The US smart city infrastructure market size is projected to grow from $294.1 billion in 2023 to $913.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period.
The global smart city infrastructure market size was valued at USD 456.7 billion in 2022 and is expected to expand at a CAGR of 17.4% from 2023 to 2030. The US market is driven by government initiatives and investments in smart city projects.
The US smart city infrastructure market is expected to grow at a CAGR of 18.1% from 2023 to 2028. The market is driven by the increasing demand for smart city solutions, government initiatives, and investments in smart city projects.
The US Department of Transportation is committed to supporting the development of smart cities and infrastructure. The department provides funding and resources for smart city projects, including the Smart City Challenge.
The global smart city infrastructure market size was USD 456.7 billion in 2022 and is projected to reach USD 1,527.9 billion by 2029, exhibiting a CAGR of 17.4% during the forecast period. The US market is expected to dominate the global market.
The US smart city infrastructure market is expected to reach $913.8 billion by 2028, growing at a CAGR of 18.1% from 2023 to 2028. The market is driven by the increasing demand for smart city solutions and government initiatives.
The National Institute of Standards and Technology (NIST) is working to support the development of smart city infrastructure. NIST provides resources and guidance for smart city projects, including the Smart City Framework.
The global smart city market size is expected to reach USD 2,548.4 billion by 2027, growing at a CAGR of 22.5% from 2023 to 2027. The US market is expected to dominate the global market, driven by government initiatives and investments in smart city projects.