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 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...