Market Research Insights

  San Francisco, 19 Aug 2024:  The Report  Smart Cities Market  Size, Share & Trends Analysis Report By Application, By Smart Governance, By Smart Utilities, By Smart Transportation, By Smart Healthcare, By Region, And Segment Forecasts, 2023 - 2030 The global smart cities market size is expected to reach USD 3,728.3 billion by 2030, registering a CAGR of 25.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to rapid favorable government initiatives worldwide and emerging technologies, such as  Artificial Intelligence  (AI), cybersecurity, big data analytics, and the  Internet of Things  (IoT). This has encouraged several countries to invest in smart city projects to manage infrastructure and assets. Further, the increasing adoption of  Electric Vehicles  (EVs) has also created a demand for the development of charging infrastructure in cities globally. Due to thi...

 Get To Know : https://tinyurl.com/2a43ame9 With the growing awareness about “smart everything”, the smart cities concept has been garnering attention, which is largely the result of all intermediary technologies. Furthermore, increasing investments by city governments, central/federal governments, and dedicated governing bodies have been primarily driving the market growth. Financing and funding models, technology ecosystems, governance structures, and investments in infrastructure play an essential role in smart city deployments and are expected to drive market growth over the forecast period.