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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