Hampshire, UK – 20th June 2023: A new study from Juniper Research, the foremost experts in the sustainability & IoT market, has selected New York as the leading smart city in North America in 2023.
The top 5 smart cities ranked by Juniper Research are:
- New York
- Toronto
- Montréal
- Chicago
- Los Angeles
Juniper Research’s ranking of 50 world cities is based on an evaluation of many different smart city aspects, covering transportation and infrastructure, energy and lighting, city management and technology, and urban connectivity.
The analysis identified New York as a leading city due to its focus on increasing sensor deployments, modernisation of its transit infrastructure and its progress on smart grid deployment. As such, New York was recognised as having a clear vision for its future as a smart city, which is critical for other cities to develop if they wish to emulate its success.
Research co-author Nick Maynard explained: “The Americas are led in smart city terms by cities in North America, with Latin America lacking the comprehensive data infrastructure that is being built in North America. As such, cities in Latin America must build longer-term visions that focus on how to comprehensively harness data to improve urban environments, or they will continue to fall behind.”
For further details, see the new report, Smart Cities Market: Growth, Trends & Market Forecasts 2023-2028, or download a free sample.
Smart City Spend Surging in the Americas
- Hardware and software spend on smart city deployments in the Americas is forecast to reach $23 billion by 2028, from $9.5 billion in 2023; representing a growth of 144%.
- Spend is growing much faster in Latin America, at 285% over the next 5 years, compared to North America at 115% over the same period.
This faster growth in Latin America reflects the large emphasis being placed on city improvements in this market, and represents a key opportunity for smart city service providers, platforms and connectivity providers to target.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and commentary.
For further details please contact Sam Smith, Press Relations
- T: +44(0)1256 830002
- E: sam.smith@juniperresearch.com
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