China, South Korea and Japan might be the First Smart Cities in Asia
According to a recent study conducted by ABI Research, China, Japan, and South Korea are the leading innovators of smart city in Asia. While most other countries in Asia still strive to shift from developing to developed countries, these three production giants are headed towards a new level of technology.
ABS Research predicts that the installation of smart meters in China will cross 350 million by the end of 2021. China will use vendors such as Holley Metering, Huawei, Echelon and Sensus to distribute this technology. The analyst firm also predicted that the Compound Annual Growth Rate of the product would be 22%. Besides that, China is planning to introduce 4.5 million electric vehicles on the streets until 2021, while the report states Japan and South Korea are planning to cross one million mark with electric vehicles. Tesla, Geely, and BAIC are some of the automobile manufacturers mentioned in the report.
The report also indicates that Japan is launching a catastrophe reduction solution. The device will include Emergency Warning System developed by NEC. The device will pre-inform both citizens and government if any natural calamities like tsunami or earthquake are about to take place. The software will also identify the most impactful area and allow the government and citizens to take preventive measures. Japanese Government Official stated that “If this technology was here ten years ago, we could have saved thousands of lives from the Tsunami which took place in 2011.”
As per the conclusion of the report, ABI Research stated that there is a large opportunity for Asian countries if they take their initiations towards smart cities.
Countries like India and Sri Lanka also have taken their initiatives towards smart cities. But, due to lack of adequate resources and infrastructures they are lagging behind. While the government in India has facilitated the citizens with highly secured internet connections, the country is not capitalizing on the provided resources.
Apart from China, Japan, and South Korea, other Asian countries will soon initialize their steps towards the IoT and smart cities. The benefits of smarts home are massive, but still, people are holding their steps back from embracing this innovation. With smart homes, there will be better security, efficient energy consumption, smarter products and remote management of home appliances. Smarter homes are the first initiation towards smarter cities; if people are willing to shift to this new technology then soon every city in the world will be smart.