Smart Pole Market Expected To Grow With USD 26.55 Billion By 2028
San Francisco, 26 March 2021: The Report Smart Pole Market Size, Share & Trends Analysis Report By Component, By Hardware, By Installation Type, By Application, By Region, And Segment Forecasts, 2021 - 2028 The global smart pole market size is expected to reach USD 26.55 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 19.7% from 2021 to 2028. Continued urbanization and the subsequent need to manage assets and infrastructure efficiently are driving the demand for smart poles. The rollout of smart city projects in different parts of the world also bodes well for the growth of the market. According to a study conducted by the Consumer Technology Association, smart city spending across the globe reached USD 34.35 billion in 2020. Several government bodies worldwide are pursuing initiatives to provide Wi-Fi connectivity in public areas and are deploying smart poles for the purpose. For instance, in February 2018, smart