Embark on a transformative journey through the Smart Cities Market. Discover how technology is reshaping urban living, from infrastructure to connectivity. Stay ahead in the evolution of cityscapes with insights into key trends, innovations, and stakeholders driving the Smart Cities movement. Explore the intersection of technology and urban development for a smarter, sustainable future.

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.

Governments and administrations around the world have been favorable towards implementing smart city solutions owing to several advantages they provide for smooth operations of numerous activities carried out in the city on daily basis. Smart city solutions have also been observed to be critical in improving overall safety, reducing the carbon footprint, and improving the efficiency of city resources management which has also positively impacted the public sentiment towards the adoption of smart city solutions.