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

  • Hybrid and EVs growth impact on traction motors predicted by Frost & Sullivan
    May 17, 2012
    Electrification in vehicles is a key trend in the automotive industry. The increase in electric components within vehicles is boosting the market for traction motors and Frost & Sullivan says it anticipates the European traction motor market to grow at a compound annual growth rate (CAGR) of 50 per cent for hybrid electric vehicles (HEVs) and electric vehicles (EVs). Permanent magnet motors are expected to dominate the market by virtue of their performance and efficiency. However, the growing concern over t
    Read More
  • Harnessing the power of smart technology
    June 28, 2018
    Keeping the public safe in a changing world requires smart thinking and sensible deployment of technology. Peter Jones of Hitachi Europe examines some available options From human threats, such as terrorism, to digital threats like hacking, the growing sophistication of crime is posing serious challenges to public safety. At the same time, mass urbanisation threatens to exacerbate these problems as there are more people to keep safe. According to a new whitepaper from Hitachi and Frost & Sullivan, Public
    Read More
  • Data goldmines offer rich pickings
    May 31, 2013
    Astronomical is not too grand a term to describe the current rate of growth in transportation-related data. Massive amounts of traffic related information, such as speed, volume, incidents and weather are being generated every second by road operators and users alike. Big data’ derives its name from the sheer amount and complexity of available raw data. Its potential value is starting to emerge among the intelligent transportation systems community. A gold rush is taking place to capture this value, with da
    Read More
  • Development of cooperative driving applications for work zones
    July 17, 2012
    The German AKTIV project is researching several cooperative driving applications for use in work zones. PTV's Michael Ortgiese details progress. The steep increases in traffic volumes predicted back in the early 1990s have unfortunately been proven to be more than accurate. In Germany, the AKTIV project continues to look into cooperative technologies' potential to reduce the impact of those increased traffic volumes and keep traffic moving despite limitations in infrastructure capacity.
    Read More

Highlighted Content