In the past, the concept of smart cities may have been a lofty consideration for a Sunday afternoon, but smart cities are no longer a preference—they are quickly becoming a critical necessity. This is due to the confluence of increasing urbanisation, greater pressure being placed on the successful management of a city due to a rising population, and climate change. The latter in particular means that a city needs to have the wherewithal to manage a sudden natural crisis, such as flooding, and be able to dispatch emergency and medical units without delay to save lives.
Compounding matters is the fact that, according to Gartner, the digitization of IT is further forcing cities to adapt, and, like most businesses, have a digital strategy in place. Smart cities are far from a flash in the pan—according to Transparency Market Research, the global smart cities market is growing 14% at present and is expected to reach a value of $1 265.85 billion by 2019.