6uwu8KfUTSHc6sHH8HJkCPgZV4w Digital City Briefs - 30 Global Cities: Smart Technologies for Urbanization

Monday, May 14, 2012

Smart Technologies for Urbanization

The market for innovative technologies such as smart grids, smart energy metering, smart traffic management and smart security has been growing at a rapid clip. Such technologies are essential for existing as well as emerging cities, as they try to reduce their carbon footprint and improve efficiencies. According a report by MarketsandMarkets, a global market research firm based in the US, there are 700 cities with a population of half a million or more in the world, who are the prime target for such technologies.

The smart technologies market is expected to grow to $1 trillion by 2016. The report states that energy and energy management market will grow at an impressive rate of 28.7 %.  Another area for innovative technologies is the area of information and communication technologies. Such technologies provide cyber security, multilingualism, improved healthcare and other development support.

Here is a video on the impact of smart grid systems:

Reference: New Report Smart Cities Market (2011 - 2016) Published by MarketsandMarkets, Dallas, TX (PRWEB), May 11, 2012
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