Worldwide Smart Cities Industry to 2026 - Key Players Include ABB, Cisco Systems and Alphabet Among Others
ABB Ltd (ABB)
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Source: PR Newswire
DUBLIN, June 10, 2021 /PRNewswire/ -- The "Smart Cities Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global smart cities market exhibited strong growth during 2015-2020. A smart city refers to a framework that utilizes information and communication technology (ICT) to deploy, develop and promote sustainable development in urban areas. It also helps in sharing information with the public, improving operational efficiency and increasing the quality of citizen welfare. A smart city relies on both hardware components, such as chips, sensors and actuators, and software solutions like user interfaces (UIs), communication networks and the Internet of Things (IoT) devices to promote mixed-land use for unplanned areas, which offers a wide range of facilities at one location and aids in the optimum utilization of the available space. The data collected from these solutions is analyzed to
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