In an age where urbanization is accelerating at an unprecedented pace, the vision of smart cities is rapidly transitioning from futuristic concepts to present-day reality. As this transformative urban model keeps integrating more cutting-edge technology with thoughtful planning to address the complex challenges of modern urban life, cities that are efficient, sustainable and livable become increasingly plausible. In response, the smart city market is expected to reach $1114.4 billion by 2028, expanding at a compound annual growth rate (CAGR) of 15.2 percent.
The market’s growth is largely driven by the widespread integration of digital technologies like intelligent transportation systems, smart grids and robust communication networks into the physical infrastructure of cities. Increasing use of IoT devices and sensors that enable real-time monitoring and management of city resources and lead to proactive infrastructure maintenance and enhanced urban services are further driving market expansion.
This edition on Smart City 2024 presents the most influential developments in the smart city market brought on by leading players in this segment.
It features omniQ, a leader in computerized and machine vision image processing. Using patented AI technology, it provides solutions for supply chain management, homeland security, public safety, traffic and parking management, and access control.
The edition also includes thought leadership articles from Alex Hempton, Deputy Director - Technology & Innovation, Performance & Analytics Department at City of San Diego, who emphasizes the critical need to prioritize customer experience (CX) in public services, comparing it to the more visible issue of potholes. Kent English, Director of IT at Doña Ana County, who explains the need for a strategic approach to data management, while balancing the requirements for data retention with the costs and risks associated with storing excessive information.
In this edition highlighting smart city solutions providers, we hope you find the ideal partner to address the pressing challenges of urbanization, improve the quality of life for residents and build a sustainable future.
