The US smart city technology market is projected to grow from USD 143.1 billion in 2023 to USD 263.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period.
The National League of Cities has released a report on smart city initiatives in the US, highlighting the growing trend of cities investing in technology to improve infrastructure, public services, and quality of life.
A new report forecasts that US smart city technology spending will reach $263 billion by 2028, driven by investments in smart energy, transportation, and public safety.
The global smart city technology market size is expected to reach USD 1.2 trillion by 2028, growing at a CAGR of 12.8% during the forecast period, with the US being a major contributor to the market growth.
The US Department of Energy provides funding and resources for smart city initiatives, focusing on energy efficiency, renewable energy, and grid modernization.
Forrester's latest report provides an in-depth analysis of the US smart city technology market, including spending forecasts, trends, and recommendations for city leaders and technology vendors.
IBM offers a range of smart city solutions, including IoT, AI, and data analytics, to help cities improve infrastructure, public services, and citizen engagement.
The Urban Institute provides a guide for city leaders on smart city technology, including best practices, case studies, and recommendations for implementing smart city initiatives.