Portugal Pioneers Innovative Growth in the Smart Cities Arena with Significant Market Expansion Forecasted Through 2030 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Portugal Smart Cities Market 2024-2030 Segmentation, Analysis, Growth, Share, Industry, Revenue, Companies, Size, Outlook, Trends, Forecast & Value: Market Forecast By Components, By Application And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Portugal’s Smart Cities Commitment to Digital and Green Transformation

Portugal’s commitment to a digital and environmentally sustainable future is exemplified by the substantial growth forecasted for its Smart Cities Market, according to the latest market analysis. With a strong emphasis on innovation, digitalization, and sustainability, the nation has earmarked considerable funds aimed at enhancing digital public services and facilitating a green transition.

Market Growth Driven by Digitalization Initiatives and Green Policies

The market size is projected to surge at a compound annual growth rate (CAGR) of 10.8% during the period from 2024 to 2030. This growth trajectory is supported by significant regional funding for digital transformation and environmental sustainability, demonstrating Portugal's proactive approach to building intelligent urban ecosystems.

Sectoral Development Underpinning Smart City Advancements

The country has seen a notable increase in activity within the Transport and Storage sector, including a rise in the number of companies and a remarkable leap in turnover. These developments bolster the demand for smart mobility solutions, including advanced urban transportation innovations.

Investments in Practical Smart Solutions

Key investments in hardware such as sensors and IoT devices, and applications like Smart Mobility, are driving the upward trend of the market, showcasing the nation's focus on crafting sustainable and efficient urban environments.

Significant Contributions to Smart Urban Development

Important achievements, such as the significant expansion of electric vehicle charging points and the proliferation of bike-sharing stations, reflect Portugal's dedication to enhancing the operational efficiency of smart cities. These endeavours contribute to the rising demand for smart city solutions that offer convenience and boost service quality.

Comprehensive Market Analysis and Forecast Insights

The market analysis provides in-depth insights into the current trends, forecast data, and the potential opportunities within Portugal's Smart Cities landscape. It also delivers a PESTEL analysis and a review of key performance indicators, together with an assessment of the competitive environment.

Portugal’s strategic investments, focused on leveraging smart technologies and exploring sustainable growth paths, position it as a leading player in the global Smart Cities movement. This not only sets a benchmark for urban development but also creates a resilient blueprint for future-centric urban living.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Components

• Hardware
• Software
• Services

By Application

• Smart Governance
• Smart Digital Infrastructure
• Smart Mobility
• Smart Environment
• Smart Living
• Smart People
• Smart Economy

Companies Featured

• EDP (Energias de Portugal)
• Indra
• IBM
• Cisco Systems Inc.
• Siemens S.A
• Oracle Corporation
• Ubiwhere
• CEiiA
• Critical Software
• NOS
• GALP - Petróleos e Gás de Portugal, SGPS, S.A.
• NEC Portugal - Telecomunicações e Sistemas, S.A.

For more information about this report visit https://www.researchandmarkets.com/r/fva3td

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