New Technology Internet of Things (IoT) in Smart Cities Market Research 2021

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BUSINESS / IT / SOFTWARE / TECHNOLOGY
New Technology Internet of Things (IoT) in Smart Cities Market Research 2021: Focusing Top Key Players Intel, Microsoft, Tech Mahindra, Bosch Software Innovations, PTC, ARM, Quantela, Sierra Wireless, ABB Ltd, Cisco Systems Inc, Emerson Electric Co., IBM Corporation, Ericsson Inc., Schneider
May 16, 2019 – by IT Intelligence Markets

Smart city technology enables city officials to interact directly with both communities and city infrastructure, and monitor what is happening in the city and how the city is developing. Smart city initiatives are applicable to urban developed cities, for the efficient management of assets and resources, such as traffic and transportation systems, power plants, water supply networks, waste management, information systems, schools, libraries, hospitals, and other community services. Thus, with the world moving towards urbanization, there is an increasing number of smart city initiatives and projects, in the pipeline.

Governments of various countries are expected to collaborate and partner with each other, in order to transform into a combined and integrated service delivery model, from the traditional silo-based model. Expansion of cities and urbanization, extensive adoption of green technology, increasing telecom penetration, and rising adoption of Artificial Intelligence (AI) and Internet of Things, are the factors driving the demand for smart cities.

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