PORTLAND, Ore., April 12, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Saudi Arabia Smart Cities Market by Functional Area (Smart Infrastructure, Smart Governance & Smart Education, Smart Energy. Smart Mobility, Smart Healthcare, Smart Buildings, and Others): Saudi Arabia Opportunity Analysis and Industry Forecast, 2020–2027". As per the report, the Saudi Arabia smart cities industry was pegged at $3.55 billion in 2019, and is projected to reach $14.74 billion by 2027, growing at a CAGR of 19.6% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in efforts to minimize oil dependency, proactive smart city initiatives, and surge in investments by government have boosted the growth of the Saudi Arabia smart cities market. However, data security & private concerns with smart cities hinder the market growth. On the contrary, the environmental friendliness of smart cities and technological advancements in IoT and cloud technologies are expected to open lucrative opportunities for the market players in the future.
Download Report Sample (150 Pages PDF with Insights) @
https://www.alliedmarketresearch.com/request-sample/10612
Covid-19 scenario:
- Although the Covid-19 pandemic has severely affected major industrial sectors, the smart cities market witnessed revenue growth during the period. The rise in requirements from the healthcare and transportation systems has increased the demand for smart cities.
- Moreover, there is a high demand for healthcare systems that need minimal human contact due to prolonged lockdown.
Get detailed COVID-19 impact analysis on the Saudi Arabia smart cities market:
https://www.alliedmarketresearch.com/request-for-customization/10612
The smart infrastructure segment dominated the market
By functional area, the smart infrastructure segment held the lion's share in 2019, accounting for nearly one-fifth of the Saudi Arabia smart cities market. This is due to the benefits of smart infrastructure such as continuous connectivity of physical objects with the internet and rapid urbanization. However, the smart energy segment is estimated to manifest the highest CAGR of 22.6% during the forecast period, owing to rise in challenges of electrical systems such as aging infrastructure and growth in the number of variable renewable energy sources and electric vehicles.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/10612
Major market players
- AT&T, Inc.
- Ericsson
- Cisco Systems Inc.
- Hitachi Ltd.
- General Electric
- IBM Corporation
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Microsoft Corporation
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
hthttps://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports:
Smart Cities Market Expected to Reach $2,402,123 Million by 2025
Smart Highway Market Expected to Reach $92.38 Billion by 2026
Smart grid Market Is Expected to Reach $169.18 Billion By 2025
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
SOURCE Allied Market Research
"smart" - Google News
April 12, 2021 at 03:30PM
https://ift.tt/3g4BdcD
Saudi Arabia Smart Cities Market to Garner $14.74 Bn by 2027 at 19.6% CAGR: Allied Market Research - PRNewswire
"smart" - Google News
https://ift.tt/2P2kUhG
https://ift.tt/3febf3M
Bagikan Berita Ini
0 Response to "Saudi Arabia Smart Cities Market to Garner $14.74 Bn by 2027 at 19.6% CAGR: Allied Market Research - PRNewswire"
Post a Comment