Smart City Solution

According to Frost and Sullivan report, 60% of the world’s population is expected to live in urban environments by 2025. It is expected that around 26 global cities and more than 90 sustainable cities will develop, which leads to the vast consumption of the world’s resources.

The increased growth of smart cities will drive the need to innovate and provide solutions to foster convergence within the city. The smart city market is growing, especially with the rapid rate of urbanization taking place, with the market expected to be $1.5 trillion by 2020. The significant growth presents certain challenges for organizations and city authorities.