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This “Global Smart City Market (By Application and Region): Insights and Forecasts on the Potential Impact of COVID-19 (2021-2025)” Report has been added to ResearchAndMarkets.com provide.
The global smart city market is expected to reach US$2.51 trillion by 2025, growing at a compound annual growth rate of 20.51% from 2021 to 2025. Market growth is affected by the increase in technology spending such as smart city programs, the acceleration of global urbanization, and the surge in infrastructure investment.
The increasing popularity of artificial intelligence may become a key trend in the market. Contrary to the increase in privacy and security concerns about the Internet of Things, this will bring challenges to the market.
The global smart city market can be subdivided into: governance and education, energy, healthcare, security, infrastructure, construction, and mobility. The dominant share of the global smart city market in 2020 will be occupied by governance and education systems, followed by energy, healthcare, security, infrastructure, construction, and mobility.
Based on geographic location, the global smart city market can be divided into the following segments: the United States, Western Europe, China, Asia Pacific (except China and Japan), and Japan. In 2020,…
The full story can be found on Benzinga.com
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