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Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings

The Malaysia smart cities market is estimated to garner a revenue of USD 118.69 Billion by the end of 2030, by growing at a CAGR of 24.12% over the forecast period, i.e., 2021 u2013 2030. Moreover, in the year 2020, the market in the country registered a revenue of USD 15.05 Billion. The growth of the market can primarily be attributed to the rising urbanization in the nation, which is driving the need amongst the government to address the various issues of traffic congestion, overcrowding, shortage of affordable housing, and environmental degradation among others.

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Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings

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  1. Malaysia Smart Cities Market to Grow on Account of Increasing Urbanization in the Nation; Market to Grow with a CAGR of 24.12% During 2021-2030 Kenneth Research has released a report titled “Malaysia Smart Cities Market: Demand Analysis & Opportunity Outlook 2030”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. In one of the statistics by the World Bank, the urban population in Malaysia touched 24973604 in the year 2020, up from 20002877 in the year 2010. Moreover, during the same period, the urban population as a share of the total population in the nation, grew from 70.912% to 77.16%. Download Sample Reports from Here - https://www.kennethresearch.com/sample-request-10352349 The statistics portray the growing urbanization in Malaysia, which is driving the need amongst the government of the nation to address the several social- economic issues associated with urbanization, such as overcrowding, traffic congestion, shortage of affordable housing, and environmental degradation among others. Smart city infrastructure helps in addressing these issues as the infrastructure model consists of several components that focus on smart economy, living, environment, people, government, mobility, and smart

  2. digital infrastructure. Such a factor is therefore anticipated to drive the growth of the Malaysia smart cities market in the coming years. The Malaysia smart cities market is anticipated to grow with a CAGR of 24.12% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 118.69 Billion by the end of 2030. Additionally, in the year 2020, the market in the nation generated a revenue of USD 15.05 Billion. The market is segmented by functional area into smart transportation, smart citizen services, smart building, smart utilities, and others. The smart citizen services segment, amongst all the other segments, is anticipated to garner the largest revenue of USD 53.17 Billion by the end of 2030, up from a revenue of USD 5.66 Billion in the year 2020. However, the rising concern for cybercrimes and the high cost of implementation of smart city projects are some of the major factors predicted to hinder the growth of the market in the coming years. This report also provides the existing competitive scenario of some of the key players of the Malaysia smart cities market, which includes company profiling of General Electric, Schneider Electric, IBM Corporation, ABB Ltd., Cisco Systems Inc., Siemens AG, Microsoft Corporation, Huawei Technologies Co., Ltd., NEC Corporation, Honeywell International Inc., and others.

  3. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Malaysia Smart Cities Market: Demand Analysis & Opportunity Outlook 2030”, analyses the overall Malaysia smart cities industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Malaysia smart cities market in the near future. Request Sample Reports from Here - https://www.kennethresearch.com/sample-request-10352349 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609

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