India $15.3B 100 Smart Cities Mission – Where are the Opportunities Today
September 1, 2016 | IDCEstimated reading time: 3 minutes
IDC Government Insights’ recently published report “India Smart Cities" reveals that India is seeing increased interest and uptake in smart city initiatives to boost domestic productivity, quality of life and address the country’s pressing socioeconomic problems. IDC believes that government officials play a critical role in driving the development of India’s smart city roadmap 2025 by leveraging digital and other technologies to boost government efficiency and productivity.
Rapid urbanization has led to considerable infrastructure and socioeconomic problems. Indian cities annually require about 2.5 million new dwellings; but less than 15 per cent of the requirement is being constructed. In order to mitigate the challenges, the Government of India has allocated an outlay of Rs 98,000 crore (US$ 15,329.26 million) to execute 100 smart cities mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for 500 towns and cities in the next 5 years to promote smart solutions for the efficient use of available assets, offer economic activities, investment and employment opportunities, and improve the quality of life of a wide range of residents.
IDC believes that smart city projects offer significant partnering opportunities between technology vendors and the government across various initiatives. These includes Integrators like IBM, Oracle and Accenture who provide unified integration of multiple components; Network Service Providers such as Cisco and Verizon, who offer collaborative networks and data analysis Product Vendors like Honeywell, Schneider Electric, and Siemens who provide products that operate as main nodes of connectivity; and Managed Service Providers like IBM and Infosys, who provide monitoring, management and consulting.
"Many of the smart city projects are run in silos by government authorities without any consent of the citizens. The government should start focusing on open governance where the experience of citizens living will be taken into account to transform the future cities to achieve long term sustainability," says Gerald Wang, Head, Asia Pacific Government and Education, IDC Government Insights.
"The Indian government's vision for a smart digital India will enable State governments and urban local bodies to integrate ICT into their future city master plans, thereby increasing opportunities for IT vendors in the smart city space in the country," says Shalil Gupta, Associate Vice President – Insights and Consulting, IDC India.
"IDC also recommends vendors to partner with local governments to support smart city pilots and initiatives as a channel to showcase solution functionality, best practices and business benefits. Citizens or consumers are a driving force in the public and private sector adoption of sustainability initiatives. Government leaders and city planners that play a significant role in improving the management and operations of the smart city projects will be key towards the long-term success of these programs. Sustained innovations and investing in emerging ICTs must eventually meet the socioeconomic outcomes of public needs," concludes Shreyashi Pal, Asia Pacific Market Analyst, IDC Government Insights.
About IDC Government Insights
IDC Government Insights assists government policy, program, and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of government and IT industry experience, our global research analyzes and advises on business and technology issues facing the Federal/Central and local/provincial Governments. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company.
Suggested Items
Warm Windows and Streamlined Skin Patches – IDTechEx Explores Flexible and Printed Electronics
04/26/2024 | IDTechExFlexible and printed electronics can be integrated into cars and homes to create modern aesthetics that are beneficial and easy to use. From luminous car controls to food labels that communicate the quality of food, the uses of this technology are endless and can upgrade many areas of everyday life.
iNEMI Packaging Tech Topic Series: Role of EDA in Advanced Semiconductor Packaging
04/26/2024 | iNEMIAdvanced semiconductor packaging with heterogenous integration has made on-package integration of multiple chips a crucial part of finding alternatives to transistor scaling. Historically, EDA tools for front-end and back-end design have evolved separately; however, design complexity and the increased number of die-to-die or die-to-substrate interconnections has led to the need for EDA tools that can support integration of overall design planning, implementation, and system analysis in a single cockpit.
Koh Young Showcases Award-winning Inspection Solutions at SMTconnect with SmartRep in Hall 4A.225
04/25/2024 | Koh Young TechnologyKoh Young Technology, the industry leader in True 3D measurement-based inspection solutions, will showcase an array of award-winning inspection and measurement solutions at SMTconnect alongside its sales partner, SmartRep, in booth 4A.225 at NürnbergMesse from June 11-13, 2023. The following offers a glimpse into what Koh Young will present at the tradeshow:
Real Time with… IPC APEX EXPO 2024: Plasmatreat: Innovative Surface Preparation Solutions
04/25/2024 | Real Time with...IPC APEX EXPOIn this interview, Editor Nolan Johnson speaks with Hardev Grewal, CEO and president of Plasmatreat, a developer of atmospheric plasma solutions. Plasmatreat uses clean compressed air and electricity to create plasma, offering environmentally friendly methods for surface preparation. Their technology measures plasma density for process optimization and can remove organic micro-contamination. Nolan and Hardev also discuss REDOX-Tool, a new technology for removing metal oxides.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).