The countries across the globe are feeling a need to invest in smart city projects due to the need to manage infrastructure and assets with growing urbanization. With the world moving towards urbanization it is expected that in the near future, there will be an increase in the number of smart city initiatives and projects. To managing everything from traffic flows and parking to water and air quality and monitor infrastructures, the technologically advanced cities are using the Internet of Things (IoT) platforms city. To monitor what is happening in the city and how the city is evolving, smart city technology allows city officials to interact directly with both city infrastructure and communities. The optimization of the efficiency of city services, connected citizens and operations is called as the smart city. The increase in adoption of green technology will drive the market in the forecast period. The Global Smart Cities Market was valued at 528.16 billion in 2018 and is expected to reach a value of USD 1,447.87 billion by 2024 at a CAGR of 18.30% over the forecast period 2019 - 2024. 31, 2020 (GLOBE NEWSWIRE) - Global Smart Cities Market:

Global smart cities index