Smart sensor technology predicted to drive global smart communities market until 2020

According to the latest research study released by Technavio, the global smart communities market is expected to grow at a CAGR of over 18 per cent until 2020. The report, Global Smart Communities Market 2016-2020, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including smart grids, smart community buildings, smart community transportation, and smart c
April 12, 2016 Read time: 2 mins
According to the latest research study released by Technavio, the global smart communities market is expected to grow at a CAGR of over 18 per cent until 2020.

The report, Global Smart Communities Market 2016-2020, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including smart grids, smart community buildings, smart community transportation, and smart community water.

“The use of smart sensor technologies is supporting advanced IT solutions, such as machine to machine (M2M) communications and analytics. Smart motion sensors capture information and relay a signal to intelligent systems in case any changes are detected in the activity of residents. The use of sensor technology to support smart projects, such as smart traffic, smart lighting, smart waste management, and smart grids, are also on the rise,” said Amit Sharma, one of Technavio’s lead analysts for IT professional services research.

“The use of sensor technology in IT solutions, such as IoT for infrastructure development, is also gaining traction. Sensor technologies, such as fibre optic sensors, are helping build smart waste management systems in many communities. Many similar initiatives are due to be launched over the upcoming four years,” added Amit.
Location Based Systems

Related Content

  • Driver training saves lives, increases profits, reduces costs
    February 3, 2012
    An innovative UK Government initiative on work-related driver training has resulted in astonishing success, not only in terms of government objectives, but also in substantial cost-benefits for companies and public sector authorities participating in the scheme: they save lives and increase profits/reduce costs Here, we present an overview of the initiative and, overleaf, provide a detailed cost-benefit analysis which amply illustrates why it has been enthusiastically embraced by industry and the public sec
    Read More
  • Driver training saves lives, increases profits, reduces costs
    February 6, 2012
    An innovative UK Government initiative on work-related driver training has resulted in astonishing success, not only in terms of government objectives, but also in substantial cost-benefits for companies and public sector authorities participating in the scheme: they save lives and increase profits/reduce costs Here, we present an overview of the initiative and, overleaf, provide a detailed cost-benefit analysis which amply illustrates why it has been enthusiastically embraced by industry and the public sec
    Read More
  • Smart parking for a smarter city says Beecham Research
    March 28, 2014
    Smart Parking could relieve congestion, reduce driver frustration, improve health and give a vital boost to the future of our cities, says Dr Therese Cory, the principal author of a new report from Beecham Research. Cities are centres for business, government and culture, attracting high volumes of workers and visitors. But today, the use of modern communications and information technology is enabling City authorities to explore new ways to make their cities work better. The Beecham report examines a nu
    Read More
  • Heavy cost of car safety systems gives buyers pause
    September 11, 2013
    New research by Frost and Sullivan finds that constant technological innovations in automotive safety warrant frequent updates to legislation. With the number of fatalities and injuries on the rise, legislative authorities in Europe are taking a keen interest in the safety of pedestrians, passengers and drivers. This enhanced focus on safety has far-reaching ramifications for the automotive industry.
    Read More

Highlighted Content