HOME Research Insight Adoption of the Advance Technology and Increase in Interconnectivity of Smart Cities Market

Adoption of the Advance Technology and Increase in Interconnectivity of Smart Cities Market

The global statistics suggest a rapid rise in the urban population throughout the world. The advancing economies worldwide have resulted in a better standard of living of the population. Urban areas have become massive cosmopolitans with varied cultural population groups. The need for ecological sustainability and advanced lifestyle has led to the emergence of the smart cities concept. Smart cities would be the new residential and commercial centers with scientific and rational infrastructure for a smarter life.

Smart cities projects are those projects which are empowered by using network and broad-bands to provide quality solutions to its end users. The increasing trends are depending more on analyzing the data gathered on real time basis with the help of innovate solutions. As cities grow and expand, it becomes extremely difficult for their services to match the exploding resident population. The management and governance across the city becomes increasingly complex. This has become a driver to create an immense demand for smarter and more sustainable city ecosystem.

The implementation of smart technologies like electric grids, gas distribution systems, water distribution systems, public and private transportation systems, commercial buildings, hospitals, smart homes form the backbone of a city’s efficiency, livability, and sustainability. This helps them in reducing the excess pressure created on the existing urban infrastructure. This enables coordination of traffic management and quick response to traffic incidents. Smart cities will also enhance quality of life by controlling pollution and deploying efficient energy management systems.

With the adoption of the advance technology and increase in interconnectivity, the overall efficiency and productivity of commerce & industries can be improved. An intelligent communication network between the devices will facilitate the seamless integration of data, information. A large number of smart cities have emerged in the developed and developing nations like China, Japan, South Korea, U.A.E., Spain, Portugal, the Netherlands and the U.S. The smart cities market is expected to grow at a rapid pace in the regional markets of Asia-Pacific (APAC) and Middle-East and Africa (MEA). These regions would also be the highest revenue generating smart cities markets. Considerable growth is expected in the North American (NA) and European markets. The major smart cities vendors have shifted their focus to the emerging markets, which are growing at a rapid speed. Some of the major smart cities solution vendors include Cisco, Ericsson, GE, IBM, Intel, Siemens, Alcatel- Lucent and others.

Related Reports:

Smart Cities Market (Smart Home, Building Automation, Energy Management, Industrial Automation, Smart Healthcare, Smart Education, Smart Water, Smart Transportation, Smart Security), Services) - Worldwide Market Forecasts and Analysis (2014 - 2019)

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