THE ACTIVITIES

Intelligent Systems: a rapidly expanding global market.

By 2020, ABI forecasts that the number of active wireless connected devices (IoT ) will increase from around 16 billion in 2014 to over 40 billion by 2020. ABI’s research on smart cars, for example, shows that there are around 10 million registered vehicles with IoT in the World today and that this will increase to over 400 million by 2030.  IDC forecasts that the worldwide market for IoT solutions will grow from 1.9 trillion USD (2013) to 7.1 trillion USD by 2020.  

With the increasing convergence of technologies, particularly within such interrelated fields as IT, telecom / internet, digital sensoring, sustainable energy, smart energy grids, logistics, security systems, material recycling, infrastructural and business system management, transport systems, simulation etc, the growth rate within the field of intelligent systems is expected to rise exponentially within the foreseeable future.

The rapidly expanding global urbanisation is highly conducive towards the growth of the market for intelligent solutions for the built environment.

According to the United Nations, 54 per cent of the World’s population today live in urban areas. This will increase to 66 per cent by 2050. This means an additional 2.5 Billion people will live in urban areas by 2050.

The Quantum Innovation Park is being designed to enhance the competitiveness of all organisations established at the Park by promoting access to the necessary complementary – and interdisciplinary –  knowledge, experience and resources necessary for achieving leading-edge competence.