Smart City Market 2018 Global Size, Competitors Strategy, Regional Analysis, Industry Profits and Growth by Forecast to 2022
The Global Smart City market is growing with the rapid pace; mainly due to increasing urbanization, increasing number of aging population and high adoption of internet of things. According to a recent study report published by the Market Research Future, the global market of Smart City is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
Smart city gives solutions to all problems such as traffic congestion can be solved by smart transport solutions, smart buildings reduces the infrastructure problem and many more. Therefore, the increasing urbanization is driving smart city implementation. Apart from it, increasing aged population is demanding the smart city implementation thus driving the smart city market. Smart city aims to deliver a sustainable environment to live and its smart sensors, healthcare devices, remote monitoring and others can manage and satisfy all the needs and necessities of the aged population. The world's population is growing older rapidly, people tend to live longer. According to U.S. census is 617.1 Billion world's population is aged 65+ yrs. aged. The U.S. census forecast from 2025 to 2050 that the older population is projected to almost double to 1.6 billion globally, whereas the total population will grow by just 34 percent over the same period.
The other factors driving the global market of Smart City Market are growing technology addiction for improving lifestyle, and rise in automation among others. Urbanization is increasing tremendously as per the observations by the United Nations. The United Nations has predicted that by 2050, about 64% of the developing world and 86% of the developed world will be urbanized. In this changing environment, due to the increasing population, excessive use of polluting machines and large amount of wastes the environmental concerns are ever increasing.
Continue reading sbwire.com
The Washington Post Live: Innovative startups and advocates who are working with urban communities to create the digital infrastructure for the cities of tomorrow discuss the opportunities and challenges of smart cities.
Expanded program portfolio seeks to increase access to DoD-specific electronics manufacturing capabilities, enhance hardware security, and ensure ERI investments translate to DoD applications
The Smart Rural Community® Collaboration Challenge is an opportunity for rural broadband providers to obtain up to $5,000 to deploy broadband-enabled solutions for community-oriented initiatives, including economic development, education, health care and public safety.
StateScoop — Four development teams have taken home top prizes in a competition for advanced infrastructure proposals, each securing up to $10 million in investment capital.
Cincinnati Enquirer — The Cincinnati area will get new help in its opioid fight through a pilot partnership with U.S. Homeland Security’s Science and Technology division that could yield a nationwide response to the epidemic.
StateScoop — At a "smart regions" conference in Ohio, representatives from several jurisdictions pledged to use technology to reduce drug overdoses.
CINCINNATI -- A partnership among businesses, educators and agencies is working to turn Cincinnati into the Silicon Valley of the Midwest. Local schools are training the next generation of cyber experts.
Smart Cities Dive — Four cross-jurisdictional teams took home the top cash prizes in the first Smart Infrastructure Challenge, hosted by smart city and technology strategy firm Venture Smarter.