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Introduction

The smart city is a vertical which has seen a lot of hype. However, progress to date has been slow and steady, rather than the smart city utopia dreamed of when smart city solutions were first introduced more than a decade ago.

Highlights

  • This research note highlights the key messages from our recent report Monetizing the Smart City: Successful financing and business models and our Smart Cities IoT Projects Tracker 3Q19.

Features and Benefits

  • Highlights the key messages from our recent report Monetizing the Smart City: Successful financing and business models and our Smart Cities IoT Projects Tracker 3Q19.
  • Offers advice to technology suppliers on how to monetize the smart city vertical.

Key questions answered

  • Which smart city applications have the clearest business case?
  • How can innovative business models reduce the risk for cities?

Table of contents

Ovum view

  • Summary
  • Fragmentation, financing and a lack of long-term viable business models are inhibiting smart city growth
  • Smart Lighting and Smart Parking have the clearest business cases, reflected in the high number of deployments to date
  • Innovation in financing and business models is needed to monetize the smart city

Appendix

  • Further reading
  • Author