Smart Cities Market
The smart cities market encompasses the technologies and services designed to manage urban assets and resources efficiently. Key customers are government bodies and large enterprises focused on urban development and management. The market's growth is primarily driven by an increase in government initiatives for smart city development, rising R&D activities, and growing environmental concerns related to waste, traffic, and energy consumption.
CAGR
29.5%
Compound Annual Growth Rate
Current Value
$1.40T
Estimated 2026
Projected Value
$11.0T
By 2034
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