The US smart city technology market is expected to grow at a CAGR of 17.1% from 2023 to 2028, driven by increasing demand for efficient energy management and public safety.
The National Foundation for Development and Culture (NFDC) reports that the US government has allocated over $10 billion for smart city initiatives in 2023, with a focus on transportation and energy efficiency.
A new report by ResearchAndMarkets.com forecasts the global smart city market to reach $2.5 trillion by 2028, with the US being a major driver of growth, accounting for over 30% of the total market share.
The US smart city technology market is expected to experience significant growth, driven by advancements in IoT, AI, and data analytics, with major players such as IBM, Cisco, and Microsoft investing heavily in the sector.
The Smart City Investment Dashboard provides an overview of the current state of smart city investments in the US, including key trends, challenges, and opportunities for growth, with a focus on transportation, energy, and public safety.
The US Environmental Protection Agency (EPA) has released a guide for local governments on how to develop and implement smart city initiatives, including strategies for securing funding and investment.
A new report by the Brookings Institution examines the role of private investment in smart city development, highlighting the need for public-private partnerships to drive growth and innovation in the sector.
This video provides an overview of the growth of smart city technology investments in the US, including key trends, challenges, and opportunities for growth, with a focus on the role of IoT, AI, and data analytics.