With the expansion of the Internet of Things market in the next 10 years, smart city communication networks need to continue to develop.
A new report from international market research firm Navigant Research examines smart city communication network markets in the energy, water, transportation, construction and government sectors and provides global forecasts by 2027.
The global smart city communication network market is expected to reach $13.4 billion in 2027
In smart cities, the evolution of communication networks is the cornerstone of future market development. Communication networks connect sensors, controllers, cameras and other hardware infrastructure to capture valuable data from urban environments. As the global smart city market enters an increasingly mature period, the growing focus on basic communication networks offers more options for a variety of applications to meet unique connectivity needs.
According to the report, the global smart city communication network market is expected to grow from $5.8 billion in 2018 to $13.4 billion in 2027.
“Ultimately, cities will need several different types of communication networks to implement a comprehensive smart city strategy,†said Ryan Citron, senior research analyst at Navigant Research. “Although there are many connectivity options on the market that can coexist, all stakeholders are It should be recognized that 5G networks will play an important role in the coming decades, especially if emerging low-power cellular options are identified as part of the 5G product portfolio."
According to the report, there are a wide range of communication network options, including fiber optics, RF grids, cellular, wireless networks, power line communications, and low-power WANs. As the IoT market continues to expand over the next 10 years, these communication networks need to continue to grow and become increasingly interested in emerging cellular products such as 5G networks, narrowband Internet of Things (NB-IoT) and more.
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