The smart city market in Asia has been growing at a high but uneven rate since 2019, with the largest growth coming in 2023 of nearly 20 percent. This growth is expected to slow considerably to around 8 to 12 percent over the decade.
Growth of the smart city market revenue in Asia 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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (September 5, 2024). Growth of the smart city market revenue in Asia from 2019 to 2029 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1490714/market-growth-of-smart-cities-asia
Statista. "Growth of the smart city market revenue in Asia from 2019 to 2029 ." Chart. September 5, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1490714/market-growth-of-smart-cities-asia
Statista. (2024). Growth of the smart city market revenue in Asia from 2019 to 2029 . Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1490714/market-growth-of-smart-cities-asia
Statista. "Growth of The Smart City Market Revenue in Asia from 2019 to 2029 ." Statista, Statista Inc., 5 Sep 2024, https://www.statista.com/forecasts/1490714/market-growth-of-smart-cities-asia
Statista, Growth of the smart city market revenue in Asia from 2019 to 2029 Statista, https://www.statista.com/forecasts/1490714/market-growth-of-smart-cities-asia (last visited November 21, 2024)
Growth of the smart city market revenue in Asia from 2019 to 2029 [Graph], Statista, September 5, 2024. [Online]. Available: https://www.statista.com/forecasts/1490714/market-growth-of-smart-cities-asia
