The dramatic shift of the world’s population into urban areas is encouraging citizens, city planners, businesses and governments to start looking at visions of ‘smart’ cities.

Below we look into what is driving the need to establish these networked environments, how smart city concepts and projects are different in the developing world, and what technologies and systems are needed to make them a reality.

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Quick Facts and Stats:

  • Up until 1975 there were just 3 Megacities (New York, Tokyo and Mexico City). Today there are 21.
  • The top 600 urban centers generate 60% of global GDP
  • By 2025, the number of megacities is expected to reach 29
  • Cisco estimates that cities that run on information can improve their energy efficiency by 30% within 20 years.
  • The annual Smarter cities IT market opportunity is expected to be $34 Billion.

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