
The global smart cities market has observed significant growth in the past few years and is expected to continue growing at a significant rate. Continuous rise in the number of people migrating to urban areas is resulting in overpopulation in modern cities, thus, causing social, political, environmental and energy instability. This has created the need to incorporate a smart city concept to address all the arising challenges, by implementing modern infrastructure, enabling smart and intelligent solutions and technologies. As a result, the demand for smarter cities is expected to remain high in the coming years. The prospective growth of smart cities is attracting vendors throughout the value chain to invest in this sector. The problems and challenges faced by the countries globally include increasing congestion, rising pollution levels, migration of people from rural to urban areas, scarcity of resources, and increasing incidence of accidents among others in the metropolitan areas.