Smart cities market forecasted to reach over $ 1 trillion by 2019

Urbanization is a worldwide phenomenon. Smart city technology is becoming an essential element in the development of the world’s megacities. For example, the new Indian government’s just released budget includes an allocation for initiating the development of 100 smart cities. Songdo IDB in Korea and Fujisawa in Japan are two smart cities already under development. China has 36 smart cities in development and a low carbon model city in Tianjin. Singapore plans to become a smart nation by 2015. Iskandar is Malaysia’s first smart city. The Delhi-Mumbai Industrial Corridor (DMIC) incorporates smart city concepts… read full article

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