Digital Transformation Enabling the New York Smart City Future

Digital Transformation Enabling the New York Smart City Future

Smart and Connected Solutions Drive Urban Initiatives and Strategies to Enable Fair and Sustainable Mobility Solutions

RELEASE DATE
01-Feb-2021
REGION
North America
Research Code: MFF9-01-00-00-00
SKU: AU02120-NA-MT_25188

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Description

Rapid urbanization, high private vehicle density, obsolete infrastructure, and transportation-related emissions are increasingly stressing the urban mobility ecosystem. Cities worldwide are responding by developing more sustainable, seamless, and integrated transport systems. They are also building the necessary regulatory and infrastructure framework required to support smart mobility systems. Other smart city focus areas include driving future employment opportunities, developing equitable communities, and offering a high living standard through efficient digital and connected services. Examining new mobility solutions, autonomous vehicle readiness, digitization, logistics performance, policy and regulatory framework, and transport landscape and vision will enable stakeholders to measure smart city initiatives’ success.

New York is a vital global economic hub but faces several challenges in becoming a smart city. Its total land area is smaller than some other notable cities such as London, bigger than New York by about 138 square miles and has a comparable population size. New York is also an island, limiting its expansion scope. City planners need to take a holistic view of risk versus return in developing a sound strategy. This is because while the strategy improves or addresses a particular challenge, it may negatively impact another area. Brexit and the COVID-19 pandemic are stumbling blocks for the city to overcome, adding to economic challenges and driving the population’s behavior shifts.

Frost & Sullivan highlights New York’s current state, critical challenges, key growth metrics, digital economy, and COVID-19 impact on mobility in this brief profile. The study analyzes government strategies to overcome challenges, initiatives toward smart city mobility, EV strategy, and sustainable mobility by enhancing public transit systems and infrastructure.

New York authorities are driving efforts to address present challenges while focusing on longer-term goals. With the emergence of connected, shared, autonomous, and electric mobility approaches, the city is embracing dynamic mobility service changes. It is investing in digital infrastructure while creating a collaborative environment between industry consortiums and financial investors.

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the New York Smart City Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Growth Metrics for the Smart City Market

Growth Drivers and Restraints for the Smart City Market

Current Landscape, Smart City Market

Changing Mobility Patterns, Smart City Market

CASE Strategies, Smart City Market

Digital Strategy, Smart City Market

Smart Mobility Operating System, Smart City Market

Smart Infrastructure, Smart City Market

Shared Mobility Market Overview, Smart City Market

Shared Mobility Market Overview, Smart City Market (continued)

Public Transport Strategy, Smart City Market

EV Strategy, Smart City Market

Electric Mobility Landscape, Smart City Market

AV Initiatives, Smart City Market

AV Pilots, Smart City Market

OneNYC 2050 Targets, Smart City Market

Growth Opportunity 1: Connected and Smart Digital Services for Sustainable, Resilient, and Equitable Smart City

Growth Opportunity 1: Connected and Smart Digital Services for Sustainable, Resilient, and Equitable Smart City (continued)

List of Exhibits

Legal Disclaimer

Rapid urbanization, high private vehicle density, obsolete infrastructure, and transportation-related emissions are increasingly stressing the urban mobility ecosystem. Cities worldwide are responding by developing more sustainable, seamless, and integrated transport systems. They are also building the necessary regulatory and infrastructure framework required to support smart mobility systems. Other smart city focus areas include driving future employment opportunities, developing equitable communities, and offering a high living standard through efficient digital and connected services. Examining new mobility solutions, autonomous vehicle readiness, digitization, logistics performance, policy and regulatory framework, and transport landscape and vision will enable stakeholders to measure smart city initiatives success. New York is a vital global economic hub but faces several challenges in becoming a smart city. Its total land area is smaller than some other notable cities such as London, bigger than New York by about 138 square miles and has a comparable population size. New York is also an island, limiting its expansion scope. City planners need to take a holistic view of risk versus return in developing a sound strategy. This is because while the strategy improves or addresses a particular challenge, it may negatively impact another area. Brexit and the COVID-19 pandemic are stumbling blocks for the city to overcome, adding to economic challenges and driving the populations behavior shifts. Frost & Sullivan highlights New Yorks current state, critical challenges, key growth metrics, digital economy, and COVID-19 impact on mobility in this brief profile. The study analyzes government strategies to overcome challenges, initiatives toward smart city mobility, EV strategy, and sustainable mobility by enhancing public transit systems and infrastructure. New York authorities are driving efforts to address present challenges while focusing on longer-term goals. With the emergence of connected, shared, autonomous, and electric mobility approaches, the city is embracing dynamic mobility service changes. It is investing in digital infrastructure while creating a collaborative environment between industry consortiums and financial investors.
More Information
No Index No
Podcast No
Author Abhishek Iyer
Industries Automotive
WIP Number MFF9-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9813-A6