Technological advancements stand at the core of Asia’s smart city revolution, leveraging modern technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, digital twins, and data analytics to revolutionize urban living.
Presight, a leading global big data analytics and applied intelligence company, has signed a USD 190 million, six-year agreement with the Akimat (municipal government) of the City of Astana to deploy an AI-powered smart city project to digitize urban infrastructure, enhance traffic management, and modernize public services.
By 2026, Singapore plans to launch its first smart district, Punggol Digital District (PDD), advancing its smart city initiative and accelerating urban development.
In a significant move to accelerate the development of the Philippines’ electric mobility system, the Asian Development Bank (ADB) has signed a groundbreaking USD 100 million financing package with Ayala Corporation.
The global smart traffic camera market size is poised for remarkable growth, projected to reach USD 32.34 billion by 2030, at a compound annual growth rate (CAGR) of 14.6% from 2021 to 2030, according to Allied Market Research.
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