Smart Cities

“Smart City” technology refers to a broad array of products and services in industries including energy, water, transportation/mobility, public safety, buildings and architectural services, and digital services such as public broadband and apps. There is no consensus definition of a “smart city”, but generally it features technology deployments that use ICT to increase efficiency or improve quality of life. The development of smart city technology is often driven by the convergence of broadband deployment, low-cost connected sensors, and emerging machine intelligence to analyze and interpret the collected data.

The growth of smart cities provides business opportunities for ICT companies focused on aspects of sensing, communicating, and analyzing information. U.S. exporters capable of partnering with companies in smart city application sectors will be best positioned to compete for business in foreign cities and communities. Strong smart cities market growth is expected in Europe and Asia in the coming years. The strong sales opportunities are currently tempered by challenges such as a fragmented standards landscape, accompanying issues with product and service interoperability, and a rise in market access barriers such as data localization requirements and onerous cybersecurity and privacy rules.

Market Opportunity Heatmap for Smart Cities

Key Global Events Not to Miss:

Date

Name

Location

January 9-12, 2019

CES

Las Vegas, NV

February 25-28, 2019

Mobile World Congress

Barcelona, Spain

June 26-28, 2019

Mobile World Congress Shanghai

Shanghai, China

September 11-13, 2019

Global Tech Jam ‘19

Portland, Oregon

October 22-24, 2019

Mobile World Congress Americas

Los Angeles, California

Key ITA Contacts:

Hovan Asdourian, Director, U.S. Commercial Service – Chicago
Kyle Johnson
, International Trade Specialist
Maura Kawai
, Senior International Trade Specialist
ITA Smart Cities Application Industry Analysts


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