The US smart infrastructure market is projected to grow from USD 12.4 billion in 2023 to USD 24.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period.
The global smart infrastructure market size was valued at USD 148.5 billion in 2022 and is expected to expand at a CAGR of 13.4% from 2023 to 2028. The US market is expected to hold a significant share due to government initiatives and investments in smart city projects.
The IEEE Smart Infrastructure Initiative forecasts that the US smart infrastructure market will reach USD 30 billion by 2028, driven by the adoption of IoT, AI, and data analytics in various sectors such as transportation, energy, and healthcare.
The US smart infrastructure market is dominated by key players such as Siemens, IBM, and Cisco Systems. The market is expected to witness significant growth due to increasing demand for smart city solutions and government initiatives to improve infrastructure efficiency.
A research study by North Carolina State University found that investing in smart infrastructure can generate significant economic benefits, including job creation and increased GDP. The study highlights the importance of strategic investment in smart infrastructure to drive economic growth in the US.
The US smart infrastructure market is expected to experience significant growth due to increasing demand for smart and sustainable infrastructure solutions. The market outlook report provides an in-depth analysis of the market trends, drivers, and challenges.
According to Statista, the US smart infrastructure market is expected to reach USD 26.5 billion by 2028, growing at a CAGR of 11.5% from 2023 to 2028. The market size and share are expected to increase due to the adoption of smart technologies in various sectors.
A video analysis by a market research firm provides an in-depth overview of the US smart infrastructure market, including market trends, drivers, and challenges. The video forecast predicts significant growth in the market due to increasing demand for smart and sustainable infrastructure solutions.