Revenue increase in Smart city markets was at barely eight percent in 2020 and was followed by an explosive growth of nearly 35 percent in 2021, in all likelyhood a direct result of the incredible emphasize on digital innovation and technologies following the outbreak of COVID-19. This remarkable growht has subsided since then, dropping to 20 percent in 2023. This is still significant growth for any market, though it is forecasted to drop to ten percent by 2028.
Projected revenue changes by companies in the global smart city from 2020 to 2028*
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Statista. (April 15, 2023). Projected revenue changes by companies in the global smart city from 2020 to 2028* [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1380759/worldwide-smart-city-market-revenue-change/
Statista. "Projected revenue changes by companies in the global smart city from 2020 to 2028*." Chart. April 15, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1380759/worldwide-smart-city-market-revenue-change/
Statista. (2023). Projected revenue changes by companies in the global smart city from 2020 to 2028*. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1380759/worldwide-smart-city-market-revenue-change/
Statista. "Projected Revenue Changes by Companies in The Global Smart City from 2020 to 2028*." Statista, Statista Inc., 15 Apr 2023, https://www.statista.com/statistics/1380759/worldwide-smart-city-market-revenue-change/
Statista, Projected revenue changes by companies in the global smart city from 2020 to 2028* Statista, https://www.statista.com/statistics/1380759/worldwide-smart-city-market-revenue-change/ (last visited September 01, 2024)
Projected revenue changes by companies in the global smart city from 2020 to 2028* [Graph], Statista, April 15, 2023. [Online]. Available: https://www.statista.com/statistics/1380759/worldwide-smart-city-market-revenue-change/