The rankings were compiled following an extensive study of cities around the globe as published in its latest research
According to Juniper Research rankings, Shanghai is considered to be the world’s number one smart city for 2022.
The top 5 smart cities are:
- New York
The ranking of 50 world cities is based on an evaluation of many different aspects of smart cities, covering transportation and infrastructure, energy and lighting, city management and technology, and urban connectivity.
The research particularly lauds Shanghai’s Citizen Cloud as a one-stop point for over 1,000 different services for city residents.
Thanks to their rapid deployment of data management platforms, efficient, digitised utility management and public services have become common in many cities across Asia, allowing them to climb Juniper Research’s rankings.
Additionally, the research found that smart city initiatives will generate almost $70 billion in spend annually by 2026, up from $35 billion in 2021.
Much of this will focus on smart grid initiatives, which will save over 1,000 TWh of electricity in 2026; equivalent to more than 5 years of energy consumption by Greater London at present levels.
We’ve reported that Mastercard launched virtual card solution for instant B2B payments.