Ranging from mobility offering to innovative and advanced payment options, cities are undergoing a smart transformation.
FREMONT, CA: Smart city movement started when the city planners turned to leverage technologies to shape the cities more efficiently. For an increasingly evolving industry like these smart innovations, it is hard to narrow down the list of informational innovations or the trends that shape the annual period. 2019 will witness the Smart Cities Dive and its trends that are predicted to persuade the smart city space in the coming year.
2019 is likely to be called as the year of progress on other modes of transportation. Last December, Elon Musk's Boring Company disclosed its first hyperloop test tunnel in Hawthorne, CA to a torrent of criticism that the new transportation did not reach the hype. This would not help the traffic congestion in the Los Angeles area. While 2019 is considered as a big year for the maglev and other train systems. In the mobility space, 2019 will see the development of new electric bikes which are expected to hit the road in the coming years.
The dockless bikes and scooters were so successful in the year 2018, and now after a short run, the most shared mobility companies are bloomed for acquisition. Uber kicked off the consolidation trend in the last year when it acquired Jump, helping Jump advance its offerings and enhance customer service. However, the consolidation trend is far from over, as car-centered companies are looking to learn even more into the shared mobility market.
Shared mobility companies are attracted towards this trend, not only by pushing customers away from personal vehicle usage but also by encouraging new uses of individual parking spaces. Electronic scooter giant Bird touts that one traditional car space can fit ten scooters, suggesting that cities can start transforming car-assigned parking spots into scooter spaces. According to a report, the markets spending on smart parking products and services are expected to increase at a CAGR of 14 percent and surpass $308 billion by 2023.