Stakeholders in Global Smart City Market Seek New Funding Models to Monetize Projects

SANTA CLARA, Calif.andnbsp;The capital-intensive task of transforming cities into seamless ecosystems is prompting governments to explore revenue sources beyond internal bodies and join hands with financial intermediaries and private investors. With the rising connectedness of things and people, the global smart city market could expand to $1.5 trillion by 2020 and prove to be one of the biggest investment avenues for private investors and institutions. The public sector will also look to new mechanisms to distribute their funds into various smart city projects and, ultimately, earn revenue through those projects. Click here for more.

from Cellular News http://bit.ly/2eNy43E