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Demand for Smart City Solutions Spikes with Investments in Upgrading Telecommunication Networks
"In every smart city project, one of the most important layers is connectivity, which is the city-wide network infrastructure that facilitates the data flow between devices and the central monitoring platform," said Avishar Dutta, . "Additionally, to reduce the cost of setting up such a network, low-power wide-area network technology is seeing adoption to make smart city projects feasible for small urban areas."
Dutta added: "The main market growth drivers are regulations that mandate the biggest cities to reduce their carbon emissions in a timely manner. Further, these regulations demand public spending in smart city investments, and governments are sanctioning smart city projects at an increasing pace, driving competitive intensity."
The demand for smart city solutions with increasing applications across areas presents lucrative growth opportunities for market participants:
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