China to account for 50% of smart cities in Asia
Smart city projects in China are expected to generate $320 billion for the nation's economy by 2025, according to Frost & Sullivan.
Asia-Pacific is also expected to be the fastest growing region in the smart energy – or distributed energy generation – space over this time.
Smart energy will be one of a number of key technologies that will be the technological cornerstones of smart cities in the future, with others including AI, robotics, advanced driver assistance systems and personalized healthcare.
AI will play a key role in smart cities in areas such as smart parking, smart mobility, smart energy grids, adaptive signal control and waste management, Frost & Sullivan said. Major corporations such as Google, IBM and Microsoft remain the primary drivers of AI adoption.