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?
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Smart Cities & The Internet of Things (IoT)
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Our world is urban: cities will be smarter, with informatics, open data networks, sensors and services
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Judy Curtis / SIPR
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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.
Rank Country Urban population growth (2018-2050) #1 India 416 million people #2 China 255 million people #3 Nigeria 189 million peopleNearly 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.