Big Data Market in Smarter Cities: Forecast (2017-2022)

LONDON, Nov. 20, 2017 /PRNewswire/ -- Big Data can be best defined as the capture, storage, search and analysis of large and complex data sets which are generally difficult to be processed or handled by traditional data processing systems. Smart city corresponds to the integration of Information and Communication Technology (ICT) and Internet of Things (IoT) in a secure fashion to manage the cities assets such as schools, hospitals, power plants, waste management among others.

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Smart cities utilize several technologies to improve the performance of health, transportation, energy, education among others in order to provide higher levels of comfort of their citizens. One such technology that has a huge potential to enhance smart city services is big data analytics, it plays a key role in making cities smarter.

The report big data market in smarter cities is segmented into 4 verticals: By data generators, by type, by data type, by application. Data generators refer to the sensors, recorders, consumer electronic goods and few others which act as data sources.

Regarding type report is classified into infrastructure, software & services. The three different data types mentioned in the report include structured, un structured and semi structured data types. By application report is segmented into city planning & Operations, public safety, IoT, Transport & CO2 emission and others. Moreover report is segregated based on geographic regions that include Americas, Europe, APAC and RoW to provide intense knowledge about the market

Government regulations to deploy big data analysis in smart home concept in order improve the living standards of people, enhanced technologies in smart traffic to manage the traffic efficiently among others acts as key growth drivers of big data market in smarter cities.

North America holds major share for big data market in smarter cities owing to major smart cities in this region and is witnessed to be the leading market during the forecast period 2017-2023 as many of the cities in this region coming forward to become smarter. Asia Pacific is the fastest growing segment during the forecast period due to the extensive growth of smart city momentum in developing countries like china, India, Korea in this region.