Smart Technologies and Infrastructure for Energy, Water, Mobility, Buildings, and Government: Global Market Analysis and Forecasts
The momentum behind the development of smart cities continues unabated. City leaders around the world are committing to smart city objectives as they attempt to shape the development of their cities to meet social, economic, and environmental challenges. National governments are also encouraging cities to become centers of innovation and drivers of sustainable growth. There are many grand visions for the development of smart cities and even more pilots and demonstration programs. However, there are far fewer large-scale, financially sound deployments of smart solutions to solve core city problems.
Today, city leaders and suppliers are recognizing that there needs to be a clearer and faster route to the broader deployment of proven technologies and solutions. The question is how to establish the right business models and deployment strategies to enable this expansion. Meanwhile, city strategies are increasingly emphasizing resilience and climate adaption and focusing on making smart city development relevant to citizens and their daily lives. Smart city trends also include a desire for more data-driven policymaking and operational control and a recognition of the need for standards to help drive smart city programs to the next stage. According to Navigant Research, global smart city revenue is expected to grow from $36.8 billion in 2016 to $88.7 billion by 2025.
This Navigant Research report examines the evolution of the global smart city market, with a focus on five key industries: energy, water, mobility, buildings, and government. The study compares different approaches to the smart city and provides comprehensive profiles of noteworthy smart city projects in each major world region. Global revenue forecasts for smart city technologies, segmented by industry and region, extend through 2025. The report also examines the significant market drivers and challenges related to smart cities, key business models used to fund smart city projects, and the competitive landscape.
Key Questions Addressed:
- What are the key market and technology issues influencing the development of smart cities?
- What are the primary business models being used to fund smart city projects?
- Which smart technologies are having the biggest impact on smart cities?
- How are smart cities shaping technology developments?
- How do smart city strategy and project implementation differ around the world?
- Who are the key players in the smart city market?
- How will growth in the global smart city market vary by industry and region?