2020 expected to see almost 20% increase in smart city spending

Singapore

Singapore is expected to remain the top investor in smart city initiatives, followed by Tokyo, New York City and London. Global spending on smart city initiatives will total nearly $124 billion this year, an increase of 18.9 per cent over 2019, according to the International Data Corporation’s (IDC) latest Worldwide Smart Cities Spending Guide. The report finds that the top 100 cities investing in smart initiatives in 2019 represented around 29 per cent of global spending. It says that while growth will be sustained among the top spenders in the…

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