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Smart City Innovation and Growth Opportunities

  • Report

  • 53 Pages
  • November 2022
  • Region: Global
  • Frost & Sullivan
  • ID: 5695858

Transformative Mega Trends Redefining the Need to Create Self-Sustainable Smart Cities

With 2.5 billion more people expected to live in cities by 2050, development of smart cities is no more a choice but a necessity. Smart city as a concept is still evolving, with different cities adopting different strategies. While the aim of smart city development is to enhance and enrich the lives of the citizens, from the perspective of a government, there is a strong need for smart cities to be self-sustainable. The end goal of a smart city is to become self-sustainable not only in an ecofriendly way but also in a way that works toward solving future critical issues with ready solutions, without the challenges of funding and technology availability. A self-sustainable smart city stands out other so-called smart cities by being proactive and not fragmented or reactive. Self-sustainability will help cities become truly smart and resilient.

This study primarily focuses on the elements of a successful smart city, the roadmap to develop a self-sustainable smart city, and recommendations that would help make a smart city self-sustainable. A detailed case study of Copenhagen is appended to illustrate various initiatives taken by its government that set apart Copenhagen’s smart city efforts from other cities in the world.

Table of Contents

1 Strategic Imperatives
  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Smart City Industry
  • Growth Opportunities Fuel the Growth Pipeline Engine™
2 Growth Opportunity Analysis
  • Orthogonal View of a Smart City
  • Growth Drivers and Restraints
  • Elements of a Successful Smart City
  • The Road to a Self-sustainable Smart City
  • Smart City Monetization Models
  • Smart City Monetization Models - Data Monetization
  • Smart City Monetization Models - IH
  • Monetization Model Analysis
  • Role of Community Engagement
  • Community Engagement Concept
  • Community Engagement Strategy
  • Outcome of a Successful Community Engagement Strategy
  • Recommendations for Self-sustainable Smart City Development
  • Recommendations for Self-sustainable Smart City Development - Step 1: Understand the City
  • Recommendations for Self-sustainable Smart City Development - Step 2: Identify Challenges and Objectives
  • Recommendations for Self-sustainable Smart City Development - Step 3: Set Incentives
  • Recommendations for Self-sustainable Smart City Development - Step 4: Execution Support
3 Case Study - Copenhagen
  • Characteristics of Copenhagen
  • Copenhagen’s Smart City Vision
  • The Core of Copenhagen Smart City Development
  • Copenhagen’s Smart City Overview
  • Overview of CDE
  • CDE - Business Model
  • Challenges and Lessons from CDE
  • The Start of RDH
  • Differences Between CDE and RDH
  • Other Copenhagen Smart City Projects - Copenhagen Connecting Initiative
4 Growth Opportunity Universe
  • Growth Opportunity 1: IoT-enabled Smart Buildings
  • Growth Opportunity 2: Advanced Building Mobility Solutions
  • Growth Opportunity 3: Circular Economy and Sustainability
  • Growth Opportunity 4: New Business Models
  • List of Exhibits
  • Legal Disclaimer