Shanghai is Asia’s Leading Smart City in 2023 - Juniper Research

KUALA LUMPUR, July 20 (Bernama) -- Shanghai is Asia's leading smart city in 2023 due to its comprehensive data systems, according to a new study from Juniper Research, the foremost experts in the sustainability & Internet of Things (IoT) market.

The research analysed Shanghai as leading due to its strong data platform, comprehensive deployment of 5G, and use of innovative technologies, including digital twins, reflecting a well-considered and progressive smart city design, which can be seen as an example for other cities to emulate.

According to a statement, other smart cities ranked by Juniper Research are Seoul, Shenzhen, Sydney and Beijing.

Asian smart city spend is growing by 120 per cent with hardware and software spend on smart city deployments is forecast to reach US$42 billion by 2028, from US$19 billion in 2023. (US$1=RM4.55)

Spend is growing much faster in the rest of Asia Pacific, at 303 per cent over the next five years, compared to the Indian Subcontinent at 231 per cent and Far East & China at 76 per cent, over the same period.

Meanwhile, growth in Far East & China is slowing, with smart city projects being more mature in countries like China, Japan and South Korea.

However, emerging markets such as Indonesia, Thailand and Vietnam will boast much stronger growth, as smart city initiatives get underway, and cities build the comprehensive data systems needed for success.

Juniper Research’s ranking of 50 world cities is based on an evaluation of many different smart city aspects, covering transportation and infrastructure, energy and lighting, city management and technology, and urban connectivity.

-- BERNAMA