Based on the Solution type  Smart Cities Market is classified into Smart Healthcare, Transportation, Education, Security, Building, and Others

Based on the Solution type Smart Cities Market is classified into Smart Healthcare, Transportation, Education, Security, Building, and Others

DMI segments the Global Smart Cities Market by geography into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa

2021-03-31

Smart Healthcare

The smart healthcare category accounted for 8.02% of the global smart cities market revenue in 2019. The market valued USD XX billion in 2019 and is likely to reach USD XX billion by 2027, growing at a CAGR of XX% during 2020-2027

Smart healthcare is an advanced healthcare system, incorporating several aspects of public healthcare delivery mechanisms, through the use of data-based technologies. The concept evolved as a key integral part of the smart city program owing to its role in maintaining well-being of the citizens

The sole purpose of the process lies in the interconnection of people, materials and institutions related to public healthcare for the active management of the medical ecosystem in the area in an intelligent manner. It uses technologies such as IoT, wearable electronics, cloud computing, artificial intelligence  and big data for effective connectivity, data gathering and analysis

Smart healthcare involves concepts such as telemedicine, remote patient monitoring, first aid alerts, data-based public health interventions, online consultation, and sanitation and hygiene

Electronic Health Records (EHRs) is the major constituent of the smart healthcare industry with extensive use across healthcare delivery systems globally. It helps the physicians in early detection, prevention and treatment of ailments in patients. EHR includes effective data management of patient medical records by means of AI and big data. Patient data include wide range of medical records from consultation letters to prescriptions, laboratory tests, scanning reports and medical bills

Patient-centric treatment models, easy and fast access to healthcare service and improved and extended care are some of the key benefits offered by incorporating these technologies in healthcare ecosystem

The industry is witnessing rapid growth with increasing investments from both public and private healthcare delivery systems. Vera Smart Healthcare proposed a USD 20 million investment in Indian smart healthcare market in November 2020. Named as V-Cube, the project include offering over 20 healthcare services through remote health services, virtual doctor care, home-based tests, nutrition consultation, and medication delivery in various Indian cities

However, data security and patient privacy has been the key concerns under the growth of smart healthcare industry. Cyber threats, unauthorized use of medical data, and data corruption are some of the factors hindering the patient trust towards these technologies

Smart Transportation

Smart transportation refers to the integrated application of technologies and management principles in transportation systems. It includes mobility of public and goods and involves concepts such as intelligent traffic management system, car navigation, automatic toll collection, automatic number plate recognition, container management system, smart parking, and several other safety mechanisms

These systems uses devices such as automatic vehicle identifiers, sensors, and cameras for precise and prompt data collection. The real-time data is pertaining to vehicle, road, or weather is gathered to generate informed decisions. Smart transportation reduces travel time and improves safety and comfort of the commuters

Smart transportation sector valued USD 52.65 billion in 2019 and is estimated to grow at a CAGR of 21.01% to reach USD 223.53 billion by 2027. The growth of the market can be majorly attributable to the increasing number of cities adopting smart transportation technology and rising urbanization

Cities such as Singapore, London, New York, Beijing, Paris, and Seoul are leading in the way of smart transportation market. Beside the advanced economies, intelligent traffic management is also gaining interest from developing countries, that are confronted with immediate need to improve road traffic management in cities

Intelligent traffic management system evolved as the most lucrative segment of the global smart transportation market. The segment is expected to witness a CAGR of 21.33% during the forecast period, owing to its role in management of vehicles in busy cities. 

Increasing traffic congestion issues in metropolitan and cosmopolitan cities is driving the growth of smart transportation market across the globe. According to INRIX, a leading connected car analytics company, the estimated cost of traffic congestion in the U.S., U.K. and Germany together amounted to USD 461 billion in 2017

Also, the global population is rising to reach 9.8 billion by 2050 and 68% of this is likely to live in urban areas, thereby increasing the need for effective transportation networks. Several cities in Asia Pacific region are rapidly growing in urban population and are lacking in mass transit systems. This is providing significant growth potential for companies offering intelligent transport systems

The market is likely to witness huge investments in near future with rising awareness towards the role of smart transportation in Also, the market has witnessed large number of startups in recent times. Companies such as Inrix, Remix, Waycare, and Miovision Technologies are some of the key companies offering traffic data collection and analyzing solutions. The rise of autonomous cars is leading to new growth avenues in the global smart transportation market.

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com

Found it interesting?

Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866

We have 5000+ marketing reports and serve across 130+ countries

Tags:

#smart cities market, #smart cities market, #smart cities market size, #smart cities market share, #smart cities market trends, #smart cities market value, #smart cities market growth, #smart cities market demand, #smart cities market industry forecast, #smart cities market outlook, #smart cities market analysis, #smart cities market applications, #smart cities market companies, #datamintelligence