According to a recent report published by Allied Market Research, titled, “Smart Cities Market by Component and Functional Area: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global smart cities market size was valued at $648.36 billion in 2020, and is projected to reach $6,061.00 billion by 2030, growing at a CAGR of 25.2% from 2021 to 2030. …
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Saudi Arabia Smart Cities Market | Outlook 2020- Insights, Growth Analysis, Future Trends, Forecasts To 2027
Rise in efforts to minimize oil dependency, proactive smart city initiatives, and a surge in investments by the government have boosted the growth of the Saudi Arabia smart cities market. However, data security & private concerns with smart cities hinder market growth. On the contrary, the environmental friendliness of smart cities and technological advancements in IoT and …
Smart Cities Market Share Growing Rapidly with Recent Trends and Outlook By 2030
Rise in adoption of smart cities, growing number of projects under various government smart city initiatives, and surge in need for better natural resource management in urban environments drive the growth of the global Smart City Platform Market. On the other hand, security concerns associated with smart cities and lack of funding & adequate infrastructure …
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Smart Cities Market Value Expected to Reach $6,061.00 Billion by 2030 with a CAGR of 25.2%, Says Allied Market Research
The incorporation of artificial intelligence in smart cities and the rise in the IoT market & its application in digital cities are expected to create lucrative opportunities in the industry. Increase in adoption of smart cities in multiple regions, emergence of several digital city initiatives, and rise in the need for better natural resource management …
U.S. Smart Cities Market| Business-Opportunities and Growing Rapidly with Significant Trends by 2027
The growth of the smart cities market is driven by proactive government smart cities initiatives, growing urbanization, and rising need of better-quality life. However, security and privacy concerns of smart cities solutions are expected to hamper the market growth during the forecast period. Moreover, rising adoption of artificial intelligence solutions among smart city projects is …
Smart Cities Market in Saudi Arabia Ready to Hit $14,745.2 million by 2027, at CAGR of 19.6% details shared in the report
The environmental friendliness of smart cities and technological advancements in IoT and cloud technologies are expected to open lucrative opportunities for the market players in the future. Rise in efforts to minimize oil dependency, proactive smart city initiatives, and surge in investments by government have boosted the growth of the Saudi Arabia smart cities market. Key market …