IDC: China’s Smart City Investment Will Reach 200 Billion Yuan ($29.77 billion) in 2022


Today, on February 21, IDC released a report, predicting that by 2022, China’s smart city investment will reach 200 billion yuan ($29.77 billion).

Regardless of the ‘Guangdong, Hong Kong, Macao and Dawan District Development Plan Outline’ issued on February 18, it is clearly stated that the smart city cooperation between Guangdong, Hong Kong, and Macao should be strengthened, and smart transportation, smart energy, smart municipalities, and smart communities should be vigorously developed. In the other eight urban agglomeration plans (including the Yangtze River Delta Urban Agglomeration Development Plan, the Chengdu-Chongqing Urban Agglomeration Development Plan, the Shandong Peninsula Urban Agglomeration Plan, the Yangtze River Mid-Urban Urban Agglomeration Development Plan, and the Central Plains Urban Agglomeration Development Plan, and the Guanzhong Plain Urban Agglomeration Development Plan) have all clearly proposed the construction of a smart city group.

Smart city

In 2019, the construction of smart cities is changed from application-oriented to platform-oriented, from project construction-oriented to operational service-oriented, from government management and people’s livelihood services to industrial promotion.

Urban cloud centers, urban big data centers, and urban unified operation centers have gradually become the focus of construction. Smart transportation, smart municipalities, and smart environmental protection have become innovative construction scenarios. IDC predicts that by 2022, China’s smart city investment will reach 200 billion yuan.

In addition, the Smart Park is a ‘cell-level’ of smart city construction, including smart communities, shared offices, smart business districts, smart venues, smart industrial parks, smart development zones, smart spots, and many other different options. IDC predicts that by 2020, the investment growth rate of the smart park market will far exceed the growth rate of smart city market investment.

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