Some figures on IT in smart cities market size: $20Billion USD in 2020 from 6 today

I was recently alerted to this posting from our team in Europe, who continue to find new opportunities in Smart Cities. So just how large is this market?

1. In 2013, 70% of Worldwide Spending on Smart City Projects Will Be Focused on Energy, Transportation, and Public Safety, and 90% of These Will Be at Least Partially Funded by National or International Governments

2. At Least 50% of Smart City Programs Will Be Initiated at the Line-of-Business or City-Function Level

3. Worldwide Spending on Smart Water Solutions Will Reach 1.35€ Billion in 2013

4. Smart City Information Challenges Will Begin to Be Framed as Big Data Issues

5. Local Government Will Remain in the Research and Evaluation Stage Regarding Machine to Machine, 

with Growth in Very Specific City Functions Mostly for Medium-Sized to Large Cities

6. Cities with Open Data Initiatives Will Drive 50% More Private, Citizen, and Crowd sourced Mobile Applications

7. In 2013, Local Government Will Connect to Citizens via Mobile Devices and Social Media, Accelerating a New Type of Citizen/Government Relationship

8. Smart City Programs Will Experiment with New Public/Private, Risk-Reward-Sharing Partnership Models to Make Funding Sustainable

9. At Least Three More Tier 1 Global ICT Vendors Will Enter the Market with a Branded Smart City Solution, Leading to More Intense Competition Among Existing Players

10. At Least 70% of Smart City Programs That Will Succeed Between 2013 and 2015 Will Be Governed by Joint Ventures That Include City Leaders as Key Stewards

The full list of predictions and free sample pages from the full document are available here.

Smart Cities: Infrastructure, Information, and Communication Technologies for Energy, Transportation, Buildings, and Government: City and Supplier Profiles, Market Analysis, and Forecasts

The smart city technology market will grow from 4.56€ billion annually in 2012 to 15.1€ billion in 2020. Trillions of dollars will be spent on urban infrastructure in this period, presenting an immense opportunity for new transport management systems, smart grids, water monitoring systems, and energy efficient buildings. Information and communication technologies will be deeply embedded in the fabric of both old and new cities and will change the way we think of city operations and how we live and work in these environments.