Technology and Media Industry

16-may-2019 The global smart cities market registering a strong CAGR of 18.4% during the forecast period. Rising demand for smart city solutions is anticipated to be driven by factors such as growing urban population, need to better manage limited natural resources, and increasing focus on environmental sustainability. Smart cities encapsulate an overwhelming number of different domains and application areas enhanced with technological advancements and their effective use in providing services to people. Be it a major tourism hub or a small community striving to become sustainable, smart city solutions have found their way in diverse areas of urban living.Rapid urbanization, obsolete infrastructure, adoption of new technologies, and need for improved quality of life are also driving industry growth. The market addresses a diverse set of requirements, such as efficient mobility, smart and enhanced buildings and homes, optimum energy utilization, and better administrative servic...