Global Smart Cities Engineering and Construction (E&C) Services Market, By Project (Buildings, Others), By Application (IoT, Housing, Others), By City Topography (Developed, Emerging), By Service Type, By Solution, Estimation & Forecast, 2017 – 2030, The ‘ Smart Cities Engineering and Construction (E&C) Services market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Smart Cities Engineering and Construction (E&C) Services market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Cities Engineering and Construction (E&C) Services market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
Download Free Sample Copy of ‘Smart Cities Engineering and Construction (E&C) Services market’ Report @
https://reportocean.com/industry-verticals/sample-request?report_id=ARS126
The global smart cities engineering and construction (E&C) services market held a market value of USD 106.64 Billion in 2020 and is forecasted to reach USD 453.07 Billion by the year 2030. The market is anticipated to grow at a CAGR of 16.5% during the projected period.
Smart cities engineering and construction (E&C) services are used for the development and building of smart cities. The market is majorly driven by the increasing adoption of connected and smart technologies in smart cities, favorable government initiatives promoting smart cities, and increasing digitization in public safety and transportation. However, security concerns associated with smart cities are expected to negatively hamper market growth. Furthermore, high costs associated with these services are also anticipated to hamper market growth.
Increasing digitization in public safety and transportation
The increasing use of digitization tools in transportation, as well as public safety services, is estimated to boost the market growth. Smart sensors are used for improving the traffic flow as well as to improve transport efficiency. By using smart cities’ E&C services, there can be improved efficiency as well as sustainable gains from digital innovations. These innovations can offer new ways for delivering public services and also optimize the use of idle or surplus resources. Furthermore, the tourism sector in these cities can benefit from improved dissemination management, such as seamless transport. Also, smart grids can be connected to the transport system and home devices for managing energy supply and demand more efficiently. Therefore, increasing digitization in public safety and transportation is expected to boost market growth.
Rising number of government initiatives promoting smart cities
Various government initiatives along with public-private partnerships are boosting market growth. For instance, China has various smart city initiatives which are combining metering devices, embedded sensors, and other such monitoring technologies with artificial intelligence analysis and big data processing for assisting in managing the public spaces as well as the cities. As of 2020, the country has about 800 smart cities pilot programs in planning or processes. This is about half of the total smart cities across the globe. Such initiatives are anticipated to boost the market growth over the forecast period.
The global smart cities engineering and construction (E&C) services market is segmented into technology, component, application, and deployment.
The ICT consulting segment accounted for the largest share as well as is expected to grow at the fastest CAGR of 18% owing to the rising demand for ICT consulting services in the smart cities market. Furthermore, the end-to-end services segment is anticipated to hold the second-largest market share.
The infrastructure segment accounted for the largest share owing to the rapidly growing construction industry globally. The software segment is estimated to foresee the highest growth rate during the forecast period.
o Residential & Commercial Complexes
o Recreation & Training Centers
o Townships & Port Cities
o Aerospace & Defense Manufacturing
The urban development segment is expected to lead the market with over 44% of the share owing to the rising development of smart city projects in the urban areas. The buildings segment is expected to grow at the fastest rate during the forecast period.
The smart grid segment accounted for the largest market share owing to the rising demand for smart cities’ E&C services for this application. The IoT segment is estimated to grow at the fastest rate over the projected period.
The developed economies segment accounted for the largest market share owing to the favorable government initiatives in these economies. The emerging economies segment is likely to witness the fastest CAGR of 18%.
On a regional basis, the global Smart cities engineering and construction (E&C) services market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.
The Asia Pacific region holds the largest market share of more than 34% as well as is expected to grow at the fastest growth rate owing to rising focus on the development of digital infrastructure and presence of fast-developing economies, such as India and China, where their governments are investing heavily to develop smart cities, which is also fuelling the engineering and construction (E&C) services.
The North American region accounted for the second-largest market share owing to the well-developed ICT infrastructure and the presence of prominent technology vendors. The presence of various international councils in the region is also anticipated to drive market growth.
Key players operating in the global Smart cities engineering and construction (E&C) services market include Engineering Consulting Firms, AECOM, Arup, Bleak & Veatch Singapore, Buro Happold, Daxue consulting – China, Gaia Smart Cities Solutions Pvt. Ltd, Incheon smart city corporation – Korea, McKinsey, Meinhardt Group, Mott MacDonald, PWC, Surbana Jurong Private Limited – Singapore, Tata Consulting Engineers, TuV, WSP Global Inc, Accenture, IBM, Microsoft, Cisco, Honeywell International, Inc., and other Telecom & IT companies and Ecosystem Players.
The approximate market share of the nine major players is near about 52%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in March 2021, Aecom signed a USD 2 billion contract with the U.S. Air Force Civil Engineer Center for delivering planning, design, and construction management services to the center.
The global Smart cities engineering and construction (E&C) services market report provides insights on the below pointers:
The global Smart cities engineering and construction (E&C) services market report answers questions such as:
Key Segments Studied in the Global Smart Cities Engineering and Construction (E&C) Services Market
• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2020, 2021, till 2025
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
(Check Our Exclusive Offer: Ask for Discount to our Representative)
https://reportocean.com/industry-verticals/sample-request?report_id=ARS126
Changing Forecasts in a Time of Crisis: explores key issues, including:
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
Ask Our Expert for Complete Report@:
https://reportocean.com/industry-verticals/sample-request?report_id=ARS126
Key Points Covered in Smart Cities Engineering and Construction (E&C) Services Market Report:
Chapter 1, to describe Definition, Specifications and Classification of Global Smart Cities Engineering and Construction (E&C) Services, Applications of , Market Segment by Regions; Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure; Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of , Capacity and Commercial Production Date, Manufacturing Plants Distribution, Export & Import, R&D Status and Technology Source, Raw Materials Sources Analysis; Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment); Chapter 5 and 6, to show the Regional Market Analysis that includes United States, EU, Japan, China, India & Southeast Asia, Segment Market Analysis (by Type); Chapter 7 and 8, to explore the Market Analysis by Application Major Manufacturers Analysis; Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type, Market Trend by Application; Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis; Chapter 11, to analyze the Consumers Analysis of Global Smart Cities Engineering and Construction (E&C) Services by region, type and application; Chapter 12, to describe Smart Cities Engineering and Construction (E&C) Services Research Findings and Conclusion, Appendix, methodology and data source; Chapter 13, 14 and 15, to describe Smart Cities Engineering and Construction (E&C) Services sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
Browse Premium Research Report with Tables and Figures at @ https://reportocean.com/industry-verticals/sample-request?report_id=ARS126
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Website: https://www.reportocean.com/