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Number Of Smart City Projects Growing

The market size of Internet of things (IoT) in smart city projects is estimated to grow to $147.51 billion by 2020 from $51.96 billion in 2015 — at a Compound Annual Growth Rate (CAGR) of 23.2 percent. Demand for intelligent cities and IoT devices are driving the IoT market for smart city projects, according to a telecom research report published by MarketsandMarkets. The report noted that there are more than 200 smart city projects across the globe. Advancement in IoT technologies, cloud-based platforms, and services are marked with increasing IoT application and has led to significant investment in smart cities. 

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1 comment about "Number Of Smart City Projects Growing".
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  1. Prasanta Kumar Rout from CNS, February 22, 2016 at 10:47 a.m.

    It is an encouraging news for India also as our government is very much focussed to develop 200 smart cities. We are well tuned with the technology. 

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