The New Economy recently reported that the urban population is forecast to grow by approximately 60 million every year, with the overall number of city dwellers doubling — from 3.4 billion to 6.4 billion — between 2009 and 2050. This urban-centric trend has significantly accelerated sophisticated technological, societal and economic gains in some of the world’s most advanced cities.
Indeed, IHS analysts believe the number of smart cities worldwide will quadruple over the next 12 years as local governments collaborate with the private sector to address a multitude of challenges confronting urban centers.






