Companies Referenced
Case Studied: BVG, Jelbi, NEOM, Siemens, Verizon.
Mentioned: 51World, Accenture, ACCONIA, Areti, Argonne, AWS (Amazon Web Services), Baidu, Barcelona Innova Lab, ByteDance, Cambrian, CIC, Cisco, Didi, Divvy, EE, EMT (Municipal Transport Company of Madrid), Enowa, Ericsson, Google, Helbiz, Huawei, HumanForest, IBM, JapanTaxi, KDDI, KDDI, Lime, Lyft, Mapit, McKinsey, MEGVII, Millennium Garages, Mobility House, Motional, Niederbarnimer Eisenbahn, Nihon Kotsu, Nokia, Oracle, Orange, ParkNYC, Rider Dome, RMV (Rhein-Main-Verkehrsverbund), Ryerson University, Sony, Spin, STM (Société́ de Transport de Montréal), Superpedestrian, TfL (Transport for London), Three, Tonomus, Trafi, Transit Wireless, Vodafone, Volocopter, Western Sydney Airport, WeTaxi, Xpeng.
Data & Interactive Forecast
The
Smart Cities forecast suite includes 5-year forecasts for this market, including the following:
- Forecasts for the following segments:
- Smart Lighting
- MaaS
- Smart Traffic Management
- Smart Parking
- Smart Grid
- The following forecasts are provided on a segment-by-segment basis
- Installed Base of Devices/Sensors
- Devices Shipped
- Hardware and Software Spend
- Power Consumption Saved
- CO2e Emissions Saved
Geographical splits: 60 countries
Number of tables: 121 tables
Number of datapoints: Over 51,600 datapoints
harvest: Our online data platform,
harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform; enabling clients to better understand key data trends and manipulate charts and tables; overlaying different forecasts within the one chart – using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.
Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the interactive scenario tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.
Forecast Summary
Juniper Research found that Shanghai is the leading smart city in 2023, ranked first for the second year in a row.
The top 5 smart cities ranked by Juniper Research are:
• Shanghai
• New York
• Toronto
• Seoul
• Shenzhen
The 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.
Shanghai is leading due to its Suishenban Citizen Cloud, which provides access for over 1,000 different services for city residents, as well as its strong deployment of 5G, and its use of innovative technologies including digital twins. The leading cities in this ranking have all rolled out services that are effectively harnessing data and connectivity to improve citizen experiences.
Shanghai has taken a joined-up approach to data, building not only a robust and all-encompassing data platform, but also the connectivity to underpin every aspect of this. This joined-up approach is the biggest takeaway for rival cities wanting to emulate Shanghai’s success, and should be a part of any smart city initiative to ensure success.
• Cost savings from smart city deployments are forecast to reach $249 billion by 2028 globally, from $96 billion in 2023; representing growth of 158%.
• Cost savings represent the monetary impacts of reduced energy usage and emissions from the deployment of smart grid, smart traffic management and smart street lighting.
• These massive savings are a major driver of smart city deployments, and will equate to almost three times the spend on smart city software and hardware by 2028, showing a clear path to return on investment for cities