Smart City Technologies North American Market: USA to Continue to Hold the Largest Market Share During the Forecast Period


Published on : Dec 12, 2018

Albany, New York, December 12, 2018:The North American smart city market is expected to expand at an exceptional CAGR of 16.3% during the 2018-2023 period. The United States is estimated to continue to hold the biggest share in the North American market followed by Canada and Mexico. The aforementioned insights along with other invaluable information about the market have been compiled in the report titled “Smart City Technologies: North American IT Markets” which has been recently added to Market Research Hub’s (MRH) comprehensive repository.

The three basic factors that drive the demand for smart city technologies in the North American market are economic development, increasing environmental pollution, and sustainability. Further, smart city technologies provide for enhanced communication and safety to the residents. The sustainable growth along with added benefits are the key factors that are driving the smart technologies market in the North American continent.

Smart City Technologies North American Market: Scope of the Report

The smart city technologies market report for North America provides an accurate and credible forecast of the market. The forecast determined in the report is a result of comprehensive analysis of past and present data. Factors that influence the future growth prospects in the market have been brought to the fore in the report. The smart technologies North American market report provides readers with actionable insights about the market that can be leveraged to identify lucrative opportunities.

The smart city technologies North American market report helps readers familiarize with the new and upcoming evolutions in the field of information technology and communications that have been triggered due to an increasing demand for smart city applications. Additionally, the smart city technologies North American market report helps readers gain a unified understanding of the market and enlists all the major smart city applications and the potential grown prospects in each category.

Smart City Technologies North American Market: Competitive Landscape Assessment

The smart city technologies North American Market report is categorized into different sections on the basis of countries, applications, and technologies. Each of the categories provides a detailed account of growth opportunities, current trends, and the revenue share each individual category under the section holds. On the basis of smart city technologies, the report reviews four different categories namely communications, hardware, sensors, and software. Another major classification presented in the report that holds a huge influence on the smart technology market is the applications category. On the basis of applications, the report provides a detailed account of energy management, water management, transportation management, assisted living, e-governance, and waste management.

The smart city technologies North American market report highlights the key market players that currently reign the market. Individual profiles of the major companies emphasize the enterprise’s market presence, product portfolio, market share, and notable developments. The valuable insights presented in the report help readers identify the best market practices and align their strategies to resonate with the current market trends.

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