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Smart city market ‘moving towards maturity’

Smart city projects around the world are gaining in ambition and scale, according to new analysis from Navigant Research.

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Navigant’s report, Smart City Tracker 1Q18, evaluated 355 smart city projects in 221 cities around the world. It finds that smart street lighting is increasingly being recognised by city leaders as a first step toward the development of a smart city. Additionally, smart parking systems, mobility solutions, air quality monitoring, and smart waste are also becoming common deployments.

Smart cities grow up

The global smart city market is moving into a period of increasing maturity, the research concludes, as more cities embrace innovation to streamline and enhance city services and operations. Across all major regions, smart city projects continue to increase substantially, both in number and level of ambition.

Ryan Citron, senior research analyst with Navigant Research, commented: “Cities are developing more innovative smart city programmes and deploying proven solutions at commercial scale. Projects that integrate data and insights across multiple operations and service sectors are also becoming more common.”

New surges

He added: “These developments are happening in all major world regions, with recent surges of interest in North America and Australia, further acceleration of the Indian smart cities program, and continued development across Europe, Asia Pacific, Latin America, and the Middle East and Africa.”

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