More than 250 smart city projects exist in 178 cities around the world, with the majority focusing on government and energy initiatives followed by transportation, buildings and water, according to Navigant Research.
The analyst firm has released a new report titled “Smart City Tracker 1Q17” that examines the current state of global smart city development, covering the related aspects of the smart energy, smart water, smart transportation, smart buildings, and smart governments sectors, segmented by region. It forecasts the global market for smart city solutions and services to grow from USD 40.1 billion in 2017 to USD 97.9 billion in 2026.