Global big data market in smarter cities was valued at USD 211.36 million in 2021 and is expected to reach USD 1777.90 million by 2029, registering a CAGR of 30.50% during the forecast period of 2022-2029.
A large scale Global Big Data Market research report is prepared by conducting a systematic, objective and exhaustive study of the details related to several subjects in the field of marketing. Not to mention, various steps for gathering, analysing and recording the data and information have been utilized for generating the report. This market report truly analyses the potential of the market with respect to current scenario and the future prospects by taking into consideration numerous industry aspects. The market drivers and restraints have been explained here using SWOT analysis. Businesses can confidently refer this top-quality Global Big Data Market report to accomplish an absolute success.
The market analysis included in the Global Big Data Market report gives an assessment of various segments that are relied upon to witness the quickest development amid the approximated forecast frame. The numerical and statistical data has been denoted in the graphical format for a clear understanding of facts and figures. It not only identifies emerging trends along with major drivers, challenges and opportunities in the market but also analyses them efficiently. Global Big Data Market report contains historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry.
Global Big Data Market in Smarter Cities Scope and Market Size
The big data market in smarter cities is segmented on the basis of data generators, technology, deployment, application, programming model and analytical tool. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Data Generators
· Sensors
· Actuators
· Digital Signage
· Cameras
· Others
Technology
· Network Technology
· Storage
Deployment
· On Cloud
· On Premise
· Hybrid
Programming Model
· Parallel Algorithm
· Distributed Algorithm
Analytical Tool
· Hadoop
· NoSQL
Application
· Smart Governance
· Smart Energy
· Smart Building
· Smart Mobility
· Smart Infrastructure
· Others
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Some of the key questions answered in this report:
· How has the Global Big Data Market in Smarter Cities performed so far and how will it perform in the coming years?
· What has been the impact of COVID-19 on the Global Big Data Market in Smarter Cities?
· What are the key regional markets?
· What is the breakup of the market based on the procedure?
· What is the breakup of the market based on the injury location?
· What is the breakup of the market based on the end user?
· What are the various stages in the value chain of the industry?
· What are the key driving factors and challenges in the industry?
· What is the structure of the Global Big Data Market in Smarter Cities and who are the key players?
· What is the degree of competition in the industry?
Market Analysis and Insights: Global Big Data Market in Smarter Cities
· Smart cities have adopted smart governance, smart energy, smart buildings, smart mobility, smart infrastructure, smart technology, smart healthcare, and smart citizen solutions and technologies. Big Data makes it easier to develop smart cities by providing useful insights from vast amounts of data gathered from diverse data producers.
· The increased use of big data analytics by governments to improve smart cities and people's quality of life is what is driving the market for big data in smarter cities. The Internet of Things (IoT) and big data analytics are combined to make cities smarter and more sensible. Smart cities include both the essentials and cutting-edge technology for comfortable and high-quality living. Big Data makes it easier to develop smart cities by providing useful insights from vast amounts of data gathered from diverse data producers. As a result, the big data market in smarter cities will further propel over the forecast period.
· This big data market in smarter cities report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
COVID-19 Impact on Big Data Market in Smarter Cities
· The big data market in smarter cities was immensely impacted by the outbreak of COVID-19 as the governments and local authorities have enacted strict lockdowns, movement restrictions, and the closure of neighborhood brick and mortar stores. The lockout had an impact on financial flow for the businesses, which had an impact on investments in smart cities. The whole world's attention was directed toward containing the rising virus, resulting in the big data market in smarter cities suffering. Also, the shortage of workers has impacted the ability of the government and other stakeholders to fulfil the requirements of intelligent city planning and initiatives. Additionally, the pandemic seriously affected the global manufacturing and healthcare industries.
· However, several organizations have tried integrating cutting-edge technology like AI and IoT in order to address the issues caused by the pandemic. Digital city adoption is expected to be aided by the use of e-health and e-government services, as well as by emerging trends like remote employment, online education, and use of technology in common people's daily lives. With the start of vaccination campaigns and the restart of markets and trading near the end of the year, the market appeared to be recovering; however, the terrible second wave of the pandemic put an end to this. It may take some time before the global smart city market recovers to its pre-pandemic levels because of the ongoing semiconductor shortage, the energy crisis, and the Omicron-variant coronavirus appearance.
Global Big Data Market in Smarter Cities Country Level Analysis
The countries covered in the big data market in smarter cities report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Global Big Data Market in Smarter Cities Share Analysis
The big data market in smarter cities competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to big data market in smarter cities.
Key player Global Big Data Market in Smarter Cities
· Cisco Systems, Inc. (U.S.)
· IBM (U.S.)
· Siemens (Germany)
· Microsoft (U.S.)
· Hitachi Ltd. (Japan)
· Schneider Electric (France)
· Huawei Technologies Co., Ltd (China)
· Intel Corporation (U.S.)
· NEC Corporation (Japan)
· ABB (Switzerland)
· Telefonaktiebolaget LM Ericsson (Sweden)
· Itron Inc., (U.S.)
· Oracle (U.S.)
· Fujitsu (Japan)
· Honeywell International Inc.,(U.S.)
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Big Data Market in Smarter Cities Share by Product & Procedure type
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