Spending on smart city technology is expected to reach US$327 billion by 2025, up from US$96 billion in 2019, according to a new forecast from Frost & Sullivan.
The analyst company said an uncertain post-pandemic situation will compel cities to focus on developing collaborative, data-driven infrastructure for use in healthcare, public security services and more.
Artificial intelligence and data-driven solutions are expected to be in high demand, with growing opportunities for crowd analytics, open data dashboards and digital city services.
The kind of multi-party multi-network platform that Sensative already supplies to multiple cities, municipalities, and real estate companies in Sweden. Will Sweden again take the lead when it comes to new infrastructure and communication, like when Telia, Ericsson, and Nokia (yes, they are Finns, our closest neighbor) invented mobile phones and cellular GSM networks?