The Smart Cities Market is set for significant expansion, with projections indicating a rise from USD 410.8 billion in 2024 to approximately USD 1,024.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 20.4% during this period. Smart cities utilize information and communication technologies (ICT) and the Internet of Things (IoT) to optimize the management of city assets and resources. These advanced systems are pivotal in enhancing various sectors, including transportation, healthcare, energy, and public safety, by improving quality of life, streamlining service delivery, and promoting sustainable urban growth.
