Smart Cities Market: By Focus Area (Smart Buildings, Smart Citizen Services, Smart Transportation and Smart Utilities), By Smart Transportation (Connected Vehicles, Freight Information System, Passenger Information Management System, Smart Ticketing, Traffic Management System and Others (transport data management, ride-sharing and integrated mobility solutions)), By Smart Buildings Solution (Building Energy Optimization, Emergency Management System and Parking Management System), By Smart Utilities Solution (Advanced Metering Infrastructure, Distribution Management System and Substation Automation) and Geography  

North-America Got Significant Share

Smart Cities Market Regional Analysis

North America accounted for larger revenue share in global smart cities market with considerable CAGR. The growth in this region can be attributed to increasing scarcity of water, inefficient recycling of industrial wastewater for reuse, rapidly increasing population & urbanization, increasing government emphasis for water conservation and reuse are some of the major key factors rising in the awareness of the conservation of water which boosting the market growth. In this region, countries like India are undergoing severe water scarcity thus, the demand for smart cities systems is increasing. In North America, the expansion of the smart cities tank market can also be attributed to the massive oil and gas production activities that require freshwater and also recycle & reuse.