Juniper Research has ranked New York as one of the world’s top Smart Cities for 2022.
The top five Smart Cities are named as: Shanghai, Seoul, Barcelona, Beijing and New York.
The ranking of 50 world cities is based on an evaluation of many different aspects of Smart Cities, covering transportation and infrastructure, energy and lighting, city management and technology, and urban connectivity.
“Many cities have deployed technology and data to help local authorities reduce environmental impact and energy usage,” said Research Co-author Mike Bainbridge. “The top cities in our recent ranking are finding innovative ways to leverage that technology to deliver observable benefits for their citizens as well.”
In addition to these rankings, the research found that Smart City initiatives will generate almost US$70 billion in spend annually by 2026; up from US$35 billion in 2021. Much of this will focus on smart grid initiatives, which will save over 1,000 TWh of electricity in 2026; equivalent to more than five years of energy consumption by Greater London at present levels.
Many areas of Smart City development are still in their early stages, particularly outside the leading cities, so initial roll-outs still make up much of the market. Juniper Research notes that this means savings made through Smart City technologies will remain high.
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