Indonesia as the largest archipelago in the world, is the 4th rank as most populous nation in the world with over than 270 million people and becomes the 10th largest economy in terms of purchasing power stability. McKinsey predicted that Indonesia will become the 7th largest economy in the world alongside productivity within sectors and urbanization by 2030.
Planning for Indonesia’s new capital city is expected to promote a more sustainable way of doing business, with plans to create a low-carbon center of government that fully leverages technological advances for greener, more efficient and digitally advanced capital. This provides unlimited opportunities for stakeholders to engage in the country’s long-term smart city planning, expanding on the Smart City Movement” and bringing Indonesia one step closer to its goal of developing “100 Smart Cities” by 2045.
The Movement Towards 100 Smart Cities consists of supporting components, namely smart government, smart development planning, smart green open space, smart transportation, smart waste management, smart water management, smart building, and smart energy.
This concept will create people’s quality of life that continues to increase, houses and buildings that are energy efficient, environmentally friendly buildings and use renewable energy sources.
According to Statistica, revenue in the Smart Home market is projected to reach US$126.10bn in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 13.30%, resulting in a projected market volume of US$207.80bn by 2026.