Global smart city construction investment data
Nowadays, when governments of various countries start to invest in new infrastructure, high technologies such as blockchain, artificial intelligence, Internet of Things, and big data have become key components of urban development plans in various countries. Especially those super-large cities have invested more funds in smart city projects, which will bring a lot of convenience to urban residents in work and life.
According to the latest global market research report from International Data Corporation (IDC), spending on global smart city initiatives will reach $124 billion in 2020, an increase of 18.9% compared to 2019. From a regional perspective, the United States, Western Europe, and China will account for more than 70% of global smart city spending throughout the forecast. Overseas in Europe, the Middle East and Asia, including cities such as Singapore, Seoul, London, Helsinki and Melbourne, are among the best examples of smart cities.
In 2020, smart city spending in Latin America and Japan will become the fastest growing regions, while Tokyo, New York, London, and Singapore will each exceed $1 billion in smart city construction spending in 2020. According to Deloitte statistics, China's smart city market alone has maintained a growth rate of more than 30% in recent years.
No matter which smart city it is, it is inseparable from the promotion of digitalization in all aspects of economy, life, and governance. From local key areas to all industries, from the government to enterprises and residents, all must move towards digitalization. Therefore, new requirements have also been put forward at the technical level. Not only big data capabilities, AI capabilities, and blockchain capabilities are required, but also application construction capabilities and connection capabilities will also be required, and investors will also invest in new technologies. and application areas.
What exactly is investing in smart cities?
The city has now evolved into a fertile ground for incubating new industries. Many city managers regard the construction of smart cities as building a unified digital base for the city. The urban smart brain has also become a fertile ground for carrying the digital economy. In the process of building a smart brain in each smart city, it will breed many new industries. For smart cities that are urbanized, informatized, and data-based, network security, Data security will become very important.
Investment depends on the direction of the wind, the track, and the region. If there are more people, more projects, and better vitality in this region, investment will come. As an investor, you will pay more attention to the infrastructure, and at the same time, you will ambush the applications derived from these infrastructures in advance.
1. Invest in the upstream of smart cities
Investors will pay the most attention and the first attention to the underlying infrastructure, such as the blood vessels and bones of our human body. To this extent, we will pay attention to a series of technologies such as 5G, big data, artificial intelligence, etc., how to complete the smart city equipment manufacturing, Including hardware facilities and software design.
2. Invest in the midstream of smart cities
Cities need a large amount of data transmission. Our ability to see, hear, and move, corresponds to the operation of cameras, various terminals on the Internet, and machines. And these constructions include top-level design, system integration, operational services and solutions. With the prevalence of digital economy and new infrastructure, investing in data assets, investing in technologies and projects that realize data value has become an increasingly clear investment direction.
3. Invest in the downstream of smart cities
This refers to the large system of the entire smart city, based on different scenarios, such as smart transportation, smart medical care, smart agriculture and other scenario applications.
What needs can CyberVein smart city solutions meet?
Smart city projects can only find their own value and market space if they find the real rigid demand, and can better leverage the government's industrial and policy resources. The smart city is a very big thing to do, and it is a carrier for the implementation of all technical capabilities. This is not something that ordinary cities or ordinary small projects can do. It requires a strong alliance to integrate a large amount of resource cooperation and support.
Cities around the world are replacing educated guesswork with data-based decisions. In the process, city managers are building a whole new kind of infrastructure that combines bits and pieces of data with steel and stone to benefit residents, the environment, and society.
Data is the core production factor of the data economy. Whether its circulation is "smooth" or not is the key to the construction of urban life, but it often leads to "blockage" of circulation due to issues such as security, uneven distribution of data benefits, and data ownership. CyberVein provides a guarantee for the comprehensive promotion of urban digital transformation.
According to the principle of "overall planning, co-construction and sharing", CyberVein creates a DAVE data switch of "Internet of Things, Data, and Intelligence". PISR database, DAG storage chain, Cytrix distributed computing power platform, AI federated learning and decentralized NFT issuance and auction platform can all build a "lightweight, centralized and shared" smart city brain, centering on data collaboration, technology Collaboration and business collaboration, gather multi-source heterogeneous data such as government services, city operation perception, market and social subjects, formulate unified data standards, interface specifications, and call rules, and realize cross-department and cross-industry system platform data docking.
The entire ecology of CyberVein revolves around the operation of big data, helping to establish a data element market, improving the mechanism of data element production, confirmation, circulation, application, and income distribution, building a dynamic data operation service ecosystem, and improving the flow mechanism of digital elements, exploring Form an information facilitation system, guide the establishment of a data governance and security system, promote the maximum discovery of data value, and further improve social productivity and operational efficiency. CyberVein allows the seeds of some cutting-edge technologies to take root and germinate, allowing more countries and regions to form smart city ecology.
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