What is Smart City Business Analytics Software Market Scope?
Smart city business analytics software offers assistance with configuring, managing, and monitoring the internet of things (IoT) devices used in city infrastructure. Smart technology allows city planners and government officials to optimize resource usage, improve resident safety and quality of life, and automate certain routine processes while generating valuable data across the covered area. The growing development of smart cities across the globe has projected the growth of the global smart city business analytics software market in the forecast period.
The Smart City Business Analytics Software market study is being classified, by Application (Public Safety, Smart Transportation, Economic Development, Customer Service, Infrastructure Management, Government Administration, Smart Energy and Utilities and Citizen Engagement) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Smart City Business Analytics Software market throughout the predicted period.
Microsoft (United States), SAP SE (Germany), IBM (United States), Oracle (United States), SAS Institute (United States), Salesforce (United States), Intel Corporation (United States) and Tableau (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Smart City Business Analytics Software market by Type, Application and Region.
On the basis of geography, the market of Smart City Business Analytics Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In October 2019, Intel acquired the Smart Edge intelligent-edge platform business from Pivot Technology Solutions Inc. Smart Edge is a cloud-native, scalable, and secure platform for Multi-access Edge Computing (MEC). The acquisition enhanced Intel’s 5G and edge computing capacities significantly.
In April 2019, IBM collaborated with Sund & Bælt, which owns and operates some of the largest infrastructures in the world, to develop an AI-powered IoT solution to help clients manage and monitor bridges, tunnels, highways, and railways.
Influencing Market Trend
- Increasing Adoption of IoT Technology for Infrastructure Management and City Monitoring
- Exponentially Rising Urban Population Actuating Smart Management
- Inefficient Utilization of Resources in Developing Countries
- Industrial and Commercial Deployments of Smart City Platforms
- Increasing in Smart City Initiatives Worldwide
- Complicated and Costly Infrastructure of Smart City Platforms
- Increase in Cybersecurity Attacks with Proliferation of IoT Devices
Key Target AudienceSmart City Business Analytics Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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