Cities will collaborate with each other to drive smart city innovation by entering into partnerships with each other.

Ivan Fernandez, Industry Director for Frost & Sullivan Australia & New Zealand, Governments of smart cities are transforming from a traditional model of a silo-based organisation to a more collaborative, integrated service delivery model. This will pose serious challenges for city planners, who will have to re-think how they provide basic city services to residents in a sustainable manner.Īccording to Mr. In developed regions and cities, the urban population in cities could account for up to 81% of total population. Over 26 Global Cities are expected to be Smart Cities in 2025, with more than 50% of these smart cities from Europe and North America.īy 2025, it is expected that around 58% of the world’s population or 4.6 billion people will live in urban areas. Sydney, Australia, 26 November 2014 – The global smart city market will be valued at US$1.565 trillion in 2020.

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