Smart City is the place where numerous technology vendors boost their solutions. Security vendors, telecom operators, IT vendors, energy & infrastructure operators and automation & building control providers want their own solutions with proprietary controlling and monitoring setup to rule the game. This leads to a combination of multiple systems with up to tens of control and monitoring displays on the wall and on tables of a control room.
The increased growth of smart cities will drive the need to innovate and provide solutions to foster convergence within the city. The smart city market is growing, especially with the rapid rate of urbanization taking place, with the market expected to be a $1.5 trillion by 2020.The significant growth presents certain challenges for organizations and city authorities.
Smart cities are measured by the integration of their infrastructure and the intelligent ways by which they tackle challenges. A smart city puts emphasis on creating a system of networks to allow for a systematic flow of information and effective management of resources.