The urban population across the world is increasing at a rapid pace which has led to several challenges such as sanitation, traffic congestion, environmental imbalance, pollution, and others. Rapid urbanization has led to the migration of the rural population to urban areas which has led to the necessity of making the daily routine of the urban population convenient and comfortable. Thus, the need of incorporating IoT in smart cities has emerged which has shifted the attention of municipalities towards the use of technology in smart cities to enhance the lives of the urban population. These aspects have significantly contributed to the growth of IoT in smart cities market.
The optimal approach to the implementation of smart city solutions will enable a conducive environment for the urban populace. Furthermore, the traffic issues can be resolved easily and the safety of the public also can be ensured. These features of IoT in smart cities may augment market growth.
Smart Traffic Solutions Prove to be Growth Boosters for IoT in Smart Cities Market
The safety of the individuals commuting from one destination to another needs to be ensured. Thus, to accomplish this aspect the government bodies have focused their attention on the development of smart traffic solutions. The smart traffic solutions fetch GPS data and thus the location and speed of the vehicle can be accessed from any location. The cloud-based management platforms can predict the traffic flow and measure the congestion. Additionally, they can monitor and run the signals automatically which can cater to avoiding traffic jams and ensures the safety of the commuters. The smart control system can measure real-time traffic conditions and control the traffic lights accordingly. Various apps have been developed to make the users aware of the traffic situation. All these developments in smart cities due to the incorporation of IoT can bring a major shift in the market scenario.
Smart parking solutions play a crucial role in helping consumers find an appropriate space for parking digitally in the hustle and bustle of overcrowded cities. The GPS data enables the users to track the available parking space which makes it easy and convenient for them to find proper parking space. The information of the closest parking spot received in form of notifications through the app helps the user spot the parking space without hassles and saves their time.
Public Transport to Become More Efficient and Safe Due to IoT in Smart Cities
The public transport system has become safer and more convenient due to the IoT in smart cities, The IoT sensors provide information to the users based on their traveling patterns and make it easy to find the best possible travel options at a click. Furthermore, it is safe and convenient as it carries out various functions such as ticket booking, travel time, pick and drop facilities available at that time, and many other things. These aspects have created immense growth opportunities for the IoT in the smart cities market.
The information related to delays in trains and availability of seats can be found easily through the apps which have made travel easy and quick for the commuters. Furthermore, cancellations and refunds are also possible without hassles. These features have made the IoT in smart cities popular among the global population.
Cost-effective maintenance of Street Lights in IoT Based Smart Cities to Boost Market Growth
The IoT-based smart cities have enhanced their lighting systems through maintenance and control of street lamps in a cost-effective way. In addition, it provides better services through IoT integration by analyzing the lighting schedule and managing the lights as per the requirement. The automation of lighting systems through IoT in smart cities may open new growth avenues for the IoT in smart cities market across the globe.