Will emerging countries dominate the pool of global megacities in future?

By: Spire Research and Consulting
GURGAON, India - May 8, 2019 - PRLog -- In 2017, 26 megacities were in emerging economies, compared to 7 in developed economies. There are likely to be 48 megacities with populations above 10 million by 2035.

By 2020, Greater Jakarta is predicted to be home to 36 million people, making it the biggest megacity of all.

War torn Baghdad, with a population of 10 million, may soon join the ranks of the world's megacities.

African cities Dar es Salam and Luanda are predicted to become megacities by 2030.

With larger populations to attract investment and nurture productivity growth through network effects, megacities in developing countries will likely see rising incomes.

Will emerging economies drive all urban growth in future?

Spire Research and Consulting was established in 2000 to address a gap in the research and consulting industry in global emerging markets. Unlike most agencies that focus on traditional consumer research, our founders saw a profound need for holistic research projects.

These projects integrate traditional customer research with knowledge of the broader business eco-system; for instance, competitors, channels, legal and regulatory factors. They support strategic decision-making for market growth and entry. Our studies provide indispensable tools for creating business plans, setting sales quotas, quantifying budgets and investment as well as making product launch decisions.

Spire exists to undertake such projects with distinction.

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Nidhi Singh
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Tags:Emerging megacities
Location:Gurgaon - Haryana - India
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Page Updated Last on: Jun 19, 2019
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