17 Mar
2022
With the emerging technologies in developing countries, the whole world is getting more advanced. Smart city is one of the most trending technologies in the modern era. Smart city means a metropolitan area that can enhance the quality of life by facilitating modern disruptive technologies like IoT, AI, data analytics and more.
According to a report published by Allied Market Research, the smart cities market size is projected to reach $2402.123 billion with a considerable CAGR from 2018 to 2025. North America is currently holding the highest market share for the global smart cities market, owing to significant amount of smart city solutions.
Following are the major smart cities trends:-
Likewise, the field of development of smart cities is vast. Asia Pacific region is expected to have the highest growth rate, owing to investments in IT technologies by governments in countries like China, India, Singapore and others. Here, it is worth mentioning that the global smart city market is anticipated to assemble greater prospects in the near future
Koyel Ghosh
Authors Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.
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