Constructing the City of the Future

Successful implementation of smart-city projects depend on the technologies: data communications, cloud, mobility, and sensors that form the Internet of Things (IoT) ecosystem. These technologies lay the foundation for smart-city projects. Fast developments in these areas have enabled better connectivity of objects, resulting in the complete development of smarter ecosystems. Construction professionals will be responsible for building these cities—and thus will need to know what is involved.

The smart-cities market is expected to grow from $424.68 billion in 2017 to $1.2 trillion by 2022. Rapid connectivity, fast telecommunication provision, growing population, and hyper urbanization are the major driving factors for the smart-cities market. Many cities around the world are adopting smart solutions in their various sectors.

For example, the intelligent transport system is often referred in context with the use of information and communication technologies in road transport, including infrastructure and traffic management and for interfaces with the other modes of transport. Despite the rapid technological advancements in the automobile sector and mobile devices and the emerging concept of connected vehicles, there have been no significant changes to the existing asphalt roads.

The smart-distribution management system in the utilities sector is governed by the efficient demand and response management (DRM). DRM allows the utility utilities sector to manage and implement DRM programs through a single integrated system, which can be interfaced with commercial, industrial, and residential sites.

The Asia Pacific (APAC) region is expected to provide growth opportunities throughout the next few years. A large working population and developing technology hubs have expanded the competitive environment in the region. APAC has the highest deployment of the cloud-based services. The region is investing in the information technology (IT) and telecommunication sector. These developments combined with a growing demand from a massive and growing population enhances growth potential for the market in the region.

As smart cities continue to rise up, there will be many new opportunities for construction companies.

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