New research predicts that global urbanization will fuel smart cities market growth by nearly 19% over the next 10 years. A recently released report by Persistence Market Research determined that the worldwide smart cities market will grow from its current $622 billion, pass the $1 trillion market in 2019 to eventually reach $3.48 trillion by […]
Tag Archives: smart energy
How the smart machine era will change the world
The other day, my 13-year old brought home a not-so-great report card. I wanted to motivate him to do better, so I asked, “What do you want to do with your life?” He looked up at me. Then, he looked down at our dog, sleeping contentedly on the floor. He looked back at me, and […]
Will autonomous microgrids drive IoT in smart cities?
The ability of microgrids to operate autonomously from larger grids could prove to be a major driver of Internet of Things (IoT) adoption in smart cities of the future. A recent Intel Grid Insights blog piece by Andres Carvallo discussed the pivotal role microgrids will play in smart cities of the future. Carvallo is CEO of […]
Smart energy market valued at $136 billion for next decade
Smart energy firms could see a surge in adoption, as Internet of Things (IoT) devices, platforms and off-the-grid technology reduces the cost of power and improves efficiency in a smart city. Market research group Navigant Research estimates in a report the global revenue of the industry between 2015 to 2024 will be $136 billion. It […]