By 2050, there will be 2.5 billion more people living in cities than today. How is rapid urbanization set to impact investors and the global economy?
Judy Curtis / SIPR's insight:
A Global Shift
Over the coming decades, the large-scale role of cities will become even more amplified as rapid urbanization spills over to the rest of the world.
Billions of people — especially in Asia and Africa — will be seeking opportunities in cities over the coming decades. Between 2018 and 2050, the global urban population will increase from 55% to 68%, adding another 2.5 billion people to cities around the world.
Rank Country Urban population growth (2018-2050) #1 India 416 million people #2 China 255 million people #3 Nigeria 189 million people
Nearly 90% of this growth will be in Africa and Asia, with India alone adding 416 million new people to its cities — more than any other country in the world over this timeframe.
Turning Palma de Mallorca into a smart tourist destination by improving the quality of its environment is the goal of the Balearic Harbors Authority project implemented by Libelium and Mallorcawifi.com. A wide network of Waspmote Plug & Sense Smart Cities sensors is deployed all around the Mallorcan harbor to measure the impact of the arrival of ships and cruise liners, and other port activity.
Judy Curtis / SIPR's insight:
The Smart Cities harbor project deployed in the city of Palma measures two basic environmental parameters that most affect citizens’ health: air quality and noise. The project is placing 27 Waspmote Plug & Sense! Smart Environment PRO in various locations around Palma’s harbor, and five Waspmote Plug & Sense! Smart Cities devices.
These devices are set to collect data provided by 81 sensors measuring carbon dioxide, sulfur dioxide, ozone, noise, temperature, humidity, air pressure, wind, and rainfall, among other factors.
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A Global Shift
Over the coming decades, the large-scale role of cities will become even more amplified as rapid urbanization spills over to the rest of the world.
Billions of people — especially in Asia and Africa — will be seeking opportunities in cities over the coming decades. Between 2018 and 2050, the global urban population will increase from 55% to 68%, adding another 2.5 billion people to cities around the world.
Nearly 90% of this growth will be in Africa and Asia, with India alone adding 416 million new people to its cities — more than any other country in the world over this timeframe.