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COVID-19 impacts on the control room marketApril 03, 2020This brief provides Omdia's initial insight into the potential impacts of COVID-19 on the command and control room market.Subscribers Only
Surging demand for consumer security cameras and video doorbells spurs new competition, challenging market leaders Nest and ArloMarch 03, 2020The global market for do-it-yourself (DIY) standalone network security cameras is forecasted to surge by 80 percent by 2024—a rapid pace of growth that is attracting new competitors.
Asia surpasses North America to become world’s largest smart speaker marketFebruary 24, 2020Globally, more than 100 million smart speakers were shipped in 2019, up about 41 percent from 72 million in 2018. Shipments are expected to increase by an additional 36 percent in 2020.
Ecosystem expansion in ECC’sFebruary 12, 2020This brief provides insight into the changing competitive landscape for emergency control centers.Subscribers Only
Safe Cities flourish; Asia Pacific is the largest marketJanuary 09, 2020The safe city, a modern-day concept centered on providing security for urban dwellers, continues to thrive, with the range of technologies oriented toward safe-city dynamics projected to enjoy solid growth in the years to come.
Digital assistant vendors take leadership positions on the IHS Markit Smart Home Vendor ScorecardSeptember 30, 2019Among the 10 leading smart home vendors, tech giants Amazon, Google, Alibaba and Apple sell digital assistant solutions. Three of these companies—Amazon, Google and Alibaba—placed among the top-four competitors ranked by the Scorecard.
2019 IEEE Smart City SummitSeptember 19, 2019According to the United Nations, 68% of the world population will be living in urban areas by 2050. As the world’s population continues to concentrate in urban areas, cities have more complex problems to solve. A rising number of city governments believe Smart City projects are a solution to these difficulties. IHS Markit defines a “smart city project” as one that uses an information and communication technology (ICT) system to improve efficiency, manage complexity, and enhance the quality of life of citizens; thus, leading to sustainable improvement in city operations. Smart city projects tackle problems like traffic, poor air quality, or even potholes.
New smart home strategies to push market revenue above $192 billion in 2023September 03, 2019The fastest-growing device types in the market include lighting, smart speakers and connected major home appliances. The United States led all countries in 2018, representing about 35 percent of global market revenue. China was second, accounting for an 18 percent share.
Reducing financial risk of smart citiesAugust 27, 2019The number one challenge for smart cities is securing funding for projects. Implementing technology, coordinating disparate stakeholders, and determining return on investment are all major challenges of a smart city project, but nothing has the singularity of power to kill a smart city proposal like lack of funding. Although there is not a single solution to this problem, there is one common cause, the financial risk of projects. Because these projects are often focused on introducing new technologies and new applications to a city there is more uncertainty surrounding these projects than routinely completed projects, like repairing streets.
Smart city projects can draw from various types of investments and funding strategiesAugust 08, 2019As the world’s population continues to concentrate in urban areas, smart cities are increasingly viewed as the holy grail toward easing the deleterious effects of urbanization. Yet a formidable array of tasks and challenges confronts every would-be planner, builder, and investor of the smart city. Securing city-level government investment, for instance, is a major undertaking. Substantial upfront costs are also often required, proving a deterrent for many cities. Important to the success of any smart city initiative, however, are two vital components: the appropriate type of investment, and a viable strategy for funding.
Smart building business model insightsAugust 06, 2019IHS Markit Technology (now part of Informa Tech) have just published the ‘Smart Buildings Business Models Market Brief – 2019’ and we would like to share with you an interesting summary on the different business models currently used by Smart Buildings vendors.
Open protocols and cloud-based architectures led the conversation at ISH 2019April 01, 2019At the ISH 2019 trade fair this year, leading companies competing in the home and building automation sector were once again present in Frankfurt, Germany, showcasing their latest products and advances, with a highlight on open protocols and cloud-based architectures. There was additional emphasis placed on building information modelling (BIM) services, as this is a topic of substantial industry interest.
With Asia on the rise, global smart speaker revenue reached $7.9 billion in 2018February 06, 2019Smart speakers and digital assistants catapulted consumer home automation from the fringe to the mainstream. Now regions outside of North America are looking to reap the benefits of voice technology.
Global intelligent ANPR camera market to grow at 16.4 percent CAGR through 2022November 23, 2018The global market revenues from sales of intelligent ANPR devices are forecast to reach $800 million by 2022 and increase at a compound annual growth rate of 16.4 percent.
Growth in police body-worn cameras fuels digital evidence-management market evolutionOctober 04, 2018The global installed base for law enforcement and police body-worn cameras is forecast to increase by nearly 30 percent in 2018, exceeding 1.5 million body-worn cameras in use worldwide.
Smart cities: A more liveable future, todaySeptember 09, 2018IHS Markit expects to see a surge in the number of smart cities across the globe.
The United States continues to dominate the North American smart city marketJune 28, 2018As of June 2019, the United States has the overwhelming majority of Smart City Projects in the Americas, with 312 of the 418 recorded projects in the Smart Cities Project Database. (Available to subscribers only)Subscribers Only
Siemens expands its smart buildings presence through its acquisition of Building RoboticsJune 27, 2018On June 26th, 2018, Siemens Building Technologies Division announced its intention to acquire Building Robotics Inc., a vendor responsible for the smart workplace application, Comfy. This is the third smart buildings acquisition Siemens has announced this year, having also acquired Enlighted and J2 Innovations in the past two months.
How the new GDPR helps smart cities adoption in the EUMay 23, 2018Data gleaned from individuals serves as the foundation of smart cities, but privacy is a major concern. The new GDPR is going into effect in the EU on May 25, 2018. It will unify regulations, bringing power and confidence back to EU citizens and residents, giving them greater control over how their personal data is used and protected.
IHS Markit reveals the top four Smart Cities predictions for 2018 and beyondDecember 15, 2017Smart cities are a growing market. Within IHS Markit IoT segmentation of connect, collect, compute, and create IHS Markit highlighted the top four trends that will shape the smart city market in 2018 and beyond.