As urban populations continue to expand and citizens’ expectations grow, the development of smart cities — enabled, powered and integrated by digital technologies — is set to be one of the crowning achievements of societies worldwide in the 21st century. In countless countries, the everyday lives of the citizens are being made easier, more fulfilling and more secure by previously undreamt-of services enabled by digital. It is forecasted that the global smart cities market size will reach USD 463.9 billion by 2027, registering a CAGR of 24.7% from 2020 to 2027.
Smart cities address a diverse set of problems, such as efficient transportation, smart and enhanced buildings and homes, optimum energy utilization, and better administrative services. The increasing adoption of novel technologies that complement the management of cities in the future is also a major catalyst for the market growth. The hosting of the third edition of Cities 4.0 in Kuala Lumpur is to provide an interactive platform for governments, municipalities, urban planners, developers, urban futurists, solution providers and innovators to converge and discuss practical deployment of cutting-edge technologies in shaping sustainable, competitive and resilient cities.