Smart Cities Market Expected To Grow With USD 676.01 Billion By 2028
San Francisco, 14 June 2021: The Report Smart Cities Market Size, Share & Trends Analysis Report By Application (Smart Governance, Smart Building, Smart Utilities, Smart Transportation, Smart Healthcare), By Governance Model, By Region, And Segment Forecasts, 2021 - 2028 The global smart cities market size is expected to reach USD 676.01 billion by 2028, registering a CAGR of 29.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The demand for smart cities is anticipated to increase primarily due to factors such as rising urban population, growing necessity to efficiently manage limited natural resources, and environmental sustainability. Smart cities include a large number of domains and application areas augmented with technological advancements and their efficient use to provide services to citizens of a city. The aging infrastructure, rapid urbanization, and adoption of the latest technology, coupled with the demand for improved quali