Research Nester’s recent market research analysis on“Indonesia Smart Cities Market: Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitors analysis and a detailed overview of the Indonesia smart cities market in terms of market segmentation by functional area, and by end user.
Rising Government Support for Smart Cities to Drive Growth of Indonesia Smart Cities Market
The Indonesia smart cities market is estimated to grow majorly on account of the increasing initiatives taken by the government to boost the technology and other services to make Indonesia cities smart. The sixth iteration of the Indonesia International Smart City Expo & Forum (IISMEX), scheduled for July 5–7, 2023, is one that the Ministry of Home Affairs of the Republic of Indonesia hopes to promote. It serves to meet the informational and business needs of providers of smart city solutions. It is one of the largest annual technology, ICT, and IOT exhibitions and forums in Indonesia.
Access our detailed report at: https://www.researchnester.com/reports/indonesia-smart-cities-market/4711
Lack of sufficient funds for spreading the technology network, rising concerns associated with IoT connectivity & smart devices, and lack of infrastructure are some of the major factors anticipated to hamper the growth of the Indonesia smart cities market.
By functional area, the Indonesia smart cities market is segmented into smart transportation, smart citizen services, smart building, smart utilities, and others. The smart citizen services segment is to garner a highest revenue of USD 89,441.7 Million by the end of 2033. The segment generated a revenue of USD 9,796.2 million in 2022. However, it is expected to grow at a CAGR of 22.6% over the forecast period. The segment is anticipated to grow on the back of rising efforts put by government to expand the smart education and higher adoption of technology in healthcare sector.
This report also provides the existing competitive scenario of some of the key players of the Indonesia smart cities market which includes company profiling of Honeywell International Inc., General Elect, IBM Corporation, Siemens AG, Schneider Electric., Oracle Corporation, Microsoft Corporation, Huawei Technologies Co. Ltd., and Cisco Systems Inc.
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