The smart city revenue in Asia is expected to grow to 26 billion U.S. dollars in 2024, a growth of just under ten percent compared to 2023. The market is expected to nearly double by the end of 2029, at nearly 45 billion U.S. dollars.
Smart city market revenue in Asia from 2018 to 2029
(in billion U.S. dollars)
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.
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Statista. (September 5, 2024). Smart city market revenue in Asia from 2018 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1490711/smart-city-revenue-asia
Statista. "Smart city market revenue in Asia from 2018 to 2029 (in billion U.S. dollars)." Chart. September 5, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1490711/smart-city-revenue-asia
Statista. (2024). Smart city market revenue in Asia from 2018 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1490711/smart-city-revenue-asia
Statista. "Smart City Market Revenue in Asia from 2018 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Sep 2024, https://www.statista.com/forecasts/1490711/smart-city-revenue-asia
Statista, Smart city market revenue in Asia from 2018 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1490711/smart-city-revenue-asia (last visited November 05, 2024)
Smart city market revenue in Asia from 2018 to 2029 (in billion U.S. dollars) [Graph], Statista, September 5, 2024. [Online]. Available: https://www.statista.com/forecasts/1490711/smart-city-revenue-asia