TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Internet of Things

Internet of Things

Strategy Analytics: Smart City ICT revenues are forecast to reach $977 Billion by 2022

Via Strategy Analytics Press Releases

Oct 13, 2015

Urban living may encompass 86% of the developed world, and 64% of the developing world by 2050.

Boston, MA - October 12, 2015 – The worldwide population shift to urban centers is spurring the adoption of “Smart Cities” to maximize the efficiency of crucial resources like utilities, water supply and transportation services. These cities of the future will combine and leverage Internet of Things (IoT) and Information and Communications (ICT).

A new Strategy Analytics report “The Future of Smart Cities - Opportunities, Solutions and Players” forecasts that Urban ICT revenues will reach $977 Billion by 2022. Currently, about one million people are added each week to the world’s cities.

The study reveals that North America and Europe will dominate urban ICT revenue by 2022, with Asia-Pacific the fastest growing market. Smart Health, Smart Infrastructure and Smart Government represent the largest ICT opportunities.

City infrastructures grow more slowly than the population they seek to serve, but faster than the city’s land area, said Andrew Brown, Executive Director of Enterprise and IoT research at Strategy Analytics. “Parking sensors, for example, can together with traffic management platforms and big data warn of, and ward off, inner city traffic congestion before it becomes unmanageable,” Brown said, adding, “Smart street lighting can be set to operate only when there are people nearby who need it. The smart lamp-post itself can become a sensor platform for other services such as surveillance or smart parking.”

Smart grids can play a vital part in controlling urban energy supply and demand. At the same time, utilities are seeking to reinvent themselves to be service providers for

urban customers.

'Smart water' offers effective end-to-end monitoring and control for an increasingly valuable resource. Water utility companies using smarter solutions could save between $7.1Billion and $12.5 Billion each year, engaging multiple IoT vendors, the SA report found.

The report also explores the role of urban-centric solutions such as Uber and AirBnB.

This foundational study examines the ‘smart city’ approaches of ICT and IoT vendors and service providers. It describes solutions and business models and provides recommendations for the future.

Related Topics
  • Data & Analytics,
  • Enterprise,
  • Internet of Things,
  • Network Automation,
  • News,
  • North America,
  • Research and Trials,
  • Smart Cities,
  • Strategy Analytics,
  • Tracker

More Like This

Digital Platforms and Services

HOPE Hydration taps T‑Mobile to power “smart” water refill stations

Jun 7, 2023

Security

Nokia Threat Intelligence Report finds malicious IoT botnet activity has sharply increased

Jun 7, 2023

Private Networks

Easymetering and Ericsson Showcase Latest Advancements in Smart Metering Technology on Private LTE

Jun 6, 2023

Digital Platforms and Services

Is the economy of things a new telco revenue opportunity? Vodafone thinks so…

Jun 1, 2023

Digital Platforms and Services

BT’s Division X has the metaverse in its sights

May 30, 2023

This content extract was originally sourced from an external website (Strategy Analytics Press Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

1:17:33

From telco to techco: The impact of next-gen operations on skills, talent acquisition and retention

1:14:31

Achieving maximum operational efficiency: How service providers can best operate at speed and scale

1:14:20

Why data and APIs are key to implementing the vision of the digital services provider

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us

  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).