services and uptake of other new platforms for
communication, data sharing and application development will play a
key role in enabling budget-strained city and municipal government
deliver economic growth while meeting sustainable development
goals, according to a new report from Navigant Energy
Practice's Pike Research.
The Boulder, Colorado-based market research and consultancy
forecasts cumulative investment in "smart" government technology
will total nearly $4.8 billion between 2011 and 2017. That in North
America alone will exceed $1 billion per year in 2017, while annual
investment in cloud services for smart cities will reach nearly
$1.4 billion worldwide in five years' time.
"Cloud-based computing, in particular, offers new options for
cities that reduces capital expenditure, provides access to new
skills, and reduces time-to-deployment of new solutions," research
director Eric Woods stated in a press release. "Cloud-based
systems also enable cities to take advantage of the huge
amounts of operational data they collect to improve efficiency and
develop new services."
Pike researchers cite "smart city" cloud and information
communications technology (ICT) investments being made around the
world as indicative of the trend, as well as the range of
sustainable development strategies city leaders are considering and
carrying out to spur economic growth.
In its "Smart Government Technologies" report, Pike assesses the
business drivers, market forces and technology trends "that are
transforming the use of information and communications technology
and related technologies in smart cities and communities." A free copy of the report's
Executive Summary is available on Pike's website.
CHR Solutions agrees with Pike's assessment. We view the local
government market as a prime opportunity for cloud
and managed service offerings. We
can assist service providers in assessing this opportunity and
developing strategies to pursue it.