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We currently have no smart cities — by 2025 there’ll be 26

  • Tech
  • Artificial intelligence
  • mobility
  • city
  • United States
  • pandemic

We currently have no smart cities — by 2025 there’ll be 26

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Spending on smart city technology is accepted to reach US$327 billion by 2025, up from US$96 billion in 2019, according to a new anticipation from Frost & Sullivan.

The analyst aggregation said an ambiguous post-pandemic bearings will compel cities to focus on developing collaborative, data-driven basement for use in healthcare, public aegis casework and more.

Artificial intelligence and data-driven solutions are accepted to be in high demand, with growing opportunities for crowd analytics, open data dashboards and agenda city services.

Investments in smart technologies are also accepted to rise over the next two years. Cities have already invested in contact-tracing wearables and apps, open data platforms, free drones and crowd analytics to fight COVID-19, according to the report, and smart grids, able cartage management, free vehicles, smart lighting and e-governance casework are accepted to gain absorption when the communicable passes.

US$2.46 abundance market

Overall, smart cities are anticipation to accomplish business opportunities worth US$2.46 abundance by 2025 and Frost  & Sullivan expects at least 26 smart cities to be accustomed by then.

Malabika Mandal, Visionary Addition Group Industry Analyst, Frost & Sullivan, said: “Smart cities will focus on data-driven and affiliated infrastructure, which will lead to higher acceptance of technologies like AI and 5G. They will accent more digitalized casework and a strong data analytics infrastructure, arch to added spending toward technology.”

There is no accepted analogue of what constitutes a smart city. Frost & Sullivan characterizes it as those with “active and absolute pursuits” in at least five of eight areas: smart babyminding and education; smart healthcare; smart buildings; smart mobility; smart infrastructure; smart technology; smart energy; and smart citizens.

Mandal told  that by this analogue there are no truly smart cities yet. Sixteen of the 26 arch cities are accepted to be in North America and Europe, with the rest in Asia and Oceana. Mandal said Amsterdam, Seoul, Singapore and Copenhagen are among the frontrunners .

COVID recovery

More than 70 percent of global smart city spending by 2030 will be from the United States, Western Europe and China, the report finds.

Archana Vidyasekar, Visionary Addition Group Research Director at Frost & Sullivan, commented: “Now more than ever, the action of being technology-first, optimistic and focused on ‘smart’ is critical. While COVID-19 has abundantly been a health crisis, it has disrupted city ecosystems and basement tremendously. Smart technologies offer avant-garde solutions that can about-face the damage and bring some respite, if not normalcy. For instance, agenda acquaintance archetype can play a analytical role in allotment citizens with ability of COVID-impacted areas and advance safer urban movement.”

Other analysts have appropriate that the pandemic could curb smart city spending in the short-term as local governments face severe budget challenges, although research from the U.S. Conference of Mayors found that advance in infrastructure, including technology, is US mayors’ top actual and abiding antecedence for bread-and-butter recovery. There is also a renewed focus on prioritizing solutions that make cities more resilient.

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Appear November 14, 2020 — 09:00 UTC

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