Annual investment in smart city technologies in Asia Pacific will reach US$11.3 billion by 2023, says Navigant

Home to most of the world's largest and fastest-growing mega-cities, Asia Pacific faces unprecedented challenges related to rapid urbanization. Along with the challenges, however, comes the opportunity to rethink approaches to managing these cities, and offer their inhabitants economic opportunities and meaningful quality of life enhancements, using smart city technologies. According to a recent report from Navigant Research, annual investment in smart city technology in Asia Pacific will grow from US$3 billion in 2014 to US$11.3 billion in 2023.



from DIGITIMES: IT news from Asia http://ift.tt/1iILxoC

via Yuichun