Smart Technologies and Infrastructure for Energy, Water, Transportation, Buildings, and Government: Business Drivers, City and Supplier Profiles, Market Analysis, and Forecasts.
City leaders all over the world have embraced the smart city concept with enthusiasm. They are heralding innovative projects and laying out a vision for how cities can use technology to meet sustainability goals, boost local economies, and improve services. This commitment to changing how cities operate is driving the continued interest in smart cities. Moreover, the smart city concept is evolving as more cities set out their own agenda and a growing range of suppliers deliver solutions to meet their emerging needs.
Smart city technologies are being developed to address a range of issues, including energy management, water management, urban mobility, street lighting, and public safety, for example. These innovations are underpinned by general developments in areas such as wireless communications, sensor networks, data analytics, and cloud computing. The smart city concept is also driving new integrated approaches to city operations. Navigant Research forecasts that global smart city technology revenue will grow from $8.8 billion annually in 2014 to $27.5 billion in 2023.
This Navigant Research report examines the evolution of the global smart city market, detailing the impacts on key technology markets, including smart grids, water management, transportation, building energy efficiency, and government services. The study compares different approaches to the smart city and provides comprehensive profiles of noteworthy smart city projects in each major world region. Global forecasts of the size and growth of the market for smart city technologies, segmented by smart city industry sector and region, extend through 2023. The report also examines the significant market drivers and challenges related to smart cities, as well as the competitive landscape.
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