Smart money for smart cities

Smart City initiatives will lead to technology investments of more than $81bn globally this year, with spending set to spike sharply to $158bn in 2022. And just three areas will attract one quarter of smart cities spending in 2018 – fixed visual surveillance, advanced public transit and outdoor lighting, according to IDC.

"Intelligent transportation and data-driven public safety remain the largest investment areas, but we are also finding significant pockets of spending and growth in back-office and platform-related use cases, which are less often publicised but increasingly happening behind the scenes in cities around the world,” says Serena Da Rold, programme manager in IDC's customer insights and analysis group.

Expect officer wearables and vehicle to everything (V2X) connectivity to generate the fastest growth through to 2022, although these segments presently start from a small base.

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