IoT Analytics, a leading provider of market insights & competitive intelligence for the Internet of Things (IoT), M2M, and Industry 4.0, today published a comprehensive Market Report, focusing on sizing the quickly developing market for Connected Streetlights during the period 2018 to 2023. It is estimated that there will be 41 million IoT connected Streetlights installed globally by 2023. The overall streetlights market will surpass US$3.6B in 2023, growing at a compound annual growth rate of 21% from 2018. Deployment of connected streetlights is gaining traction globally as the technology is one of the key pillars for Smart City initiatives. The growth is fueled by government policies and increasing awareness on the benefits of connected Streetlights which go beyond energy savings.
Cisco has recently filed a U.S. patent application for an invention that it describes as a, “Block Chain Based IoT [Internet of Things] Device Identity Verification and Anomaly Detection.”
The concept has to do with enabling a blockchain-based system that could record changes to the conditions affecting and captured by sensors (i.e., smart objects) in a network and instrumentalize network relationships and the data that the network generates in order to exercise control over those nodes.
The application lists “the smart grid, smart cities, and building and industrial automation” among the types of Low-Power and Lossy Networks (LLNs) that might operate more efficiently with the integration of the invention. The smart objects/sensors that could, at least partially, comprise these networks include “lights, appliances, vehicles, HVAC (heating, ventilating, and air-conditioning), windows and window shades and blinds, doors, [and] locks,” as well as actuators – automated devices that can, for instance, start an engine.
Philips Lighting interactive virtual reality experience envisions smart cities in 2030 – re-imagined underground public spaces and interactive streets enabled by connected lighting.