The European smart city market stood at over 12 billion Euros in 2023 and is expected to grow on average around ten percent year-on-year until the end of the decade.
Smart city market revenue in Europe from 2018 to 2029
(in billion Euros)
Data provided by Statista Market Insights are estimates.
Definition:
Smart Cities term refers to usage of Internet of Things (IoT) technologies in order to improve the quality of life for its citizens, enhance sustainability, and optimize urban services. In a smart city, various devices and sensors are installed throughout the urban landscape to create the intelligent transportation systems, smart grids and public safety systems.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (September 5, 2024). Smart city market revenue in Europe from 2018 to 2029 (in billion Euros) [Graph]. In Statista. Retrieved October 04, 2024, from https://www.statista.com/forecasts/1490705/smart-city-revenue-europe
Statista. "Smart city market revenue in Europe from 2018 to 2029 (in billion Euros)." Chart. September 5, 2024. Statista. Accessed October 04, 2024. https://www.statista.com/forecasts/1490705/smart-city-revenue-europe
Statista. (2024). Smart city market revenue in Europe from 2018 to 2029 (in billion Euros). Statista. Statista Inc.. Accessed: October 04, 2024. https://www.statista.com/forecasts/1490705/smart-city-revenue-europe
Statista. "Smart City Market Revenue in Europe from 2018 to 2029 (in Billion Euros)." Statista, Statista Inc., 5 Sep 2024, https://www.statista.com/forecasts/1490705/smart-city-revenue-europe
Statista, Smart city market revenue in Europe from 2018 to 2029 (in billion Euros) Statista, https://www.statista.com/forecasts/1490705/smart-city-revenue-europe (last visited October 04, 2024)
Smart city market revenue in Europe from 2018 to 2029 (in billion Euros) [Graph], Statista, September 5, 2024. [Online]. Available: https://www.statista.com/forecasts/1490705/smart-city-revenue-europe