Smart city spending to soar
Technology investments relating to smart city initiatives across the Middle East and Africa (MEA) region will total more than $1.3 billion in 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s newly released semi-annual Worldwide Smart Cities Spending Guide shows that this figure is set to reach $2.7 billion in 2022.
“The new edition of IDC’s Worldwide Smart Cities Spending Guide represents a substantial stride towards gaining granular insight into how cities around the world are transforming,” says Serena Da Rold, programme manager for IDC’s Customer Insights & Analysis Group. “We are now delivering detailed sizing of 25 named use cases, as well as the first release of a new database of spending at city level.”
The five largest use cases, which will attract nearly one third of the region’s smart cities spending in 2018, are digital permitting, licensing and inspection, advanced public transit, connected back office, smart city platforms, and fixed visual surveillance. However, officer wearables (including smart holsters, apparels, headsets, and glasses) will see the fastest growth over the coming years, expanding at a compound annual growth rate of 79% through to 2022, albeit from a relatively small base.
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