Internet Of Things To Make More Cities Smart: Gartner
Besides investing for residential use, IoT can be deployed for on-street and off-street parking guidance, road traffic guidance and traffic flow metering.
Electric mobility, charging stations and embedded IoT will generate additional opportunities in smart cities.
For instance, IoT in vehicles or in their batteries, sensing and communicating with a driver or next charging station to negotiate charging terms.
Automobile firms are investing in street lights with charging stations embedded in the post to reduce the infrastructure investment for automobile charging stations.
Though investment in IoT hardware is key to smart cities, the real revenue opportunity for TSPs is in the services and analytics sector.
"Many IoT TSPs will have grown hardware revenues through services and software by 50 percent. We expect smart-home security and safety will represent the second-largest service market by revenue in 2017," Ryan observed.
Smart healthcare and fitness market will grow to 38 billion by 2020.
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