Smart cities are taking the world by storm, utilising modern wireless connectivity to enhance the lives of citizens across the globe. From intelligent street lighting that changes with the season, to public bins that notify maintenance when they need emptying or traffic lights which warn officials of road blocks – smart city developments offer governments an efficient, sustainable solution for urban centre management.
The world’s leading smart city developments, according to Juniper Research – Shanghai, Seoul, Shenzhen, Sydney, and Beijing – are all situated in the Asia Pacific (APAC) region. Notably, none reside in southern or southeastern Asia. Spending for Asia’s smart cities is expected to reach $42 billion by 2028, up from $19 billion in 2023. However, growth is higher at 303% for 2023-2028 in the rest of APAC when compared to India (231%) and Far East and China (76%). Slower growth in the latter region is attributed to mature projects there compared with the emerging markets for the rest of APAC.
Cerillion plc (LON:CER) is a leading provider of billing, charging and customer management systems with more than 20 years’ experience delivering its solutions across a broad range of industries including the telecommunications, finance, utilities and transportation sectors.
