Dublin, April 20, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Smart Cities IT Services Market 2015-2019" report to their offering.

This research report indicate that, by 2020, 50 billion internet connected devices will exist globally. However, this technology also brings concerns regarding data security and privacy.

As more and more numbers of devices get connected, the information collected through these devices are will also become more vulnerable to cyber-attacks. The massive scale of information that is likely to be collected on devices and a cloud aggregator platform invokes issues associated with data theft and misuse. The development of smart cities requires assured funding from governments. The development of appropriate financial models continues to impact this market.

Cloud-based services have gained huge traction among authorities and city planners. In the cloud approach, providers outside city government deliver a technology platform for gathering and mining data. In the cloud platform, city applications are produced over the public Internet or virtual private network (VPN) and enhance the scalability.

According to the report, quality government services are a vital part of providing good quality life standards to the citizens of a city. With the increasing aging populations in some countries, the quality of life is of significant importance. The smart city concept offers the provision of improving the quality of life and leads to the sustainable development of a country.

Further, the report states that uncertain ROI and lack of standard financial models inhibits the growth of the market.

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

Companies Profiled:

  • Accenture
  • IBM
  • CISCO
  • Ericsson
  • Oracle
  • Alstom
  • Arup
  • Hitachi
  • HP
  • Huawei
  • Infosys
  • Lockheed Martin
  • NTT Data
  • Microsoft
  • Siemens
  • Wipro

For more information visit http://www.researchandmarkets.com/research/22z2cd/global_smart

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Sector: Computing Services, Internet of Things and M2M