Technology Public Safety Solution for Smart City Market | Page 2

Regional Analysis:
The Asia Pacific region has been inferred to grow significantly as a market due to rapid
urbanization in countries like China and India, growing industrialization, and initiation of various
smart city projects. Other momentous country-specific markets in this region are Japan and South
Korea, followed by the remaining countries of the Asia Pacific region.
Europe is another salient regional market due to the reasons that are the same as in North America.
The vital country-specific markets in this region are France, Germany, Italy, and the UK, followed by
the remaining countries of Europe.
The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA) region.
In Latin America, the market is sizable but not as great as North America because Latin America is
yet to achieve the level of technological advancement that North America has already achieved. The
most powerful economies in this region that can become significant markets are Argentina and
Brazil. In the MEA region, market growth is slow due to the limited availability of advanced
technology.
Latest Industry News
MAY 2019 - Nokia Bell Labs-driven industry group is working to build key enablers for fast 5G
network based on smart light poles for the future smart cities. Named as the LuxTurrim5G
ecosystem project, this smart city development initiative has developed the 5G smart pole
concept where 5G base stations, a variety of different displays, sensors, video cameras, and many
other devices have been integrated to light poles.