According to Juniper Research, the energy savings will be achieved as a result of converting lamps to energy-efficient LEDs, as well as the addition of connectivity to monitor and control the status of each individual light; saving up to 50% energy per light.
Juniper’s new report — Smart Cities: Leading Platforms, Segment Analysis & Forecasts 2019-2023 — found that connected street lights were set to grow on average by 42% per annum between 2019 and 2023, reaching close to 70 million units by the end of the forecast period.
The report argues that growing open platform adoption would enable street lighting to act as a major hub point for additional smart city services, such as public safety and smart transport.
Juniper found that Siemens’ MindSphere platform, coupled with its City Performance Tool and recent Mendix acquisition, represented a “compelling offering”.
In addition, the company (Siemens) was able to offer significant market vertical expertise to aid in service launches.
“Meanwhile, Oracle is able to offer a broadly capable platform in addition to extensive worldwide smart city deployment experience,” Juniper says.
The research found that many cities were now moving away from point solutions, towards platform procurement and, it argued that street lighting platforms would serve as the entry point for a number of cities looking to deploy smart city projects.
“The cost savings enabled by smart street lighting mean that many cities will look to this as a first-stage smart city project”, said research author Steffen Sorrell.
“Choosing an open platform will be key here, as additional services can be launched from the same point, while simultaneously driving up third party vendor competition.”