Smart Transportation Becoming the Focal Point for Smart City Projects Worldwide, According to New Pike Research Tracker
BOULDER, Colo.--(BUSINESS WIRE)-- The past twelve months have seen an explosion of interest in the smart city concept. Cities around the world have announced new smart city strategies and innovative projects, and many existing programs have been rebranded as smart city initiatives. According to a new tracker report from Pike Research, a part of Navigant's Energy Practice, more than 50 percent of smart city projects are focused on innovations in transportation and urban mobility. The tracker identifies and details 130 smart city projects underway across the globe.
"Smart city initiatives cover a wide range of projects, but urban mobility is becoming a lynchpin issue that ties together energy reduction, sustainability, and technology innovation," says research director Eric Woods. "Devising an environmentally friendly, economically efficient, and voter-acceptable mobility strategy for the modern city is at the top of the priority list for many smart city planners."
The growing interest in smart city programs is creating a global market opportunity that represent billions of dollars in annual revenue. City officials see sustainability as closely tied to the economic opportunities for their cities. City officials understand that the growth industries of the future will be closely linked to the development of information and communication technologies and services, as well as innovative clean technologies, and they see the smart city concept as both a useful marketing tool and a means of coordinating investment and innovation.
The report, "Smart City Tracker", provides survey results regarding the current state of smart city developments around the globe in all their diversity. In particular, the tracker covers five key industry sectors as they relate to smart cities: smart energy, smart water, smart transportation, smart buildings, and smart government. It also looks across these sectors at projects that address multiple aspects of city operations. The tracker includes 130 projects, more than 90 percent of which address issues related to energy, transportation, or government. These projects are segmented by region and by primary industry sector. An Executive Summary of the report is available for free download on the Pike Research website.
About Pike Research
Pike Research, which joined Navigant's global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Smart City Tracker," is a summary and reflects Pike Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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