Smart City Platform Growth Driven by COVID-19 Response and Drive to Resiliency According to New ARC Research

New ARC Advisory Group emerging market research on the Smart City Platforms market reveals that many cities and governments are finding that smart city platforms are helping them mount a more effective response to the COVID-19 pandemic and for developing a more resilient infrastructure moving forward.  The research forecasts the market for smart city platforms through 2024 and analyzes key growth drivers and headwinds.

 “Smart city platforms are IoT-enabled solutions that allow end users to gain seamless access to data across the multiple siloes of functionality that exist in today’s cities.  These include applications like transportation management, health and public safety, environmental (including water and wastewater), energy, governance, the built environment, and more,” according to Larry O’Brien, vice president of research at ARC Advisory Group and key author of ARC’s Smart City Platforms Market Analysis and Forecast study. “This is particularly relevant today as cities and towns struggle to deal with the economic and social challenges posed by the COVID-19 pandemic.

“Traditionally, these systems have existed in isolation, with a wide variety of legacy equipment and systems.  Smart city platforms provide a single environment for managing data from all of these applications and systems, and more importantly they have the ability to take the large amounts of data coming from these systems and turn it into actionable information to address specific issues within the city,” added O’Brien.

About ARC’s Smart City Platform Research

This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year forecasts for the smart city platforms market.  This new research is based on ARC’s industry-leading market research database, extensive research, and proprietary economic modelling techniques.  The research includes five-year market forecasts by geographic region, applications (transportation management, energy, environmental, buildings, governance, and more), hardware, software, and services.  The report also looks at types of services provided, from remote monitoring to project services, as well as shipments by city size.  Cloud-based smart city platform environments are also growing rapidly, and ARC looks at the various types of platforms used for software, including cloud, on site/edge, and hosted solutions.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations.  These include a:

• Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast.  This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.

• Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.  The PDF is available with or without detailed charts.

For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.