Report Ocean’s goal is to merge comprehensive industry insights with top-notch research methodologies to help clients conquer future business challenges and attain their goals. The Japan emerging technologies in smart cities market held a market value of USD 8,980.5 Million in 2020 and is forecasted to reach USD 22,750.0 Million by the year 2027, growing at a CAGR of 14.7%. Emerging technologies are used for the development and building of smart cities, driven by the need for public safety & communication infrastructure and increasing government initiatives & PPP models. However, privacy and security concerns over IoT and huge initial investments are expected to hamper market growth. Key players in the market include ABB Ltd., Accenture Plc, Alphabet Inc., AT&T, Cisco Systems Inc., Ericsson, Foxconn Electronics Inc., Fujitsu Ltd., Hitachi, General Electric Company, Honeywell, IBM Corporation, Huawei Technologies, INTEL Corporation, LG Electronics Inc., Microsoft Corp., Oracle Corp., Qualcomm Technologies Inc., Schneider Electric SE, Siemens AG, and Toshiba Corporation.
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