What's Next for Smart Cities?

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What's Next for Smart Cities?

  1. 1. Driving Market Convergence July 2015
  2. 2. 2 Listen On Demand 2 Now Available On Demand https://www.brighttalk.com/webcast/5564/160311 Or www.frost.com/ab
  3. 3. Cities, not countries, will drive wealth creation New York City, with a GDP of $1.28 trillion, which is the equivalent of being the 15th largest country in the world, close in economic scale to South Korea ($1.12 trillion) BOS-WASH Corridor to have 58.2 million population and to account for 20% of United States GDP in 2025
  4. 4. Key Mega Trends Drive New Smart Building Solutions Mega Cities and Smart Cities Smart Cities Note: The list of micro trends is not exhaustive Image source: Dreamstime; Source: Frost & Sullivan Mega Trend Macro Trend Micro Trend Urbanization Connectivity and Convergence Smart is the New Green Smart Grids and Smart Meters Business Analytics for the Energy Advisory Market Business Automation and Energy Management Systems 4
  5. 5. United States to House at Least 5 Smart Cities by 2025 Smart City by 2025 Potential Smart City by 2025 Seattle San Francisco Los Angeles Chicago New York Boston Portland San Jose Projected Smart Cities, United States, 2025 Austin • US city governments will invest approximately $41 trillion over the next 20 years to upgrade their infrastructure to benefit from the IoT. • The US smart grid market is expected to reach approximately $26.7 billion by 2017, with a CAGR of 13%. Kansas City
  6. 6. Consumers View Smart Buildings as Key to a Smart City Of the 25 attributes surveyed, those that are related to smart buildings (energy efficient buildings and buildings with advanced systems), smart technology (high-speed broadband connections/WiFi and 4G technology), and smart infrastructure (infrastructure systems that talk to each other) are rated as most descriptive of a smart city. Base: All respondents (n=1,000). Q8. Please rate your level of agreement with the following attributes as being characteristic or descriptive of a smart city. - Top two box scores Smart Buildings Attribute Smart Technology Attribute Smart Buildings Attribute Smart Infrastructure Attribute Smart Technology Attribute
  7. 7. Selected Smart Cities in 2025 Source: Forbes Smart City List, Innovation City Index, Specific Smart Project Websites for Each City, Frost & Sullivan Global Smart Cities in 2025 Will be Mostly in Europe and North America Paris London Berlin Barcelona Vienna Oslo Helsinki Stockholm Tokyo Singapore Seoul Beijing Tianjin Wuhan Sydney Shenzhen Toronto San Francisco Vancouver New York Seattle Calgary Chicago Los Angeles Amsterdam Copenhagen 7
  8. 8. http://twitter.com/frost_sullivan Follow Frost & Sullivan on Facebook, LinkedIn, SlideShare, and Twitter http://www.facebook.com/FrostandSullivan https://www.linkedin.com/groups/Future-Energy-4727266 http://www.slideshare.net/FrostandSullivan
  9. 9. For Additional Information Jaylon Brinkley Corporate Communications Energy & Environment jaylon.brinkley@frost.com Roberta Gamble Partner and Vice President Energy & Environment Roberta.gamble@frost.com General Inquires North America: 1 877 GoFrost (463-7678) myfrost@frost.com Latin America: +54 11 4777 1550 Europe: +44 (0)20 7343 8383 Asia Pacific: +65 68900999 Africa: +27 21 680 3260 Israel: +972-9-9502888 Middle East & North Africa: +971.4.4331.893 South Asia: +91 (0) 22 6160 6666

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