The highly increasing demand and concern for public safety, economic growth, government urbanization initiatives and efficient communication have emphasized the need for smart cities. The global smart city market is expected to grow to $410 billion by the year 2025, with an average compound annual growth rate (C.A.G.R.) of 14.8%.
Technological and digitalisation advancements have made the functioning and establishment of hundreds of smart cities much more realistic and attainable. However, there are still many cities around the world that have not been able to attain that status yet. In fact, with approximately 10,000 cities worldwide, the vast majority are still not considered as smart cities. Read more