The Smart City market will reach $3.3 billion in 2025

A new analysis by Frost & Sullivan reveals a $3.3 billion potential market for smart cities by the year 2025. They envision a number of opportunities to take advantage of the development of infrastructure, technology integration, and energy and security services.

Smart City market

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According to comments by Frost & Sullivan’s Product Manager Ms. Amarnath: “The penetration of the smart city market for service providers will depend on how quickly these companies converge and tap into each other’s industry value chains and assume multiple roles in the eco-system.”

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