As long as humans live in cities, there will be a drive to improve the urban environment
After the 2008 financial crisis, a new approach to urbanism and service delivery began to take root worldwide. With advancements in technology, city planners devised new ways to monitor the needs of urban residents and use technology to deliver services. By deploying the Internet of Things across myriad tasks of urban management, the “smart city” was born.
Agencies can share data through virtual replicas and demonstrate the inner workings of municipal systems.
Municipalities generate vast volumes of data, and digitally enabled smart cities go even further. They leverage the Internet of Things to gather information about traffic flows, population trends, water, sanitation and a range of other indicators.
What if you could pull all that together to make a virtual model of the whole city, with its many interconnected parts and pieces?
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According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The electric vehicle motor market was valued at $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological advancements related to electric vehicles are taking place, due to government initiatives, which further propel the market growth. Moreover, factors such as a significant rise in income levels and increase in urbanization in emerging countries of Asia-Pacific are reliable engines of growth for the electric vehicle motor industry.
Read more: Smart City: How EV Motors are Transforming Urban Commutes
Tracking the movements of equipment, people, and even automobiles in a smart city can produce useful information that improves parking availability, garbage collection routes, and transportation system performance.
Smart cities automate operations like traffic, energy use, and trash management by using Internet of Things (IoT) sensors in metropolitan areas to gather data. Smart cities achieve this by increasing the effectiveness of urban services, cutting costs, and delivering a greater level of living.
Read more: Optimizing Urban Services with IoT and Smart City Initiatives
This networking approach can serve citizens artificial intelligence, vehicle-to-everything and other advanced applications. Cities around the world are increasingly investing in smart city technology to deliver economic, social and environmental benefits for their constituents. As the adoption of this technology grows, so too must the underlying technology infrastructure and applications. Today’s smart city investments must be future proofed to support ongoing innovation and to continue to deliver ROI on scarce public IT resources over time.
Read more: How Multi-Access Edge Computing Will Impact the Future of Smart Cities