As the interest in smart city technology increases, so will its worth in the coming years.

According to a new report from Marketsandmarkets, a marketing research company, the global smart cities market is expected to top $1 trillion by 2016.

Currently, the report estimates the value of the smart cities market at $526.3 billion, with a compound annual growth rate of about 14.2 percent from 2011-2016.

via Smart cities market worth $1 trillion by 2016 | SmartPlanet.

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