29 Sep '11, 10pm

Market for Smart City Technology to Reach $16B a Year by 2020

Market for Smart City Technology to Reach $16B a Year by 2020

There are many visions for cities of the future, as GreenBiz colleague John Davies noted in a blog earlier this week. But idea of a smart, connected urban environment is central to those views. GreenBiz Group's term for that highly connected world is VERGE , and a forecast just out from Pike Research says the market for technology to support such a world is expected to grow to $16 billion in spending annually by 2020. From 2010 to 2020, total investment in smart city infrastructure is expected to reach $108 billion. "No single technology defines the smart city, except perhaps ubiquitous broadband communications," the report from Pike says. "However, a number of iconic technologies can be highlighted as key components of the smart city vision. " They include the solutions that make smarter buildings, utilities, transportation and government (think public works, safety and e...

Full article: http://www.greenbiz.com/blog/2011/09/29/market-smart-city...

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