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Annual Market for Global Smart City Communication Networks Expected to Reach $13.4B in 2027

By   /  April 5, 2018  /  No Comments

by Angela Guess

According to a recent press release, “A new report from Navigant Research examines the market for smart city communication networks across the energy, water, mobility, buildings, and government sectors, providing global forecasts through 2027. In smart cities, the evolution of communication networks—which connect the sensors, controllers, cameras, and other hardware infrastructure capturing valuable data from the city environment—serves as a fundamental building block for further market development. As the global smart city market moves into a period of increasing maturity, a growing focus on underlying communication networks is presenting more options for a variety of use cases, each meeting unique connectivity needs.

The release goes on, “The report, Smart City Communication Networks Market Overview, analyzes the challenges and opportunities for smart city communication networks, with a focus on the five main sectors: smart energy, smart water, smart mobility, smart buildings, and smart government. The study explores the market issues and dynamics associated with smart city communications and covers the viewpoint of communication service providers, communication infrastructure vendors, IT vendors, and city governments. Global market forecasts, segmented by region and industry sector, extend through 2027. The report also examines the key communication technologies related to smart city communication infrastructure, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.”

Read more at Business Wire.

Photo credit: Navigant Research

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