The Smart City Market in Germany 2021-2026
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Beschreibung
The Covid-19 pandemic, climate protection goals, increasing urbanisation and international competition for technological trends and locational advantages for industry are stimulating the digitalisation of large parts of society. This development poses major challenges for cities and municipalities in terms of the prioritisation and financing of projects related to the Internet of Things (IoT) and the Smart City. In recent years, the concept of the Smart City has become a driver for the automation of central pillars of societal and economic coexistence. In the study “The German Smart City Market 2021-2026”, eco – Association of the Internet Industry and Arthur D. Little have availed of analyses and expert interviews to investigate the following: how the market and its segments will develop over the next five years, what effect the Smart City will have on climate targets, and what implications this will have for cities and companies.
Those responsible for urban development will learn from our study about trends, best practices and recommendations for action to make cities more interesting and sustainable for citizens and businesses. For the Internet industry and its companies, the study’s results show that the Smart City is an attractive growth market for the future.
The revenue volume of the German Smart City market will grow from 38.5 billion Euro in 2021 to 84.7 billion Euro in 2026. According to the study, this corresponds to an average annual growth of 17.1 percent. The continuous and strong growth is attracting many established technology giants, but also numerous start-ups. In every segment of the Smart City, a multitude of innovative business models can be found that use future-oriented technologies to turn the status quo on its head. The concentration of start-ups is highest in the areas of “Health”, “Financial Services” and “Transport & Logistics (Mobility)”, and lowest in the areas of “Digital Education” and “Public Administration”. Arising from this, when compared with the 2017 study, current figures reveal that new stakeholders and technologies have now become established. This development may intensify competition in the German Smart City market in the future and increase growth further.
But how can German Smart Cities cope with the flood of innovative technologies, organisational challenges and financial barriers? How can companies and investors serve as a solid source of much-needed funding? And how can German cities and municipalities achieve their sustainability goals with Smart City building blocks? In this study, Arthur D. Little and the Association of the Internet Industry aim to provide answers to these questions.
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Internet of Things Nachhaltigkeit Smart City