The US smart infrastructure market size is projected to grow from $173.1 billion in 2023 to $356.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 15.4% during the forecast period.
The global smart infrastructure market size was valued at USD 148.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030. The US market is expected to hold a significant share due to government initiatives.
The US smart infrastructure market is expected to grow at a CAGR of 15.1% from 2023 to 2028. The growth can be attributed to the increasing demand for energy-efficient and sustainable infrastructure solutions.
The United States needs to invest in smart infrastructure to remain competitive in the global economy. This includes investing in digital infrastructure, such as 5G networks and data analytics platforms.
The US smart infrastructure market reached a value of US$ 173.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 356.5 Billion by 2028, exhibiting a growth rate (CAGR) of 15.4% during 2023-2028.
The Biden Administration is committed to investing in smart infrastructure to create jobs, stimulate economic growth, and improve the quality of life for all Americans.
Smart infrastructure is critical to enabling a sustainable future. It includes the integration of digital technologies, such as IoT sensors and data analytics, into physical infrastructure, such as transportation systems and buildings.
This report provides an in-depth analysis of the US smart infrastructure market, including market size, share, trends, and forecast. It also provides an analysis of the competitive landscape and the key players operating in the market.