The global revenue of smart cities grew by an astonishing 22 percent in 2023, a staggering market growth by any metric. This is expected to slow down to a more sustainable ten percent through the rest of the decade.
Growth of the smart city market revenue globally from 2019 to 2029
Data provided by Statista Market Insights are estimates.
Definition:
Smart Cities term refers to usage of Internet of Things (IoT) technologies in order to improve the quality of life for its citizens, enhance sustainability, and optimize urban services. In a smart city, various devices and sensors are installed throughout the urban landscape to create the intelligent transportation systems, smart grids and public safety systems.
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Statista. (September 5, 2024). Growth of the smart city market revenue globally from 2019 to 2029 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/forecasts/1490694/market-growth-of-smart-cities-worldwide
Statista. "Growth of the smart city market revenue globally from 2019 to 2029 ." Chart. September 5, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/forecasts/1490694/market-growth-of-smart-cities-worldwide
Statista. (2024). Growth of the smart city market revenue globally from 2019 to 2029 . Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/forecasts/1490694/market-growth-of-smart-cities-worldwide
Statista. "Growth of The Smart City Market Revenue Globally from 2019 to 2029 ." Statista, Statista Inc., 5 Sep 2024, https://www.statista.com/forecasts/1490694/market-growth-of-smart-cities-worldwide
Statista, Growth of the smart city market revenue globally from 2019 to 2029 Statista, https://www.statista.com/forecasts/1490694/market-growth-of-smart-cities-worldwide (last visited December 21, 2024)
Growth of the smart city market revenue globally from 2019 to 2029 [Graph], Statista, September 5, 2024. [Online]. Available: https://www.statista.com/forecasts/1490694/market-growth-of-smart-cities-worldwide
