More than 570 million meters will be deployed across China, India, Japan and South Korea between now and 2025, according to research from Internet of Things analyst, Berg Insight.
IoT analyst firm Berg Insight said there is a new urgency in the market due to factors such as energy conservation and mandates for green construction.
The penetration rate of on-board computers featuring GPS location functionality and wireless communications is now at very high levels in both North America and Western Europe.
The global market for smart city surveillance equipment was worth €6.5 billion in 2018 and is forecast to grow at a CAGR of 24.5 per cent to reach €19.5 billion by 2023.
