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Smart Cities and IoT Market: IoT Principles to Play Central Role in Development of Futuristic Smart Cities

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Published on : Mar 10, 2017

ALBANY, NY, March 10, 2017: The report, titled “Smart Cities & IoT,” examines the market across four verticals: the environment, mobility, managing flows (of gas, water, and power), and public safety. In the next few years, the market is expected to expand at a significant pace in terms of the number of connected objects across these verticals of smart cities.

The significant rise in availability of connected devices in urban spaces and the considerable volume of data generated by these devices is paving the way for the development of new and more enhanced services for managing a vast number of functions undertaken by these digital entities. IoT is being considered as the potential solution in this scenario, delivering services to operate and manage urban functions in an optimized manner. IoT is expected to develop in all the important vertical sectors of smart cities mentioned above.

IoT principles are being increasingly used across application areas such as city traffic management, public transport, citizen information management, urban planning, utilities management, risk management, health, education, mobile payment, retail business, and tourism. More areas of application in digitally advanced ecosystems are expected to increasingly come under the umbrella of IoT in the next few years.

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The significant opportunity in the application of IoT principles for the enablement of a smart city ecosystem has compelled several IT companies to adapt their products and incorporate connected objects into their technical solutions, especially when it comes to solutions for smart cities. Several veteran IT companies are collaborating with system integrators and telecom companies, some are integrating solutions made by a third-party vendor through partnerships, and some are developing their own solutions.

The report presents an overview of the present state of deployment of IoT in smart city projects across key regional markets and cities. Several case studies relating to advancements in this area across cities such as San Francisco, Geneva, Mexico, and London have also been included in the report.

The report presents extensive review of some of the leading players operating in the IoT space concerned with smart cities. Some of the key companies operating in this sector are Axis Communications, Easymile, Renault Trucks, IBM, Nissan Motor, Atos, Orange, Cisco, Schneider Electric, Arriva, Enekio, Accenture, Atos, Autoroutes Traffic, Cofely Ineo, Kawantech, Keolys, Oracle, Indigo, Deutsche Telekom, Phoenix ISI, Sagemcom, Suez environnement, Parkeon, Bosch, CEREMA, Bitrate, Cisco, Orange, Huawei, Panasonic, Ingenu, Genetec, SigFox, Geolocsystems, Uber, TE Connectivity, The Tokyo Gas, GE Grid Solutions, Cityway, Eiffage, and Skidata.

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