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Market for Smart City technologies to be worth $40BN within four years according to CARTES

According to a preview of the CARTES 2012 Exhibition, on 6 to 8 November in Paris, many municipalities are exploring the “Smart City” concept in order to become better places to live, work, and grow.

According to Cartes more than half the world’s population lives in cities, and the percentage is growing; according to McKinsey, in China alone, 350 million people – more than the current population of the United States – will move to cities by 2030.

‘Smart City’ solutions are intended to leverage IT to deliver citizen services more efficiently, and effect behavior change so cities can develop more sustainably.

According to Cartes a city becomes ‘smart’ when all parts of its infrastructure and government services are digitally connected and optimized. This intelligent infrastructure is powered by sensors, the ‘cloud’ and smart interfaces.

 

A $40 Billion Market In 2016

According to ABI Research, the global market for technologies that feed into and support Smart City programs and projects are expected to grow, on a global basis, from $8 billion in 2010 to nearly $40 billion in 2016.

 

A Fertile Field

Among a wide range of initiatives, some emblematic smart cities in development include:

  • The ‘U-City’ (Ubiquitous-City) model in Korea, enabling such urban functions and services as e-Administration, traffic, crime prevention, fire prevention and home-networking, with major experiments in the ‘new Songdo City’ to be launched in 2014.
  • Cityzi, the most emblematic French initiative featuring smart cities, launched in Nice in May 2010. Based on a combination of smartphones and NFC technology, the Citizy application is gathering telcos, banks, transit-system companies and a wide range of service providers.
  • The Amsmarterdam city program in the Netherlands, addressing mainly sustainability in living and mobility.

 

Comments

Comments

3 people have had something to say so far

The first problem to overcome with 'Smart Cities' is to reverse the trend of people moving into cities. To do this Governments must understand that this trend is caused by 'the highest economic activity' takes place in our major cities. In the digital age this concentration of economic activity in major cities is not the best way to operate. On-line business activity is already demonstrating that organisations do not need a city centre outlet and this trend will accelerate. Therefore the long term prognosis for face to face business activity in Cities will reverse. If this does turn out to be the case then 'Smart Cities' will need to adjust their way of funding all city services from a reducing economic base. Over time, with digital connections, less people will need to travel to work and so congestion will reduce in cities and between cities.
Posted on 01/10/12 13:16.
One way this could be achieved would be for the government to invest in high speed internet infrastructure.
The government has announced £530M spending on infrastructure which is well short of the European central Bank estimate of the actual cost of £20BN to bring high speed infrastructure to all areas in the UK.
The rural/city digital divide is - contrary to a government manifesto pledges - actually accelerating.

There are numerous other factors at play however.
Posted on 01/10/12 13:38 in reply to John B Leonard.
I can vouch for the fact that in my country (Netherlands) all sorts of projects are taking place labelled "Het Nieuwe Werken" which is best translated by "new type of working". Most of them are initiated by major companies. They noticed that their employees spend too much time commuting to the big cities. So, they allow them to work at home or in flexible working places that are no longer meant to be used by just one person. The downside is that more and more office blocks turn out to be obsolete, which is a massive loss for investors.
Posted on 03/10/12 07:18 in reply to Tim Watt.

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