SMART CITIES 2018 Market CAGR 21.5 % by 2021

Press Release -

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Report Description-

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A recent market research report presents a thorough analytical overview of the state of development of smart cities in Australia. The report, titled “Australia - Smart Cities,” uncovers the vast developments observed in the field of smart cities since the dawn of the century, gives a detailed overview of the state of development in the present scenario, and necessary initiatives necessary to overcome the roadblocks in the way to development.

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The report states that, like at the beginning of the century, broadband continues to remain the key agenda of local councils in the country. Most councils in the country are now witnessing a significant improvement in access to broadband, but transition from old technology to broadband is yet to be observed in several areas. Meanwhile, the focus on smart city has significantly improved in the past few years.

However, the finding structure for cities is a key challenge. In Australia, nearly 85% of the national taxes are employed for federal government expenses, 13% are spent on states, and a meagre 2% are employed for the development of cities. Nevertheless, there has been a major change in the scenario and the leading smart cities in the country, also looked upon as the leading smart cities of the globe, now have strategic plans, leadership support from city mayors, and a smart council that works.