Smart Cities Market Drivers, End User,Top Key Players, Challenges by 2033

Govind Pmr08 Mar, 2023Technology

The demand for ?smart? cities has been sparked by intensifying urban migration and a significant increase in unplanned urban construction. The government has received a number of proposals from private sector participants, including building construction companies and real estate developers, to encourage the steadfast execution of smart city initiatives. Governments from all around the world will finally take action to change the current urban landscapes into smart cities in a few years. According to a recent prediction analysis by Persistence Market Research, over US$ 3.4 billion will be spent globally on the implementation of smart cities through 2026. Cities? age and development make it difficult to retrofit them and transform them into smart urban environments. Emerging economies all over the world are stepping up their investments in transforming outdated cities into cutting-edge smart city models