Smart Cities Market Expected to Be Worth $1,114.4 Billion by 2028
The smart cities market is expected to reach USD 1,114.4 billion by 2028 from USD 549.1 billion in 2023, at a CAGR of 15.2 % during 2023–2028.
Supportive policies, regulations, and government initiatives promoting sustainability, efficiency, and quality of life in urban areas drive investments in smart city projects.
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Smart Cities Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast -2027
The Global Smart Cities Market is expected to grow from USD 511.6 billion in 2022 to USD 1024.4 billion by 2027, at a CAGR of 14.9% during the forecast period. The smart cities market is growing due to the rising need for public safety and advanced communication infrastructure, growing adoption of connected and smart technologies, rising energy optimization requirements, and intensifying citizen engagement.
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Smart City Platforms Market Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2028
Smart City Platforms Market enable the integration of various software, devices, sensors, machines, routers, controllers, gateways, and edge-computing systems to streamline business processes and increase operational efficiency. The growing mobile subscriber base, broadband penetration, and the adoption of advanced technologies across businesses drive the smart city platforms market.
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Smart Cities Market Size, Share, Growth Prospects, and Key Opportunities by 2027
According to a research report “Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services (Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, and E-Governance) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the smart cities market is expected to grow from USD 511.6 billion in 2022...
Smart Cities: How Technology Will Reshape Transportation
A smart city refers to a city that efficiently deploys its Information and Communication Technology (ICT) infrastructure to improve the quality of life, along with augmented efficiency in urban operation and services. This guarantees that the economic, social, and environmental requirements of the present and future generations are addressed. An existing city can be considered smart only if it adheres...