Berg Insight, an independent industry analyst and consulting firm, includes Libelium as a leading vendor company in a broad report about the smart cities market (specifically in urban air quality and smart parking applications).
The study “Smart Cities: Connected Public Spaces” investigates major application areas for connected public spaces including smart street lighting, smart parking, smart waste collection, air quality monitoring and smart city surveillance.
According to this new research report from the IoT analyst firm Berg Insight, the installed base of urban air quality monitoring devices reached 73,000 units in 2020 and will grow at a CAGR of 34% to reach 315,000 units in 2025.
“Many cities have now finally started to realize the immense value that IoT-enabled and relatively low-cost and small-sized air quality monitors could bring by facilitating substantial improvements in the spatial and temporal resolution of urban air quality data,” said Levi Ostling, smart cities analyst at Berg Insight.
Libelium as a leading IoT company vendor
Libelium provides IoT solutions for the cities since 2006. Additionally, there is a community of +10,000 developers employed in the world’s largest companies that have developed IoT projects in +120 countries with Libelium’s technology.
Recently, Libelium has signed a capital raising deal to incorporate the investment firm Axon Partners.
The report is a 360-degree overview of the smart cities ecosystem that captures insights from 50 new executive interviews with market-leading companies, Libelium among them. In these interviews, experts forecast the market by region and technology lasting until 2025.
Summary: The smart cities market continues to evolve at a high pace
The public spaces of a city – such as streets, squares, and transportation hubs – have become more and more crowded and congested by traffic. Meanwhile, safety concerns are also heightened as the risk for criminal activities, traffic accidents and even terrorist attacks grow larger. Improvements in the management of the public spaces of cities, therefore, become important to ensure that growing challenges of energy consumption, environmental degradation, and public safety are addressed in the best possible way. The advancement of IoT technologies has opened up entirely new possibilities for cities to efficiently manage assets, resources, and services across multiple city verticals, and effectively given rise to the concept of smart cities. Five smart city verticals have emerged as particularly important for the management of public spaces: smart street lighting, smart parking, smart waste management, urban air quality monitoring, and smart city surveillance.