A new research report predicts that annual revenues from smart city projects will grow to nearly $89 billion by 2025. However, it found most smart city initiatives are focusing on solving peripheral issues, with few big projects tackling core city problems.

“These modern cities, capable of implementing infrastructures (of water, electricity, gases, transport, etc.) communicating and

Revenues driven from five key areas: The report examined growth of the smart market with a focus on five key industries that include government, buildings, energy, mobility and water. The study complied profiles of high profile smart city projects in regions throughout the world, comparing different smart city approaches.

The report found that smart city strategies are focusing increasingly on climate adaption and resilience. As well, they were putting more resources into improving the cities’ relevance to its citizens in their daily lives.

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