SEEDiA collects data from sensors and cameras located in our own projects of solar-powered city furniture, such as bus stops, info-kiosks, benches, trash cans, and hand sanitizers. On that basis, SEEDiA builds AI algorithms to provide knowledge to optimize urban services and reduce costs by up to 43%. A SEEDiA cloud-based platform manages public utilities, transportation, and information. Additionally, it supports the improvement of residents' safety.
The market for smart city technology was worth 95.5 billion USD in 2019 and is expected to grow 30% year on year.
In projects related to SEEDiA’s business (covering sectors of mobility & transport, physical infrastructure and energy & resource efficiency), the market size amounts to:
73 billion USD in 2019, out of which 27 billion was in the public sector and 46 billion in the private one,
144 billion USD in 2023, out of which 71 in the public sector and 90 in the private one. For Smart City Innovation forecasts go here.