19 Jan 2023
Demand for smart city solutions is expected to spike as investments in upgrading telecommunications networks to 5G standards drive growth in digitising city infrastructure and services. This growth is further fuelled by the pressure for cities to reduce emissions, as mandated by regulations. As the sector evolves from traffic management solutions to converging with industry participants creating solutions for data simulation, the sharing economy, social media, and mass transit, Frost & Sullivan’s Smart City Solutions Growth Opportunities analysis highlights the market opportunities in autonomous mobility, future city planning, and smart infrastructure. With the help of the Frost & Sullivan Leadership Council, organisations can identify a continuous flow of growth opportunities to succeed in this unpredictable future.
The emergence of smart city solutions is being driven by a need for cities to become more connected, efficient, and sustainable. Smart city solutions provide a platform for cities to manage their resources, infrastructure, and services more effectively, helping to reduce operating costs, improve the quality of life for citizens, and preserve the environment. Investments in upgrading telecommunications networks to 5G standards are essential for smart city solutions, as they enable the rapid transfer of data and allow for the development of new applications.
In addition to 5G, Frost & Sullivan’s analysis highlights the potential of autonomous mobility, future city planning, and smart infrastructure to unlock the full potential of smart cities. Autonomous mobility solutions, such as vehicle-to-infrastructure and vehicle-to-vehicle communication devices, help create a connected city and reduce traffic congestion. Future city planning solutions enable cities to better visualise the data they collect and create plans for the future. Finally, smart infrastructure solutions allow cities to map out their streets and prepare them for the autonomous vehicles of tomorrow.
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