Smart homes to lead with 294 million smart objects in use this year.
Powered by the Internet of Things (IoT), the smart city of tomorrow will feature intelligent buildings, roads and public transport systems that are connected to each other and its inhabitants through sensors. This real-time information exchange will save people time, reduce environmental impact, lessen traffic and even create value for businesses along the way. Though still relatively new here in the United States, the advent of smart cities has already started taking shape across the world.
Smart homes and commercial buildings will represent 45% of all connected objects in 2015 and 81% by the end of 2020, according to a new report from Gartner. The study also estimates that 1.1 billion Internet-enabled items will be used by smart cities in 2015 with that number to rise to 9.7 billion over the next five years.
The majority of IoT spending for smart cities will come from…
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