Smart Cities. Technologies. Connectivity. Future.

LLC NEWLAND technology / 11.09.2019

Smart Cities. Technologies. Connectivity. Future.

Smart City… Definition, concept, future image are perceived though our digital devices.

We are starting a series devoted to “Smart city” concept, IoT, Big Data which are actively discussed not only in the area of information technology, but among ordinary people interested in global digital processes.

"Smart City" is a concept of united information technologies and IoT (Internet of Things) to manage municipal buildings (hospitals, schools, kindergartens, libraries, etc.), transport, health and network systems, water supply, waste collection and elimination, public services, etc.

Technologies. Connectivity. Future.

Smart cities and smarter projects have been among the most actively discussed realizations made possible by IoT, data, connectivity and by leveraging a mix of varied technologies. The interest in smart cities continues to grow, driven by a range of socioeconomic and technological developments across the globe.

A smart city responds to the challenges of our time and quality of life. It also ensures that the city meets the needs of future generations — In terms of economic, social and environmental issues. In short, it is a good place to live with the best possible quality of life and most efficient use of resources. Worldwide smart cities market will grow from its current $622 Billion to $1 Trillion in 2019 and $3.48 Trillion by 2026, registering a CAGR of 21.28%.

Urbanization Sprawl

Mankind has recognized the benefits of urban life. As of 2018, we have 4.2 Billion people in urban cities. And by 2050, the urban population is projected to increase to 6.8 Billion. For the next decade, these urban consumers will be the primary driving factor of global consumption growth adding about USD $20 Trillion per annum to the global goods spend. Urbanization will contribute to sustainable growth thereby increasing productivity, allowing innovation and improving lifestyle.

However, such rapid urbanization is not without a cost. The more significant opportunities for social and economic development are created, the more pressure is exerted on the infrastructure and resources, escalating social inequality.

78,4 % of Belarusians live in the cities.*

The main reason for the smart city development is the ever-growing urbanization in city spaces. Additionally, there is an increase in global life expectancy. 617.1 Million of the world’s population is above the age of 65 and is expected increase to 1.6 Billion from 2035 to 2050.

For instance, considering data from 2019 around 15 % of Belarusians are older than 65 years.*

Keeping the increasing population age in mind, Smart Cities are aiming to create a more sustainable environment.

* According to the data

In the next article we are going to find out the factors which define the image of “Smart City” and positive impacts from new development concept.