.

Presence of developed nations such U.K. Germany, France and Italy generates most of the revenue in segment of precision farming in Europe. Also, farming culture in Europe is very rich and farmers are adopting new technologies to maximize their yield and profits. Growing application areas of precision farming is leading to wide adoption in the Europe region. Asia-Pacific has emerged as fastest growing market for the precision market. Growing economy of Asian countries such as China and India and high dependency on agriculture are some of the factors which is supporting the adoption of precision farming in Asia-Pacific.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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Smart City Market Trends, Size, Strategy, Applications Analysis and Growth by Forecast to 2027

Market Overview

The smart city market is set to grow at a high CAGR during the forecast period 2020 to 2027. As per the market research report, the market will hit US$1933 billion in terms of valuation by the end of 2027. The market growth will be driven by rapid urbanization across the globe. Based on the research report, solid waste management will accelerate growth in the market till 2027. There will be a negative impact on the global smart city market’s growth during this period. The lack of expertise and proficiencies of users will likely become a threat.

The smart city market report published by expert analysts includes primary and secondary data and suggests that component, application, and region segments are anticipated to witness tremendous growth till 2027. Factors such as efficient mobility & public transport will be major growth factors during the forecast period and the rising demand for robust IT connectivity & digitalization is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by it rejuvenates the economy & heritage which could negatively affect activities taking place across the market. The low demand from developing countries is another challenge the market could face till 2027.

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Market Segmentation

The smart city market is segregated into different market segments based on component, application, and region. For a comprehensive analysis of the market, the component, application, and region segments are further split into smaller segments. The component segment is categorized into hardware, software, and service. Furthermore, based on application, the global market is also segmented into education, government, healthcare, residential, transport, utility, and others. Based on the market segmentation analysis, the report covers market forecasts.

Adequate and reliable water & electricity supply will support the market growth from 2020 to 2027. As per the market research report, the global market for smart cities is anticipated to grow at a healthy rate across all the component, application, and region segments. However, the presence of active threats such as supply and demand gap could affect the market growth. Business activities across urban planning have also been examined and studied by urban planning industry’s experienced analysts. The smart city market report covers findings with predictions and forecasts till 2027.

Regional Overview

The smart city market, with its segments, is present in different parts of the world. urban planning based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Good governance that promotes e-governance & citizen participation is anticipated to be a major factor for growth across the urban planning space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The urban planning sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Urban planning based businesses in these regional markets are anticipated to grow due to the ever-increasing population during the forecast period 2020 to 2027. Concerns regarding high cost as well as the high product and maintenance cost will have a negative impact on the market’s growth. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

Urban planning based organizations are profiled in the market research report. The smart city market along with companies and segments have been studied. The analysis of urban planning based business is also done to identify challenges such as the shortage of professional services and strengths of these companies. The global smart city market research report covers SWOT analysis, Porter’s Five Force analysis of major urban planning related organizations. The strategy and other key details of these companies for the forecast period 2020 to 2027 are covered in the report. The rising industrialization worldwide is anticipated to support the market growth as the market is set to grow at a high CAGR and reach a value of US$1933 billion by 2027.

Industry News

Honeywell has invested in Trinity Mobility Private Ltd., a smart city tech company headquartered in India. According to the two companies, the agreement would allow operators to properly analyze, run, and maintain the city's linked infrastructure. According to the United Nations Department of Economic and Social Affairs, by 2050, 68 percent of the world's people would be living in cities, up from 55 percent currently. The need for smart city solutions is being driven by overcrowding, traffic congestion, security issues, as well as increasing water and utility demand. Sensors, the Internet of Things, encryption, and cloud-based computing that can collect real-time data are all part of this.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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Thursday, September 9, 2021

Video Surveillance Market COVID-19 Analysis, Market Overview, Competitive Landscape and Analysis

Smart Transportation Market Trends, Size, Key Vendors Analysis, Import & Export and Revenue by Forecast 2027

Speech Recognition Market Global Trends, Size, Shares, Strategy, Applications Analysis and Growth by Forecast to 2027

Wednesday, September 8, 2021

Physical Security Market Challenges, Size, Growth, Key Vendors, Drivers, Trends and Forecast to 2027

Smart Card Market Challenges, Size, Growth, Key Vendors, Drivers, Trends and Forecast to 2027

Precision Farming market Global Trends, Size, Shares, Strategy, Applications Analysis and Growth by Forecast to 2027

Smart City Market Trends, Size, Strategy, Applications Analysis and Growth by Forecast to 2027

The Unsung Hero: The Importance of Hydraulic PVC Clamps for Your Systems

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