Smart Cities are at the forefront of the IoT revolution, much like the utilities and automotive sectors. With an increasing focus on urban development and sustainability, Smart Cities are rapidly adopting IoT technologies for powering infrastructure, transportation, and public services. According to Statista the anticipated worldwide earnings for smart city technologies, products, and services are expected to achieve a value of 89 billion U.S. dollars by the end of 2023.
For 1NCE Smart Cities is one of the growth sectors in IoT. We support more than 1,000 customers already today in the area of Smart Cities. Prominent use cases are street lighting, emission control, smart parking, waste management or car sharing. Also, we see that Smart City projects are turning into a global business based on the fact that we support companies in the US, UK, Chile, Poland, Japan and Korea.