Cities Strive For More Smarts, Security
As cities around the world move beyond their first completed smart city projects and add more systems, they face hurdles in expanding but have more standards, technical resources, and real-world examples to draw on when making project design decisions. The main concern is keeping the smart city systems and their data and functions safe, especially if the system is touching critical infrastructure.
Smart city technology is a big business in its own right. The smart city market reached $1.09 billion (USD) in 2021, according to Grand View Research, and is forecast to rise at a compound annual growth rate (CAGR) of 24.