Smart Cities: The New Frontier For Opportunities In Iot
Smart cities has been a topic of great interest of late. Growth of smart cities has been driven by increasing pressure on existing infrastructure, the need to utilize energy sources effectively and manage resources optimally. In addition, the increasing role and awareness of M2M/IoT solutions have influenced the decision makers, government bodies and public authorities to invest in smart cities. This report looks at the components that define and make up an end-to-end smart city solution and outlines some successful case studies of smart city deployments globally. The report discusses evolving trends and changing mindset for monetization opportunities that makes M2M/IoT practical and profitable for smart cities. The report also analyzes market opportunity and revenue forecast analysis by smart energy, smart transportation, smart infrastructure and buildings, smart security, smart homes, smart healthcare, and others (smart governance and eLearning). It further discusses what M2M eco-system partners should be aware of, especially from a data handling, challenges and monetization perspective. Revenue forecast analysis includes telecom companies, hardware, software and services, and system integrators. The study will answer some other key questions including: - What are key drivers and challenges affecting implementation of smart cities- policy, technology, economic aspects shaping smart city adoption, privacy and security, Big Data etc.? - Identifying fastest growing and ROI sectors within smart cities- opportunity analysis.
Sources: Compass Intelligence’s segment and market forecasts, which include business expenditures, market demographics, and usage and adoption statistics are built using multiple sources, including proprietary Compass Intelligence research. These sources include, but are not limited to, secondary research, government data and statistics (e.g. Department of Commerce, Federal Communication Commission, Bureau of Labor Statistics and US Census Bureau), primary research, vendor-based research and in-depth interviews with key decision-makers, where relevant. Compass Intelligence selects data sources to provide greatest degree of perspective on each market or segment, in addition to the highest level of data accuracy, stability, and consistency over time.
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