Smart Cities Market Size, Share, Trends, Growth and Forecast Till 2028
IMARC Group, a leading market research company, has recently released a report titled “ Smart Cities Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global smart cities market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How big is the smart cities market? The global smart cities market size reached US$ 1,049.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,775.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.3% during 2023-2028. What are smart cities? A smart city utilizes information and communication technology (ICT) to enhance operational efficiency, share data with the public and offer an improved quality of government service and citizen welfare. The key goal of a smart city is to optimize city functions an...