Global Smart Cities Market by Component(Hardware,Software) by Application (Smart Governance, Smart Utility, Smart Infrastructure, Smart Healthcare, Smart Security & Threat, Smart Education, Smart Building) size and forecast 2014-2024.

  • Published Date: June 2018
  • Report ID: BWC1801
  • Available Format: PDF
  • Page: 210

1.     Research Methodology

Smart Cities
Source: BlueWeave Consulting Analysis

2.     Regional Split of Primary & Secondary Research

Smart Cities RM
Source: BlueWeave Consulting Analysis

3.    Secondary Research

The research process began with obtaining historical market sizes of the entire smart cities market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.

The next step involved the study of present market environment that is influencing the Smart cities market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.

4.   Primary Research

Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global smart cities market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.

In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.

4.1    Breakdown of Primary Research Respondents, By Region

Smart Cities
Source: BlueWeave Consulting Analysis

4.2    Breakdown of Primary Research Respondents, By Industry Participants

Smart Cities
Source: BlueWeave Consulting Analysis

5.    Market Size Estimation

Top-down approach has been followed to obtain the market size by region, and by country. Bottom-Up approach has been followed to obtain market size by component and by application. An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.

6.  Assumptions for the Study

  • The macro-economic factors would remain same during the forecast period.
  • The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.

7.  Market Breakdown & Data Triangulation

Fig: 1  Data Triangulation

Smart Cities RM
Source: BlueWeave Consulting Analysis