Pike Research launched of a Smart Cities Advisory Service which provides market intelligence and strategy insights for city officials, service providers, and vendors seeking to more effective smart energy and information technology to create more livable urban environments and foster economic development.
The Smart Cities Advisory Service covers the utilization of information and communication technology, as well as clean energy technologies, for the more efficient management of municipal operations. The service examines the various emerging models for smart cities around the world including overlays of existing infrastructure and systems as well as greenfield strategies for futuristic cities. Analysis includes an assessment of technology issues, policy and regulatory factors, business models, and implementation strategies. Key industry players are profiled in depth, and detailed forecasts are provided for each key market segment. Topics covered include Smart Government, Smart Transportation, Smart Buildings, and Smart Utilities.
Pike Research’s forecasts about the emerging Smart Cities sector estimate that investment in smart city technology infrastructure will total $108 billion during the years from 2010 to 2020. By the end of that period, the cleantech market intelligence firm anticipates that annual spending will reach nearly $16 billion.
While no single technology defines the smart city, a number of iconic technologies can be highlighted as key components of the smart city vision. Among them are ubiquitous broadband communications, smart meters for electricity and water use, intelligent transport systems, and extensively deployed monitoring and sensor technologies.
By the end of the current decade, many of the infrastructure technologies that go into developing a smart city, including smart meters, intelligent traffic systems, and building energy management systems, will be deployed across North America and Europe and increasingly in large parts of Asia.
Source: Pike Research