Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Smart City Technology investment in Asia Pacific to total $63B from 2014 through 2023.
Monday, 24th March 2014
Source : Navigant Research
 

Asia Pacific is home to most of the world’s largest and fastest-growing urban areas, and smart city technology is becoming a crucial element of their future development.

Nations throughout the region are sponsoring enormous new urban areas to house growing populations and creating policies that encourage smart city technology to guide their development.

Working with an evolving mix of international and regional smart city technology firms, Asia Pacific governments are piloting a variety of technologies to solve urban problems, reduce urban energy and resource use, and prepare for future growth. Leading cities and providers are taking the initial steps in integrating networks of intelligent technologies to create true smart cities.
 
As the technology continues to advance and mature, Asia Pacific cities in both developed and developing markets are looking to a variety of non-traditional methods to solve the key problem of financing IT and infrastructure improvements.

4Hoteliers Image LibraryAt the same time, the group of solutions providers is growing and diversifying as Chinese and Indian firms adopt smart city strategies and expand out of their home markets, joining Japanese, South Korean, and international technology firms already active across the region.

Navigant Research forecasts that annual smart city technology investment in Asia Pacific will almost quadruple by 2023, reaching $11.3 billion.
 
This Navigant Research report provides an overview of the Asia Pacific market for smart city solutions at a crucial point in development. The study examines the demand drivers, policies, implementation challenges, and technology issues related to smart cities in Asia Pacific.

Market size projections, segmented by region (Australia/New Zealand, Greater China, India, Japan, Southeast Asia, and South Korea) and sector (smart energy, smart transportation, smart water, smart buildings, and smart government), extend through 2023.

The report also provides a comprehensive assessment of smart city initiatives in Asia Pacific and profiles the key industry players in the region.

Get the full report HERE

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Related News  (Click title to read article)
City Momentum Index identifies the world's 20 most dynamic cities.
The millennial survey 2014.
Transforming the workplace with technology.
Countdown to 2015: Creating ASEAN champions.
 Latest News  (Click title to read article)
UK Provinces and East Midlands grow profits, but London loses again
Thursday, 24th July 2014

International tourism: strong peak season anticipated
Thursday, 24th July 2014

Pay the room rate you feel is right
Thursday, 24th July 2014

Mercure: A new look combining innovation and authenticity
Thursday, 24th July 2014

Companies struggle to access information quickly for marketing personalization
Thursday, 24th July 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy