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Juniper Research also predicts that open platform adoption would enable street lighting to act as a major hub point for additional smart city services.
Smart street lighting deployments will deliver $15bn in cumulative energy savings for cities through to 2023, new research predicts.
These savings will be achieved as a result of converting lamps to energy-efficient LEDs as well as the addition of connectivity to monitor and control the status of each individual light; saving up to 50 per cent energy per light.
Juniper Research’s study, Smart Cities: Leading Platforms, Segment Analysis & Forecasts 2019-2023, found that connected street lights are set to grow on average by 42 per cent per annum between 2019 and 2023; reaching close to 70 million units by the end of the forecast period.
The analyst added that growing open platform adoption would enable street lighting to act as a major hub point for additional smart city services, such as public safety and smart transport.
As part of this new research, Juniper has ranked the industry’s leading smart city platform vendors as:
According to Juniper, Siemens’ MindSphere platform, coupled with its City Performance Tool and recent Mendix acquisition represents a “compelling offering”.
In addition, Juniper reports the company is able to offer significant market vertical expertise to aide in service launches.
Meanwhile, it said Oracle is able to offer a broadly capable platform in addition to extensive worldwide smart city deployment experience.
“The cost savings enabled by smart street lighting mean that many cities will look to this as a first-stage smart city project”
The research also found that many cities are moving away from point solutions, towards platform procurement. Consequently, street lighting platforms would serve as the entry point for a number of cities looking to deploy smart city projects.
“The cost savings enabled by smart street lighting mean that many cities will look to this as a first-stage smart city project,” said Steffen Sorrell, principal analyst at Juniper and research author.
“Choosing an open platform will be key here, as additional services can be launched from the same point, while simulataneously driving up third-party vendor competition.”
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