Pareteum Powers Smart Cities, Improving Quality Of Life And Addressing Trillion Dollar Market Opportunity
Pareteum Powers Smart Cities, Improving Quality Of Life And Addressing Trillion Dollar Market Opportunity
Article by Ray Dirks on Seeking Alpha
Mar. 28, 2018 12:16 AM ET|Includes: Alphabet Inc. (GOOG), IBM, MSFT, TEUM
Summary
* Smart City Concepts are an enormous global market opportunity.
* Managing urban areas is one of the most important development challenges of the 21st century.
* IoT’s enablement and connectivity positions Pareteum to succeed in this emerging opportunity.
* Developing world and emerging markets incorporating smart city technologies can leapfrog to efficiency by installing tech from the ground up instead of re-tooling existing infrastructure.
Smart cities can significantly improve quality of life and sustainability for people in locations ranging from cities in non-industrialized countries to wealthy tech-centric metropolises. Providing technology infrastructure and connectivity platforms for smart cities is also a $1.5 trillion market opportunity that companies including Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG), IBM (NYSE:IBM) and Pareteum (NYSEMKT:TEUM) are pursuing.
54% of the world’s population lives in cities. By 2050, this number is projected to grow to 66%. The imperative to improve the efficient management of cities is driven by this global population migration into urban centers. John Wilmoth, Director of the United Nations’ Department of Economic and Social Affairs’s Population Division commented, “Managing urban areas has become one of the most important development challenges of the 21st century. Our success or failure in building sustainable cities will be a major factor in the success of the post-2015 UN development agenda.”
