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Rushi Dalve @go_658bd10ba1114
Europe Smart City Market: Global Industry Analysis and Forecast 2023 – 2030

Europe Smart City Market Size Was Valued at USD 194.15 Billion in 2022, and is Projected to Reach USD 328.63 Billion by 2030, Growing at a CAGR of 6.8% From 2023-2030.

The Europe Smart City market has experienced substantial growth in recent years, propelled by the increasing integration of digital technologies to enhance urban living. Smart City initiatives aim to improve efficiency, sustainability, and the overall quality of life for residents. This market encompasses a diverse range of solutions, including smart infrastructure, IoT (Internet of Things) applications, energy management, and intelligent transportation systems.

Governments and municipalities across Europe are actively investing in smart city projects to address urban challenges such as traffic congestion, environmental sustainability, and resource management. The adoption of advanced technologies, such as 5G, artificial intelligence, and data analytics, plays a crucial role in transforming traditional cities into smart, connected hubs.

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05:53 AM - Feb 16, 2024 (UTC)

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