Technology is a global development facilitator. According to the market database, the digital economy is expected to add 48% to China’s GDP in 2035, up from 23% in 2020. In 2019, the ‘Data Transmission, Software and Information Technology Services’ sector expanded by 14.8%. Because of the introduction of 5G, consumer AI, the commercial Internet of Things, smart city, and the Internet of Vehicles, it is projected that this growth rate would rise to 22% per year on average between 2020 and 2025.
Smart Cities Features
In areas such as connectivity, communication, shopping, and accommodation, smart cities seek to increase the standard and effectiveness of our daily lives, primarily through the use of innovations such as connected vehicles, big data, and cloud computing. The incorporation of information into technology, with greater urbanization, would also help to expand cities fulfill the demands of more residents with fewer resources. The applications and future implications of this market can be studied using Global Market Database. Additionally, a smart city initiative in China intends to place artificial intelligence in charge, from robots serving coffee to office chairs rearranging themselves after a meeting. China is leading the global race, digitizing urban environments by using artificial intelligence (AI)-powered big data modeling and analysis to better navigate urban living resources and public spaces. Market research tools can study the technological purview associated with the Chinese economy.
China’s smart city growth is largely top-down and mostly powered by government funding, but there are major opportunities to work with private technology firms to improve urban living. At the same time, as most ventures are based in the more economically integrated eastern seaboard, the construction aligns with China’s regional future development.
China currently has approximately 800 smart city pilot projects under development, more than half of the world’s number. China is witnessing a rapid phase of urbanization, needing more digital, data-based, and smart social governments. The Chinese government strongly identified the pledge to smart cities in its 12th Five-Year Plan released in 2011. Shanghai, Beijing, Guangzhou, Xi’an, Yinchuan, and Hangzhou have been prominent examples of older urban areas undergoing smart city makeovers in the years following.
The Project City Brain
Since 2016, a smart city system developed by Chinese technology giant Alibaba named “City Brain” has been in use in Hangzhou, a city in East China with a population of 9.47 million. City Brain is an artificial intelligence system that combines big data and big computing power to enhance and solve traffic problems. City Brain has recently also helped eliminate traffic congestion by 15% by tracking every vehicle in the city. The change in Chinese markets since the introduction of City Brain can be studied using Global Market Database. The effect of Smart cities on the varied industry verticals can also be analyzed using this free market research tool. Global Market Database provides free market data across 600+ markets and 12 different industries.
The developers for City Brain believe that by establishing preemptive traffic management and policing, it can manage traffic for the whole area, forecast when traffic delays would happen, and even avoid traffic accidents. This would potentially allow the smooth functioning of the transportation network within this region. The change in dynamics associated with this market can be studied using market research tools.
Beidou Navigation Satellite Positioning System
In July 2020, a Chinese variant of GPS, the Beidou navigation satellite positioning system, covered the entire globe. This addresses the challenge of China’s dependency on US GPS, which would have been an aim in the US technology war someday. Since smart cities rely enormously on navigation mapping functionality, if the same did not work, it could be proved catastrophic. Moreover, to prevent complete dependence on the U.S. system, it is also important for China to have its navigation system. Beidou has a precision of 10 cm, which has taken 30 years to create, whereas GPS provides just 30 cm. Beidou needs to pair smartphones for user navigation to enable smart city functions. A market value of CNY 400 billion was generated by China’s satellite navigation service. According to the market database obtained from Market research tools, the GDP contribution for Beidou was accounted to be 0.4% in 2020.
Target Cities in Project
Thailand, closer to China, has also been catching pace with its proposals for smart cities. Under the government’s 20-year strategic plan, it has set an ambitious target of converting 100 urban areas nationally into smart cities by 2022, to enhance the economy and quality of life. According to segments obtained from market research tools, seven aspects cover the features of smart cities under the plan, i.e., economy, mobility, and the ecosystem. The phase of transition has started in cities in six provinces: Bangkok, Phuket, Chiang Mai, Khon Kaen, Chon Buri, Rayong, and Chachoengsao. They are expected to meet five requirements to get approved for smart city development. First, having specific geographical borders and smart city objectives; second, an investment and growth strategy for infrastructure; third, developing a transparent and safe city data platform; fourth, offering smart community solutions; and fifth, using a concept of sustainability management.
Smart Cities in China study by Market Research Platform
China has partnered with several international organizations, such as the International Organization for Standardization (IOS), on smart city standards and government technologies. Global Market Database analyses the impact of these strategic alliances on the smart cities within this region. The compounded growth and development of this nation can be studied through this market research platform.
Moreover, in China, government departments mostly use third-party software to meet the public where they are rather than building infrastructure and expecting people to discover and use it. WeChat, a popular networking platform created by Tencent, now has over a billion people using it for social alerts, payments, and messaging. Within WeChat, several cities across China have developed mini-programs to link with their residents in a way that does not require them to exit the application.