ENERGY
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45 the first 5G smart hub in Australia . The technology is also being introduced to car racing , gaming , and drone taxis .
Forbes recently released data on the impact 5G technology is having on the countries using it . The US is seeing the most success with maximum download speeds reaching 1,815Mbps , followed by Switzerland and South Korea at 1,145Mbps and 1,071Mbps respectively . Australia is hitting figures of 792Mbps , but is the only nation to have its 4G users hit higher maximum download speeds .
ENERGY
As spending on smart cities expands along with technology , it is expected that the market will be worth US $ 189.5bn by 2023 . According to the Worldwide Semiannual Smart Cities Spending Guide released by marketing intelligence company IDC , smart city funding will mostly be invested in energy projects , infrastructure , intelligent transport and public safety . As renewable energy projects now account for 63 % of all new power capacity , according to the International Renewable Energy
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