Smart City Networks Market to Surpass $3.5 Billion by 2020

  • Navigant Research
BOULDER, CO - Smart cities are, by definition, connected cities. Most of the innovations in energy, transportation and the efficient delivery of public services associated with smart cities rely on the availability of ubiquitous communication services. According to a new report from Navigant Research, worldwide revenue from communication nodes for smart cities, and the infrastructure and services to support them, will grow from $2 billion in 2014 to $3.55 billion in 2020.

“Most attention in the smart city community has focused on the upper communication layers and applications – including IT and data management – that govern how a smart city operates and enables the collection and analysis of new data sources,” says Eric Woods, research director with Navigant Research. “Without the underlying communication infrastructure, however, the smart city vision cannot be realized.”

Fragmented Communications Environment Impedes Development of Integrated Solutions

Bandwidth, latency, security, privacy, scalability, and flexibility are all important considerations when selecting the appropriate technology for smart city applications. Yet, the decision often comes down to the availability, cost, and degree of comfort with the technology for individual city managers and departments, according to the report. This has led to a highly fragmented communications environment that is impeding the development of more integrated smart city solutions.

The report, “Smart City Communication Networks,” analyzes the challenges and opportunities for smart city communication networks, with a focus on the five main sectors:

  1. Smart energy

  2. Smart transportation

  3. Smart water

  4. Smart buildings

  5. Smart government


The report explores the market issues and dynamics associated with smart city communications and covers the viewpoint of communication service providers, communication infrastructure vendors, IT vendors and city governments. Global market forecasts for communication node shipments, infrastructure revenue and service revenue, segmented by region, sector, communication type and network layer, extend through 2020. The report also examines the key communication technologies related to smart city communication infrastructure, as well as the competitive landscape.

 

Comments

Read what others have to say, and share your own thoughts with the community.

2000 characters remaining
Advertisement
Advertisement
Advertisement
2019 Agenda at a Glance
Featured Speakers – Summit 2019
2019 Summit Floor Plan
2019 Exhibitor List
Multifamily Educational Series
The Leading Broadband Event
2019 Travel & Hotel Information
2018 Fiber-To-The-Home Top 100
Rural Broadband Track
General Sessions

© 2019 Broadband Properties, LLC

Privacy Policy

Web Design and Web Development by Buildable