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 this, it provides energy storage and creates new revenue strea

  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