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

  • Report analyses multiple ITS projects to highlight cost and benefits
    March 16, 2015
    Every year in America cost benefit analysis is carried out on dozens of ITS installations and pilot studies and the findings, along with the lessons learned, are entered into the Department of Transportation’s (USDOT’s) web-based ITS Knowledge Resources database. This database holds more than 1,600 reports and periodically the USDOT reviews the material on file to draw conclusions from this wider body of evidence. It has just published one such review ITS Benefits, Costs, and Lessons Learned: 2014 Update Re
    Read More
  • Connected offers free I2V connectivity
    November 1, 2016
    A new system could reduce the cost of implementing I2V communications across a city to less than that for a single intersection, as Colin Sowman hears. It may seem too good to be true but US company Connected Signals is offering city authorities the equipment to provide infrastructure to vehicle (I2V) communications for free. The system enables drivers to receive information about the timing of signals they are approaching via the EnLighten smartphone app (or connected in-vehicle display).
    Read More
  • Debating the future development of ANPR
    July 31, 2012
    What future is there for automatic number plate recognition? Will it be supplanted by electronic vehicle identification, or will continuing development maintain the technology's relevance? In recent years, digitisation and IP-based communication networks have allowed Automatic Number Plate Recognition (ANPR) to achieve ever-greater utility and a commensurate increase in deployments. But where does the technology go next - indeed, does it have a future in the face of the increasing use of, for instance, Dedi
    Read More
  • Sprawl spreads the costs and confines the benefits
    June 8, 2015
    A new report says car-centric planning leads to inefficient cities and divided communities as lead author Todd Litman explains. Between 1950 and 2050 the human population will have approximately quadrupled and shifted from 80% rural to nearly 80% urban; by the middle of this century the United Nations predicts an additional 2.2 billion urban residents in developing countries than there are today. How these cities grow has huge economic, social and environmental impacts and implementing proper policies can c
    Read More

Highlighted Content