In an article for Smart Cities Dive, Navigant Research looks at how city managers are leveraging IoT technologies to solve transportation issues
With an estimated 3 million people moving to cities each week, urban traffic issues like congestion, gridlock, and long commutes are only expected to get worse. While road improvements, mass transit systems, and carpooling initiatives have helped to some degree, savvy city managers are now banking on technology — specifically the Industrial Internet of Things (IIoT) — to further alleviate traffic.
In an article for Smart Cities Dive, Neil Strother, principal research analyst at Navigant Research, looks at how cities are using IIoT technologies that leverage connectivity to pull in data from local streets, highways, parking facilities, and even weather reports and event calendars, to provide a real-time view of traffic and to inform a course of action.
“These smart cities projects point to a growing demand among city officials to test and deploy IIoT technologies to help solve urban transportation problems, and create safer, more automated, and more efficient roadways,” Strother wrote. “Other cities are likely to follow with similar projects of their own, though the shape and size of those will vary based on local needs.”
Strother added that global revenue connected to IIoT transportation device shipments is expected to increase from $2.2 billion in 2017 to nearly $5.7 billion in 2027 at a compound annual growth rate of 10 percent. Additional revenue from related software and services is expected to boost these estimates, with much of the buying activity taking place in North America and Europe.