Five new research reports take a stab at predicting the future – and the market sectors covered apply to cities everywhere. Read on to see how your city's roadmap syncs up.
Smart cities will expand the global outdoor Wi-Fi market
Governments worldwide are making huge investments in the development of smart cities – and smart cities require public Wi-Fi networks. That's because these networks provide services to citizens, such as safety and security, access to education, waste and water management, traffic management, infrastructure management and healthcare, according to research firm Technavio. In its new report, Technavio anticipates the global outdoor Wi-Fi market will grow at a CAGR of close to 11% between now and 2019. "Public Wi-Fi networks also provide location-based services to city planners to gain insight into how a smart city functions and how its citizens live. This helps them to provide better services to people living in smart cities," says Faisal Ghaus, Vice President of Technavio. The report -- Global Outdoor Wi-Fi Market: Research Analysis 2015-2019 -- also emphasizes the increase in heterogeneous networks with Wi-Fi capable small cells to deliver high-quality services to users. "Wi-Fi delivers high-speed Internet that satisfies the data requirements of millions of smartphones, tablets, and PCs. Thus, the increase in heterogeneous networks with Wi-Fi-capable small cell technology is an emerging trend fostering the growth of the market," Ghaus notes. The report includes a competitive analysis of prominent vendors in the space, including Council Lead Partner Cisco.
Carsharing innovations will continue to grow the market
As of 2014, carshare programs were offered on five continents, in over 30 countries, and in hundreds of cities, according to a new report from Navigant Research. As one of the industries that has thrived in a
new transportation landscape centered on clean, multi-modal, and on-demand mobility, Navigant expects carsharing to experience continued growth in its current markets as well as expansion into new markets. According its Carsharing Programs report, global carsharing services revenue is expected to grow from $1.1 billion in 2015 to $6.5 billion in 2024. "Carshare services fit squarely into the growing trend of on-demand mobility in urban markets," says Lisa Jerram, principal research analyst with Navigant. "Total global membership in carsharing programs is expected to reach 23.4 million by 2024, and much of the industry’s growth will be in the Asia Pacific region, which is still in an earlier stage of the carsharing market than Europe and North America, which are both expected to continue to see growth in demand for carsharing services."
Urban ICT revenues expected to reach $977 billion by 2022
Cities of the future will combine information and communications (ICT) technologies with the Internet of Things (IoT) to supply crucial resources urban centers will need to accommodate population growth, notes a new report from Strategic Analytics. The study asserts that North America and Europe will dominate urban ICT revenue by 2022, with Asia-Pacific the fastest growing market. The largest ICT opportunities? Smart health, smart infrastructure and smart government, according to The Future of Smart Cities - Opportunities, Solutions and Players. City infrastructures grow more slowly than the population they seek to serve, but faster than the city's land area, said Andrew Brown, Executive Director of Enterprise and IoT research at Strategy Analytics. "Parking sensors, for example, can together with traffic management platforms and big data warn of, and ward off, inner city traffic congestion before it becomes unmanageable," Brown said. "Smart street lighting can be set to operate only when there are people nearby who need it. The smart lamp-post itself can become a sensor platform for other services such as surveillance or smart parking." The study, which examines the smart city approaches of ICT and IoT vendors and service providers, suggests, for example, that smart water technologies could save water utilities between $7.1 billion and $12.5 billion each year.