The US smart city infrastructure market is expected to reach $913.8 billion by 2028, driven by increasing demand for smart transportation and energy management systems.
The US smart city infrastructure market size was valued at $445.6 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2028.
A new report by ResearchAndMarkets.com forecasts the US smart city infrastructure market to grow at a CAGR of 12.8% from 2023 to 2028, driven by government initiatives and investments in smart city projects.
The IEEE Smart City Infrastructure Market Forecast predicts that the US market will reach $1.1 trillion by 2028, with a growth rate of 14.2% from 2023 to 2028, driven by advancements in IoT and AI technologies.
The US smart city market is projected to grow from $451.6 billion in 2022 to $1,043.8 billion by 2028, at a CAGR of 13.5% during the forecast period, driven by increasing adoption of smart city solutions.
A study by the Harvard University's Ash Center for Democratic Governance and Innovation found that the US smart city infrastructure market is expected to grow at a CAGR of 12.2% from 2023 to 2028, driven by investments in smart transportation and energy systems.
The US smart city infrastructure market is expected to create significant growth opportunities for companies involved in the development of smart city solutions, with a predicted growth rate of 13.8% from 2023 to 2028.
Statista predicts that the US smart city infrastructure market will grow at a CAGR of 13.4% from 2023 to 2028, with the largest share of the market accounted for by the smart transportation segment.