Will the smart city concept grow?
Although there are some challenges and downsides to the smart city concept, it is becoming more popular, and as per The World Bank, 56% of the world's population now resides in cities. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to more than double its current level. It means that more cities will be developing and, at the same time, growing.