The information and communications technology or ICT industry has penetrated every sphere of our lives. The telecom industry has delivered the most scalable, flexible, high-performance, and cost-effective technologies in existence today. Through its evolution over four generations, the mobile system currently has over 7 billion subscriptions worldwide and it covers over 90% of the planet.
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The global smart city market is expected to register a revenue of USD 2,250 billion by 2022, growing at a CAGR of over 22%, according to Technavio report. (Graphic: Business Wire)
As technology advances, the role of the network will expand further to connect hundreds and thousands of new devices with a potentially infinite number of applications via the technology trifecta of Mobility/Access, Data, and the Cloud. This will augment the development of smart cities. According to market research firm Technavio, the global smart city market is expected to register a revenue of USD 2,250 billion by 2022, growing at a CAGR of over 22%.
The recently concluded 2018 BICSI Fall Conference Exhibition, presented a session on the theme titled, 'When A Network is No Longer Just a Network: Merging AV and Networking Infrastructure'. In this session, the discussion focused on the requirements for configuring small, simple huddle spaces moving to the future world of streaming 4K on a 10 Gbps network.
Technavio highlights that smart cities are built on smart technologies and intelligent solutions for improving the quality of livelihood in a sustainable way through smart-connected infrastructure. Enhanced global broadband connectivity through high-speed 4G LTE wireless networks will facilitate the development of smart cities. The advantages of such high-speed networks include:
- Fast communication
- Wide spectrum of networks
- Seamless compatibility
- High-quality multimedia communication
- High efficiency and flexibility
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