Smart Cities

A coalition of mayors from the US and Europe has established a shared GovTech Manifesto, focusing on collaborative procurement and technology solutions to societal challenges. This initiative aims to enhance public purchasing power, streamline innovation, and improve citizen services through shared digital frameworks and open standards.

Municipalities are boosting their investments in smart street lighting, projected to reach **$5.4 billion** by 2033. This trend signifies heightened procurement opportunities for vendors providing energy-efficient, connected infrastructure solutions, particularly in urban areas aligned with sustainability goals.