Buddy Data Mining The Value In Smart Cities

It's no coincidence Buddy built the Lego Smart City to showcase their expertise - and value proposition - at IOT World.

The following research reports clearly illustrate the the significance to Buddy - and shareholders - of the Noveda acquisition, and the opportunity to be exploited by positioning the company at the vanguard of this rapidly developing market.


1. The worldwide smart cities market hasn’t quite reached $1 trillion yet, but a new research report forecasts that another major milestone won’t be far behind. Frost & Sullivan predicts the global market will be worth $1.56 trillion by 2020.

That’s rapid growth for a market that was barely worth a half-trillion three years ago, but the report says given the population trends, cities no longer have a choice in the matter. They will have to become smarter.
In developed regions, cities will likely hold 81% of the total population by 2025, according to the forecast. That urbanization places tremendous strain on city resources, forcing them to abandon their inefficient management silos for collaboration driven by real-time data.

Energy likely to post powerful growth
While the overall market is expanding, smart energy is forecast to post the biggest gains. By 2025, Frost & Sullivan predicts that smart energy will make up nearly a quarter of the overall smart cities market, posting a compound annual growth rate of nearly 29%.

The growth in smart energy comes as cities scramble to invest in smart grids and intelligent energy solutions to keep up with the demand for reliable power. Distributed energy generation has doubled over the past decade, and the report says energy storage is a key area to watch over the next decade.

Buildings are getting smarter
Ten years from now, smart buildings are forecast to comprise 7% of the total market, and sensors will be a big part of that growth. The report forecasts that in two years, the value of sensors sold will be double what it was two years ago.

A lot of the smart building growth is the result of environmental demands, which is prompting innovation out of necessity. The report highlighted work in Brisbane to share a cooling system among several buildings. A centralized plant would chill water during off-peak periods, and send the cool air into the connected buildings as needed during the day using a network of underground pipes.

The approach is expected to result in energy savings of 30%, and has worked in certain parts of Europe and Asia. But this project would be the first of its kind in Australia, and the study points out that ideas like this will become more common as more demands are placed on urban areas.

http://smartcitiescouncil.com/artic...rt-cities-market-and-why-cities-cant-avoid-it


2. According to a recently published report by Grand View Research, the global smart cities market will hit $1.4 trillion in 2020, nearly triple the global market size of $568 billion back in 2013.

The main factors leading to this increase are the rapidly expanding population, speedy urbanization and industrialization. Smart cities are designed and built to cater to a plethora of challenges and issues – including water management, energy management, urban mobility, street lighting and safety of the citizens. Rapid growth is expected to occur in the smart city market, with an estimated annualized 13.6 % rise each year between 2014 and 2020.

One significant reason smart cities initiatives are being considered is to reduce the dependency on non-renewable resources for energy, as stated by the Globe Newswire. The most current technologies garnering headlines today are critical in the development of smart cities, including cloud computing, wireless communication, sensor networks and data analytics.

As well, smart security has a price tag of a potential $77.2 billion, due to increased cyber-theft. The smart security division is expected to see large gains of 14.8% annually from 2014 to 2020. As well, with the increasing need for integration of intelligent systems and communication infrastructure, industrial automation has projected gains sitting at a 14.4% annual growth rate.

http://readwrite.com/2016/04/08/global-smart-cities-market-doubles-cc4/

3. The driving factors for the growth of smart cities market are technological advancements in the field of IoT, cloud, sensors, & mobility; growing demographics & hyper-urbanization; government initiatives; growing energy consumption & requirement for optimization of energy usage during peak hours; increasing share of renewable energy and limitations in capacity expansion; and decrease in operational cost for smart building infrastructures in capacity expansion.

The building segment is expected to grow with the highest CAGR in the focus area segment
The building technology has significantly changed over time, and various disciplines such as building automation for facility and emergency response management, building energy optimization, parking management, and in-building communication systems, are now being widely adopted. Green building initiates have taken up a center stage across many countries, especially across the Europe, North America, and APAC region.Focus on reduction in energy consumption and concerns over proliferation of environmental wastes are major driving factors for green building initiatives.

Transportation is another major growing focus area during the forecast period. Smart transportation solutions have been successfully deployed in some of the major metropolitan cities around the world, diminishing traffic congestion issues.

http://www.marketsandmarkets.com/PressReleases/smart-cities.asp

Yes, it's early days.

But Buddy isn't just another tech start-up trying to cash in on some quick gains in the RTO market. They are working with - and backed by - some of the biggest names in the industry, and are here for the long haul.

The burgeoning Smart City market is only one of many industry verticals Buddy is targetting. Noveda is a clear indicator of even better things to come. As Dave recently said following IOT World, we are just getting started