The worldwide Smart Cities Market growth is likely to be hampered by increasing susceptibility to cybercrime and privacy violations as a result of digitalization throughout the forecast period. Cybercrime is a big threat posed by interconnected electronics. Because IoT applications, smart apps, security devices, and transit systems are all used in smart city infrastructure, they will all be connected through the IoT.
A small software fault in such circumstances might do significant damage and endanger the security of several systems. Furthermore, as the world becomes more digital, data is being stored in the cloud. This information could include a person's everyday actions, such as payments, geographic location, and health records, all of which are accessible at any time. Data analytics can be hacked into, leading in the loss of private information, while digital systems can be hacked into.
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