The global smart buildings market is poised for remarkable growth, with projections indicating an increase from USD 129,525.68 million in 2024 to a staggering USD 509,007.50 million by 2032, with a compound annual growth rate (CAGR) of 18.66% in the 2024 to 2032 forecast period, according to Market Research Future.

Nee research into the global phenomenon of the Internet of Things (IoT) has claimed that revenue from the emerging technologies in the smart city sector will increase its total revenue from $25bn in 2017 to a whopping $62bn in 2026.

Smart Dubai has concluded another successful participation in GITEX Technology Week, where it showcased its main strategies, services, and initiatives that seek to cement Dubai's global lead in the smart city sector.

Japanese telecoms and internet corporation SoftBank, a subsidiary of SoftBank Group Corp., announced that it is developing an Embedded Subscriber Identity Module ("eSIM") Platform as part of its efforts to promote Internet of Things ("IoT") solutions. The platform, which is scheduled to start operating in 2017, enables remote eSIM provisioning by connecting to carrier communication networks with the required profiles.

South Korean President, Moon Jae-in has said that he plans to export their smart cities after the construction of their two test-bed cities.

Spark New Zealand announced that it has commenced the development of a nationwide low power wide area (LPWA) network to enable the Internet of Things (IoT). "At Spark our Ventures team has been working on the exciting possibilities of the internet of things and what it could mean for New Zealand," said Spark’s GM for IoT, Michael Stribling.

At Mobile World Congress Americas, US telecom provider Sprint and Ericsson unveiled the results of the first US 2.5GHz Massive MIMO (multiple input, multiple output) field tests conducted in Seattle, Washington and Plano, Texas using Sprint's spectrum and Ericsson's 64T64R (64 transmit, 64 receive) radios.

Dr. Tarig Enaya, Senior Vice President of the STC Enterprise Business Unit has revealed that smart cities-associated technology investments that will take place in the next four years worldwide will reach USD 158 billion by 2022 in accordance with the IDC Report. The figure is expected to reach USD 2.7 billion (SAR 10.125 billion) in the Middle East and Africa.

Internet of Things investment will support Lebanon's IT market growing to LBP 820 billion by 2019, and will transform daily lives and businesses, industry experts announced during the recent SmartEx Lebanon exhibition.

Swedish network provider Blink Services, which provides LoRaWAN for 'smart city' solutions has announced that it has selected its partner for its nationwide Internet of Things program. Multi-Tech Systems has been chosen by the Swedish firm after an intensive vetting process. It has been reported that Multi-Tech's close working relationship and shared partnership with French LPWAN organization Actility played a significant role in the company earning the contract.

WISeKey, a digital information security, authentication and identity management company based in Switzerland has announced that its Internet of Things blockchain technology is set to be deployed in a number of selected 'smart cities' in China.

Qualcomm has released additional findings of a landmark study, The 5G Economy. The new research, conducted by leading industry and economic analysis firm IHS Markit, examines the potential economic impact of 5G for the Taiwan market.

Parking management technology developer 'Smart Parking' has officially deployed its Internet of Things-based parking solution in the Australian city of Casey. The cutting-edge solution specifically designed to transform your parking experience consists of 904 'Smart Parking vehicle detection sensors which are used in order to monitor space availability and mobility bays.

Spanish telecom giant Telefónica and Huawei have announced the opening of an Open IoT Lab to work on the development of products and applications related to Narrowband IoT (NB-IoT) technology.

Norway-based Telenor Group and Wireless Trondheim are joining forces to open a new IoT powerhouse to boost innovation, build competencies and promote Norwegian competitiveness. The IoT ProtoLab will be open to start-ups, developers and students looking to rapidly prototype and develop IoT products and services.

The UK government has announced that it is set to invest £150 million in digital infrastructure and open data in its efforts to make Scotland's biggest city, Glasgow, a world-leading 'smart city'. Glasgow has already received £24 million since 2013 which has been circulated through the Innovate UK innovation agency. The investment has served to not only enhance connectivity in the city, but it has also helped Glasgow develop technologies of the future that will be cost effective and energy efficient.

Cambridge University has announced it has agreed to partner with Nanjing Municipal Government to create a smart cities research center which will be located in China. The collaboration will see both bodies examining how emerging technologies can support a modern 21st century city that has an integrated ecosystem that consists of IT, healthcare and building management.

San Diego has accelerated its efforts to create the world's largest 'smart city' IoT sensor platform, by announcing that it has partnered with GE Current and Inseego Corp to deploy 3,200 new intelligent sensor nodes across the city.

The US city of Conway which is located in the state of Arkansas has formally announced it is set to introduce an Internet of Things platform in its efforts to become a leading 'smart city'.

The US city of Rancho Cucamonga, which is located on the outskirts of Los Angeles, has formally announced that it has selected leading Internet of Things technology provider Echelon Corporation to overhaul its existing streetlight network infrastructure.