More than 250 smart city projects exist today – with focus on government and energy
More than 250 smart city projects exist in 178 cities around the world, with the majority focusing on government and energy initiatives followed by transportation, buildings and water, according to Navigant Research.
The analyst firm has released a new report titled “Smart City Tracker 1Q17” that examines the current state of global smart city development, covering the related aspects of the smart energy, smart water, smart transportation, smart buildings, and smart governments sectors, segmented by region. It forecasts the global market for smart city solutions and services to grow from USD 40.1 billion in 2017 to USD 97.9 billion in 2026.
According to the report, as sensor technology improves and costs decrease, smart city technologies are becoming more efficient, higher performing, and cheaper than ever before. With the increasing number of smart city projects globally, cities across the world are pursuing higher levels and a greater variety of integration among technology-driven city services and solutions.
“Leading cities are looking at how they can build on their initial investment in open data and the data feeds being provided by Internet of Things applications,” said Christina Jung, Navigant research analyst. “Cities are moving beyond the publication of government open data policies to the exploitation of a wide range of data sources and the establishment of city platforms for information sharing and use of analytics.”
For example, San Diego recently partnered with GE-owned Current, which creates intelligent environments for commercial buildings and industrial facilities, to power the city with IoT sensor platform. The company will install its CityIQ sensor nodes on 3,200 of the city’s street light poles as an upgrade to the present 14,000 light fixtures to new Current’s Evolve LED luminaires.
A study released by the US Conference of Mayors shows cities of all sizes are developing and implementing smart city projects. From the 54 cities who responded to the survey, 335 smart city projects are currently being implemented and 459 are being planned through 2017. Among the 335 implemented projects, 69 are taking place in large cities, 168 in mid-sized and 98 in small cities.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.
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