Despite the negative impact of COVID-19 on tax revenue and depressed market conditions in 2020, many cities and governments are finding that smart city platforms are the key to mounting a more effective response to COVID019 and to developing a more resilient infrastructure moving forward.  The latest edition of the ARC study forecasts the market for smart city platforms through 2024 and analyzes key growth drivers and headwinds for the marketplace.  

Autodesk, Inc. announced it has signed a definitive agreement to acquire Pype, a provider of cloud-based solutions for automating construction software for project management workflows.

Connected & autonomous vehicles, shared mobility concepts, and the shift to electric vehicles (together referred to as CASE) was a primary track at ARC’s 24th annual Industry & City Forum, we hosted a “Future of Mobility” session where four leaders in the mobility space joined us to share their perspectives and experiences around the CASE transition. In this article, we will take a look at the presentation from Professor Harish Chintakunta of the Advanced Mobility Institute at Florida Polytechnic Institute. 

Technology is increasingly being deployed at all levels of government around the world to combat COVID-19.  While ARC sees significant headwinds affecting smart city markets over the next couple of years due to decreased tax revenue, reduced workforce, and more, many cities, states, and countries are forging ahead with large increases in technology investment both to combat COVID-19 and reignite economic growth in beleaguered cities.  While ARC expects many smart cities-related markets to decline in 2020, this increased investment in technology will provide an impetus for growth and quick recovery.  Here are some examples of what’s happening around the world right now.  

In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd.