China to account for 50% of smart cities in Asia

Source: Telecom Asia on April 10, 2018 | Dylan Bushell-Embling 

Smart city projects in China are expected to generate $320 billion for the nation's economy by 2025, according to Frost & Sullivan.

China is expected to account for 50% of the smart cities in Asia, the research firm said in a new report. The global smart city market is expected to grow to over $2 trillion by 2025.

Asia-Pacific is also expected to be the fastest growing region in the smart energy – or distributed energy generation – space over this time.

Smart energy will be one of a number of key technologies that will be the technological cornerstones of smart cities in the future, with others including AI, robotics, advanced driver assistance systems and personalized healthcare.

AI will play a key role in smart cities in areas such as smart parking, smart mobility, smart energy grids, adaptive signal control and waste management, Frost & Sullivan said. Major corporations such as Google, IBM and Microsoft remain the primary drivers of AI adoption.

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