Smart Cities Market - Rising Trend of Automation Drive Demand

Market-Research

Smart cities are developed urban areas designed with a perspective of creating high quality of life and sustainable economic development by through advancement in several key sectors including technology, economy, environment, mobility, people, and government. The concept of smart cities is aimed to offer a set of infrastructure and new generation services with the support of Information and Communication Technologies (ICT). 

Globally, there has been rapid growth in urbanization; however, unplanned urbanization is leading to several constraints to sustainable growth. This is leading to demand for planned urbanization. The growth in urban areas is increasing due to better infrastructure, healthcare, the quality of knowledge communication and social infrastructure. 

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The primary focus of smart city projects is on improving energy efficiency and reducing the dependence on non-renewable resources for fuel. Smart cities offer enhanced public safety and security by detecting problems early on. Between 2015 and 2050, the number of people living in cities is expected to grow from around 3.6 billion to around 6.3 billion. 

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This has created the need to incorporate a smart city concept to address all the arising challenges, by implementing modern infrastructure, enabling smart and intelligent solutions and technologies. As a result, the demand for smarter cities is expected to remain high in the coming years.