Smart City Market Key Players Like Huawei, IBM, Cisco Systems, Siemens Are Making Huge Investment
Smart city is an urban development vision comprised of information and communication technology to reform and modify city assets and resources for betterment of citizens. Increasing urbanization, growing environmental concerns and resource scarcity and high number of aging population is boosting the smart city market. The smart city vision consists of some restraints that may hamper the market growth that includes lack of telecom and network infrastructure in developing countries and high capital investment is rendering the market growth.
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