IoT Market for Smart Cities: Key Trends
Every day, Smart City technologies are enabling a better quality of life for people around the world. Industry giants like Cisco has helped lay the fulcrum upon which society’s future will now pivot. The explosion in big data analytics, mobile real-time video/information sharing IoT has brought a paradigm shift in the overall growth trajectory and future developments of budding smart cities. It’s critical that those who lead our state and local governments at every level, not just IT, understand and integrate these technology shifts proactively. From city operations and public safety to transportation and utilities, it’s time for your community to start turning aggressively towards IoT solutions as the core of your Smart City initiative. Here are few key trends in Global IoT Smart City Market.
Smart street lighting networks can serve as a cost-effective entry point to IoT-based city solutions. LED usage brings electricity savings to about 75 or 80 per cent. Smart street lights save costs, and because they can be programmed to dim or brighten automatically, they can cut the risk of crime and traffic accidents.
Expanding the smart grid
The savings resulting from smart street lighting can enable cities to invest in other smart technologies. Smart street lighting provides a grid-based physical infrastructure that can serve as a foundation for delivering a range of other sensor-reliant services, such as vehicle and pedestrian monitoring, traffic light control, smart parking, real-time traffic-information, and waste management.
Public safety vehicles
Digital hubs are supposed to deliver real-time streaming allowing government to respond faster and more accurately to emergencies and natural disasters. This will include greater deployment of mobile, real-time video and data sharing.
Growth in Connected Vehicle Capabilities
It is prominently expected to perform real-time data sharing with government. The V2X communication technology is the key here
Increased focus on human-centric technologies
Application-wise app development will suffice this requirement. This will greatly enhance transparency of government-gathered data, leading to more trust in local government.
Adoption of smart city requirements into municipal codes
From the number of trees and shrubs to square footage of glass fronting streets, communities already require certain minimums for new construction. As WiFi continues to grow in recognition as a necessary utility, minimums for bandwidth, access, security, and linkage into a larger city-wide fabric will become standard code.
Maximize Market Research has comprehensively analysed Global IoT Market for Smart Cities emphasising on each and every aspect of the infrastructure that turns an ordinary city into a ‘smart’ one . The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analysed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent Market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole IoT Ecosystem with utmost ease and clarity.
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Global IoT Market for Smart Cities Analysis and Forecast 2024.
Global IoT Report