The smart cities market is experiencing unprecedented growth, with the market size projected to escalate from USD 743.30 billion in 2023 to USD 2,859.81 billion by 2032. This remarkable growth reflects a compound annual growth rate (CAGR) of 16.15% from 2024 to 2032. The surge in market size is attributed to the increasing integration of information and communication technology (ICT) aimed at enhancing urban living conditions, streamlining city operations, and promoting sustainable environments. As global urbanization continues to accelerate, the need for efficient city management and improved quality of life for urban dwellers has become more critical than ever. Smart cities leverage advanced technologies such as Internet of Things (IoT) devices, data analytics, and artificial intelligence (AI) to optimize key services like transportation, waste management, and energy consumption. This interconnected infrastructure enables real-time monitoring and efficient resource allocation, ultimately leading to a better quality of life for residents.
The smart cities industry encompasses various sectors, including transportation, energy, healthcare, and public safety, each contributing to a comprehensive urban experience. The report provides a detailed analysis of market trends, challenges, and opportunities, focusing on key players within the industry and their respective contributions. Moreover, it presents anticipated market sizes from 2017 to 2032, offering insights into revenue potential and growth trajectories that can guide stakeholders in making informed decisions.
Read More1. Market Outlook
1.1 Market Snapshot
1.2 Market Definition
1.3 Key Takeaways
2. Market Statistics
2.1 Market Size of the Smart Cities Industries Leaders from 2017 to 2032 (in Billion USD)
2.2 Worldwide Revenue of the Smart Cities from 2020 to 2024 F (in Billion USD)
2.3 Global Proportion of Smart Cities under Construction in Major Countries
2.4 Global Urbanization Rate From 1950 to 2050 (In Percentage)
2.5 GOI Has Allocated Share For SCM from 2019-20 to 2022-23 (In USD)
2.6 Top 10 Largest Economies in the World 2024
2.7 Top 10 Smart Cities Population in 2024 (in Billion USD)
2.8 Top 10 Sustainable Smart Cities in the World 2024
2.9 Top 10 Sustainable Smart Cities in the World 2024, by Sustainability Score in Percentage
2.10 Global Top 5 Serviceable Airports Share in 2024 (In Percentage)
2.11 Top 10 Road Networks in the World 2024 (in Km)
2.12 Global Top 5 Railway Coverage Share in 2024 (In Percentage)
2.13 Top Manufacturing Countries in 2024 (in Percentage)
2.14 The 10 Global Biggest Industries by Revenue in 2024 (In Billion USD)
2.15 Global Health Care Index, by Country 2024 Mid-Year
2.16 Top European Medical Technology Export Destinations in 2023 (in Percentage)
2.17 Market Size of the Indian EdTech Industry (Expected in $ mn)
2.18 Global Distribution of Fintechs – by Region in January 2024 (In Percentage)
2.19 Revenue of the Hotels Market Worldwide From 2020 to 2023 (in Billion USD)
2.20 Global Number of Passengers and Number of Cities, by Region in 2023
3. Appendix
3.1 Research Process
3.2 Author
Smart City Industry Leaders