Smart Cities are evolving globally, with various stakeholders driving different ecosystems. Telecom providers can play a significant role in creating value for citizens, the city, and the business. However, uncertainties exist about Smart Cities, and the market is expected to increase from USD 0.95 trillion in 2014 to USD 2.1 trillion in 2020 (13.9% CAGR). The majority of investments today flow into Smart Grids, reduction of carbon emissions, public broadband, and Building Automation. In the coming years, there will be a shift towards more complex solutions such as Smart Transportation, Smart Health, and Smart Governance systems, driving the overall market potential. The potential for telcos is huge, up to 5% of the global Smart City market.
