BASINGSTOKE, England–(BUSINESS WIRE)–Juniper Research has ranked Shanghai as the world’s number one smart city for 2022.
Juniper Research’s smart city rankings were compiled following an extensive study of cities around the globe as published in our latest research, Smart Cities: Key Technologies, Environmental Impact & Market Forecasts 2022-2026.
The top 5 smart cities are:
- Shanghai
- Seoul
- Barcelona
- Beijing
- New York
The ranking of 50 world cities is based on an evaluation of many different aspects of smart cities, covering transportation and infrastructure, energy and lighting, city management and technology, and urban connectivity.
The research particularly lauds Shanghai’s Citizen Cloud as a one-stop point for over 1,000 different services for city residents. Thanks to their rapid deployment of data management platforms, efficient, digitised utility management and public services have become common in many cities across Asia; allowing them to climb Juniper Research’s rankings.
“Many cities have deployed technology and data to help local authorities reduce environmental impact and energy usage,” remarked research co-author Mike Bainbridge. “The top cities in our recent ranking are finding innovative ways to leverage that technology to deliver observable benefits for their citizens as well.”
For more insights, download our free whitepaper: Smart Cities ~ Technologies Shaping the Urban Future
The $70-billion Smart City Opportunity
In addition to these rankings, the research found that smart city initiatives will generate almost $70 billion in spend annually by 2026; up from $35 billion in 2021. Much of this will focus on smart grid initiatives, which will save over 1,000 TWh of electricity in 2026; equivalent to more than 5 years of energy consumption by Greater London at present levels.
Many areas of smart city development are still in their early stages, particularly outside the leading cities, so initial roll-outs still make up much of the market. Juniper Research notes that this means savings made through smart city technologies will remain high. We expect energy savings alone to reach $96 billion in 2026, making their deployment highly cost-effective in most instances.
Smart Cities market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/smart-cities-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/smart-cities-technologies-shaping-the-urban
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.