The advent of interconnectivity and cutting-edge technology is paving new avenues for the creation of sustainable, intelligent and efficient living. In addition to this, factors such as the growing population and the need to better manage limited natural resources are driving the demand for smart city solutions. According to a new study conducted by Grand View Research, Inc., the global smart cities market is expected to reach USD 237.6 billion by 2025, expanding at a CAGR of 18.9% from 2019 to 2025.
In smart city applications, Internet of Things (IoT) networks are being deployed to collect and assess data, to enhance the efficiency of operations. Data analysis and cloud-based platforms are integrated with IoT networks to achieve the objective, and realign services to residents’ needs, while ensuring natural resources are used sensibly and effectively.
As a pioneer in the field, Tech Mahindra has joined hands with leading global digital transformation provider, Qualcomm Technologies, Inc. to accelerate the transition of the current urban landscape into the ‘smart cities’ of the future. This partnership for the ‘Smart City Accelerator Program’ will devise a connected ecosystem of services for cities, local governments, enterprises, and industries.