APAC is expected to see the highest investment in smart city technology over the next few years. Here is a look some trends and demands in the region.
Asia is one of the fastest growing regions for
smart city technologies, with global spending in this sector expected to reach US$158 billion in 2022 — nearly double that of 2018, according to a report from IDC. The Asia Pacific region, including China and Japan, accounted for nearly 42 percent of spending in 2018.
Three use cases dominated global smart cities spending in 2018, IDC noted. These were: fixed visual
surveillance, advanced
public transit and