The smart cities market is expected to grow from USD 308 Billion in 2018 to USD 717 Billion by 2023, at a CAGR of 18.4%. The Smart Cities Market has witnessed substantial growth, owing to need for public safety and communications infrastructure, increasing number of government initiatives and PPP models for smart cities, growing adoption of connected and smart technologies in smart cities initiatives,optimizing the use of energy during peak hours, and citizen empowerment and engagement.

Sourced through Scoop.it from: www.marketsandmarkets.com