The global smart cities market size is expected to reach $3,728,3-billion by 2030, registering a CAGR of 25,8% from 2023 to 2030, according to a new report by Grand View Research which says the market growth can be attributed to rapid favourable government initiatives worldwide and emerging technologies such as artificial intelligence (AI), cybersecurity, big data analytics, and the Internet of Things (IoT).
This has encouraged several countries to invest in smart city projects to manage infrastructure and assets. Further, the increasing adoption of electric vehicles (EVs) has also created a demand for the development of charging infrastructure in cities globally. Due to this, it provides energy storage and creates new revenue streams from EV batteries. These benefits will further boost the smart cities market’s growth during the forecast period.
Read more: Robust growth predicted for global smart cities market
In the heart of the urban landscape, where skyscrapers touch the sky and city lights never seem to dim, a silent revolution is taking place. The concept of smart cities, fueled by the integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies, is ushering in a new era of urban living, promising not just efficiency but sustainability for the generations to come.
Introduction:
In the sprawling metropolis of Tomorrowville, the notion of a smart city is not confined to the realm of science fiction. It’s a reality, a living, breathing entity that responds and adapts to the needs of its residents, while meticulously tending to the well-being of the environment. This metamorphosis is driven by the seamless integration of IoT and AI, creating a synergy that transforms urban centers into intelligent, sustainable hubs.
Read more: Smart Cities for a Sustainable Future: The Integration of IoT and AI Technologies
The ‘smart city’ is still a somewhat hazy concept, tasteless, almost, like a kind of half-sentence missing its verb
When concepts are repeated many times, they lose their meaning, eroding that otherwise close link between signifier and signified. When a concept is presented as the magic answer to a problem, it tends to inspire skepticism and distrust. When we offer solutions without understanding the problem, we’re probably going to be wrong.
Smart cities promise a utopian blend of technology and urban living. But can cities that discriminate or lack accessibility be considered intelligent? This article questions the role of technology in addressing complex urban issues and argues for a more nuanced approach to creating truly smart, inclusive cities.
In an era where the term 'smart city' is frequently bandied about, a critical reevaluation of its essence and impact is long overdue. This article delves into the concept of smart cities, questioning whether technology alone can genuinely address the complex issues that urban areas grapple with.
Read more: Rethinking Smart Cities: Technology, Equity, and the Urban Fabric
The systems that make up a smart city ecosystem are not easily secured and require better design and better policy to ensure they are not vulnerable.
For technologists, building smart cities is not an aspirational goal but a matter of necessity. The World Bank estimates that 70% of the world's population will be living in urban areas by 2050, up from 56% today. This massive population shift will place increasing pressure on city infrastructure and technology used to manage urban areas. Increased automation will also bring new threats.