Global smart cities market size was valued at USD 567.45 billion in 2013. Exponentially increasing population, and rapid urbanization coupled with continuous industrialization are key factors expected to positively affect the market. Smart cities are developed & designed to cater to a wide range of challenges including urban mobility, energy management, street lighting, public safety and water management. The market is expected to register a rapid growth at an estimated CAGR of 13.6% from 2014 to 2020.
http://www.grandviewresearch.com/industry-analysis/smart-cities-market
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