Over 17 percent annual growth in smart cities

According to a study by the eco association, smart cities are the future. It predicts an average annual growth of over 17 percent.

This corresponds to an increase in sales of over 46 billion euros within five years. The study outlines trends and challenges in detail for a total of nine segments of the German smart city market. The authors expect particularly high sales in the market segments of digital education (16.6 billion), transport & logistics (14.8 billion) and building automation (14.1 billion).

“Smart cities are no longer science fiction, but a very attractive market – not only for companies in the Internet industry,” says eco CEO Oliver Süme. “The advancing digitization, the associated availability and increasing importance of data, but also the growing challenges in the field of energy efficiency and sustainability, as well as, last but not least, the ongoing pandemic are creating numerous innovative business models with great potential for more livable cities.” In order to leverage this potential, high-performance and secure digital infrastructures, clear governance for handling data, as well as strong cooperation between companies and administrations and holistic concepts are required. Süme expects not only appropriate political support and framework conditions from politics. The state and administration must also play a pioneering role in the application of smart technologies and digital solutions.

Source: com! professional by www.com-magazin.de.

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