Smart city development spending is estimated to reach $41 trillion worldwide between 2016 and 2036, including investments in existing infrastructure and implementation of internet of things (IoT) technologies to connect the urban ecosystem. Cities — or more specifically, the innovative leaders guiding our cities toward a smarter future — are clearly eager to operate more intelligently and efficiently. And for good reason, as cities are currently consuming more than 65% of the world’s energy and are responsible for an even greater percentage of our total emissions.
Cities at their core are layers of roads, buildings and people. To improve cities, we need to zoom in on where most of metropolitan life takes place: buildings. They are some of the most impactful and equitable smart city investments because intelligent buildings are cost-effective, accessible to a wide range of facilities to benefit all residents and are easy to enhance with improvements such as those that lead to significant energy savings.
SmartSpace Software Plc (LONSMRT) is focused on technologies that make real estate more efficient and organisations more effective. Listed on the Alternative Investment Market of the London Stock Exchange, we provide leading smart workplace software and technology to the commercial workplace, retail and hospitality real estate sectors.