Global Smart Cities Market Forecast 2024-2033: Analyzing Growth Drivers, Market Share, Segments, and Emerging Trends

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only!

LONDON, GREATER LONDON, UNITED KINGDOM, November 22, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!

The smart cities market has grown exponentially, from $667.51 billion in 2023 to $808.46 billion in 2024 at a CAGR of 21.1%. Rapid urbanization, sustainability, traffic congestion, energy efficiency, and government initiatives have fueled this growth.

What Is the Anticipated Market Size of the Global Smart Cities Market and Its Growth Rate?
The smart cities market is forecast to grow rapidly, reaching $1652.36 billion by 2028 with a CAGR of 19.6%. Growth is attributed to 5G network integration, disaster preparedness, and citizen engagement. Major trends include digital twin technology, public safety systems, and smart building automation.

Explore Comprehensive Insights Into The Global Smart Cities Market With A Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6060&type=smp

What Is The Primary Growth Driver Of The Smart Cities Market?
The global trend of urbanization is expected to boost the growth of the smart cities global market. A smart city uses advanced electronic technologies, voice activation, and sensors to enhance urban living by gathering and utilizing information.

Pre-book the report for a swift delivery:
https://www.thebusinessresearchcompany.com/report/smart-cities-global-market-report

Which Market Leaders Are Behind the Growth of the Smart Cities Market?
Major companies operating in the market report are Microsoft Corporation, AT&T Inc., Huawei Technologies Co Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Siemens Mobility GmbH, Accenture plc, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Nokia Corporation.

What Key Trends Are Impacting The Size Of The Smart Cities Market?
Technological innovations are shaping the smart cities industry, with major companies focusing on improving urban transit systems to deliver efficient public transportation services.

How Is The Global Smart Cities Market Segmented?
1) By Component: Solutions, Services
2) By Type: Roadways, Railways, Airways
3) By Application: Smart Governance, Smart Building, Smart Utilities, Smart Transportation, Smart Healthcare, Other Applications

Regional Insights: North America Paving the Way in the Smart Cities Market
North America was the largest region in the smart cities global market in 2023. The regions covered in the smart cities report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is The Definition Of The Smart Cities Market?
A smart city leverages information and communication technology (ICT) to improve operational efficiency, share data with residents, and enhance government services to address urban challenges.

The Smart Cities Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Overview of the Global Smart Cities Market Report: Trends, Opportunities, Strategies, and More
The Smart Cities Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into smart cities market size, smart cities market drivers and trends, smart cities global market major players, smart cities competitors' revenues, smart cities global market positioning, and smart cities market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.

Browse Through More Similar Reports By The Business Research Company:

IoT in Smart Cities Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/iot-in-smart-cities-global-market-report
Smart City Platforms Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/smart-city-platforms-global-market-report

Home Improvement Services Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/home-improvement-services-global-market-report

What Services Does The Business Research Company Offer?
The Business Research Company has published more than 15,000 reports spanning 27 industries and over 60 regions. Our research is supported by 1.5 million datasets, thorough secondary research, and unique insights gained from interviews with industry experts. We offer ongoing and customized research services, featuring a variety of specialized packages designed to meet your specific needs, such as Market Entry Research, Competitor Tracking, Supplier & Distributor Packages, and many others.

Our flagship product, the Global Market Model, serves as a leading market intelligence platform that provides comprehensive and updated forecasts to facilitate informed decision-making.

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn