Embark on a journey into the burgeoning Smart Cities Market. Explore the integration of technology and urban development, unraveling innovations that redefine city living. Stay ahead in the evolution of urban landscapes as we analyze key trends, technologies, and stakeholders shaping the transformative Smart Cities Market.
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The European region dominated the smart cities market and is projected to grow at a CAGR of 7.9% over the forecast period. The rapid implementation of smart city projects and the number of existing digital cities in the region drive the smart cities market growth which is anticipated to be steady over the forecast period.
Furthermore, advancements in smart city technologies have improved the efficiency of smart city solutions and that, in turn, has strengthened the confidence of ministries and governments in deploying these solutions. Effective use of emerging tech such as Artificial Intelligence & Internet of Things (IoT) is further anticipated to increase the adoption and implementation of smart city solutions over the forecast period.