New Report from IDC Highlights Global Smart City Outlook
IDC Government Insights has released a new report that studies the future outlook for Smart City projects worldwide. The predictions outline the collective opinion of the IDC Smart City team of analysts representing all regions globally.
“This worldwide set of Smart City predictions is a list of prioritized business drivers and technology trends that our team believes will shape the local government IT landscape in the context of an economically and socially challenging 2013 time. The goal is to draw attention to events that exemplify strategic shifts that are reshaping the ways cities operate and that require the city leaders to make smart, and sometimes very difficult, decisions,” says Ruthbea Yesner Clarke, research director, Smart City Strategies.
1. In 2013, 70% of Worldwide Spending on Smart City Projects Will Be Focused on Energy, Transportation, and Public Safety, and 90% of These Will Be at Least Partially Funded by National or International Governments
2. At Least 50% of Smart City Programs Will Be Initiated at the Line-of-Business or City-Function Level
3. Worldwide Spending on Smart Water Solutions Will Reach $1.8 Billion in 2013
4. Smart City Information Challenges Will Begin to Be Framed as Big Data Issues
5. Local Government Will Remain in the Research and Evaluation Stage Regarding Machine to Machine, with Growth in Very Specific City Functions Mostly for Medium-Sized to Large Cities
6. Cities with Open Data Initiatives Will Drive 50% More Private, Citizen, and Crowdsourced Mobile Applications
7. In 2013, Local Government Will Connect to Citizens via Mobile Devices and Social Media, Accelerating a New Type of Citizen/Government Relationship
8. Smart City Programs Will Experiment with New Public/Private, Risk-Reward-Sharing Partnership Models to Make Funding Sustainable
9. At Least Three More Tier 1 Global ICT Vendors Will Enter the Market with a Branded Smart City Solution, Leading to More Intense Competition Among Existing Players
10. At Least 70% of Smart City Programs That Will Succeed Between 2013 and 2015 Will Be Governed by Joint Ventures That Include City Leaders as Key Stewards
Access the full report here.