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Smart Poles Market Insights Ready to Pack Big Investors by 2027

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The rollout of smart city projects in different parts of the world also bodes well for the growth of the market.

PORTLAND, PORTLAND, OR, UNITED STATE, December 7, 2021 /EINPresswire.com/ -- Smart poles market are rapidly being adopted under ‘smart city’ initiative in developing nations. In addition, governments of developed countries are focused on improvising experience of people while they are in public places by offering web connectivity on streets.

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These initiatives by governments for smart solutions drives growth of the smart pole market. In addition, smart poles are equipped with smart sensors and video cameras helpful for decreasing overcrowding and traffic, which lets vehicle drivers to drive safely on roads. Rise in fondness for cab services amongst customers continues to raise demand for internet use for tracking directions.

This advantage of reduction in traffic jams and accidents prevention also drives demand for smart pole solutions. However, higher investments in smart poles as compared to traditional poles hinder the market growth. On the other hand, use of IoT technologies in smart poles are expected to be opportunistic for the market.

Major players analyzed include Philips Lighting Holding B.V., Eaton Corporation PLC, Syska LED Lights Private Limited, General Electric Company, Hubbell Incorporated, Cree, Inc., Acuity Brands, Inc., Mobile Pro Systems, Streetscape International LLC, and SA Lumca, Inc.

Prime Benefits from this Research Report:

• This study presents the analytical depiction of the global smart pole industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global smart pole market share.

• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart pole market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

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