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Smart City Tracker Report 1Q17

More and more cities are developing programs for the deployment of smart solutions around the world. The number of smart city projects being developed is increasing and cities are pursuing higher levels and a greater variety of integration among technology-driven city services and solutions. The development of smart cities is now a truly global phenomenon, with considerable activity and notable projects across all regions. Working in partnership with technology and service suppliers, city leaders and central governments are realizing the benefits smart city projects can provide to increase and improve economic opportunity, sustainability, and quality of life. New national programs’”notably in the United States and India, alongside existing programs in the European Union, China, and Japan’”demonstrate the importance the world’ s leading economies are placing on the development of smarter cities. According to Navigant Research, the global market for smart city solutions and services is expected to grow from $40.1 billion in 2017 to $97.9 billion in 2026.

This Navigant Research report provides an assessment of the current state of smart city development around the globe. New projects have been added to the database that show continued investment in open data platforms, smart grid technologies, networked LED street lights, urban mobility, energy efficient buildings, water management, and government service applications for smart cities. The report covers five key industry sectors as they relate to smart cities: smart energy, smart water, smart transportation, smart buildings, and smart government. It also looks across these sectors at projects that address multiple aspects of city operations. The 252 projects included in this Tracker are segmented by region and by industry sector.

Access the original article from Navigant Research here.