The positive impact of Smart City technologies could secure an incremental economic growth of almost 3% and more than $20 trillion in additional economic benefits over the coming decade. These are the findings of a new paper by ABI Research which analyzes the impact Smart Cities could have on economic development and GDP growth by 2026.

According to the report, economic development should be linked to the possibility of maintaining and developing businesses within Cities, attracting talents, improving urban life quality.

Technology drivers which are expected to generate value include connectivity platforms, sensor-based applications, analytics, open data platforms and policies.