The US smart city infrastructure market size is projected to grow from USD 124.7 billion in 2023 to USD 267.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period.
According to a report by the National League of Cities, the top 5 states for smart city infrastructure investment in 2023 are California, New York, Texas, Florida, and Illinois, with a combined investment of over USD 10 billion.
A new report by Grand View Research estimates that the US smart city market size will reach USD 622.8 billion by 2028, growing at a CAGR of 14.1% during the forecast period, with California, Texas, and New York accounting for the largest share.
The IEEE Smart Cities Initiative reports that the US smart city infrastructure market is driven by the need for efficient energy management, public safety, and transportation systems, with cities like San Francisco, New York, and Chicago leading the way in innovation.
Statista reports that the top 10 states for smart city infrastructure market size in 2023 are California (USD 24.6 billion), Texas (USD 14.3 billion), New York (USD 12.8 billion), Florida (USD 10.3 billion), Illinois (USD 8.5 billion), Ohio (USD 7.3 billion), Georgia (USD 6.8 billion), North Carolina (USD 6.5 billion), Michigan (USD 6.2 billion), and New Jersey (USD 5.9 billion).
In a video interview with Smart City experts, the future of US smart city infrastructure is discussed, including the role of 5G networks, IoT devices, and data analytics in shaping the market, with a focus on California, Texas, and New York as leading states.
The US Department of Transportation's Smart City Challenge aims to support the development of smart city infrastructure across the US, with a focus on improving transportation systems, public safety, and quality of life, and has awarded grants to cities like Columbus, Ohio, and Pittsburgh, Pennsylvania.
A new research report by ResearchAndMarkets.com provides an in-depth analysis of the US smart city infrastructure market, including market size, share, trends, and forecast to 2028, with a focus on the role of states like California, Texas, and New York in driving market growth.