The rapid urbanization is driving the cities to adopt smart and intelligent solutions, rising demand for smart city solutions. The global smart city market is anticipated to grow at a CAGR of 28.7% during the forecast period of 2018-2023.
The evolution of the internet and technologies helps to measure aspects of urban life and by connecting them cities can be smart. The PV technology and battery storage lead to generate more local energy, facilitating a cleaner and efficient environment.
All cities face challenges but smart cities market provides great opportunities for municipal authorities and companies to create sustainable, safe and sustainable communities.
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