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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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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