China Case Study
• The total market size of China’s Smart City build in 2014 totalled more than USD 13 billion; this estimate only included traditional ICT.
• In January 2013, the Ministry of Housing and Urban-Rural Development (MOHURD) formally announced the first list of national pilot Smart Cities, which included an initial 90 cities; a further nine cities were added soon afterwards. Since then, Smart City projects have been rolled out yearly to help other smart cities build experience and knowledge.
• An additional 103 pilot Smart Cities were announced in August 2013, followed by an announcement in April 2015 that included 84 additional pilot cities, 13 cities for enlargement and 41 special pilot projects.
• A new generation of information technology has recently developed dramatically, bringing Smart Cities’ development into a new era described as the “Four Everywhere”; sense everywhere, connect everywhere, data everywhere and service everywhere.
• Intelligent devices including sensors, cameras, smart terminals, robots and IoT have been applied to water, weather, energy, environment and every corner in a city, making everything from objects to people sensible, connected and recorded. This has thus generated a vast amount of data, which could potentially feed into a series of services.
Potential business opportunities lie in the data recorded and generated by sensors and connectivity concentrated in cities, which could be utilized to add value and advance an individual’s life efficiency, city monitoring and operation.