LONDON, July 21, 2022 (GLOBE NEWSWIRE) — The “Smart Cities – Thematic Research” report offered by GlobalData Plc provides an overview of the smart cities theme and identifies the key trends impacting the growth of the theme over the next 12 to 24 months. The report also includes a comprehensive industry analysis, including forecasts for global smart city spending to 2025. Moreover, it contains details of M&A deals driven by the smart cities theme, and a timeline highlighting milestones in the development of smart cities.
According to the thematic intelligence report published by GlobalData, the smart cities market size was valued at $221.1 billion in 2019 and is expected to grow at a CAGR of more than 11% by 2025. Increased urbanization is already causing infrastructure headaches for cities, which will only worsen. These challenges are driving the creation of smart cities.
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Smart Cities Mergers and Acquisitions
Smart grid and smart transportation have seen the most significant M&A activity. Two of the biggest acquisitions, Veolia’s purchase of Suez and Emerson Electric’s acquisition of OSI, are centered around smart grids and water. They arguably reflect the importance of the smart metering market and its potential for steady growth. The growing importance of water infrastructure can also be seen in the acquisitions of Irrisoft and S-Group Solutions.
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