Spending on smart city technologies in the Asia Pacific region, excluding Japan, is expected to increase by 16.8% between 2018 and 2022.

Market analysts IDC forecasts APEJ smart city spending to reach $35 billion by 2022.

Singapore, Beijing, Shanghai and Seoul are expected to hit over $4 billion this year.

China is expected to lead other countries whilst the hardware segment, currently with the highest spending, will be overtaken by services.

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Source: Smart Energy International

Categories: Industry News