Latin America Smart City Market To Grow 19% By 2020

Latin America’s smart city market will jump nearly 20% in the next four years driven by urbanization and major smart infrastructure investments. The BNamericas site reports estimates by the Markets & Market consultancy of annual smart city market growth of 19.4% by 2020, reaching a total of $758 billion. One of the factors driving smart city growth, according to Telefónica director Alfredo Martín, is the continuing influx of citizens to Latin American cities.

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