The “Smart Cities Devices Report” states that internet-connected devices used in smart city projects will increase from 115.4 million in 2015 to 1.2 billion in 2025.
IHS notes that the largest shipment of smart city devices will go to the Asia-Pacific region, receiving over half of all device shipments by 2025. [Black and Veatch survey respondents regard smart cities as “transformational”]
In 2015, North America, Europe and Asia Pacific each received approximately one-third of unit shipments.
Roz Euan-Smith, senior analyst, smart cities, for IHS Technology, said: “Unit shipments of smart city devices to Asia Pacific will increase more than shipments to other regions for two main reasons.
“First, the region’s large population is increasingly moving to cities, which are straining under the increased pressure and demand for resources, creating a clear need for smart city development. Second, several national governments in the region have announced smart city development initiatives that focus on full-city development, not just trials, including India’s 100 Smart Cities program, Singapore’s Smart Nation program, and other initiatives in China and Japan.”
US runner-up in smart city device shipments
[quote] The advisory firm stated that the US represents the largest potential market for smart city technology after Asia Pacific. This is due to the number of cities and metropolitan areas in country. Adding to this, the White House smart cities initiative launched in September last year, provides additional momentum for smart city device shipments.
The White House initiative will invest more than US$160 million in federal research funds to bolster the US smart cities market.
In another recent report conducted by the World Economic Forum and PwC, the private sector will play a pivotal role in the development of smart cities. [Private sector is critical to smart cities development – report]
The report states that problems in the areas of water, waste management, energy and mobility would worsen, should the appropriate action not be taken.
Referencing India as an example, the report added: “The growth of India’s urban population has not been accompanied with commensurate increases in urban infrastructure and service delivery capabilities. As a result, cities in India face a range of challenges in areas such as water, waste management, energy, mobility, the built environment, education, healthcare and safety.”
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