Smart Cities Market Growth Report with 15.6% CAGR to 2032
The global Smart Cities Market is on an accelerated growth trajectory, expected to surpass USD 5.5 trillion by 2032, growing at a healthy CAGR of 20.4% during the forecast period (2024–2032). This surge is largely driven by increased urbanization, rising demand for intelligent infrastructure, and supportive government initiatives aimed at enhancing urban sustainability and livability.
Smart cities are reshaping how urban centers operate, leveraging technologies like IoT, AI, 5G, and big data to improve public services, resource management, and citizen engagement. As populations swell in urban areas, the demand for smarter, greener, and more connected cities becomes critical.
The global Smart Cities Market is on an accelerated growth trajectory, expected to surpass USD 5.5 trillion by 2032, growing at a healthy CAGR of 20.4% during the forecast period (2024–2032). This surge is largely driven by increased urbanization, rising demand for intelligent infrastructure, and supportive government initiatives aimed at enhancing urban sustainability and livability.
Smart cities are reshaping how urban centers operate, leveraging technologies like IoT, AI, 5G, and big data to improve public services, resource management, and citizen engagement. As populations swell in urban areas, the demand for smarter, greener, and more connected cities becomes critical.
Enquiry Before Buying of Smart Cities Market Report | Global Forecast From 2025 To 2033
As of 2023, the global smart cities market is estimated to have a market size of approximately USD 450 billion.
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07:59 AM - May 02, 2025 (UTC)
