Smart city technologies market projected to reach $100 billion in 2024, led by China's growth.
Smart city technologies are projected to become a $100 billion industry in 2024, with China leading growth as cities seek innovative solutions for urban challenges. The market has grown by 140% over the past five years, reaching $90 billion in 2021. Smart city solutions leverage IoT, software, and communication networks to address issues like cybersecurity threats, traffic congestion, and energy management.
May 29, 2024
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