Tag Archive | smart city

Smart Pole Revenue will Reach $1 Billion in 2022

Smart Pole Revenue will Reach $1 Billion in 2022

Various governments have started initiatives to transform their cities into a smart city. According to TMR, with the adaptation of digital technology on a street level, street lights are experiencing a makeover and are being revamped into ‘smart’ street lights.

via TMR

Why Smart Cities Invest in Digital Transformation

Why Smart Cities Invest in Digital Transformation

Unprecedented urbanization is compelling cities to fundamentally reimagine and transform for the future – and fast. According to a study, roughly half of the world’s population lives in cities today and that figure is expected to increase to 68% by 2050.

via World Economic Forum

Smart City Innovation for Emerging Markets

Smart City Innovation for Emerging Markets

“There are several reasons why ‘smart city’ technologies rarely address the most important challenges of low and medium-income cities. For one, the overwhelming focus of the first generation of smart city vendors was on wealthy cities in mature economies.”

via World Economic Forum

Progressive Local Governments Invest in Smart Cities

Progressive Local Governments Invest in Smart Cities

Smart City initiatives will attract technology investments of more than $81 billion globally in 2018, and spending is forecast to reach $158 billion in 2022, according to the latest worldwide market study by International Data Corporation (IDC).

via Digital Lifescapes

Global IoT Market Investment Reaches $151B in 2018

Global IoT Market Investment Reaches $151B in 2018

The number of IoT devices that are active is expected to grow to 10 billion by 2020 and 22 billion by 2025. This number of IoT devices includes all active connections and does not take into consideration devices that were bought in the past but are not used anymore.

via IoT Analytics

Smart Cities Spending will Reach $158 Billion in 2022

Smart Cities Spending will Reach $158 Billion in 2022

On a geographic basis, the Asia-Pacific region, including China and Japan, will account for nearly 42% of global spending in 2018, followed by the Americas (33%), and Europe, Middle East and Africa (EMEA) (25%). The United States is the largest country market for Smart City spending (over $23 billion in 2018), followed by China.

via IDC

Smart City Investments will Reach $135 Billion in 2021

Smart City Investments will Reach $135 Billion in 2021

IDC has provided a detailed look at the technology investments associated with a range of Smart City priorities and use cases. As these initiatives gain traction, IDC expects spending to accelerate over the 2016-2021 forecast period, growing to $135 billion in 2021.

via Digital Lifescapes