Navigant Research Report Shows the Annual Market for Global Smart City Communication Networks Is Expected to Reach $13.4 Billion in 2027

With the Internet of Things market set to expand over the next 10
years, there is a need for continued evolution of smart city
communication networks

BOULDER, Colo.–(BUSINESS WIRE)–#5G–A new report from Navigant
Research examines the market for smart city communication networks
across the energy, water, mobility, buildings, and government sectors,
providing global forecasts through 2027.

In smart cities, the evolution of communication networks—which connect
the sensors, controllers, cameras, and other hardware infrastructure
capturing valuable data from the city environment—serves as a
fundamental building block for further market development. As the global
smart city market moves into a period of increasing maturity, a growing
focus on underlying communication networks is presenting more options
for a variety of use cases, each meeting unique connectivity needs. Click
to tweet: According to a new report from @NavigantRSRCH,
the global market for smart city communication networks is expected to
grow from $5.8 billion in 2018 to $13.4 billion in 2027.

“Ultimately, cities will need several different types of communication
networks to execute on any comprehensive smart city strategy,” says Ryan
Citron, senior research analyst with Navigant Research. “While there
will be space in the market for many connectivity options to coexist,
all stakeholders should recognize the importance that 5G networks will
take on in the coming decades, particularly if emerging low power
cellular options are recognized as part of the 5G portfolio.”

According to the report, a wide range of communication network options
exist today, including fiber, radio frequency (RF) mesh, cellular,
Wi-Fi, power line communications (PLC), and low power wide area networks
(LPWANs) such as LoRa and Sigfox. With the Internet of Things (IoT)
market set to expand over the next 10 years, there is a need for
continued evolution of these networks and increasing interest in
emerging cellular offerings such as 5G networks, Narrowband IoT
(NB-IoT), and LTE-Cat-M1.

The report, Smart
City Communication Networks Market Overview, analyzes the
challenges and opportunities for smart city communication networks, with
a focus on the five main sectors: smart energy, smart water, smart
mobility, smart buildings, and smart government. The study explores the
market issues and dynamics associated with smart city communications and
covers the viewpoint of communication service providers, communication
infrastructure vendors, IT vendors, and city governments. Global market
forecasts, segmented by region and industry sector, extend through 2027.
The report also examines the key communication technologies related to
smart city communication infrastructure, as well as the competitive
landscape. An Executive Summary of the report is available for free
download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Smart City Communication Networks Market Overview, is a
summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]